CEO Binance Changpeng Zhao (CZ) said he would hold an ICO on the Binance Launchpad platform every month. The acclaimed ICO BitTorrent (BTT) and Fetch.AI (FET), which took place on the platform in early February and early March, added inspiration, obviously. Therefore, CZ did not wait for April. New ICO Celer is taking place at the Binance Launchpad today at 14:00 UTC. Probably, it will pass as instantly as the previous two.
Is there a difference in the quality of projects?
It can be argued that BitTorrent was a well-known project, and in partnership with TRON, and listed immediately. Fetch.AI is also good, with its AI theme. But the new project, Celer, is not simple too.
Even a brief look at Celer is inspiring. In fact, this layer 2 platform (running on top of blockchain) can move the blockchain ahead no less than the famous Lightning Networks (LN)! Judging by the description, the platform does the same thing – reduces transaction latency – by 10 K, and even allows to implement smart contracts on top of the blockchain. Zero commissions on smart contracts and compatibility with different blockchains are attached. Celer Network is founded by PhDs of famous universities: from MIT, Princeton, UC Berkeley and UIUC
What is done:
- Already achieved 10,000X transaction latency reduction
- Zero off-chain smart contract transaction fees
- Accelerates both payment and smart contracts
- 100X fee reduction for micro payment
- Horizontally scalable as more nodes joining
- Provably optimal off-chain payment routing algorithm
- The world’s first off-chain crypto economics model to ensure safety and high liquidity
- Blockchain agnostic (already support Ethereum, DFINITY and all EVM based blockchains)
Tokenomics
- Token Sale Start Time 2019/03/19 2:00 PM (UTC)
- Hard Cap 4,000,000 USD
- Total Token Supply 10,000,000,000 CELR
- Initial Circulating Supply 20% of Total Token Supply
- Public Sale Token Price 1 CELR = 0.000434 BNB / 0.0067 USD (using a BNB price of 15.4325 USD)
- Launchpad Allocation 597,014,925 CELR (6% of Total Token Supply)
- No vesting period / No lockup
- Individual Cap 1,500 USD
- Individual Minimum Purchase Amount 20 USD
- Private Sale Token Price 1 CELR = 0.015 USD
- Private Sale Allocation 15.5% of Total Token Supply
- Private Sale Vesting Period – Vesting over 3 months
- Seed Sale Token Price 1 CELR = 0.0065 USD
- Seed Sale Allocation 11.5% of Total Token Supply
- Seed Sale Vesting Period – Vesting over 10 months
- Token Type ERC-20
- Token Distribution Within 15 days after the token sale ends
Token Allocation:
Forbidden to participate:
How will this affect the BNB?
Apparently – very positive. Suffice it to say that ICO BTT gave a BNB increase of over 50% (from $ 6.15, January 31 to $ 9.21 on February 10). The launch of Fetch.AI increased the price of BNB even more, from $ 9.46, on February 26, to $ 15.24, March 7. Make your own conclusions – we do not give financial advice!
