XDAO Now Live On Celo
An integration into the Celo blockchain was successfully finished.
5 reasons why you should create a DAO on Celo
- Excellent transaction speed;
- Low gas price;
- Unique and rapidly developing ecosystem.
Web3 has no boundaries, that is why XDAO is heading into the multichain, and Celo merits special attention here.
Celo is a mobile-first, carbon-neutral blockchain that enables anybody with a mobile phone to access decentralized financial (DeFi) tools and services.
A mobile phone is used by 40% of XDAO users to govern their organizations. We understand how important it is for the Celo ecosystem to be easily accessible and handy. This is a significant benefit for XDAO because we also support desktop and mobile.
Celo is eco-friendly. According to the whitepaper, the average monthly carbon offset is only 65.7 tons.
The transaction speed is very outstanding; mining the block on Celo takes roughly 5 seconds. At the same time, transaction fees are incredibly minimal when compared to any other blockchain. On Celo, the cost of creating a DAO is less than one penny. It’s hard to believe until you see it for yourself.
Creating a DAO on Celo will cost less than 1 cent.
Celo’s EVM compatibility enables developers to effortlessly deploy their DeFi protocols; hence, we can anticipate a large number of applications being implemented here. The entire protocol list may be seen on DefiLlama.
Create and mange your DAO on Celo
Nothing but desire is required to build your own DAO!
In the XDAO documentation, you can learn how to establish and govern a DAO. You may also utilize protocols to invest on behalf of your DAO by using XDAO Connect, as shown in the screenshot below. XDAO will link your DAO to DeFi protocols, which are already implemented on Celo. This procedure is described in full here.
Create a DAO to trade, earn, buy NFTs on Celo. Go to https://xdao.app/ and explore all the opportunities. We are always excited to welcome new faces in our community, so please join us on Telegram and Discord. Share your knowledge and look for DAOs to join!