Celer Network Announces Token Sale on Binance Launchpad

3 min read


March 5, 2019 — We are thrilled to announce that Celer Network is launching a token sale on Binance Launchpad, the exclusive token launch platform helping transformative blockchain startups raise funds needed to develop its products aiding in cryptocurrency adoption and provides them with Binance’s advisory resources and access to its ecosystem. To pre-register, please visit the Launchpad website here.


Celer Network makes it possible, for the first time, to build, operate and use highly interactive and low-cost decentralized applications that match the user experience of centralized applications. Celer Network enables instant, easy and secure blockchain transactions through innovations in blockchain-agonistic layer-2 scaling technology and incentive-aligned crypto-economics designs.

Celer Network’s testnet already allows Ethereum transactions and finality latency to be 20,000X faster with zero-fees which revolutionize the user experience for blockchain use cases including interactive gaming, decentralized derivative exchange, micro insurance, decentralized electricity power exchange, decentralized Internet services, general pay-per-use services, non-custodial financial assets exchange and more. In early February, along with the Sirius testnet launch, Celer Network released CelerX, the FIRST AND ONLY layer-2 application platform on iOS and Android. Backed by the most advanced off-chain scaling platform, CelerX users can try out instant and zero-fees payment, and a skill-based Gomoku game.

“The lack of valuable solutions and good user experiences of blockchain-based technologies are caused by its limited scalability possibilities which have been a major hurdle towards unlocking its significant adoption potential to date,” said Binance CEO and Founder, Changpeng Zhao (CZ). “Celer is currently at the forefront of solving this challenge with the early demonstrations of its sustainable crypto economics construct and layer-2 blockchain architect powering it.”

Celer Network’s native token, CELR token, drives cEconomy, the indispensable layer-2 crypto-economic constructs of the Celer Network. There are several functionalities of CELR token:

  • CELR is used in State Guardian Network as a membership staking token to protect state availability, provide connectivity oracle and act as channel dispute computation engine. CELR token stakers receive service fee for the above services that they provide for the network.
  • CELR incentivizes a stable and abundant liquidity pool in Proof of Liquidity Commitment process.
  • CELR is used in Liquidity Backing Auction to increase the priority of liquidity backing bids and therefore statistically increase the liquidity interests payout of stakers.
  • CELR can also be used as a medium of exchange by end users to pay for layer-2 scalability services.

For more details about our token use cases, check out our whitepaper, CESC talk and the Celer Network crypto economics educational series:

Part 1: State Guardian Network-Solving the “watch tower” problem of layer-2 scalability platforms

Part 2: State Guardian Network-Bring rage quitters to justice with a connectivity oracle

Part 3: Proof of Liquidity Commitment and Liquidity Backing Auction: Building an abundant and stable liquidity pool for layer-2 protocols

More details about the token sale including token metrics is announced at launchpad website here.

Finally, please stay vigilant to scammers. All token sale related information will be posted on the Binance Launchpad website before the sale starts. Binance Launchpad is our exclusive token launch partner. For the last private token sale, we did not allow any form of pooling or proxy. Our team will never ask for your private keys or ask for token purchase proceedings directly. Please stay updated by subscribing our official channels and newsletters such as the following:

Disclaimer

This communication and any accompanying materials are for information purposes only, and should not be construed as investment or any other advice and are not meant to be a solicitation or recommendation to buy, sell, or hold any CELR tokens (the “Tokens”). This communication does not constitute or form part of an offer, solicitation or invitation of any offer to buy the Tokens, nor should it form the basis of, or be relied in any connection with, any contract or commitment whatsoever.

The information in this communication is qualified in its entirety by, and subject to, the more detailed information found in the whitepaper published by Celer Network and accessible at https://www.celer.network/assets/doc/CelerNetwork-Whitepaper.pdf.

Forward-Looking Statement

This communication contains forward-looking statements that may be identified by their use of words like “plans”, “intends”, “expects”, “will”, “anticipates”, “estimates”, “believes”, or other words of similar meaning and that involve assumptions, risks and uncertainties. All statements that address expectations or projection about the future and all statements other than statements of historical facts included in this communication, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Such forward-looking statements are based on certain assumptions and expectations of future events regarding the Celer Network’s present and future business strategies and the environment in which the Celer Network will operate, and must be read together with those assumptions. The Celer Network do not guarantee that these assumptions and expectations are accurate or will be realised. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements. The Celer Network do not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise.

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