SAN FRANCISCO — The official cryptocurrency wallet of Binance, Trust Wallet, and the project bringing internet-level scale to the global blockchain ecosystem Celer Network today announced that they have formed a strategic partnership to create seamless integrations and fluid interactions and user experiences on decentralized applications (dApps) for developers and the industry. This partnership will empower developers to easily onboard new users to various blockchains for dApps and easily build smooth user experiences on dApps matched by centralized applications.
Celer Network is the first known solution to comprehensively allow developers and companies to build, operate and utilize highly interactive dApps with its large scalability potential, allowing low-cost and instant blockchain transactions and interaction through its leading layer-2 scaling platform.
“We are excited to work with Celer’s talented team to bring layer-2 scaling solutions to all of Trust Wallet users, which will enable simple, secure, fast and verifiable transactions with user-friendly interfaces,” said Trust Wallet Founder Viktor Radchenko. “We are integrating Celer Network’s solution to Trust Wallet to help unlock the larger potential of blockchain technology for real-world use cases from financial solutions to gaming apps with its matched level of experiences on centralized applications.”
The first phase of Trust Wallet and Celer Network’s partnership will focus on payments and simple interactive dApps, allowing Trust Wallet users to instantly send Ethereum (ETH) and ERC-20 tokens including many stablecoins with zero latency through Celer Network’s layer-2 scaling network. Similarly to its instant and zero fee, off-chain gaming platform and application Gomoku for its testnet launch, CelerX, Trust Wallet users will benefit from Celer Network’s early demonstration, tentatively scheduled to launch during Q3 of 2019.
This long-term partnership and development project roadmap will enable Trust Wallet and Binance users to access close-to-zero cost and unmatched user experiences on dApps such as interactive gaming, pay-per-use services, microinsurance, non-custodial financial assets exchanges and decentralized derivative exchanges, using the Celer Network dApps software development (SDK). Celer Network seamless developer toolkit and user experience illustrates strong promise to significantly lower the current barriers to entry of blockchain with sustainable economics that will make dApps legitimately valuable, consumable and interactive for the mainstream.
“We are honored to have a valuable partner that is supported by millions of users in the market and focuses on its community needs; the Trust Wallet team shares our vision aimed at the greater cause and hopes for the industry,” said Celer CEO Mo Dong. “We are excited to work with them to carry out the benefits of blockchain technology’s massive potential with great user experiences. Trust Wallet has garnered confidence by showcasing the high-grade security of its advanced multi-coin wallet and dApps browser. Together, we will ambitiously evangelize blockchain applications to the masses through our technical abilities and advancements, and strongly supported entrepreneurship.”
This past month, Celer Network announced its second testnet, Sirius. Its first interactive gaming app, Gomoku, on its testnet mobile app CelerX acquired about 22,000 monthly active users (MAU) from 58 different countries within a one month time span. Gomoku currently has more than a 20 percent and seven-day retention ratio,engaging each active user for more than 12 minutes per day. To date, Gomoku is played 120,000 times per month on average, which has generated more than four million transactions on Celer Network’s testnet, becoming one of the top blockchain applications in daily active users (DAU) and user engagement metrics.
Contact:
Binance: pr@binance.com
Celer Network: Windy Wang, windywang@celer.network
About Celer Network
Celer Network is a leading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract. It enables everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics. For more information, visit: https://www.celer.network/ and join the official Celer Network community on Telegram: http://t.me/celernetwork.
About Trust Wallet
Trust Wallet is the official cryptocurrency wallet of Binance and native wallet for its decentralized exchange, Binance DEX. Trust Wallet is a decentralized mobile wallet app with an intuitive interface, designed to facilitate the adoption of cryptocurrencies for users with any knowledge level of blockchain. Trust provides a secure multi-cryptocurrency wallet to send, receive and store digital assets and a built-in dApp browser for developers and companies to seamlessly integrate its marketplace to interact and transact with dApps such as trading crypto assets and collectibles directly from a smartphone or tablet, and soon on desktop. For more information, visit: https://trustwallet.com/
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