On January 21, Celo announced that the Celo Foundation and cLabs have officially merged into one entity, forming a unified core contribution organization, tentatively named Celo Core Co. The restructuring aims to accelerate the delivery and speed of the Celo platform by 2026 and enhance synchronization with market demand. Meanwhile, the official also stated that details regarding the CELO tokenomics upgrade (including potential buyback and burn mechanisms) will be released soon.
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Celo upgrades tokenomics, potentially including buyback or burn mechanisms
On January 21, Celo announced that the Celo Foundation and cLabs have officially merged into one entity, forming a unified core contribution organization, tentatively named Celo Core Co. The restructuring aims to accelerate the delivery and speed of the Celo platform by 2026 and enhance synchronization with market demand. Meanwhile, the official also stated that details regarding the CELO tokenomics upgrade (including potential buyback and burn mechanisms) will be released soon.