Celer Network (CELR) Off-chain Scaling - ICO Review, Rating and Details of Celer Network ICO (Token Sale) - Rating: All In

Celer Network is a coherent technology and economic architecture to enable Internet-scale public blockchains through off-chain scaling techniques. It can scale out to billions of transactions per second, and will fully unleash the power of blockchain and decentralized applications.

Features & Highlights

  • Zero off-chain smart contract transaction fees

  • Already achieved 10,000X transaction latency reduction

  • Accelerates both payment and smart contracts

  • 100X fee reduction for micro-payment on Ethereum comparing to directly transacting on Ethereum

  • Horizontally scalable as additional nodes join

  • Provably optimal off-chain payment routing algorithm

  • First off-chain crypto economics model to ensure safety and high liquidity

  • Blockchain agnostic (currently supports Ethereum, DFINITY and all EVM based blockchains)

Token Allocation

"Foundation","Launchpad Sale","Private Round","Seed Round","Team","Advisors","Marketing & Ecosystem","Mining Reward" {"name": "Foundation","value": 17},{"name": "Launchpad Sale","value": 6},{"name": "Private Round","value": 15.5},{"name": "Seed Round","value": 11.5},{"name": "Team","value": 18.3},{"name": "Advisors","value": 1.7},{"name": "Marketing & Ecosystem","value": 5},{"name": "Mining Reward","value": 25}

Token Utility & Use Cases

The CELR token drives cEconomy, the off-chain cryptoeconomic incentive structure of Celer Network in the following ways:

  • CELR serves as an incentive for maintaining a stable and abundant liquidity pool in Proof of Liquidity Commitment process.
  • CELR is used in Liquidity Backing Auction to increase the priority of liquidity backing bids and therefore statistically increase the liquidity interests payout.
  • CELR is used in State Guardian Network as a membership staking token to protect state availability, provide connectivity oracle and act as a dispute state transition computation engine. CELR token stakers receives service fee for the various services they provided for the network.
  • CELR token can also be used to pay the service fee and transaction fee to off-chain service providers.

Roadmap & Updates

  • Q1 2019
    • cChannel: enhanced generalized state channels with more use case support
    • cRoute: initial implementation & testing
    • cOS: SDK public v2.0 release, focus on integrated flow of mobile and web
    • cEconomy: PoLC and LiBA security audit, SGN testnet alpha launch
    • Community: onboard third-party Apps
  • Q2 2019
    • cChannel: gradual Ethereum mainnet roll out and continued blockchain expansion and integration
    • cRoute: test and initial deployment
    • cOS: SDK public v3.0 release
    • cEconomy: PoLC mainnet launch
    • Community: begin to onboard off-chain service providers
  • H2 2019:
    • cChannel: full cross-chain interoperability
    • cRoute: production measurement and optimization
    • cEconomy: SGN and LiBA mainnet launch
    • cOS: SDK public v4.0 release to enhance UX for real-world use cases
    • Community: continue to grow Celer-enabled application ecosystem with sustainable new app adoption funnel strategy

Team Members

  • Mo Dong, Co-founder, Mo received his Ph.D. from UIUC. He was founding engineer and product manager at Veriflow, working on network formal verification. He is an expert in applying algorithmic game theory to protocol design, and teaches full-stack smart contract courses with hundreds of students graduated. Linkedin.

  • Junda Liu, Co-founder, Junda received his Ph.D. from UC Berkeley. He joined Google in 2011 to build its datacenter networking infrastructure, and then was founding member of Project Fi mobile service since 2014. He was also the Android Tech Lead for carrier services, which run on more than 1.5 billion devices. Linkedin.

  • Xiaozhou Li, Co-founder, Xiaozhou received his Ph.D. from Princeton University. His works have been published at premier venues in distributed systems, networking, storage, and data management, and have become core components of Google TensorFlow, Intel DPDK, and Barefoot Deep Insight. Linkedin.

  • Qingkai Liang, Co-founder, Qingkai received his Ph.D. from MIT. His research focuses on various learning and control problems that arise in networked systems, especially on online learning algorithms in adversarial networks, which have been successfully applied in Raytheon BBN Technologies and Bell Labs. Linkedin.

  • Yunjia Dai, Core Developer, Yunjia received his Masters from Columbia University. He was a Tech Lead at Google display Ads infrastructure team, where he developed Ad serving stacks and tools for various products including AdSense, DoubleClick for Publisher and DoubleClick Bid Manager. Linkedin.

  • Yan Zhang, Core Developer, Yan received his Masters from Supélec, France. As one of the earliest and major contributors in mobile technology, he developed dozens of innovative and popular mobile products, and led an engineering team that created the world’s largest scalable mobile AR UGC platform. Linkedin.

  • Michael Zhou, Core Developer, Michael received his Masters from MIT. His research focused on programming models targeting massively parallel dataflow architecture. He worked at Google on compilers, static analyzers, virtual machines and development framework to support products serving billions of users. Linkedin.

  • Changfeng Liu, Core Developer, Changfeng Liu received CS Master degree from University of Michigan. He was a research assistant at UMich, UIUC and SJTU working on databases and data mining, and published several papers in top conferences of AI and data management fields. The algorithms designed by him have been adopted in Zenvisage, a data visualization exploration system developed at UIUC, and Acemap, an academic searching system developed at SJTU. He is also a blockchain enthusiast and an experienced developer in smart contract, and served as a teaching assistant in multiple online blockchain courses. He received National Scholarship twice during undergrad and graduated from Shanghai Jiao Tong University with honor. He filed three China patents. Linkedin.

  • Zixuan Wang, Core Developer, Rancho Wang received his Master's degree from Nanjing University. He has 6 years of Android app development experience. He worked as the Android dev lead for Nanjing Bank and Jiangsu Bank. He then worked as senior developer for Mogujie, a top e-commerce company in China, where he got 2 patents on a highly optimized Android Crash Protection System to maintain the crash rate of the app below 0.04% while the DAU was reaching 2 million. He has solid experience in app development, security safeguard and performance optimization on mobile devices. He is an early explorer and evangelist of blockchain technology with in-depth knowledge of smart contracts. GitHub.

  • Alex Wu, Designer, Alex graduated from School of Visual Arts in NYC with a Master in Design for Social Innovation because he believes our purpose is to create value for others. Prior to joining Celer Network, he had experience working at Cornell Tech, SAP, and served as design advisor at multiple startups. Linkedin.

  • Sirong Li, Marketing & Operations, Sirong received her Masters from University of Rochester. She is specialized in developing novel market strategies and making agile data-driven business decisions. At Ogilvy & Mather, Sirong delivered marketing campaign for Fortune 500 clients and boosted sales significantly. Linkedin.

  • Windy Wang, Marketing & Operations, Windy received dual degree in International Relations and International Management from Boston University. As the VP at MIT-CHIEF, she led around 50 US-based startups to get involved in the Chinese entrepreneurial community and to explore global market opportunities. Linkedin.

  • Christos Kozyrakis, Technical Advisor, Christos is a Professor of Electrical Engineering and Computer Science at Stanford University, a fellow of the ACM and the IEEE. He is broadly interested in secure and energy-efficient distributed systems.

  • Alan Mishchenko, Technical Advisor, Alan has been a Research Scientist at UC Berkeley since 2002. He specializes in building fast and scalable tools for design automation, and developing computationally efficient methods for logic synthesis and formal verification.

  • Shoucheng Zhang (late), Technical Advisor, Shoucheng is a Professor of Physics at Stanford University, a fellow of the American Academy of Arts and Sciences and the US National Academy of Science. He founded Danhua Capital in 2013 and serves as the Chairman.

Partnership Overview

  • DFINITY - DFINITY is a next-generation public blockchain system that uses a decentralized network to create a secure “Internet Computer” (decentralized cloud — “cloud 3.0”) designed to host the world’s business systems and data. DFINITY is applying novel mathematics and data structures to support its secure distributed computing network. To support developer adoption and facilitate use, DFINITY uses a WebAssembly-based virtual machine — the future software standard for the web. This enables DFINITY to deliver high performance, never-before-seen platform interoperability, and data security.

