What is Celer Network?
Celer Network is a layer-2 scaling platform that enables fast, easy, and secure off-chain smart contract and payment transactions.
Celer Network helps users quickly build, operate, and use scalable decentralized applications. To do this, Celer Network owns groundbreaking off-chain scaling techniques and designs a suitable crypto-economic mechanism for incentives.
Team Celer has launched CelerX, a testnet application to verify the fast transaction process on Celer Network.
Features of Celer Network
- Zero-fee off-chain smart contracts: Celer does not charge fees for off-chain smart contract transactions.
- Reduced on-chain costs and latency: the network can reduce transaction latency up to 10,000 times, reduce transaction fees up to 100 times for small payments on Etherum.
- Smart scalability: scale horizontally as more network participants (nodes). The network also possesses an optimal algorithm for the off-chain payment process.
- Interoperability: supports Ethereum, DFINITY and all EVM compatible blockchains.
Benefits of using Celer Network
For users
- Instant interaction: experience on decentralized applications (dApps) 10,000 times faster; offer a variety of utilities on dApps: instant payments, non-delayed decentralized exchange (DEX) transactions, gaming with millisecond latency.
- Diverse utilities: Celer is a gateway to a fascinating decentralized world with high interactivity. Applications on Celer Network are extremely rich such as instant payments, interactive games, prediction markets.
- Reduce costs, increase bonuses: users can pay micro-money to anyone with a fee of 0 USD. This means an increase in the amount of earning when using Celer Network.
For developers
- Easy to build: Celer SDK supports iOS, Android, Web platforms, no need to learn new smart contract language for existing blockchain platform.
- Expand adoption: reducing user friction with blockchain applications, making decentralized applications more popular.
- Increase earning: application developers can run a full node to join the network and earn profits.
Celer’s main products
- CelerX: a rebranded version of cWallet, allowing users to send payments instantly for $0.
- CelerX Testnet: transaction confirmation latency of only 20 milliseconds
CELR Token
The CELR token is a token of the Celer network, used for the following purposes:
- Incentives system
- Service and transaction fees for off-chain service providers
Specifications
- Ticker: CELR
- Blockchain: Ethereum
- Standard: ERC-20
- Total supply: 10,000,000,000
- Circulating supply: 5,950,000,000
Token Allocation
- Seed sale: 11.5%
- Private sale: 15.5%
- Launchpad sale: 6%
- Team: 18.3%
- Advisors: 1.7%
- Foundation: 17%
- Marketing & Ecosystem: 5%
- Mining Rewards: 25%
CELR token Price today
How to buy CELR
Celer Network (CELR) has been listed on Attlas Exchange.
Traders can easily and securely buy CELR with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find CELR
Step 5: Select Buy
Summary
This article is an overview of Celer Network (CELR), not a financial advise.
Users are advised to do their own research before making any trading decisions.