Launching the CELO Tokenomics Initiative: Designing the Next Era Together

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IMHO we need to implement a couple of changes that value:

  • CELOs high number of users
  • CELOs long-term investors and supporters
  • CELOs increasing daily throughput
  • CELOs attempt to become the leading and most inclusive financial global network

For this, we should change CELOs tokenomics by

  • ending the dilution (burn the locked 400M CELOs)
  • Implementing a buyback-and-burn mechanism in order to make the system deflationary
  • Encouraging onchain Holding and trading of CELO by adding CELO-trading to MiniPay

Ideally

  • every CELO/MiniPay user should hold at least a tiny amount of CELO/„part of the network“
  • the amount of CELOs continuously decreases
  • Network fees are sufficient to Cover Ethereum-costs, staking rewards, carbon offset, buyback-and-burn, cLabs-support and Investment grants
  • Long-Term CELO holders and supporters will finally have the Financial capacities to use their Knowledge of the ecosystem and invest in/build the „second layer“ (RWAs) of the ecosystem.
  • a good amount of CELOs will be bridged to Ethereum and made available for long-Term ETH-Investors onchain.

WAGMI!

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