Celer Network (CELR)

Celer Network is currently trading at $0.0118, after a price change of 2.78% in the last 24 hours.

Ranked as cryptocurrency #247 by capitalization today, CELR market cap is valued at $83,487,582. CELR trading volume reached $4,370,421 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on CELR coin price prediction page.

What is Celer Network?

Celer Network is a layer-2 interoperable blockchain for payment solutions and smart contracts. The protocol supports DeFi, NFTs, GameFi, governance, and privacy solutions. Celer powers the creation of cross-chain decentralized applications through the Celer Inter-Chain Message SDK. The platform’s state channels are based on the Proof-of-Liquidity Commitment, which acts as a virtual mining solution. The technology allows users to lock extra liquidity in any crypto in an off-chain platform for rewards paid in native tokens. 

The Celer State Guardian Network is a proof-of-stake protocol based on the Tendermint that works as the message channel across multiple blockchains. The consensus layer of SGN requires that validator nodes stake CELR tokens to be part of the process. Users must also pay fees to the SGN to access message routing service and store multi-signature attestation. The fees are paid as part of rewards to the token stakers and validators. 

CELR is the native token powering Celer. It is an ERC-20 standardized asset based on Ethereum used in paying fees, staking, and liquidity provision. There are currently 6.84 billion circulating CELR tokens from a total supply of 10 billion and a matching hard cap. Of the total supply, 25% is allocated to mining rewards, 18.3% to the team, 32.5% to private round and seed round, 11.5% for launchpad sale, 7.7% for marketing and development, and 5% for advisors. 

Celer Network was founded in 2018 by Ph.D. holders Dr. Mo Dong, Dr. Junda Liu, Dr. Xiaozhou Li, and Dr. Qingkai Liang.