CELR
CELR

Celer Network price

$0.010990
+$0.00079000
(+7.76%)
Price change from 00:00 UTC until now
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Celer Network market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$62.04M
Circulating supply
5,645,454,936 CELR
Market cap ranking
203
24h high
$0.011090
24h low
$0.0099600
All-time high
$0.19872

CELR calculator

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Celer Network price performance in USD

The current price of Celer Network is $0.010960. Since 00:00 UTC, Celer Network has increased by +7.77%. It currently has a circulating supply of 5,645,454,936 CELR and a maximum supply of 10,000,000,000 CELR, giving it a fully diluted market cap of $62.04M. At present, Celer Network holds the 203 position in market cap rankings. The Celer Network/USD price is updated in real-time.
Today
$0.00079000
+7.76%
7 days
-$0.00160
-12.74%
30 days
-$0.00072
-6.17%
3 months
$0.0011700
+11.95%

About Celer Network (CELR)

3.2/5
CyberScope
3.7
11/05/2024
TokenInsight
2.6
03/11/2023
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Celer Network is a Layer 2 solution that provides fast, secure, affordable blockchain applications on blockchains like Ethereum and Polkadot. CELR is the name and ticker symbol for the native token of the project.

The project's core architecture relies on three elements:

  • cOS: The main development framework.
  • cRoute: A fully decentralized routing system of multiple chains and layers that enable higher operations capacity.
  • cChannel: The bottom layer of the network that enables smooth transactions within the ecosystem.

As a true Layer 2 platform, Celer's security relies on the Layer 1 blockchain. One of the critical features of the Celer ecosystem is Layer2.finance, which tackles decentralized finance's (DeFi) most significant challenges of providing its users with both easy accessibility and significantly lower transaction fees.

There is also a multi-chain cross-layer asset bridge called the cBridge, which allows instant, trustless, Any-to-Any value transfers within and across Ethereum's Layer 2 chains at a low cost. Celer's open-source platform, with a complete set of SDKs and low rent, allows developers to build fast and experiment with projects.

Three tightly coupled components build the so-called "cEconomy" and are as follows:

  • State Guardian Network (SGN): Users can stake CELR in the State Guardian Network to perform certain governance operations.
  • Proof of Liquidity Commitment (PoLC): CELR can be used to maintain the liquidity pool in proof of liquidity commitment, a virtual mining process.
  • Liquidity Backing Auction (LiBA): Off-chain service providers can raise liquidity through crowdlending.

CELR tokens can also be used to pay service and transaction fees for off-chain services. On July 7, 2019, Celer Network launched its alpha-mainnet, Cygnus, the first Generalized State Channel Network.

The platform combines State Channel and Layer-2 Rollup to enable various applications like DeFi (layer2.finance), micropayment, and gaming. Besides the alpha-mainnet, Celer has already successfully launched two testnets: Centauri with cWallet in October 2018 and Sirius with CelerX in February 2019.

CELR price and tokenomics

CELR has a maximum supply of 10 billion tokens. CELR’s circulating supply is distributed as follows:

  • 11.5 percent was allocated toward seed sales.
  • 15.5 percent went toward private sales.
  • 6 percent of CELR was for the launchpad sale.
  • 18.3 percent was allocated to the team.
  • 1.7 percent was reserved for advisors.
  • 17 percent for the foundation.
  • 5 percent for marketing and ecosystem.
  • 25 percent was set aside for mining rewards.

The CELR economy model is a system of staking that provides security, liquidity, and smooth connectivity for the platform. The CELR price naturally depends on how the platform performs and how much CELR is staked. Its partnerships also influence the CELR charts.

About the founders

Celer Network was founded in 2018 by a team of highly skilled engineers, each with a Ph.D. in Computer Science from renowned institutions such as the University of California, Berkeley (UC Berkeley), and the Massachusetts Institute of Technology (MIT).

Celer network's team includes Mo Dong, Junda Liu, Xiaozhou Li, and Qingkai Liang. Mo Dong completed his Ph.D. in computer science and worked in technical roles in different companies before founding Celer Network and CelerX.

Liang, the other co-founder of CelerX, had completed his Ph.D. in machine learning and computer networks. Liu has a Ph.D. in computer networks and has worked in engineering roles at Google for over six years.

Celer has formed partnerships with well-known names, such as Polkadot, StarkWare, and Automata, and strategic partnerships with Pantera, DHVC, Stable, BlockVC, Matrix, Fenbushi Capital, and more.

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CELR FAQ

What is CELR?

The Celer Network is a networked system that offers Layer 2 solutions for blockchain applications while relying on the Layer 1 blockchain's security. CELR is the name and ticker of the utility token of Celer's ecosystem.

How does CELR work?

Celer's main objective is the mass adoption of blockchain, so it offers fast, accessible, secure off-chain transactions for payments and generalized off-chain smart contracts. Celer has gathered over 1 million gaming, blockchain, and DeFi users.

What is the CELR price prediction?
While it’s challenging to predict the exact future price of CELR, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is Celer Network worth today?
Currently, one Celer Network is worth $0.010960. For answers and insight into Celer Network's price action, you're in the right place. Explore the latest Celer Network charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Celer Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Celer Network have been created as well.

CELR calculator

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