The total supply of Celo coins is 1 billion, which is divided into: circulating supply, supply to be released, community reserve, and stable reserve. The total supply is controlled through minting and burning mechanisms, and annual inflation is expected to be approximately 2%. The initial token distribution is as follows: 47% for main sales, 21% for core contributors, 20% for community reserves, 10% for stable reserves, and 2% for strategic partners.
Total amount of Celo coins
Total amount: 1 billion coins
Details:
The total supply of Celo coins is 1 billion, divided into the following categories:
- Circulating supply: About 460 million CELOs are currently circulating in the market.
- Supply to be released: Approximately 390 million CELO have not yet been released into the circulating supply.
- Community Reserve: Approximately 84.1 million CELO have been allocated to the Celo Foundation and other community initiatives.
- Stability Reserve: Approximately 64.9 million CELO have been designated to stabilize the Celo network’s stablecoin Celo USD (cUSD).
Minting and Burning:
The total supply of Celo coins is controlled through the minting and burning mechanism. When a user creates a new Celo account, a small amount of CELO is minted. CELO is burned when it is used to pay for transaction fees or for validator staking.
Inflation Rate:
Celo’s inflation rate is expected to be approximately 2% per year. This will gradually increase the circulating supply by releasing unallocated Celo coins. However, the burn mechanism is designed to reduce the inflation rate over time.
Token Distribution:
The initial token distribution of Celo Coin is as follows:
- 47%: Main Sale
- 21%: Core Contributors
- 20%: Community Reserve
- 10%: Stable Reserve
- 2%: Strategic Partner
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