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Celo Foundation merges and reorganizes with cLabs, tokenomics upgrade imminent
【ChainNews】Celo’s two major core operating entities are making a big move—Celo Foundation and cLabs officially announce their merger, and the two parties will be integrated into a unified core contribution organization, tentatively named Celo Core Co. The logic behind this restructuring is clear: to accelerate the delivery schedule of the Celo platform by 2026 and better align with market demand rhythms. In simple terms, it aims to eliminate internal friction and improve execution efficiency through organizational integration.
Even more exciting is that the details of the CELO tokenomics upgrade are about to surface. This upgrade involves mechanisms such as buybacks and burns, which could lead to significant adjustments in the long-term supply logic of the token. The industry generally expects that such deflationary mechanisms will support the token’s value. The specific plan design and implementation timetable will have to wait for further official disclosures.