CELR (Celer Network) | Cryptocurrency In Singapore

Celer Network: Bring Internet Scale to Every Blockchain

Celer Network is an Internet-scale, trust-free, and privacy-preserving platform where everyone can quickly build, operate, and use highly scalable dApps. It is not a standalone blockchain but a networked system running on top of existing and future blockchains. It provides unprecedented performance and flexibility through innovation in off-chain scaling techniques and incentive-aligned cryptoeconomics. Celer Network embraces a layered architecture with clean abstractions that enable rapid evolution of each individual component, including a generalized state channel and sidechain suite that supports fast and generic off-chain state transitions; a provably optimal value transfer routing mechanism that achieves an order of magnitude higher throughput compared to state-of-the-art solutions; a powerful development framework and runtime for off-chain applications; and a new cryptoeconomic model that provides network effect, stable liquidity, and high availability for the off-chain ecosystem.

Billions of transactions per second? Really?
We envision a future with a decentralized ecosystem where people, computers, mobile and IoT devices can perform secure, private, and trust-free exchange of information and value at massive scale.

Off-chain platform enables fully scale-out dApps because most transactions are processed by only involved participants, while still being secure and trust-free. The total system throughput can near-linearly increase as more nodes join. Therefore, billions or even more transactions per second can be achieved as long as enough nodes and applications are running on the off-chain platform.

Celer Network is founded by computer science PhDs from MIT, Princeton, UC Berkeley and UIUC and is being built by a top-notch team with deep experiences from Google, Amazon, Oracle, Cisco and unicorn startups. Celer Network has raised $30M from top venue firms around the globe including Matrix Partners, Signum Capital, Pantera, FreeS, Neo Global Capital, Arrington XRP and more.

Product

CelerX - Play eSports games, win real-money prizes Have fun. Play to earn!

  1. Download CelerX
  2. Play skill-based games
  3. Win real-money prizes

Real-time interactive
CelerX accelerates traditionally slow blockchain functions. Now you can play games with little to no latency!

Zero gas fee
Play in the blockchain gaming world instantly without paying any gas fees.

Various game types
Compete on solo, turn-based, and real-time battle games.

Instant prize payout - 100% your control
Get your prizes whenever you win. If you choose to use cryptocurrency, you take full control of your crypto funds and prizes. Neither Celer nor any other entity holds your crypto assets. You can also choose traditional payment methods in the games separate from blockchain payments.

Game of skills, not chance
All of the games in CelerX are skill-based without any randomness. You compete by your skill level, not by chance. Keep practicing to ramp up your game skills and win more prizes!

Secured by blockchain
For some of the games in CelerX, we enable decentralized game state dispute with Celer Network’s advanced layer-2 technology to ensure competition fairness.

SCALESPHERE FOUNDATION LTD
UEN 201809464W

67 Ayer Rajah Crescent #02-10 Singapore 139950

Official website
https://www.celer.network

Product
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CelerX App
GooglePlay
iOS Version
Android APK

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Resources
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Technology

Developer
Game Developer
Celer SDK
Celer Core

Celr Explorer

FAQ
Strategic Partners
Follow us
Blogs
Media Packages
Events

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Social Media
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Telegram
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Twitter
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YouTube
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Meetup
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CELR Token

The native digital cryptographically-secured protocol token of the Celer Network, (CELR) is a major component of the ecosystem on the Celer Network, and is designed to be used solely on the network.

Total supply: 10,000,000,000

Celer Network’s alpha-mainnet launched on July 7th, 2019. The alpha-mainnet, Cygnus, marks the beginning of the world’s first Generalized State Channel Network, starting from Ethereum. It opens up an entirely new dimension of blockchain layer-2 scalability with real-time and zero-fee interaction, instant micropayments and low-latency interoperability for decentralized Apps.

Token Functions

  1. CELR token can be used to pay the service fee and transaction fee to off-chain service providers and additional service provided.
  2. One can stake CELR in State Guardian Network and become a State Guardian. State Guardians perform services like state monitoring, dispute response and connectivity to protect the security and improve the efficiency of Celer Network. During the service process, State Guardians receive service fee and side-chain block rewards.
  3. CELR also serves as an incentive for maintaining a stable and abundant liquidity pool in Proof of Liquidity Commitment process.
  4. CELR can also be used in Liquidity Backing Auction to increase the priority of liquidity backing bids and therefore statistically increase the liquidity interests payout.