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Crypto Exchanges PDAX, GCrypto List $CELO

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Philippine Digital Asset Exchange (PDAX) and GCrypto have added $CELO, the native token of the Celo blockchain, to their platforms.

  • Note: GCrypto is the crypto trading feature of GCash, powered by PDAX. The synchronization ensures that both platforms now offer $CELO.

What’s the significance: This addition expands the range of tokens available to Filipino investors, aligning local exchanges with the offerings of international platforms.


Celo Blockchain Overview:

  • Initially a layer one blockchain, EVM-compatible, using proof-of-stake, it transitioned to a layer two protocol using Optimismโ€™s OP Stack.
  • Key features:
    • Maps phone numbers to wallet addresses.
    • Facilitates mobile payments globally.
    • Supports Ethereum compatibility.

Here are some key projects in the Celo ecosystem:

  • Mento: Stablecoin protocol issuing cUSD, cEUR, and cREAL.
  • Moola: Lending protocol for Celoโ€™s stablecoins.
  • StakedCelo: Liquid staking service for $CELO.
  • impactMarket: A significant DeFi platform within the ecosystem.

$CELO by the Numbers (as of August 13, 2024):

  • Market Cap: โ‚ฑ14.6 billion
  • Total Value Locked: โ‚ฑ4.1 billion
  • Circulating Supply: 545 million out of 1 billion total supply
  • Price Range: โ‚ฑ23.59 to โ‚ฑ27.99 (last seven days)
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This article is published on BitPinas: Crypto Exchanges PDAX, GCrypto List $CELO

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