Celer is an advanced blockchain interoperability protocol that allows users to access tokens, DeFi, GameFi, NFTs, governance, and more with just one click across various chains. Through the Celer Inter-chain Messaging Framework, developers can create inter-chain-native Dapps, benefiting from optimal liquidity use, consistent application logic, and shared states. Those who use Celer-enabled dApps can take advantage of a vast multi-blockchain ecosystem while dealing with the straightforwardness of a single transaction experience, all from one chain.
Who Founded Celer Network?
Established in 2018, Celer Network was the brainchild of a team of engineers with deep technical expertise. All four co-founders hold PhDs in Computer Science from prestigious schools such as MIT and UC Berkeley, and have a history of working with leading tech companies.
* Dr. Mo Dong earned his Ph.D. from UIUC and was a founding engineer and product manager at Veriflow, focusing on network formal verification. He excels in using algorithmic game theory for protocol design and teaches full-stack smart contract courses to hundreds of students.
* Dr. Junda Liu completed his Ph.D. at UC Berkeley. He joined Google in 2011 to develop its data center networking infrastructure and was a founding member of the Project Fi mobile service since 2014. He also served as the Android Tech Lead for carrier services, operating on over 1.5 billion devices.
* Dr. Xiaozhou Li received his Ph.D. from Princeton University and has had his works published in top venues for distributed systems, networking, storage, and data management. His contributions form core components of Google TensorFlow, Intel DPDK, and Barefoot Deep Insight.
* Dr. Qingkai Liang obtained his Ph.D. from MIT, focusing his research on learning and control issues in networked systems, particularly online learning algorithms in adversarial networks, applied successfully in Raytheon BBN Technologies and Bell Labs.
What Distinguishes Celer Network (CELR)?
Celer significantly transforms the development and use of multi-blockchain dApps. Rather than deploying separate instances of smart contracts on different blockchains, developers can now create inter-chain-native dApps that leverage efficient liquidity, unified application logic, and shared states. Users interacting with Celer-enabled dApps benefit from a rich multi-blockchain environment while experiencing the simplicity of a single transaction, avoiding complex manual interactions across various blockchains.
Celer achieves seamless multi-blockchain interoperability through smart contracts on each chain, coupled with the State Guardian Network, a Tendermint-based blockchain. To send a message or invoke a smart contract function across chains, a user or dApp submits their intent as a message with a structured header and arbitrary binary payload to a Message Bus smart contract on the originating chain. The State Guardian Network validators then reach a consensus on the message's existence and create a stake-weighted multi-signature attestation. This attestation is relayed to the destination via an Executor that subscribes to the message. On the destination chain, the Message Bus contract verifies the message's validity and triggers the associated logic either immediately or after a set timeout.
How Much CELR is in Circulation?
The total supply of CELR tokens is capped at 10 billion, distributed as follows: 25% for PoLC mining rewards and off-chain ecosystem development; 20% to the team (18.3%) and advisors (1.7%); 17% for the foundation; 5% for marketing and ecosystem expansion; and 33% for sale.
CELR is an ERC-20 token built on the Ethereum blockchain, playing a key role in managing the network's economy:
* By staking CELR in the State Guardian Network (SGN), users can become State Guardians, gaining access to status monitoring, dispute resolution, and enhancing security and network efficiency.
* CELR can be staked in the SGN or delegated to SGN nodes to earn PoS staking rewards and transaction fee earnings from Celer cBridge and Celer IM-based inter-chain dApps.
* Token holders can also engage in network governance through participation and voting.
How Does the Celer Network Ensure Security?
The State Guardian Network is Celer's backbone, a decentralized Proof-of-Stake blockchain that acts as a message router among various blockchains. SGN supports general message exchange and cross-chain fund transfers while providing PoS security, rapid finality, and cost-efficiency for Celer-enabled dApps.
Celer has undergone three distinct smart contract audits conducted by CertiK, PeckShield, and SlowMist.
Additionally, Celer has a $2 million bug bounty program on Immunefi to incentivize community and whitehat efforts in securing and enhancing the network.
Where Can You Purchase the Celer Network Token (CELR)?
Currently, the leading platforms for trading Celer Network (CELR) include Binance, Gate.io, Bithumb, OKEx, Crypto.com Exchange, WazirX, AscendEX (Bitmax), CoinDCX, MXC.com, Bitay, DigiFinex, BKEX, AEX, BiKi, Hotbit, HitBTC, TOKOK, Uniswap V2, TOCENCAN, DragonEX, ZT.
Additional exchanges are listed on our crypto exchanges page.
The CELR token sale was conducted on Binance Launchpad's IEO platform in March 2019. By June 2021, the most active trading pairs for CELR on Binance were CELR/USDT, CELR/BTC, CELR/BUSD, CELR/BNB.
