Validators process transactions and receive fees from users (supply-side fees).

Celo is a smart contract platform for decentralized applications (a blockchain). Celo was founded by Rene Reinsberg and Marek Olszewski and launched in 2020.

CELO holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). Celo's investors include a16z, Greenfield, Electric Capital, etc.

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Blockchains (L2)

Celo

# Celo Maximum token supply Methodology

## 1. Overview

The Celo L1 (legacy) maximum token supply metric represents the theoretical maximum number of Celo L1 (legacy) tokens that can ever exist according to the protocol's tokenomics design. This is a static value of 1 billion tokens that was established at the protocol's inception and remains constant over time. The metric provides the upper bound for token supply analysis and is essential for calculating supply utilization ratios and understanding the protocol's monetary policy constraints.

## 2. Data sources

The calculation relies on static protocol specifications rather than dynamic blockchain data:
- **Protocol tokenomics specification**: The hardcoded maximum supply of 1 billion Celo L1 (legacy) tokens as defined in the protocol's economic design
- **Mainnet launch documentation**: The official launch date of April 22, 2020 when the Celo L1 (legacy) mainnet became operational
- **Token contract parameters**: The maximum supply parameter encoded in the protocol's smart contract architecture

## 3. Step-by-step calculation

### Component A: Static supply configuration
- **Purpose**: Establishes the baseline maximum token supply value and temporal starting point
- **Logic**: Creates a single record containing the maximum supply of 1,000,000,000 Celo L1 (legacy) tokens with a timestamp of April 22, 2020 (Celo L1 (legacy) mainnet launch date). The time granularity is set to daily intervals to support time series analysis
- **Key fields**: `timestamp` set to launch date, `token_supply_maximum` set to 1 billion tokens, `timestamp_grain` set to daily

### Final aggregation
- **Temporal propagation**: The static maximum supply value is propagated forward through time using a fill-forward strategy, ensuring every day from the launch date through the present has the same maximum supply value
- **Time boundaries**: The metric begins on April 22, 2020 (mainnet launch) and continues indefinitely with daily granularity
- **Final calculation**: No mathematical operations are performed on the core value - the maximum token supply remains constant at 1 billion Celo L1 (legacy) tokens across all time periods, providing a stable reference point for supply-based analytics and ratios

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

CeloCELO

Maximum token supply

Maximum token supply

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