CelerToken

What is CELR and how Does It Work?

Celer Network operates as a layer-2 scaling platform that's designed to facilitate transactions across different blockchains, including those with smart contract functionalities. The core token of the platform, CELR, is managed on the Ethereum blockchain. "State Channel Network" technology is used in the project, manifesting as bi-directional off-chain interaction protocols that allow transactional processes without needing blockchain recordation, with the intention of enhancing scalability.

Collaborative insights from globally respected institutions and companies such as MIT, Princeton, UC Berkeley, and Google, are put to work by the Celer's team to provide the platform with developer tools and Software Development Kits (SDKs). These resources give developers an environment geared towards creating applications on the platform. The token CELR finds its use in staking, participating in network governance, and accessing platform services.

Celer Network has built productive relationships with other blockchain projects like ThunderCore, TomoChain, and Nervos Network to aid in providing layer-2 scaling solutions. The Celer Network has a substantial community backing, with tens of thousands of active contributors on Telegram forums. Support also comes via partnerships with respected entities like Binance, Qtum, Gnosis, and 0x. User experience is enhanced by features such as wallet backup and import, along with a peer-to-peer decentralized exchange (peer-to-peer DEX) experience through its Layer-2 Swap facility that enables token trading without requiring on-chain settlements.

Celer Network's focus is on future growth with goals such as further blockchain integrations, launching a mobile app, and developing more developer tools and feature sets.

The Vision and Mission Behind CELR

CELR operates as the native token within the platform of Celer Network and performs several roles. The token facilitates fluidity supply, state maintenance, participation encouragement, and supports a proof-of-fluidity-commitment mechanism. CELR also functions as the medium for network transactions, enabling off-chain service usage and Celer State Guardian Network staking. Incorporating CELR into community governance, those who hold the token have decision-making abilities on parameters and enhancements within the network. These varying uses of CELR endorse platform interactions and foster community-driven decision making within the network.

How to Buy and Store CELR?

To purchase CELR, Flooz.xyz offers a streamlined process, allowing traders to buy the token via their one-stop solution. With a smooth checkout and support for all payment methods, Flooz.xyz eliminates the need for a separate wallet. But that's not all. Using Flooz self-custodial web wallet, you can seamlessly store, send, and receive CELR tokens. Creating a wallet is as easy as using your email, Google, or Apple ID, taking only a few seconds. This optimized trading experience has already attracted over 85,000 active traders on Flooz.xyz. Not only does this ensure a seamless transaction experience, but it also ensures that you have complete control over your funds at all times, thanks to the power of cryptography. Additionally, Flooz.xyz aggregates over 50+ providers to offer you the fastest and cheapest payment routes for your trades. Don't wait any longer, start buying CELR on Flooz.xyz today!

CELR Metrics:

• Current price: $0.0144

• Market cap: $81.13 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $327