Celer Network (CELR)

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Celer Network (CELR) is a cryptocurrency founded by Mo Dong, Junda Liu, Xiaozhou Li, and Qingkai Liang in 2019. The project describes itself as ‘the most advanced layer-2 scaling platform that brings interactive, secure and low-cost applications to every blockchain’.

The cryptocurrency project sets out to be a leading second-layer scaling platform that enables fast, easy and secure off-chain transactions for payments as well as off-chain smart contract computations. Celer Network boasts a 20,000X reduction on transaction latency, Zero transaction fees for off-chain smart contracts, and novel crypto economics that solve liquidity, availability, and connectivity challenges. Moreover, Celer Network has an app called CelerX where users can play skill-based games and earn crypto prizes. The app reportedly accelerates traditionally slow blockchain functions and allows users to play in the blockchain gaming world instantly without paying any gas fees.

Celer Network is the third project to launch on Binance’s IEO (initial exchange offering) platform, Binance Launchpad. The token sale was held in March 2019 where 597,014,925 CELR tokens were sold for a total of $4 million. The IEO was for retail investors where the minimum purchase amount was $20 and maximum purchase amount was $1500. In addition to the Celer Network IEO, $30 million was raised privately during the seed and private sales. The CELR token has a maximum and total supply of 10,000,000,000 CELR and a circulating supply of 3,151,544,341 CELR. 

As for the CELR token allocation, 1.7% is held by Celer Network advisors, 5% is held for marketing and ecosystem, 6 % was sold in the IEO, 11.5% was sold in the seed round, 15.5% was sold in the private round, 17% is held by the Celer Network foundation, 18.3% is held by the team, and 25% is reserved for mining rewards. 

Zk Rollups: The Future of SBC

11 Feb 2023 2 minute read 5 comments Fabrynar.

February 2023 is shaping up to be an exciting time for the cryptocurrency market, with the latest trend being Zk Rollups. This new technology has the potential to revolutionize the way we trade and manage our digital assets. In this blog post, we'll...

Celer Network cBridge Shut Down Due to Suspected DNS Hijacking

19 Aug 2022 3 minute read 0 comments kev_nag

“Interoperability protocol Celer Network has asked its users to revoke the approval for several contracts after shutting down its cBridge over a suspected Domain Name System (DNS) hijacking. According to the project’s initial analysis, there was susp...

How to Use Celer Bridge to BNB, Avalanche, Polygon, Arbitrum, Flow, Oasis, Metis, Celo, Heco, Clover, Ape Chain, OKXChain, Moonbeam, Conflux, Crab Smart Chain, Kava, REI Network, Shiden, Kava EVM Co-Chain, SX Network, Swimmer Network, PlatON, Gnosis Chain

17 Jun 2022 3 minute read 0 comments Charles Gune

What is cBridge? cBridge is a cross-chain token bridging with deep liquidity for users. It is highly efficient and easy-to-use liquidity management for both cBridge node operators and Liquidity Providers who do not want to operate cBridge nodes. It...

Kromatika — Celer AMA Recap

19 May 2022 7 minute read 0 comments Kromatika

On February 17th, 2022, core contributor Aristokrates joined in an AMA on Celer Network's official Telegram channel to give fruitful information about the key features and roadmap of Kromatika, alongside announcing the additional liquidity farming re...

This Is Why Celer Network Can Be Once Again The Biggest Gainer Of 2022 | CELR Price Prediction 2022

31 Jan 2022 1 minute read 0 comments moon333

  If you like the video then don't forget to upvote/tip and share, thanks   You can also support my work at Patreon for more ideas: https://www.patreon.com/moon333   In order to play and watch the current performance of the chart you need at least a...

Celer Network Is About To Make Another Attempt For Big Breakout | CELR Price Prediction 2022

16 Jan 2022 1 minute read 0 comments moon333

  Don't forget to upvote/tip and share the post, thanks   You can also support my work at Patreon for more ideas: https://www.patreon.com/moon333   In order to play and watch the current performance of the chart you need at least a free account on t...

Celer Network (CELR) Making Another Attempt For Big Breakout Right Now!!!

28 Dec 2021 1 minute read 0 comments moon333

  Hi friends hope you are well, and welcome to the new update on Celer Network (CELR) token.Reached the resistance of a channel:On daily time frame, CELER has reached the resistance of a long-term channel. Daily SMAs:On daily time frame priceline o...

Celer Network (CELR): Price Updates, Technical analysis, Recent Developments, Future Events, Community

12 Nov 2021 4 minute read 0 comments DailyCoin

Visit DailyCoin for more articles Layer-2 scaling platform Celer Network has launched its cBridge 2.0, promising better performance The original cBridge recently crossed $800 million in total cross-chain transaction volume The Celer Network curr...

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27 Sep 2021 2 minute read 2 comments 0xJonnyDee

In this article, I will break down the five biggest altcoin movers and shakers from the previous week. Will their momentum continue this week? You can find out below. Please note, that these are projects in the top 100 marketcaps, there are others wh...

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25 Sep 2021 3 minute read 0 comments excelencia

Started tuesday , september 14 2021, Excelencia's first action in the morning is to open livecoinwatch.com to see the coin charts , especially the first 100 tickers in Market Capitalization, to learn more about these projects and to see which ones ha...