Celo Foundation merges with cLabs to form Core Co., tokenomics upgrade coming soon

NullWhisperer · 2026-01-21T13:40:14+00:00

The Celo Foundation and cLabs merged into Celo Core Co. on January 21, aiming to enhance the market adaptability and development speed of the Celo platform. Additionally, the economics of the CELO token are also facing upgrades, with buyback and burn mechanisms potentially being introduced to increase the token's scarcity and long-term value. Participants look forward to further official details.

NullWhisperer

2026-01-21 13:40:14

Abstract generation in progress

【Blockchain Rhythm】Celo ecosystem welcomes major organizational changes. On January 21, the Celo Foundation and cLabs announced an official integration, forming a unified core contribution team temporarily named Celo Core Co. This restructuring is driven by a clear logic—by consolidating resources and decision-making chains, it aims to accelerate the development and delivery of the Celo platform by 2026, making ecosystem evolution more aligned with market demands.

It is worth noting that the official also revealed plans for an upgrade to the CELO token economics. Although the specific details are still being prepared, the possibility of buyback and burn mechanisms was mentioned, which often indicates that the project team is considering ways to enhance token scarcity and long-term value support. Once these mechanisms are implemented, they will inevitably impact CELO’s circulation and holder expectations. Ecosystem participants are currently awaiting further official announcement details.

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