  • L4 - L4 is helping build Counterfactual, an open-source framework for generalized state channels on ethereum. Counterfactual’s goal is to make it easy for developers to build distributed applications using state channels, leading to immediate improvements in usability, speed, and cost. On August 1, L4 released the smart-contracts layer of Counterfactual. 

  • Nervos Network - Nervos Network is a blockchain network and DApp platform built with a layered architecture. Celer is collaborating with Nervos to refine the layered blockchain architecture with a close feedback loop and has identified several key cases of cross-layer optimization and interface alignment.

  • QTUM - With its unique account abstraction layer, QTUM successfully bridges Bitcoin’s UTXO model with Ethereum smart contract execution. Celer is testing out Qtum’s new x86 virtual machine and comparing that with EVM and other VM architectures for off-chain scaling.

  • Atlas Protocol - Atlas Protocol (ATP) is an application layer protocol of tokenized marketing, aiming to define a new on-chain interactive ads paradigm. Celer is partnering with Atlas Protocol to break the technical barriers of on-chain interactive advertising by using off-chain scaling techniques.

  • DxChain - DxChain is the world’s first decentralized big data and machine learning network powered by a computing-centric blockchain. Celer will develop and integrate off-chain scaling solutions on top of DxChain to further boost its scalability.

  • 500startups - After sorting through 1700+ applications, Celer Network was selected to be one of the final 22 teams joining 500 Startups’ Batch 24 in San Francisco. Celer joined the 500S’ blockchain track with a focus on accelerating growth and aiming to contribute to the development of the blockchain ecosystem globally.

  • Chainlink - Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Celer is working on a design pattern that combines off-chain conditional state transition with an on-chain oracle dependency. This collaboration introduces the capability to combine real-world information and layer-2 scalability.

  • Pantera - Founded in 2013. As the first U.S. Bitcoin investment firm, Pantera Capital is the leading blockchain investment firm and one of the largest institutional owners of cryptocurrencies. Our mission is to act as the catalyst for widespread blockchain adoption and innovation. Exclusively focused on investing in blockchain technologies, the Pantera team is experienced in both traditional finance and emergent blockchain technology. Having strong relationships with some of the most promising entrepreneurs and other top investors in the space, Pantera is fulfilling its strategic investment philosophy by building a diversified portfolio and bringing industry-specific value-add resources to its portfolio companies.

  • Danhua Capital - Danhua Capital is a venture capital fund that invests primarily in early stage and growth stage companies with disruptive technologies or innovative business models, big market opportunities and strong management team. Our fund focuses on innovations in high-tech space, including mobile Internet, big data, cloud computing, wearable computing, artificial intelligence, robotics, virtual reality, smart devices, gaming and entertainment, medical devices and other disruptive technologies. We invest in companies from early stage to growth stage, and we occasionally participate in later rounds of financing for extraordinary companies. We have a professional investment team with exceptional academic, industry and investment background. Our founding partners have been working together for over 10 years. They bring together a unique combination of solid experience in investment and entrepreneurship, extensive networks in both Silicon Valley and China, and in-depth knowledge in cutting-edge technologies rooted from their research achievements. Backed by enormous support from top-notch institutional investors, we aim to provide startup companies with a wide range of resources from both domestic and overseas markets that will unleash their potential for greater success on a global scale.

  • FBG Capital - FBG Capital is a digital asset management firm in blockchain-based capital market.

  • Stable Fund - The Stable Fund is an investment fund started by L4, in partnership with MakerDAO. They help startups using the Dai Stablecoin System with business development, financing, and strategic introductions.

