Projects listed: 276 |
BTC Dominance: 51.42% | Volume (24h): $31,379,212,517 | Market Cap: $2,247,214,693,529
Celo
CELO
$0.44
Sector
Smart Contracts
Exchange Debut
2020-04-30
Market Cap
237,700,278
Maxim Supply
1,000,000,000
Circulating Supply
542,396,781
Circ. Supply(%)
54.24%
Celo
CELO
Price
$0.44
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
10009018
0.443548472999
0.433195583791
Change 24h
Change 7d
Change 30d
-0.0017
5.1172
-8.8379
Maxim supply
Circulating supply
Circulating supply(%)
1,000,000,000
542,396,781
54.24%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Celo – CELO cryptocurrency:
Celo (CELO) emerges as a pioneering force in the cryptocurrency landscape, with a fundamental analysis score of 6.87 out of 10. This blockchain platform, known for its carbon-negative and permissionless nature, offers a rich ecosystem thriving with global partnerships and innovative Web3 applications. Aimed at fostering a more inclusive financial system, Celo’s accessibility via mobile phones, its decentralized proof-of-stake technology, and a diverse range of assets like cUSD, cEUR, and cREAL mark it as a significant player in the digital currency world. Notably, its migration to an Ethereum layer-2 and support from major entities like Google Cloud and Deutsche Telekom further bolster its standing. However, a closer look at its various facets through a fundamental analysis of the Celo-CELO cryptocurrency reveals a nuanced picture.
SOCIAL & MASS MEDIA: Score 6.9 out of 10
Celo’s presence in social and mass media is notable, scoring a 6.9 out of 10. The project excels in attracting followers on social media and maintaining a strong media presence, both scoring a perfect 10. Additionally, the activities of social media administrators are commendable. However, the low community activity on social media pages, alongside moderate community sizes in chat groups, suggests room for growth in engaging and expanding its online community.
AUDIT & SECURITY: Score 4.35 out of 10
The audit and security aspect of Celo garners a score of 4.35 out of 10. The transparency of publicly available information and liquidity on exchanges are strengths, with scores above average. However, the results of audits raise concerns, indicating potential areas for improvement in ensuring robust security measures and building trust among users.
TOKENOMICS: Score 5.35 out of 10
In tokenomics, Celo scores 5.35 out of 10. The project demonstrates a reasonable approach to inflation management but faces challenges with centralization of its monetary mass. Addressing this issue could enhance the stability and appeal of its token economy.
ECOSYSTEM DEVELOPMENT: Score 8.24 out of 10
Celo’s ecosystem development is a strong suit, scoring 8.24 out of 10. The platform shows significant progress in achieving its objectives and is actively planning new developments. This proactive approach in expanding and enhancing its ecosystem is a positive indicator for future growth and sustainability.
TEAM & DEVELOPERS: Score 8.8 out of 10
The highly experienced team behind Celo, reflected in their 8.8 out of 10 score, demonstrates their strength with a full score in the number of software developers. This robust and capable team is poised to drive innovation and technical excellence
PRODUCT & UTILITY: Score 7.1 out of 10
For product and utility, Celo scores 7.1 out of 10. The utility of the product and tokens within its ecosystem are recognized as strong points. These scores indicate a product that has practical use cases and an ecosystem where tokens play a meaningful role, adding value to its users.
PARTNERS & INVESTORS: Score 6.5 out of 10
The project’s engagement with partners and investors scores 6.5 out of 10. While the quality of partners is high, there is a need for more and larger investors to support and scale the project further.
Fundamental analysis of the Celo-CELO cryptocurrency – The final conclusion
What is Celo?
Celo is a unique blockchain platform, known for being carbon-negative and permissionless. It was launched on Earth Day 2020 and supports the CELO governance asset, along with several Mento stable assets like cUSD, cEUR, and cREAL. These assets facilitate real-world digital asset usage. Celo’s ecosystem is vast, encompassing a decentralized, proof-of-stake technology stack and over 1,000 projects globally. Its goal is to create inclusive financial systems accessible via mobile phones.
Founding and Governance
Founded in 2017 by Rene Reinsberg, Marek Olszewski, and Sep Kamvar, Celo has evolved under the guidance of these tech visionaries. The Celo Foundation, led by Reinsberg, and cLabs, overseen by Olszewski, play key roles in its development. The platform’s governance is supported by the CELO asset, allowing stakeholders to vote on changes and engage with dapps.
Unique Attributes and Security
Celo’s uniqueness lies in its carbon-negative status, making it one of the world’s first in this category. It utilizes a proof-of-stake consensus, which is energy-efficient compared to proof-of-work systems. The platform is a significant player in the Climate Collective and aims to integrate natural capital-backed assets in its Mento Reserve. Its mobile-first approach, featuring technologies like Plumo, enhances accessibility, making blockchain transactions feasible on low-powered smartphones. This approach is pivotal in Celo’s mission to global financial inclusion and its role in regenerative finance (ReFi).
- Latest analysis update: December 23, 2023
Celo - CELO performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
