After seeing this chart, people have been asking me what @Celo's token economics looks like.
Like any native asset, CELO can be used to pay for gas on the chain, which creates buying demand for the asset. Of course, users can also pay in USDT, USDC, or cUSD and when people do so, these assets get converted under the hood into CELO using a DEX, creating more buying pressure.
CELO is also a staking asset, so you can earn a reward by locking it for 3 days. We've found that 3 days is long enough to reduce selling pressure, but short enough that locking it doesn't feel overly onerous or risky.
Finally, unlike some other prominent projects, our labs entity, @cLabs, is a non-profit non-stock company so there is no fiduciary duty for cLabs (or the Celo Foundation for that matter) to generate revenue at the expense of protocol revenue.
Everything we do is in service of the long term success of the network and the CELO asset.
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