Is CELO deflationary?

In the realm of cryptocurrency and finance, one of the key factors investors often consider is whether a particular token or currency exhibits deflationary characteristics. Deflation, in economic terms, refers to a decrease in the general price level of goods and services over time. In the context of cryptocurrencies, deflationary tokens are designed in such a way that their supply decreases over time, potentially leading to increased value. So, when it comes to CELO, a natural question arises: Is CELO deflationary? This is a pertinent inquiry, as deflationary properties can influence investors' decisions to hold or trade a particular token. Understanding the mechanics behind CELO's supply and economic model is crucial to answering this question. If CELO indeed possesses deflationary tendencies, it may attract investors seeking long-term value appreciation. Conversely, if CELO does not exhibit deflationary characteristics, investors may consider alternative tokens with more favorable economic models. Clarifying this aspect of CELO's economics is essential for informed decision-making in the cryptocurrency market.