Celer Network
Crypto Overview
Understanding the Intended Utility
Celer Network is a layer-2 scaling platform designed to enable fast, secure, and low-cost blockchain transactions. The platform aims to address blockchain scalability issues through its State Channel Network and Layer2.Finance protocol. CELR tokens serve as the essential utility and governance token within the ecosystem.
Intended Business Model
The network operates through a combination of off-chain scaling techniques and state channels, allowing users to conduct multiple transactions off-chain before settling them on the main chain. CELR tokens are used for staking by node operators, paying transaction fees, and participating in network governance.
Actual Utility Assessment
The platform has demonstrated real-world adoption through multiple partnerships and integrations. Notable developments include: Integration with major blockchain networks including Ethereum, Polkadot, and Binance Smart Chain; Active development of cBridge, their cross-chain bridge solution; Significant transaction volume through their Layer2.Finance protocol.
Token Distribution and Governance
Initial token distribution allocated 19% to the founding team with a 2-year vesting period, 24% to private sale investors, and 57% for ecosystem development and public sale. This distribution model shows reasonable alignment with long-term project development rather than short-term enrichment.
Development Activity
The project maintains active development with regular GitHub commits and protocol updates. The team consistently delivers on their technical roadmap, with significant focus on improving cross-chain capabilities and scaling solutions.
Crypto Impact
To assign a comfort level investing in Celer Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Celer Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.