Cryptocurrency Q&A
Is CELO inflationary?
Is CELO inflationary?
Giulia
Wed Sep 11 2024
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6 answers
1201
I'm curious to know, is CELO inflationary in nature? Could you elaborate on how its monetary policy and tokenomics work, and whether there's a risk of inflation eroding the value of CELO over time? Additionally, how does CELO compare to other cryptocurrencies in terms of inflation rates and the mechanisms in place to manage supply and demand?
6 answers
Ilaria
Fri Sep 13 2024
Validators, who play a crucial role in maintaining the security and integrity of the network, are rewarded with these tokens for their efforts.
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Maria
Fri Sep 13 2024
The CELO network employs a unique approach to incentivize validators and users who engage in on-chain governance.
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Caterina
Fri Sep 13 2024
Additionally, users who actively participate in on-chain governance activities, such as voting on proposals and making contributions to the network's development, are also eligible for these rewards.
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alexander_jackson_athlete
Fri Sep 13 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of its users.
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SejongWisdomKeeper
Fri Sep 13 2024
As a means of maintaining the network's longevity and vitality, new CELO tokens are regularly minted.
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