  • BlockVC - BlockVC, also called BlockVanguard Capital, is a leading blockchain investment and advisory firm. It has strategic alliances in Singapore, London and San Francisco sharing best thinking and resources in order to deliver sustainable value. Vision: Bring blockchain into mainstream. Positioning: The most professional investment banking institution in the blockchain field. BlockVC establishes the investment philosophy of “build linkage of primary and secondary market” in system and creates the proprietary investment matrix. The investment strategies BlockVC provides for the blockchain projects include infrastructure protocols, application protocols and financial services and etc. All the invested projects have global and profound impact.

  • Matrix Partners China - Matrix Partners China is committed to building long-term relationships with outstanding entrepreneurs and helping them build significant, industry-leading companies. Affiliated with Matrix Partners, a premier U.S. venture capital firm, Matrix Partners China was founded in 2008 to focus exclusively on investments in China.

  • Arrington XRP Capital - Arrington XRP Capital is a digital asset management firm in blockchain-based capital markets.

  • Fenbushi Capital - Fenbushi Capital is one of the first venture capital funds focused on building world class blockchain-enabled companies. Fenbushi Capital is the first Chinese venture capital firm that exclusively invests in Blockchain-enabled companies. Our mission is to accelerate the inevitable future of Blockchain economy by supporting as many companies as possible.

  • Signum Capital - We are a Singapore-based firm that exclusively consults in Blockchain-enabled companies. Our mission is to realize the future of Blockchain economy by consulting in game changing projects and companies. We participate in Pre-sale stages of Token Generation Events and Equity investments.

  • Nima Capital - Nima Capital is a single-family office. They take a global approach to identifying companies with first mover, winner-take-all characteristics that use technology to disrupt large industries around the world.

  • OK Blockchain Capital - OK Blockchain Capital provides fully-integrated blockchain services for extraordinary projects. They provide tailored professional consultation services, advising on how to apply the power of blockchain technology, according to your company’s products or services, and business model.

  • FreesFund - Our mission is to invest in outstanding startups and to help them grow into great enterprises that will be valuable to our society. We believe in long-term value, other than short-term profit. We mainly invest in early-stage and early growth-stage startups since 2015, the year we funded with dedication and passion. We focus on 2 fields - Retail and Deep Tech, and several industries such as Education, Fintech, A.I., Biotech and Pharmaceuticals, New Energy, Industry 4.0 and more. For the past 3 years, we have received recognitions from authorized institutions and media such as China Venture, Zero2IPO Group, 36Kr, and etc. Most of them award our professionalism in early-stage investment and portfolio management. Just as starting a new company from scratch, we at FREES also have a long journey ahead. We are fearless to choose the hard way and do the right thing.

  • ZMT Capital - ZMT Capital is a Silicon Valley based VC firm investing in disruptive technology and business models. We have deep roots in areas including Fintech, Blockchain, Mobile Internet, AI, Hardware, AR/VR, and IT Infrastructure. We strive to provide extensive value add to our portfolio companies.

  • AlphaCoin Fund - AlphaCoin Fund is a Singapore-based fund focused on blockchain startups and crypo-asset investments. Leveraging its global presence and resources in blockchain industry, its mission is to provide venture capital, marketing and post-financing services to support sound blockchain startups around the world. Starting May 2018, AlphaCoin Fund has also become one of the super voting nodes for Huobi.pro, one of the top 10 crypto Exchanges in the world. Huobi supernodes consist of prestigious crypto investments organizations and have become critical for Huobi to select high quality crytos to get listed on Huobi.pro.

  • aelf - aelf is an operating system (OS) designed for blockchains. You can think of it as equivalent to the Linux system of blockchain. Its technology is designed to solve the challenges in scalability, consensus and smart contract execution with side chains and the Delegated Proof-of-Stake consensus system. It has positioned itself as a decentralized cloud computing blockchain network with the goal of allowing for commercial adoption of blockchain.

  • QuarkChain - QuarkChain is a flexible, scalable, and user-oriented blockchain infrastructure by applying blockchain sharding technology. It is one of the first public chains that successfully implemented state sharding technology for blockchain in the world. QuarkChain aims to deliver 100,000+ on-chain TPS. Currently, 14,000+ peak TPS has already been achieved by an early stage testnet. QuarkChain already has over 50 partners in its ecosystem. With flexibility, scalability, and usability, QuarkChain is enabling EVERYONE to enjoy blockchain technology at ANYTIME and ANYWHERE.

