Celo Gold (cGLD) is a utility and governance asset required to participate on the Celo Platform, a new Proof of Stake layer-1 blockchain. CoinList will be the only place to purchase cGLD ahead of Mainnet release, including on any exchanges.

Open Finance for All

Celo’s mission is to build a financial system that creates the conditions for prosperity — for everyone. Celo is a mobile-first solution that’s composed of three main elements:

The Thesis

A PoS Layer-1 Protocol with Ethereum Compatibility

Celo is a permissionless Proof of Stake (Pos) layer–1 smart contract platform with EVM (Ethereum Virtual Machine) compatibility on day one. Currently, Tezos, Cosmos, and Algorand are among the few permissionless PoS networks that are live. Celo’s EVM compatibility gives them an advantage in collaborating with the Ethereum ecosystem and creating cross–chain applications relative to other layer–1 chains.

A Consumer-Focused Strategy for Wide Stablecoin Adoption

Celo’s focus on supporting a great mobile experience sets it up to drive adoption of the payment system in emerging markets. This could massively expand the stablecoin market — to date, stablecoins have primarily been used as trading instruments in crypto markets. This market is large and growing and we believe the Celo Platform can significantly expand it. The recently announced Alliance for Prosperity, with over 50 organizations committed to supporting the Celo Platform, has a reach of over 400 million people.

A Compelling Economic Model for Participation

Celo Gold 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.

Experienced Team

Co-founder Sep Kamvar is the inventor of EigenTrust, one of the most well-known protocols for trust computation in decentralized systems. His first company was acquired by Google. His co-founders Rene Reinsberg and Marek Olszewski founded a machine learning startup that spun out of MIT and was later acquired by GoDaddy. Other Celo community contributors come from Apple, Facebook, Google, Square, Visa, Twitter, and The Federal Reserve Bank of New York.

Backed by the Best

Celo is supported by over 80 backers, including prominent venture funds, C-level operators, academics, and experts across a wide range of fields, including Polychain Capital, a16z, Social Capital, Dragonfly Capital, Coinbase, Jack Dorsey, Naval Ravikant, Reid Hoffman and more.

Registration for the auction is open now ›››

Visit the Celo Gold Auction Deal Page for more information ›››

Legal Disclaimer

This post is being distributed by Amalgamated Token Services Inc., dba CoinList. CoinList operates CoinList Services LLC (“CLS”), a technology company that offers compliance and technology infrastructure solutions for token issuers, and CoinList Markets LLC (“CLM”), a licensed money services business (NMLS #1785867). Neither CoinList, CLM nor CLS conducts investment diligence on token issuers or any tokens or token-based securities listed in this post nor provides legal, investment, banking, broker-dealer or tax services. Nothing in this post shall constitute or be construed as an offering of securities or as investment advice, tax advice or investment recommendations (i.e., recommendations as to whether to enter or not to enter into any transaction involving any specific interest or interests) by CoinList, CLM, CLS or any of their affiliates.

All information provided in this post is impersonal and not tailored to the needs of any person, entity, or group of persons and is not sufficient upon which to base a decision on whether or not to make a purchase. The services offered by CoinList Services LLC are provided for the benefit of token issuers, their supporters, developers, users and community, and the listing of tokens and token-based securities on the CoinList website does not suggest the future or expected value of any token or explicitly or implicitly recommend or suggest a purchase strategy of any kind. These types of purchases involve a high degree of risk (including risk of total loss), and potential purchasers should consult with their own advisors.

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.

Use of the CoinList website is subject to certain risks, including but not limited to those listed here. Certain services may be limited to residents of certain jurisdictions, and certain disclosures are required in certain jurisdictions, available here. The information contained in this post is subject to change without notice, and this post is subject to the terms available here.

CoinList does not receive compensation for publishing, giving publicity to, or circulating notices or communications that describe securities.