What is Celo
Celo enables participation on the Platform, with the opportunity to earn rewards through network participation. Celo’s stability mechanism and token economics are designed in such a way that demand for cGLD directly increases as demand for Celo Dollars (cUSD) and other stable value assets increases.
cGLD is a native cryptographic digital asset created at the mainnet release of the Celo Platform. cGLD has no relationship to physical gold.
cGLD is a utility and governance asset required to participate on the Celo Platform. Some uses include:
Running a validator to secure and operate aspects of the Celo Platform
Voting for validators working to secure and operate the Celo Platform
Participating in governance decisions to influence the future of the Celo Platform
Supporting applications on the platform
cGLD forms part of the overcollateralized reserve that supports the Celo stable value assets (initially Celo Dollar or cUSD).
The Celo Protocol automatically adds cGLD to the reserve whenever the Celo stable value asset supply increases.
Celo vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, CELO would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of CELO might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including CELO.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.