The Celo Gold-Mainnet has included his service – now, tokens can be traded
The decentralized Blockchain platform Celo Gold launched her Mainnet. Investors can now transfer on chain of your tokens.
The Celo Foundation has announced the launch of their Mainnet. The work on the System had begun the development team is already almost two and a half years. Participants of the 10-million-Dollar auction can transfer to the system start the network your cGLD-tokens in the Blockchain.
Celo spread the good news through a Medium Blog Post on 19.05.2020. Stock exchanges can now start trading their ERC-20-Token, on the Blockchain platform.
According to company reports, a group with more than 100 valida secured gates of the successful Start-up. The helpers were with a large “commitment, passion and expertise” in the matter of been.
“These independent validators in the world, the Celo Gold (cGLD)-network lifted from the baptism to have“, as it is in the blog entry of the company name.
Celo tells, the test network with the name ” Celo Release Candidate (RC1)” was run at the 22.04.2020 with success. RC1 ran the information referred to in without unexpectedly large errors. Only three weeks after the Start of the test network, the launch of the Mainnet is now followed by the group.
In the context of an auction, the company received US $ 10 million. The available tokens were sold out in less than 12 hours, wherein the price per unit was USD.
After the auction, the company released via a Blog has a corresponding statement by claiming that you have to guarantee a fair trial, even if the sale was oversubscribed, and many prospective buyers would have paid more.
“Exactly 3.996 registrations, as well as 761 commandments from 132 countries were registered. The average bid price was 5,02 USD, more than 50 percent of the bids have brought it to more than 3 USD, a quarter of the commandments were about 9 USD“
Already in 2019, Celo had collected 30 million U.S. dollars, bringing the total amount of financing rounds can now rise to $ 40 million. Essential as the fresh capital is that it is an important step in the development of in-house Celo Gold. For cGLD-owners can from now on, to send over the System crypto-Asset or receive.
The company already has other plans. For example, if you want to introduce a Celo Dollars (cUSD) and a Mainnet Wallet to introduce. The Team would like to continue to Oracle-uses, in order Celo Gold (cGLD)-prices can be taken from outside also in the Chain, what to open the Stablecoin-holders on the market for even more options.
The Celo-Blockchain works on the Basis of a Proof-of-Stake algorithm (PoS), so that the platform makes to the provider, according to both very fast as well as secure crypto transactions is possible.
