Celer Network PriceCELR

What is Celer Network (CELR)?

Celer Network (CELR) is a blockchain interoperability protocol designed to enable a one-click user experience when accessing tokens, DeFi, GameFi, NFTs, and governance across multiple chains. Built on the Ethereum platform, CELR functions as the native protocol token of the network. The project positions itself as a coherent layer-2 scalability platform with multi-chain and cross-layer support, combining State Channel and Layer-2 Rollup technologies to deliver scalability. Celer Network aims to help blockchains achieve internet-level scalability through off-chain scaling techniques and incentive-aligned cryptoeconomics. The network supports a full stack of decentralized applications, including gaming, online auctions, insurance, prediction markets, and decentralized exchanges. With a maximum supply of 10 billion CELR and approximately 7.82 billion tokens in circulation, representing about 78% of max supply, Celer Network continues to develop its inter-chain messaging framework and asset bridge infrastructure.

Key Specifications & Tokenomics

• Name: Celer Network
• Ticker / Symbol: CELR
• Platform / Blockchain: Ethereum
• Category: DePIN, DeFi, Zero Knowledge Proofs
• Total Supply: 10,000,000,000 CELR
• Max Supply: 10,000,000,000 CELR
• Circulating Supply: 7,817,424,106.9912 CELR
• % of Max Supply Circulating: 78.17%
• Fully Diluted Valuation: $20.06M
• Unlocked Market Cap: $19.28M
• CertiK Rating: 4.6
• Holders: 46.14K
• Official Website: https://celer.network/
• Whitepaper: https://im-docs.celer.network/developer/celer-im-overview
• Explorers: etherscan.io

Who created Celer Network?

Celer Network was founded in 2018 by a team of engineers with highly technical and specialized experience. All four co-founders hold PhDs in Computer Science from leading universities. Dr. Mo Dong received his PhD from UIUC and was a founding engineer and product manager at Veriflow, focusing on network formal verification. Dr. Junda Liu earned his PhD from UC Berkeley, joined Google in 2011 to build datacenter networking infrastructure, and was a founding member of Project Fi mobile service. Dr. Xiaozhou Li received his PhD from Princeton University, with research published at premier venues in distributed systems, networking, storage, and data management, becoming core components of Google TensorFlow, Intel DPDK, and Barefoot Deep Insight. Dr. Qingkai Liang earned his PhD from MIT, focusing on learning and control problems in networked systems, with research applied at Raytheon BBN Technologies and Bell Labs. The team also includes eight additional members, most of whom are blockchain developers.

How does Celer Network work?

Celer Network operates through a combination of off-chain scaling techniques and layered architecture. The core technology includes the Celer Inter-chain Messaging Framework, which fundamentally changes how multi-blockchain dApps are built by pairing Message Bus contracts deployed on different chains with the State Guardian Network, a Tendermint-based relayer blockchain. This allows developers to build inter-chain-native dApps with efficient liquidity utilization, coherent application logic, and shared states. The cStack architecture consists of four layers: cApps for scalable and private applications, cRoute for trust-free state routing resistant to failure, cOS as the development framework handling storage and dispute resolution, and cChannel as a sidechain suite maximizing liquidity and supporting rapid state transitions. The network also includes cBridge, a decentralized and non-custodial asset bridge supporting token transfers across more than 40 blockchains and layer-2 rollups.

What makes Celer Network unique and valuable?

Celer Network distinguishes itself through its coherent layer-2 scalability platform that combines State Channel and Layer-2 Rollup technologies. The project claims its network will scale to billions of transactions per second, achieving internet-level scalability by processing transactions off the blockchain, with throughput limited only by the number of nodes in the network. The Celer IM SDK enables developers to build inter-chain-native dApps rather than deploying multiple isolated copies of smart contracts on different blockchains. The State Guardian Network provides economic security for Celer IM through CELR staking. The cBridge has processed more than $14 billion in cross-chain asset transfer volume for over 540,000 unique users. The network supports a diverse range of applications including cross-chain yield farming, one-click cross-chain swaps, metaverse games using items from multiple chains, cross-chain governance, and NFT bridging, all accessible through a single-transaction user experience from a single chain.