  • IoTeX - Iotex aims to build a decentralized network for Internet of Things(IoT), powered by a scalable privacy-centric blockchain. IoTeX is governed by foundation registered in Singapore. Its R&D team is based in Menlo Park, Singapore, and globally. IoTeX is connecting the physical world, block by block.

  • Neo Global Capital - Founded in December 2017, NGC strives to become one of the best investment platforms in the blockchain industry by professionally adopting best practices from traditional investments; selectively partnering with leading investment professionals and technical developers in the world; while strategically leveraging and amplifying portfolios' ecosystems to create lasting competitive advantages. NGC is one of the largest institutional investor of blockchain technologies and has been a key contributor to a number of leading projects including Zilliqa, Ontology, NKN, Oasis, Mainframe, Certik, Bluzelle, and Iotex.

  • ONEBOAT CAPITAL - ONEBOAT CAPITAL is an international investment corporation in Fin Tech industry. “ONEBOAT” implies uniting all efforts in a concerted effort and empowering the next generation to innovate in the future. ONEBOAT CAPITAL was established in 2017 and now own a leading position with its keen market insight and the teamwork spirit in times of trouble,ONEBOAT CAPITAL have invested in hundreds of outstanding Fin Tech companies by focusing on their long-term investment value. In the future, as one of the top firms in global Fin Tech industry, ONEBOAT CAPITAL will persist in its global investment horizons, excellent investment strategy and the pragmatic and moderate attitude towards development, as well as assisting new companies to promote their abilities of innovation.

  • Queschain Capital - Queschain Capital is a blockchain-focused venture capital. We meticulously analyse and audaciously invest in disruptive and transformative movements in the blockchain industry and the crypto community.

  • LYVC - LYVC is an early stage venture capital firm that backs companies and funds who share the values of integrity, pragmatism, innovation, and efficiency. We believe that great entrepreneurs create enduring companies that improve the world. Although based in the Silicon Valley, the firm has access to incredible resources in China through Li Yuan Group (立元集团有限公司). Li Yuan Group is an integrated business enterprise that develops and operates businesses across the enterprise, financial investment, and real estate sectors. Regarding financial investment, Li Yuan Group is one of the earliest Chinese private enterprises engaged in venture capital with over CNY 20 billion (USD 3 billion) under management, 100 portfolio companies, and over 30 IPOs.

  • LinkVC - LinkVC is a new cutting-edge venture capital with global view, founded in 2016 by Jiapeng Lin. From our headquarter in Singapore all the way to offices in Beijing、Hong Kong and the US, we are dedicated to investing in blockchain technology, cryptocurrency and Fin-Tech.

  • PreAngel Fund - PreAngel Fund was founded in 2011 and over time has developed a 1 billion RMB (150 million USD) portfolio, comprising 300 tech startups. Guided by the investment philosophies of “tackling social challenges with market wisdom” and “thinking outside the box and rising above adversities”, PreAngel Fund has not only prospered but also evolved into an umbrella fund that encompasses 荷多资本、喔赢资本、十维资本、伽利略资本、鼎萃资本、黄浦江资本、容铭资本、PreAngel USD. PreAngel’s list of Limited Partners include 松禾资本厉伟、美图科技蔡文胜、上海联创冯涛、东方富海陈玮、唯品会吴彬、源政资本杨向阳、老鹰基金刘小鹰、英诺天使李竹...

  • Bgogo - Bgogo aspires to be the cryptocurrency exchange of the community, by the community, for the community. It is the first digital asset exchange with supernode listing authority, designed to list the most high quality and promising digital assets. Bgogo.com is registered in Cayman Islands. Bgogo founders include members from leading Internet companies such as Facebook, Twitter, IBM, Alibaba, etc. The core engineering team consists of several world champions of the ACM International Collegiate Programming Contest.

