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Top 3 Celo Ecosystem Tokens

Popular Cryptocurrencies in the Celo Blockchain Ecosystem.

1) Celo (CELO & cUSD)

Celo is a blockchain ecosystem that enables the creation of decentralized applications and smart contracts. A decentralised finance player pursuing smartphone led crypto adoption by utilising phone numbers as public keys, Celo intends to become a bridge into the world of digital assets for the unbanked. Celo blockchain is said to be optimized for mobile. Celo has two native tokens, CELO, a proof-of-stake digital asset whose main utility is affording users reduced transaction fees and participating in ecosystem governance. CELO tokens can be traded on exchanges like Binance and OKEx.


According to Celo, its blockchain code has shared ancestry with Ethereum, and for smart contracts it’s said to maintain full EVM compatibility. Celo doesn’t use the Proof-of-Work system like Bitcoin. Instead, it uses a Byzantine Fault Tolerant (BFT) consensus mechanism. 

Celo also comes with different gas payment and pricing mechanisms, block formats, transaction formats, client synchronization protocols. 

The Celo Wallet app makes it possible for end users to manage accounts and make payments in a secure manner. CELO tokens are the blockchain utility tokens while Celo Dollars (cUSD) on the other hand, is a stablecoin on the Celo blockchain that is ERC 20 compatible and pegged to the US dollar. Users of cUSD have the opportunity to experience faster and cheaper transactions on mobile. cUSD can be traded on exchanges such as Bittrex and KuCoin

2) Ankr (ANKR)

Initially a solution that makes use of shared resources to provide easy and cost-effective blockchain node hosting solutions, Ankr is building a framework that makes Distributed Cloud Computing possible by providing a computation-resource-efficient Proof of Useful Work (PoUW) blockchain and an integrated data feed system. The protocol operates on SGX-enabled CPUs that have remote attestation to provide greater security. In the block validation process, Ankr utilizes verification nodes. Ankr also aims to provide business applications with user-friendly infrastructure by leveraging both blockchain and trusted hardware.


Ankr also has a multi-chain plasma implementation that makes it possible for a variety of applications to handle application-specific smart contracts on individual side chains. This ultimately helps to prevent transactions from overloading the PoUW-based main chain.

With the Native Oracle Service (NOS) authenticated data feeds can be provided through leveraging both cryptographic primitives and the trusted execution environment. By utilising a standardized API to port data from existing websites, NOS makes real-world adoption by businesses seamless. 

Ankr has a vision to build an infrastructure platform and marketplace for Web3-stack deployment that makes it possible for resource providers and end-users to connect to blockchain technologies and decentralised finance applications. ANKR tokens come in the form of ERC-20 and BEP-20 tokens that provide access to functions on the Ankr blockchain. The tokens can be traded on centralised exchanges such as Huobi, Upbit, and Bithumb or decentralised exchanges such as Uniswap

3) Coin98 (C98)

A DeFi platform that aims to be a gateway that bridges traditional finance users to any DeFi services across multiple blockchains. Coin98 offers a wallet which allows users to store, send, receive and manage digital assets and connect to different decentralised applications on several blockchains. It also offers an exchange and a cross-chain bridge called Space Gate which is essentially a cross-chain bridge that makes swapping and transferring values across multiple networks possible. Token swaps between ERC20 tokens, BEP20 tokens, SPL tokens are all supported.

Coin98 supports blockchains such as Ethereum, Avalanche, Binance Smart Chain, Ethereum, Polygon, Solana, Terra, Tron and others on Chrome extension versions and on mobile (iOS & Android). 

Coin98 Exchange acts as a multichain liquidity aggregator that makes it possible for users to stake, swap, lend, borrow, and earn interest on digital currencies with competitive rates and low slippage.

Supported on Ethereum, Binance Smart Chain and Solana, and existing as ERC-20, BEP-20 and SPL tokens, C98 tokens can be traded on exchanges such as FTX, Huobi, Binance and others. 


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