Celer Network

Halal Rating :
Comfortable
Last Price $0.012 Last updated:
Rank 388
1D Change -1.29 %
Market Cap $92.58m
Circulating supply 7,763,424,107
Maximum supply 10,000,000,000

Crypto Overview

Categories
  • Platform
  • Enterprise Solutions
  • Zero Knowledge Proofs
  • Interoperability
  • Scaling
  • State Channel
  • Ethereum Ecosystem
  • Substrate
  • Binance Launchpad
  • Arrington XRP Capital Portfolio
  • Pantera Capital Portfolio
  • Arbitrum Ecosystem
  • Cross-Chain
  • BNB Chain Ecosystem
  • Oasis Ecosystem
  • Moonbeam Ecosystem
  • Sei Ecosystem
  • Metis Andromeda Ecosystem

Project Overview

Celer Network is a layer-2 scaling platform designed to enable fast, secure, and low-cost blockchain transactions. The platform aims to make blockchain applications more accessible and practical for everyday use through its scaling solutions.

Purpose and Utility

CELR token serves multiple purposes within the Celer ecosystem: It's used for state channel deposits, network security through staking, and platform governance. The token has clear utility in facilitating network operations and securing the protocol.

Business Model and Operations

The platform focuses on providing scaling solutions through: State channels for instant payments, sidechains for generalized state scaling, and a hybrid architecture that combines both approaches. These operations align with halal principles as they provide genuine technological utility without involving prohibited activities.

Development and Adoption

Celer Network maintains active development, with regular GitHub updates and protocol improvements. The project has established partnerships with major blockchain platforms and continues to expand its ecosystem. The network processes millions of transactions, indicating genuine adoption of its scaling solution.

Token Distribution and Governance

Initial token distribution included allocations to team members and investors with vesting periods to ensure long-term alignment. The project demonstrates transparency in its operations and token economics. The team consistently delivers on technical roadmap commitments, suggesting genuine intent to build valuable infrastructure.

Revenue Model

Revenue is generated through transaction fees and network usage, which represents legitimate exchange of value for services. The platform does not engage in interest-based lending or prohibited activities.

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