Celo Foundation Chairperson Rene said in a post that the CELO token economic model will be upgraded to consider introducing token repurchase and destruction mechanisms to improve the long-term economic structure. It said that as network activity grows, the existing model needs to be redesigned to better accommodate the increasing demand for transaction fees.
The upgrade process will be carried out in four stages: first, an open call for comments at the Celo Forum, followed by the participation of researchers, token economists, and eco-contributors in the following weeks; followed by research modeling; the third stage is a community review; and finally through a governance process. The entire process will be carried out in a fast-moving, transparent, and community-driven manner, led by the Celo Foundation and cLabs.
Celo plans to upgrade the token economy model to a public solicitation of opinions, and plans to introduce a repurchase and destruction mechanism
2025-12-10 03:55:17
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