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Celo upgrades tokenomics, potentially including buyback or burn mechanisms
BlockBeats News, January 21 — Celo announced that the Celo Foundation and cLabs have officially merged into one entity, forming a unified core contribution organization tentatively named Celo Core Co. This restructuring aims to accelerate the delivery and speed of the Celo platform by 2026 and enhance synchronization with market demand.
Meanwhile, the official said that details regarding the upgrade of the CELO tokenomics (including potential buyback and burn mechanisms) will be released soon.