Celo (CELO)
Unlock Schedule
Celo (CELO) Token Unlock & Vesting Schedule
As of October 25, 2026, 608.42 million of the 1 billion CELO (60.84%) have been released. The schedule is ongoing, with no final release date.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
What CELO does
CELO has a maximum supply of one billion tokens. Tokens have been set aside over time for purposes including community activity and network incentives, so the amount available to holders has changed as distributions take place. CELO’s main uses are paying eligible network fees, taking part in governance, and participating in Celo’s staking system. Holders can lock tokens and use their voting power on proposals, including decisions about community funding and network parameters. (coingecko.com)
Its role has evolved with the move to layer 2. Before that move, Celo relied on its own proof-of-stake validators to secure an independent chain. As a layer 2, its security and operating roles have a different relationship with Ethereum. Celo’s staking and governance tools still give token holders a way to participate, but CELO’s role should be understood in the context of the current network rather than its original design alone. (forum.celo.org)
In 2026, Celo began directing net revenue from its transaction-ordering system, called the sequencer, to a community fund governed by CELO holders. Fees collected in stablecoins can be converted into CELO for that purpose. This links some network activity to community-controlled resources, while governance decides how those resources are used. (forum.celo.org)
Assumptions
Celo allocated 600 million CELO at its 2020 launch and reserved 400 million for epoch rewards; its reported token-contract total became one billion at the March 2025 L2 migration. The chart can show genesis creation, estimated supply growth between the available historical totals, reserve unfreezing, and several dated releases from the L2 treasury. The estimate across migration cannot distinguish final L1 rewards from the migration mint, while many purchaser, contributor and grant payments lack verified dates. Epoch rewards, treasury decisions and recycled sequencer revenue remain open-ended, so the future release chart is incomplete.
- Pre-launch sales purchasers — approximately 12.5% of the maximum: Releases depend on recipients claiming tokens or on grants being awarded.
- Pre-launch sales purchasers — approximately 12.5% of the maximum: The sources give the amount but no release dates.
- Team, advisers, founders and other contributors — approximately 18.5% of the maximum: The sources give the amount but no release dates.
- Genesis-funded portion of community grants — approximately 9.5% of the maximum: Releases depend on future governance or treasury decisions.
- Operational grants — 7.5% of the maximum: Releases depend on future governance or treasury decisions.
- PoS epoch rewards, including community and carbon-fund shares — 40% of the maximum: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Community-grants share within PoS epoch rewards — 10% of the maximum: Releases depend on future governance or treasury decisions.
- Carbon-neutral fund budget — 0.2% of the maximum: Releases depend on future governance or treasury decisions.
- CGP 38 Celo Ecosystem Treasury allowance — 0.3% of the maximum: Releases depend on future governance or treasury decisions.
- CGP 106 cLabs CEL2 project grant — approximately 0.277% of the maximum: Releases depend on recipients claiming tokens or on grants being awarded.
- Stabila Foundation CGP 132 budget — 0.5% of the maximum: The original schedule was changed and the new timing is not yet published.
- Stabila Uniswap liquidity incentives, reported deployments: The sources give the amount but no release dates.
- Stabila CGP 162 Aave CELO support — 0.2% of the maximum: The sources give the amount but no release dates.
- Aave user incentives from CGP 162 — 0.1% of the maximum: The sources give the amount but no release dates.
- Aave user incentives from CGP 162 — 0.1% of the maximum: Releases depend on recipients claiming tokens or on grants being awarded.
- Prezenti Season 3 restricted CELO reserve — 0.06% of the maximum: Releases depend on recipients claiming tokens or on grants being awarded.
- L2 sequencer revenue transferred to the Community Fund: Releases depend on future governance or treasury decisions.
- 1. https://blog.celo.org/understanding-cgld-allocation-estimated-circulating-supply-over-time-f08a063a23ad
- 2. https://docs.google.com/spreadsheets/d/1slQ5jzBwPhuneKm1TuwbG4EPdfpYVw62Hs9V6S479iA/edit?usp=sharing
- 3. https://docs.celo.org/operate/specification/smart-contract-updates-from-l1
- 4. https://docs.celo.org/home/protocol/epoch-rewards/index
- 5. https://docs.celo.org/home/protocol/celo-token
- 6. https://mondo.celo.org/governance/6
- 7. https://mondo.celo.org/governance/102
- 8. https://forum.celo.org/t/celo-community-fund-and-proposal-allocations/2546
- 9. https://forum.celo.org/t/returning-home-to-ethereum-the-launch-of-celo-l2-mainnet/10466
- 10. https://forum.celo.org/t/the-great-celo-halvening-proposed-tokenomics-in-the-era-of-celo-l2/9701
- 11. https://forum.celo.org/t/celebrating-celo-s-five-years-vision-2030-a-trillion-dollar-onchain-economy-built-on-celo-a-battle-for-crypto-s-soul/11041
- 12. https://forum.celo.org/t/stabila-foundation-progress-report-may-2024-june-2025/11579
- 13. https://mondo.celo.org/governance/305
- 14. https://forum.celo.org/t/initiating-ongoing-celo-chain-revenue-transactions/13494
- 15. https://forum.celo.org/t/epoch-manager-bug-resolution-and-mento-reserve-rebalancing/12467
- 16. https://mondo.celo.org/governance/cgp-207
- 17. https://governance.aave.com/t/arfc-aave-deployment-on-celo/17636?page=2
- 18. https://github.com/celo-org/governance/blob/main/CGPs/cgp-0106.md
- 19. https://mondo.celo.org/governance/302
- 20. https://github.com/celo-org/governance/blob/main/CGPs/cgp-0247.md
- 21. https://mondo.celo.org/governance/304
- 22. https://mondo.celo.org/governance/287
- 23. https://mondo.celo.org/governance/311
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 3 markets on Binance, OKX and Hyperliquid · $2.4M open interest
 Binance (CEX) | 420K | 21K/31K |
 Bybit (CEX) | 80K | 15K/18K |
 OKX (CEX) | 71K | 13K/16K |
 Kraken (CEX) | 22K | 5.6K/17K |
 Coinbase (CEX) | 21K | 34K/12K |
 HTX (CEX) | 21K | 40/1.6K |
 Bitget (CEX) | 21K | 34K/40K |
Binance (CEX) | 8.8K | 6.3K/7.6K |
 Gate.io (CEX) | 5.8K | 23K/18K |
 KuCoin (CEX) | 3.8K | 2.6K/3.6K |
Kraken (CEX) | 1.1K | 964/9.2K |
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 391,577,510 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Estimated from the last observation onward: about 13,998,095 per day (426,067,024 per month), the rate between the observations of 5 March 2025 and 26 March 2025.
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 3 markets on Binance, OKX and Hyperliquid · $2.4M open interest
Binance (CEX) | 420K | 21K/31K |
Bybit (CEX) | 80K | 15K/18K |
OKX (CEX) | 71K | 13K/16K |
Kraken (CEX) | 22K | 5.6K/17K |
Coinbase (CEX) | 21K | 34K/12K |
HTX (CEX) | 21K | 40/1.6K |
Bitget (CEX) | 21K | 34K/40K |
Binance (CEX) | 8.8K | 6.3K/7.6K |
Gate.io (CEX) | 5.8K | 23K/18K |
KuCoin (CEX) | 3.8K | 2.6K/3.6K |
Kraken (CEX) | 1.1K | 964/9.2K |