celo, with 30 times potential, is the next LUNA. LUNA is from South Korea and CELO is from the United States. In the next bull market, the competition for stablecoins is cruel. Yesterday, USDC announced that it would not be issued on TRX. The Chinese are actually in the stablecoin pie, and Wall Street is ready to grab it. On the one hand, a new stablecoin project has come out, and on the other hand, CELO's active mobile payment and stablecoin are actually favored by Wall Street. The next bull market may be based on the American version of LUNA. .
USDT is mainly Asian and European funds, and USDC represents the capital willingness of the United States. Give up TRX and go to CELO immediately. Celo is also favored by Silicon Valley VCs. In April 2019, Celo completed US$30 million in financing, led by cryptocurrency funds a16z and Polychain, and Dragonfly Capital Partners also participated in the financing. Prior to this massive move, Celo had raised $6.4 million. In February this year, Celo once again completed a US$20 million financing with the participation of a16z, bringing the total financing amount to US$65 million.
CELO's current market value is US$400 million, and LUNA's highest value in the last bull market was US$60 billion. If LUNA really becomes LUNA, it will be 120 times. But consider that Americans may not put a basket. Therefore, it is appropriate for us to suppress CELO’s target to 30 times.
Under pressure, Binance gave up BUSD, and quietly created ETHANA with Xiaohei and American Capital, which will also seize the market in the future.
Celo is an open, decentralized platform dedicated to helping everyone with a mobile phone enjoy financial services. The "Celo Alliance" covers nearly 100 individuals, technology companies, and organizations from all over the world. These partners are active on the Celo platform and help Celo grow. Celo is a carbon-neutral blockchain consisting of over 100 validators. In the Celo ecosystem, CELO is the most basic currency and can be used for exchange and democratic elections. The total amount of CELO is fixed, but the value is variable. Through CELO, you can vote for validators and bills to influence the future of the Celo platform.
The vision of the project is to establish an open financial system so that people in the world who do not have bank accounts but have smartphones can easily access financial services. CELO's transfer is very interesting. You don't need to know the address of the currency. You can transfer coins just by knowing your mobile phone number. It focuses on mobile WEB3 payment. WeChat and Alipay are WEB2 payments. Like LUNA, the Celo protocol is not only a stablecoin protocol, but also builds an underlying public chain, cultivates and introduces a large number of DeFi projects, provides financial scenarios for its own native stablecoin, and achieves early cold start and expansion of the stablecoin network. . At this point, the positioning and playing methods of Celo and LUNA are very similar, which is reflected in the fact that they do not compete directly with the Ethereum platform public chain, but start from the "decentralized stable currency". This strategic positioning allows project resources to be more concentrated. They have gradually evolved from a simple "decentralized stable currency protocol" to a large-scale financial ecosystem, and their positioning has also shifted from monetary services to an open comprehensive financial platform.
The maximum supply is 1,000,000,000 CELO, the circulation rate is 48.74%, the crowdfunding price is $1, and it is currently $0.81.
Currently CELO has put forward a new proposal that details the architecture of the Celo blockchain transition from OP Stack to Ethereum L2. Key differences of the proposal include: Byzantine fault-tolerant consensus using a decentralized orderer supported by Celo’s existing validator set, an off-chain data availability layer powered by EigenLayer and EigenDA, and operated by Ethereum node operators, and through Stake ETH for protection.
Summary: CELO is the American version of LUNA, supported by USDC and supported by Wall Street and Silicon Valley. It is an important player in the stablecoin market in the future. CELO descended from the public chain and built two layers of ether. There are indeed a lot of signs of building positions at the bottom. From a long-term perspective, we believe that if CELO replicates the peak of LUNA, it will be 120 times. However, considering that LUNA is difficult to reproduce, we expect that 30 times is appropriate for the bull market. #celo #BTC #bnb
