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File: Celo.png (4 KB, 167x53)
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>>
>>58694025
is this shit still alive?
>>
>>58694122
yeah Celo is very active in the crypto-for-impact world, there are some cool projects on it
>>
they joined the Optimism superchain ecosystem and i think are focusing on mobile-first functions so basically making a bet on providing DeFi microfinance type services to people without computers in the global south
>>
>>58694025
now that you mention it, i don't know if celo did a pre-mine and how that influenced tokenomics when they went over to being an ETH L2 on OP's superchain

my instinct is that they are owned by VCs and probably fairly corrupt when you get right down to how powerful the foundation is, but they are at least ostensibly using their power for good in a way that most blockchain foundations don't
>>
>>58694172
I found sth about buying pre launch
>Initial Distribution: CELO tokens were initially distributed through a decentralized auction mechanism called the "Funding Round," where participants could contribute various cryptocurrencies to receive CELO tokens at a predetermined exchange rate.
https://ndax.io/en/learn/coins/what-is-celo-celo

and
> an auction of CELO was held on CoinList
> all auction participants received the same price of $1.
https://blog.celo.org/its-official-celo-mainnet-is-here-6a3a71763f68?gi=bd7a1594edcc
the auction link on coinlist seems to be dead however
>>
>>58694209
https://tracxn.com/d/companies/celo/__zWi3ULBniWn5K1xPgSZqMMB4d-uvuoTnOgpLaWwkXQA/funding-and-investors

Funding Rounds
4
4 Early-Stage
Total Funding
$65M
$31M in Largest Round
Investors
54
40 Institutional / 14 Angels



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