#Binance
The CELO coin is the native digital currency of the Celo network, a blockchain platform specifically designed to enable financial inclusion and facilitate the use of digital currencies via mobile phones worldwide. Celo aims to make decentralized financial (DeFi) tools and services accessible to users regardless of their location or prior knowledge of cryptocurrencies.
CELO serves as the main governance and utility token of the Celo network. CELO holders use it to participate in the voting process on network development proposals and future directions, as well as to pay transaction fees on the Celo network.
The Celo network is characterized by its focus on the mobile user experience, allowing users to easily send and receive money using their mobile phone numbers as wallet identifiers. The network also supports stablecoins pegged to fiat currencies such as the US dollar (cUSD), which helps provide value stability and facilitate everyday payments.
