Review on Celo by francis fernandez
CELO: digital money on your mobile device
The weakness of cryptocurrencies has always been their fragile volatility in the stock market.
For this reason; many project developers have established binding mechanisms of these digital currencies with other more stable assets.
CELO is a digital payment gateway that allows you to acquire goods and services through the use of a cryptocurrency whose value is equivalent to the fiat currency the US dollar.
The relevant characteristic of CELO is precisely its 1: 1 equivalence with the dollar; that is, 1 ZEAL = 1 Dollar. This makes the CELO digital asset a stable value currency.
Another of its great advantages is the wide range of uses and opportunities that it can access as a currency linked to the dollar; allowing its holders to opt for business opportunities worldwide.
Like its stability; the easy access that the platform provides to its users demands the massive use of its application; being a decentralized solution available for mobile devices.
This implies that their holders have access to digital money and FIAT simultaneously just by accessing their smartphone.
Because CELO works as an open source protocol, its financial services are always visible to any user with a mobile smart device.
Token:
The platform combines the use of two tokens:
-CELO: Guarantee of access to the governance of the network.
-cUSD: stable digital currency linked to the dollar that serves to execute asset transfers in a reliable, fast, easy and low-cost way from your smartphone
Definitely, CELO is a currency that has everything we are looking for in a single platform; for that reason there are plenty of reasons to prefer it.
Pros
- Serves as a payment mechanism
- It is a currency linked to a stable currency, the dollar
- Can be accessed from a mobile device
Cons
- It has no disadvantages
