Celo Upgrades Tokenomics to Include Buyback or Burn Mechanism

Odaily News Celo announced that the Celo Foundation and cLabs have officially merged into one, forming a unified core contributor organization tentatively named Celo Core Co. This restructuring and integration aims to accelerate the delivery and speed of the Celo platform by 2026, enhancing its alignment with market demands. Meanwhile, the official announcement stated that the detailed rules for the CELO tokenomics upgrade (including potential buyback and burn mechanisms) will be released soon.