mCELO (MCELO)
Details about mCELO cryptocurrency
mCELO
MCELO
Unknown for now
€143
9,783,754
1
Unknown
https://www.moola.market/
@Moola_Market
110876x
€131942
mCELO price charts
MCELO exchanges
mCELO, the crypto
mCELO (MCELO) is a wrapped version of the CELO cryptocurrency, which runs on the Celo blockchain. It is pegged to the value of CELO on a 1:1 basis and can be used in the Celo ecosystem in the same way as CELO.
The point
The main point of mCELO (MCELO) is to provide users with access to the Celo ecosystem while offering some of the same functionality as CELO, such as staking and governance. By introducing a wrapped token, users can participate in the Celo blockchain without having to own or transact in CELO directly.
The problem
mCELO (MCELO) tries to solve the problem of accessibility to the Celo ecosystem. By introducing a wrapped token, users who may not be able to afford to buy CELO directly or may not want to participate in the volatility of CELO prices can still partake in the ecosystem. Additionally, mCELO (MCELO) can be used as collateral in DeFi applications without risking exposure to CELO price fluctuations.
Compare MCELO and BTC performance
Timeframe | MCELO | BTC |
---|---|---|
1h change | -0.492961 % | 0.540472 % |
24h change | -3.01 % | 1.35928 % |
7 day change | 11.35 % | 7.11285 % |
14 day change | -8.38 % | -1.59007 % |
30 day change | 35.22 % | 25.8729 % |
200 day change | 190.77 % | 172.53 % |
Year change | 29794.2 % | 165.178 % |