What is Celer Network used for?

The CELR token serves as the protocol token for Celer Network and is used as a staking token in the State Guardian Network to ensure the economic security of Celer IM. Several additional uses are planned for the CELR token, including Proof of Liquidity Commitment, a mining process designed to maintain liquidity where users lock up CELR for a period and are rewarded with additional CELR tokens. Liquidity Backing Auction is another planned mechanism allowing off-chain liquidity backing. The Celer Network platform supports a wide range of dApps including gaming, online auctions, insurance, prediction markets, and decentralized exchanges. Developers can use the Celer Inter-chain Messaging SDK to build cross-chain yield farming applications, one-click cross-chain swaps, metaverse games, cross-chain state synchronization, cross-chain fee aggregation, token bridging, cross-chain liquidity provision and management, NFT bridging, cross-chain NFT bidding and purchasing, cross-chain NFT collateralization, and cross-chain governance.

How Is the Celer Network ecosystem developing?

The Celer Network ecosystem continues to expand through its inter-chain messaging framework and asset bridge infrastructure. The cBridge supports token transfers across more than 40 blockchains and layer-2 rollups and has processed over $14 billion in cross-chain asset transfer volume for more than 540,000 unique users. The network is listed on the Chainlink Ecosystem as a coherent layer2 scalability platform. Developers can build inter-chain-native dApps using the Celer Inter-chain Messaging SDK, gaining access to efficient liquidity utilization, coherent application logic, and shared states. The platform supports dApps across gaming, online auctions, insurance, prediction markets, and decentralized exchanges. Cross-chain governance is among the use cases enabled by the Celer IM SDK. The project has released its whitepaper in June 2018 and continues to develop its technology stack and expand into more blockchains and layer-2 solutions.

How to mine Celer Network?

Celer Network does not use traditional proof-of-work mining. Instead, CELR tokens are used as staking tokens in the State Guardian Network to ensure the economic security of Celer IM. The network plans to implement Proof of Liquidity Commitment, a mining process designed to maintain liquidity where users lock up CELR for a period of time and are rewarded with additional CELR tokens. Liquidity Backing Auction is another planned mechanism that will allow off-chain liquidity backing. The State Guardian Network is a Tendermint-based relayer blockchain that works with Celer's Message Bus contracts deployed on different chains to send messages or invoke smart contract functions cross-chain. CELR holders can participate in staking to contribute to network security and stability while potentially earning rewards through these mechanisms.

How to keep your Celer Network Coin safe?

Keeping your CELR tokens safe requires following standard cryptocurrency security practices. Since CELR is an Ethereum-based token, it can be stored in compatible wallets that support ERC-20 tokens. Always verify contract addresses before interacting with any token. Use hardware wallets for long-term storage of significant holdings, as they keep private keys offline and protected from online threats. Enable two-factor authentication on any exchange accounts used to trade CELR. Be cautious of phishing attempts and only use official websites and verified platforms. Celer Network's contract address on Ethereum is 0x4f92...81c667 as listed on CoinMarketCap. The project has a CertiK rating of 4.6 with audits listed, providing some assurance regarding smart contract security. Never share your private keys or seed phrases with anyone, and consider using multiple wallets to diversify risk.

How to buy Celer Network Coin?

CELR is listed on various cryptocurrency exchanges and can be purchased through regulated trading platforms. For a secure and liquid trading experience, using a major regulated platform like BTCC is recommended.

Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.

Deposit Funds: Deposit fiat currency via bank transfer, card, or third-party payment, or transfer USDT from an external wallet into your BTCC account.

Start Trading: Go to the trading page and search for the spot trading pair CELR/USDT or the perpetual contract CELRUSDT.

Place an Order: Enter the amount of CELR you wish to purchase and submit the order. For contract trading, you can also choose to go short and adjust the leverage multiplier according to your strategy and risk tolerance.

Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.