What does Celo coin do?

As a transactional currency, CELO efficiently covers fees associated with various network activities, from simple transfers to complex smart contract executions. Its integration ensures seamless and cost-effective interactions within the Celo ecosystem.

CELO, the CORE digital asset of the Celo blockchain platform, holds a strategic position within its intricate ecosystem. Acting as a multifaceted tool, it serves as the bedrock for several critical operations within the network.

Beyond these CORE functions, CELO fulfills various additional roles tailored to maintain the network's efficiency and sustainability. These might include supporting specific dApps, enabling cross-chain interoperability, or facilitating liquidity across various decentralized finance (DeFi) protocols.

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Firstly, CELO functions as a governance token, empowering community members to participate in decision-making processes that shape the future of the blockchain. This democratic approach fosters a sense of ownership and responsibility among users.