Celo is a platform that serves as a global payment infrastructure for cryptocurrencies specifically aimed at mobile users. Its function makes it a crucial component of DeFi, where payments can be sent to and from any phone number in the world. Celo uses a dual token model where CELO is the governance asset for voting on changes to the protocol. Celo Dollars (cUSD), is a stablecoin mirroring the value of the US dollar. Celo uses a Proof of Stake governance mechanism called the Byzantine Fault Tolerance (BFT) that keeps the distributed network of computers in sync. CELO holders will be able to propose and vote on the creation of stablecoins that mirror the value of other national currencies, such as the euro or yen.
How To Buy Celo or Add it to your strategy
The fastest, most convenient way to purchase Celo is to purchase it on ICONOMI. We check Celo live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Celo by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto trades use fundamental and technical analysis to evaluate if Celo is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Celo, we recommend you read the next section, as copying might be a better approach.
Add Celo to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Celo in their structure.