Celer Network (CELR)
Rank #718
Market snapshot
- Price
- $0.00204706
- Market cap
- $16.0M
- 24h volume
- $1.6M
- Circulating supply
- 7,807,424,106.9912
- Total supply
- 10,000,000,000
- Max supply
- 10,000,000,000
What is Celer Network?
Celer Network is designed to enable seamless interoperability across multiple blockchains. It allows users to access various decentralized finance (DeFi), GameFi, NFTs, and governance applications through a single interface, enhancing user experience and accessibility.
How Celer Network works
Celer Network uses a blockchain interoperability protocol that allows users to interact with multiple chains easily. It features a one-click user experience for accessing different tokens and applications. The Celer IM (Inter-chain Messaging framework) facilitates communication between different blockchains, allowing for cross-chain transactions and smart contract interactions. Additionally, the Celer cBridge serves as a decentralized asset bridge, enabling low-cost token transfers across over 40 blockchains and layer-2 rollups.
Key information
- Symbol
- CELR
- CMC rank
- #718
- Network / platforms
BNB Chain, Ethereum, Metis Andromeda, Moonbeam
- Categories
- State channel
- Date added
- Mar 25, 2019
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
BNB Chain
0x1f9f6a696c6fd109cd3956f45dc709d2b3902163Ethereum
0x4f9254c83eb525f9fcf346490bbb3ed28a81c667Metis Andromeda
0x516e6D96896Aea92cE5e78B0348FD997F13802ad
Key characteristics
Celer Network is an open-source project that emphasizes multi-blockchain interoperability. It supports a diverse ecosystem of decentralized applications, providing a unified user experience across different platforms. The Celer IM framework and the cBridge asset bridge are key components that enhance its functionality and usability.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Celer Network?
- Celer Network (CELR) is a cryptocurrency that operates on the Ethereum platform, providing solutions for blockchain interoperability and decentralized applications.
- How does Celer Network work?
- Celer Network uses a blockchain interoperability protocol that allows users to interact with multiple chains easily, featuring a one-click user experience for accessing various decentralized applications.
- What are the technical characteristics of Celer Network?
- Celer Network is an open-source project that emphasizes multi-blockchain interoperability and includes components like the Celer IM framework and cBridge for asset transfers.
- What are the risks associated with transferring Celer Network assets?
- Digital asset prices can be volatile, and users should verify contract addresses and custody methods to mitigate risks associated with transfers.
- Where can I find official resources for Celer Network?
- Official resources for Celer Network can be found on their website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
