According to Hufu’s official announcement, Hufu Hoo will open Celo panic buying from 15:00 on May 1 to 15:00 on May 3 (UTC + 8). Celo adopts Dutch auction rules in Coinlist, with a reference price of 1-12 US dollars. Hu Fu said that as the first trading platform to provide subscription channels for mainland investors, it will be distributed to users cGLD futures tokens in proportion to the final closing price after the project is subscribed. Celo was designed by the venture capital company cLabs and is mainly dedicated to using blockchain technology to create a global financial system and realize inclusive finance. There are 50 founding members of the Celo alliance, including Libra supporters Anchorage, Bison Trails Co., Coinbase Ventures, Macy’s Department Store, a16z, etc.