Celer Network - Bringing interoperability to crypto
Celer is your bridge to everything crypto.
Concise Crypto
June 01, 2022
Celer Network (CELR)
What is Celer Network?
Celer Network is a Layer2 protocol used to enhance the throughput of other blockchains. Instead of being aimed at end-users, it is aimed at developers. It is comprised of different platforms and layers, and works for Ethereum, Binance Smart Chain, and xDai.
Why does Celer Network have value?
Celer Network facilitates the development of decentralized applications (Dapps) and, for the end user, it means that all the applications they might use are compatible, and running within the same network.
What are the Pros of Celer Network?
● Increases the throughput of traditional blockchains.
● Fees are low because transactions are conducted on a Layer2.
● CELR token can be staked for profit.
What are the Cons of Celer Network?
● There are other scalable EVM-compatible and Layer2 protocols with a higher success.
What are CELR’s tokenomics?
The maximum supply of CELR is 10 billion. 25% goes to mining rewards; 20% were allocated to the development team and advisors; 33% were sold in the different token sales; 17% were given to the Celer Foundation; and 5% to fund marketing and ecosystem efforts.
Who founded Celer Network?
Mo Dong, Junda Liu, Xiazhou Li, and Qingkai Liang.
Who are Celer Networks investors?
Celer Network has conducted five funding rounds, including an Initial Coin Offering. The main investors are IOSG Ventures, Cognisa Capital, Papership Capital, Elysium Venture Capital, BlockVC, Consensus Lab, INBlockchain, Chain Capital, and MW Partners Group.
Concise Crypto Grade:
B+ :Interoperability is the name of the game for Celer and they are doing a good job of accomplishing their goals. Right now, they support over 32 different chains and over 120 different tokens. The great thing about Celer is that they are making it easy for developers to build the future of finance while being chain agnostic. You can deploy your Dapp on Polygon or Optimism and have access to users and liquidity for each. We are in the opening stages of interoperability for chains, but Celer is off to a great start.
Where can I buy CELR?
Binance, Gate.io, Bithumb, OKEx, LBank, Crypto.com.
What ecosystem does Celer Network run on?
Ethereum