Celo is a decentralized blockchain network that allows anyone with just a single phone to access electronic financial services. Celo has not only built a currency system that allows users to pay on mobile faster at lower costs with 24/7 global access, but it also simplifies the payment process by allowing users to use their phone numbers as public keys.
Celo’s mission is to become a decentralized platform developed, upgraded, and administered by a diverse community of individuals, organizations, and enterprises rather than controlled by a single person or entity.
Celo token (CELO) is a utility token in the Celo ecosystem. It allows users to pay for transactions on the network and participate in governance by voting on issues concerning the platform’s future development.