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Strike Gold by Sharing Your TradFi Orders and Pictures!
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Celo Foundation merges with cLabs to form Core Co., tokenomics upgrade coming soon
【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.