CELO Tokens.... Thoughts?

Salam Gents,

I would like any informed opinions on the permissibility of investing in CELO tokens. As I understand CELO is a global cryptocurrency payment platform and the CELO TOKEN (separate from the platform) is a governance asset to vote for changes to the protocol.

Has anyone researched CELO? Are there any major issues with the protocol or business model to either investing in the CELO platform or the tokens?

(Please note I am not asking for a screening or whether its halal or haram… just any major issues that I should be aware of and should further research)


Please note that we don’t screen tokens on this forum. We have our IFG Halal Crypto List (https://www.islamicfinanceguru.com/crypto/), where we share our own sharia screening of the top 50 cryptocurrencies. Check it out!