Celo Coin (CELO) is the native utility and governance token of the Celo blockchain platform which is focused on creating a mobile-first ecosystem for global financial inclusion. CELO is used to pay for transaction fees participate in governance decisions and support the stability of the platform’s stablecoins like cUSD. By linking wallet addresses to phone numbers Celo makes cryptocurrency accessible and easy to use especially for people in developing regions. The coin plays a vital role in securing the network through its proof-of-stake system. Overall, CELO aims to empower individuals by enabling fast low-cost and user-friendly financial transactions worldwide.