Market Data & Token Stats
| Fully Diluted Valuation | $14.44M |
|---|---|
| 24H Trading Volume | $651,821 |
| 24H Low / High | $0.9993 / $0.9998 |
| Circulating Supply | 14.45M |
| Total Supply | 14.44M |
| Max Supply | ∞ |
Key Project Information
| Categories | Stablecoins 5 more |
|---|---|
| Founder | Rene Reinsberg |
| Website | app.mento.org |
| Socials | 3 more |
| Chains | Near-protocol Ecosystem 1 more |
| Explorer | Celo 2 more |
| Contracts |
cusd......near
1 more
|
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$usdm Markets
| Name | Pair | OG Score |
|---|
About Mento Dollar
At the heart of the Celo ecosystem lies the Celo Dollar (cUSD), a stablecoin intricately woven into the fabric of the Celo blockchain's Reserve system.
Celo's Vision and Mission
Celo's vision extends beyond conventional blockchain aspirations. By focusing on mobile usability, Celo aims to tap into the burgeoning mobile economies, ranging from the digital remittance market to the gig economy and mobile point-of-sale transactions. More than just a blockchain, Celo envisions becoming a gateway for over 6 billion smartphone users worldwide to seamlessly enter the world of decentralized finance (DeFi).
Celo Dollar: A Stable Asset for Everyday Transactions
Celo Dollar, pegged 1:1 to the US Dollar, is the cornerstone of the Celo network. Designed for accessibility and ease of use, cUSD facilitates everyday digital payments, global fund transfers and borrowing within the Celo ecosystem. Its stability is bolstered by a diverse collateral pool, including Celo's native asset (CELO), BTC, ETH and other stablecoins.
The Celo Ecosystem and Community Approach
The Celo network adopts a community-centric approach, collaborating with projects that share its mission. Apps like GoodDollar, Moola and Aave built on Celo actively promote Universal Basic Income, contributing to the platform's goal of creating conditions for prosperity. Remarkably, Celo stands out as the first carbon-negative blockchain, actively participating in programs and partnerships addressing global climate change.
Key Features of CUSD and the Celo Ecosystem
The Celo ecosystem, comprising the Celo blockchain and Celo Core Contracts, operates on a modified Proof-of-Stake consensus mechanism. Noteworthy features include the Celo token (CELO), which serves as a utility token for governance and transaction fees and the platform's compatibility with Ethereum's virtual machine for seamless integration with third-party applications.
Celo Dollar in Action
CUSD finds application across various platforms within the Celo ecosystem. Notable examples include MugglePay, facilitating crypto payments for retailers; Kotani Pay, providing loans to users without access to traditional credit; and Air Protocol, enabling low-fee global transfers of cUSD.
Where to Acquire CUSD
For those looking to enter the Celo ecosystem, CUSD is available on both centralized and decentralized exchanges. Bittrex, Gate.io and KuCoin, with their high liquidity, are popular choices. The market price of CUSD fluctuates based on exchange choices and overall market conditions.
The Genesis and Team Behind Celo Dollar
Founded by a diverse team including individuals from MIT, Google, World Bank and more, Celo Dollar has a maximum total supply of 120 million CUSD. This diverse and experienced team reflects the platform's commitment to building a robust financial ecosystem.
In essence, Celo Dollar stands as a testament to Celo's mission of democratizing finance. By combining stability, accessibility and environmental consciousness, Celo Dollar not only tracks the value of the traditional USD but also paves the way for inclusive financial prosperity on a global scale. As the Celo ecosystem continues to evolve, it remains a promising frontier for those seeking a bridge between traditional and decentralized finance.
Celo Dollar (CUSD) stands out as the first carbon-negative blockchain, actively participating in programs and partnerships addressing global climate change, including collaborations with The Climate Collective.
What is unique about Mento Dollar (USDM)?
Celo Dollar (CUSD) is unique for being a stablecoin on the Celo blockchain, fostering financial inclusion through its 1:1 peg to the USD, extensive collateral support and a commitment to environmental sustainability as the first carbon-negative blockchain.
Who are the founders of Mento Dollar (USDM)?
Celo Dollar (CUSD) was founded by a diverse team, including individuals from MIT, Google, World Bank and more, contributing to its mission of creating a global financial system for everyone.
Who are the backers/investors of Mento Dollar (USDM)?
Celo Dollar (CUSD) has garnered support and collaboration from a wide range of institutions and organizations, reflecting its community-centric approach and partnerships.
Where can I buy Mento Dollar (USDM)?
You can buy Mento Dollar (USDM) on Gate.io, Uniswap V3 (Celo), UbeswapSushiswap Celo cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Mento Dollar Official Website, Mento Dollar GitHub Repository and Mento Dollar X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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