Celo Foundation Announces the Launch of Mainnet

 

The Celo Foundation reports the release of Celo Mainnet enabling Celo Gold transfers.

As Celo Foundation states in a blog post, transfers of Celo Gold (cGLD) can now be implemented via on-chain governance, which means that exchanges can freely integrate with the platform.

In an announcement, The Celo Foundation has emphasized that the release of Mainnet has become possible due to “the commitment, passion, expertise, and engagement of over 100 independent validators around the world.”

Few days back, to execute the mission of Celo, the Foundation held an auction to provide people around the globe an option to join & take part in the Celo community pre-launch. During the auction, Celo Foundation raised $10 million. The auction had a total number of 3,996 registrations & 761 bids from 132 different countries worldwide. The average bid price was set over $5.02 USD.

The Mainnet release is the next phase of the 1st stage of Celo mainnet release going live during the previous month. The foundation has an intention to bring off-chain prices for cGLD on-chain through a series of Oracles, make Celo Dollars go live, as well as release of the Mainnet wallet.

 

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