Celo Upgrade to Tokenomics to Potentially Include Buyback or Burn Mechanism

BlockBeats News, January 21st, Celo announced that the Celo Foundation and cLabs have formally integrated to form a unified core contribution organization, tentatively named Celo Core Co. This restructuring and integration aim to accelerate the delivery and velocity of the Celo platform by 2026, enhancing alignment with market demand.

At the same time, the officials stated that details regarding the CELO tokenomics upgrade (including a potential buyback and burn mechanism) will be released soon.