How many total celo coins are there?

The total supply of Celo coins is 1 billion, which is divided into: circulating supply, supply to be released, community reserve, and stable reserve. The total supply is controlled through minting and burning mechanisms, and annual inflation is expected to be approximately 2%. The initial token distribution is as follows: 47% for main sales, 21% for core contributors, 20% for community reserves, 10% for stable reserves, and 2% for strategic partners.

Total amount of Celo coins

Total amount: 1 billion coins

Details:

The total supply of Celo coins is 1 billion, divided into the following categories:

• Circulating supply: About 460 million CELOs are currently circulating in the market.
• Supply to be released: Approximately 390 million CELO have not yet been released into the circulating supply.
• Community Reserve: Approximately 84.1 million CELO have been allocated to the Celo Foundation and other community initiatives.
• Stability Reserve: Approximately 64.9 million CELO have been designated to stabilize the Celo network’s stablecoin Celo USD (cUSD).

Minting and Burning:

The total supply of Celo coins is controlled through the minting and burning mechanism. When a user creates a new Celo account, a small amount of CELO is minted. CELO is burned when it is used to pay for transaction fees or for validator staking.

Inflation Rate:

Celo’s inflation rate is expected to be approximately 2% per year. This will gradually increase the circulating supply by releasing unallocated Celo coins. However, the burn mechanism is designed to reduce the inflation rate over time.

Token Distribution:

The initial token distribution of Celo Coin is as follows:

• 47%: Main Sale
• 21%: Core Contributors
• 20%: Community Reserve
• 10%: Stable Reserve
• 2%: Strategic Partner

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