Cryptocurrencies

Celer Network

Celer Network

Celer Network

CELR

$0.015546645

5.23%

$118,509,596.78

Market capitalization(24h)

About Celer Network

Celer Network is a layer-2 scaling platform that aims to enable fast and secure off-chain transactions for blockchain applications, allowing for high-throughput and low-cost payments and smart contract execution. The platform utilizes state channels and sidechains to achieve scalability, and provides a suite of developer tools and services to enable easy integration with existing blockchain networks. Celer Network also has its own native token, CELR, which is used for transaction fees and staking on the network. The project has received support from notable investors and has partnerships with leading blockchain projects such as Chainlink and Polkadot.

About $CELR token

CELR is the native utility token of Celer Network, a layer-2 scaling platform for blockchain applications. The token is used for a variety of purposes within the Celer Network ecosystem, including paying for transaction fees, staking on the network, and participating in the platform's governance process. CELR tokens can also be used for micropayments and for accessing various features and services offered by the platform. The total supply of CELR is 10 billion tokens, with a circulating supply of approximately 5.7 billion tokens as of March 2023. The token is currently traded on various cryptocurrency exchanges and has a market capitalization of over $1 billion as of March 2023.

How to buy $CELR with a payment card

1. Enter the amount of $CELR and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $CELR wallet

You are given the option to enter your $CELR wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $CELR with a credit and debit card.

$CELR analytics

Market Position and Adoption: CELR is the native token of Celer Network, a layer-2 scaling platform that aims to enable fast and secure off-chain transactions for blockchain applications. As of March 2023, CELR has a market capitalization of over $120 million and is ranked #198 among all cryptocurrencies by market cap. The token has a circulating supply of 7.1 billion out of a total supply of 10 billion tokens. CELR has been listed on several cryptocurrency exchanges, including Binance, Huobi, and OKEx, and has seen moderate trading volume in recent months.

Technology and Platform: Celer Network's layer-2 scaling platform is built using a combination of state channels and sidechains to enable fast and secure off-chain transactions for blockchain applications. The platform is designed to be compatible with a wide range of blockchain networks, including Ethereum, Polkadot, and Binance Smart Chain. Celer Network offers a suite of developer tools and services to help developers build and deploy scalable blockchain applications. These include the Celer SDK, which provides a set of pre-built components for building decentralized applications, and the CelerX gaming platform, which allows developers to easily integrate blockchain-based games into their applications.

Team: Celer Network was founded in 2018 by a team of experienced entrepreneurs and engineers with backgrounds in computer science, networking, and distributed systems. The team includes several PhDs from top universities such as MIT and UC Berkeley, as well as veterans of companies such as Google, Qualcomm, and Intel.

Competition: Celer Network faces competition from a number of other layer-2 scaling solutions, including Plasma, Raiden Network, and Lightning Network. These solutions are also focused on improving the scalability and performance of blockchain networks by enabling off-chain transactions. However, Celer Network differentiates itself by offering a comprehensive suite of developer tools and services, as well as a focus on enterprise solutions and zero-knowledge proofs.

Supply: The total supply of CELR tokens is 10 billion, with a circulating supply of 7.1 billion tokens as of March 2023. The token has a fully diluted market capitalization of over $170 million. Celer Network has implemented a token economics model that includes staking, governance, and transaction fee mechanisms to incentivize users to participate in the network and help secure it. The team has also committed to a transparent and fair distribution of tokens, with no pre-mine or ICO.

$CELR risks

1. Market Volatility: The cryptocurrency market is known for its volatility, and the CELR token is not immune to price fluctuations. Investors should be aware that the value of their CELR holdings could decrease significantly in a short period of time.

2. Adoption Risk: Celer Network is a relatively new project and has not yet achieved widespread adoption. If the platform fails to gain traction, it could negatively impact the value of CELR.

3. Regulatory Risk: The regulatory environment surrounding cryptocurrencies is constantly evolving, and changes in regulations could have an impact on the adoption and value of CELR.

4. Competition: Celer Network is not the only project working on scaling solutions for blockchain technology. Competition from other projects could limit CELR's adoption and growth potential.

5. Technology Risk: While Celer Network's technology is promising, there is always a risk of technical issues, bugs, and other problems that could negatively impact the platform's performance and reputation.

Potential market development triggers

Increasing Adoption of Celer Network: As more developers and users begin to adopt and utilize the Celer Network platform, demand for CELR could increase.

New Partnerships and Integrations: Partnerships with other blockchain projects, dApps, and companies could help expand the use cases and utility of CELR, leading to increased demand and value.

Successful Mainnet Launch: The successful launch of Celer Network's mainnet could lead to increased interest and adoption of the platform, which could positively impact the value of CELR.

Adoption by Major Exchanges: If major cryptocurrency exchanges begin to list CELR and offer trading pairs, it could increase the token's visibility and demand.

Increasing Scalability Demands: As the demand for scalable blockchain solutions continues to grow, the Celer Network platform could become more attractive to developers and users, leading to increased adoption and value for CELR.

Integration with Popular Wallets: Integrating CELR into popular cryptocurrency wallets could make it easier for users to store and manage their tokens, potentially increasing adoption and demand.