Celo's upgraded token economics may include buyback or burn mechanisms

Celo announced on platform X that the Celo Foundation and cLabs have officially merged into a unified core contribution organization, temporarily named Celo Core Co.

This reorganization aims to accelerate the delivery and speed of the Celo platform by 2026 and enhance alignment with market demand. At the same time, the official statement mentions that details regarding the upgrade of CELO token economics (including potential buyback and burn mechanisms) will be released soon.