Celo Dollar

Celo Dollar

CUSD
$0.998833329%0.05

Key Metrics

Price$0.998833329
Real Volume (24H)$6,191,424.87
Marketcap$35,515,820.73
Fully Diluted ValuationN/A
ATH$1.14
ATH Date9/10/2021, 10:19:08 AM
ATL$0.894363
ATL Date5/19/2021, 4:14:14 PM
Circulating Supply43M
Total Supply43M
WebsiteN/A
WhitepaperN/A
Popularity Rank758
Chart
What is Celo Dollar?

The Celo Dollar (CUSD) platform is a revolutionary digital payment system that aims to make financial tools and services available to people all over the world using cryptocurrency. The goal of the platform is to provide DApps (Decentralized Applications) developed on the Celo (CUSD) ecosystem that can facilitate smooth financial transactions, making financial tools accessible from anywhere and from any mobile phone. The ultimate goal of the platform is to create prosperity for all.

The Celo Dollar (CUSD) stablecoin is designed to track the value of the US Dollar, making it easy for users to conduct daily transactions using their mobile phones. The CUSD token also acts as an on-chain governance token, incentivizing users to hold it and providing stability to the relative traditional currency.

One of the core features of the Celo (CUSD) platform is its focus on DeFi (Decentralized Finance). The platform provides stable value currencies (stablecoins) such as CUSD and CEUR, and allows users to map their phone numbers to make and receive payments. Additionally, the platform utilizes a proof-of-stake (PoS) consensus mechanism, allowing users to pay transaction fees using stable currencies in a fast and secure way, directly from their mobile devices. The platform also supports the provision of loans to its users.

The Celo (CUSD) platform also boasts on-chain governance, where all CUSD holders can participate. This allows for a decentralized decision-making process, giving the community a voice in the direction and development of the platform. The smart contract platform is Ethereum virtual machine (EVM) compatible, which enables third-party applications and extensions to be built on top of it. Furthermore, the platform allows for controlled access of funds and account private keys, making it easy for users to make payments independently of third parties.

The Celo Dollar (CUSD) token was founded by a team that includes experts from some of the most prestigious institutions in the world such as MIT, Google, Stanford, Square, World Bank, GoDaddy, Harvard University, the Federal Reserve Bank, and many more. The team includes Silas Boyd-Wickizer (advisor), Daniel Kimotho (cLabs, ecosystem growth – Kenya), Victor Graf (cLabs, protocol building), Alexander Harley (Steakwallet, founder), Kobi Gurkan (cLabs, cryptography), Anna Kazlauskas (Corsali, founder) and many more. The maximum total supply of CUSD tokens is 120,000,000.

The Celo Dollar (CUSD) platform was launched in early 2020 with the goal of making digital payments and financial tools accessible to everyone, regardless of location or economic status. The platform utilizes a stablecoin, also called CUSD, that is backed by a reserve of traditional currency and is designed to track the value of the US dollar. This stablecoin is used to facilitate transactions within the Celo ecosystem, making it easy for users to make and receive payments using their mobile devices.

One of the key features of the Celo platform is its use of a proof-of-stake (PoS) consensus mechanism. This allows users to pay transaction fees using stablecoins, making transactions faster and more secure. Additionally, the platform also supports on-chain governance, allowing all CUSD holders to participate in the decision-making process of the platform. This ensures that the community has a say in the direction and development of the platform.

Another important aspect of the Celo platform is its support for smart contracts. These self-executing contracts run on the Ethereum blockchain and can be used to automate a wide range of financial transactions, including loans and other financial services. Additionally, the Celo platform also aims to support controlled access of funds and account private keys, giving users more control over their own financial transactions.

The Celo Dollar (CUSD) token was developed by a team of experts from some of the most prestigious institutions in the world, including MIT, Google, Stanford, and Harvard University. The team also includes experienced professionals from the World Bank, GoDaddy, and the Federal Reserve Bank. The maximum total supply of the Celo Dollar (CUSD) token is 120,000,000 CUSD.

Overall, the Celo Dollar (CUSD) platform aims to bring the benefits of DeFi to the masses by making digital payments and financial tools available to everyone. With its stablecoin, proof-of-stake consensus mechanism, and support for smart contracts, the Celo platform is well-positioned to become a leading player in the digital payments and DeFi space.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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