Celer Network, the leading blockchain layer-2 scaling platform, today announced an official strategic partnership with MakerDAO, the creator of Dai, the world’s first decentralized stablecoin based on the Ethereum blockchain, to bring Dai stable tokens to Celer’s layer-2 scaling platform. Celer is also giving out $10,000 Dai giveaways to users downloading CelerX, mobile application built with Celer layer-2 scaling API and SDK, provides fun real-time interactive blockchain eSport games to users from 89 different countries.
Celer Network’s advanced layer-2 scaling technology enables interactive, secure, and low-cost blockchain applications that match the frictionless user experience of centralized apps.
The integration with MakerDAO will enable CelerX users to directly use Dai to send instant micropayment and play blockchain eSport games with zero blockchain transaction fee. This will allow new users who had no previous experience on blockchain to easily onboard and use cryptocurrency based applications and games without having to first have ETH to blockchain transaction cost. The smart-contract powered stability of the Dai token also significantly helps new CelerX users since users can avoid the high volatility of other blockchain assets. Celer’s low-cost and instant transaction capability and Dai’s stability in value makes it much easier for online and offline merchants and service providers to receive payment in cryptocurrency as well. We hope this integration will drive stable token’s adoption in multiple use cases such as eSport gaming, micropayment based live streaming services and day-to-day small purchases for unbanked population.
Dr. Mo Dong, cofounder of Celer says: “Price volatility is a major barrier for massive amount of “everyday” users to continuously use blockchain applications. MakerDAO’s solution, Dai, is the only decentralized stable token on the market right now that solves this big pain point. We are thrilled to have the opportunity to continue to work with MakerDAO to push mass adoption to blockchain application.”
“Integrating Dai into CelerX brings decentralized stability to the platform, removing a critical issue that has traditionally been a barrier to adoption for gaming applications across the blockchain,” said Rune Christensen, CEO and CoFounder of MakerDAO. “The speed and low-cost benefits of Celer with the stability of Dai opens a world of opportunities for projects everywhere.”
Celer Network PR contact: 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 contracts. It allows anyone 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 MakerDAO and Dai
MakerDAO enables the generation of Dai, the world’s first unbiased currency and leading decentralized stablecoin. Dai eliminates volatility through an autonomous system of smart contracts called the Maker Protocol and decentralized community governance.
Dai lives completely on the blockchain; making it borderless and available to everybody, equally. An unbiased currency, Dai’s value does not rely on any trusted counterparties and its stability is unimpeded by politics or government debts. All Dai are backed by a surplus of collateral that has been individually escrowed into audited and publicly viewable Ethereum smart contracts. Any person with an internet connection, at any time, can see the health of the system at mkr.tools.
Dai extends the power of traditional currency with the benefits of the blockchain: it can be freely sent to others, used as payments for goods and services, or held as long-term savings.
Launched in 2017, Dai has successfully maintained a soft peg to the US Dollar. With hundreds of partnerships and one of the strongest developer communities in the space, MakerDAO has become the engine of the Decentralized Finance (DeFi) movement. Maker is unlocking the power of the blockchain to deliver on the promise of economic empowerment today. Visit www.makerdao.com.