  • MW Partner - Industries that are not adaptive to changes will face immense pressure from disruptive technologies – at MW Partners, we believe the inherent value of permissionless networks will be a game changer in the new Internet Age. We invest in founders who are passionate to lead and shape changes; founders who are able to build solid, integrative solutions which will accelerate blockchain adoption; founders who become Game-Changers. MW Partner’s mission is to enable Game-Changers to create value that benefits society in an equitable manner.

  • Blockchain Global - Blockchain Global is a leading multi-national enterprise with a vision to uplift trust throughout the digital spectrum. With 8 offices across 5 countries, the company as a venture builder has invested blockchain knowhow and +US$200m in over 50 blockchain enabled businesses. Our investments create and commercialise platforms that increase data accessibility and transparency, with the mission to bring both public and private sector systems into a more efficient and integrated future.

  • Torque Ventures - After working together for the last few years we brought our activities under one brand, Torque Ventures, in a unified effort to help the projects of the future. We have been on the forefront of the blockchain scene since 2017, supporting early stage projects around the world. We provide support to our portfolio projects from our first day of cooperation: media exposure, events and business development. We believe strongly in the principles of decentralization, which ultimately result in a positive social impact.

  • Elysium Venture Capital - Elysium Venture Capital is an investment management group that focuses on helping frontier technology companies to access the global market. With divisions in the US, Europe and Asia, the group concentrates on bridging the gap in smart capital and tech talents between Eurasia and America. The fund predominantly invests in early stage high-tech projects in intelligent software, lifestyle technology, autonomous transportation and fintech.

  • Marvelous Peach - Marvelous Peach is an investment capital focused exclusively on cryptocurrency and blockchain technologies, cofounded by F2Pool's Discus fish and Taiyi Capital. F2Pool is one of the world's largest comprehensive mining pools and has obtained major share of hash rate in several crypto currencies. Taiyi Capital is a leading financial service provider for A-share listed companies. Both founders lead us to deploy resources in crypto assets and traditional financial area. Our core team has rich experience and various types of expertise in cryptography, computer science, telecommunication, blockchain, private equity, M&A and entrepreneurship.

  • Continue Capital - Founded in 2016, Continue Capital focuses on investing in global blockchain technology, early-stage technology startup and providing Quant-Trading service. We are built to incubate and partner with those ambitious enterprises that promote technological innovation and advance business model revolution.

  • DFG - DFG (Dynamic Fintech Group) is based in the San Francisco Bay Area, focusing on blockchain investment and consulting. We have business contacts in, but not limited to, the USA, Mainland China and Singapore. Partners are elite graduates from Cornell and UC-Berkeley with solid technical, finance and PR backgrounds - including former Oracle database experts. The crew is diversified, having people from China, Scotland, the U.S.A and Singapore.

  • Spark Capital - Spark partners with visionary entrepreneurs who are driven to move people with the products and experiences they create. We invest in companies at all stages of their life cycle. Our most recent funds include a $400 million early-stage venture fund and a $600 million venture growth fund. In total we have $3 billion under management. We have offices in San Francisco, Boston and New York.

  • Bamboo Capital Partners - Bamboo Capital Partners is a commercial private equity firm making investments that matter. It finds game-changing businesses then applies a mix of geographical and sector expertise to deliver financial and social returns. Experts in energy, healthcare and financial services globally, Bamboo has offices in Luxembourg, Geneva, Bogota, Nairobi and Singapore.

  • Strategic Round Capital - Strategic Round Capital invests in early-stage startups within the emerging technology arena and has a strong focus on blockchain and distributed ledger projects. Our investment philosophy centers on identifying business opportunities with transformative potential, led by people who can demonstrate excellence in their field. Our unusual position within the digital asset market offers us unique opportunities to create value for all stakeholders in our investments. We work tirelessly for successful and rewarding win-win outcomes for all. We are based in New York and Singapore.

Social Media Links

Additional Links