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DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)

Celer Network

Celer Network

Active Pools Min cap Bonus Commission Raised Rating Language Access Created
Last ICO deals

Min cap

0.2 ETH

Bonus

-

Commission

3%

Raised

10 / 412 ETH

Active

19.07.2018

Finished unsuccessfully

20.07.2018

Min cap

-

Bonus

-

Commission

-

Raised

490 ETH

Active

17.07.2018

Finished successfully

20.07.2018

Min cap

0.2 ETH

Bonus

20%

Commission

5%

Raised

100 / 100 ETH

Active

15.06.2018

Finished successfully

30.06.2018

Min cap

5 ETH

Bonus

-

Commission

5%

Raised

No data / 100 ETH

Active

04.08.2018

Finished successfully

22.08.2018

Min cap

0.5 ETH

Bonus

-

Commission

5%

Raised

163 / 363 ETH

Active

18.07.2018

Finished successfully

18.07.2018

Analytics

Category: Protocol                                                                                 Country of incorporation: Singapore   Date: 18.07.2018

 

 

 

INTRO

Celer Network - is a technological stack for off-chain scalability of modern and future blockchains to billions TPS.

 

 

TOKENOMICS

Metrics

  • ICO Time: No data
  • Token: CELR
  • Token type (not official): ERC-20
  • Hard cap (not official): $ 30M – hard cap is a bit high for the current market
  • Price (not official): $ 0.01725
  • Minimum investment (not official): 0,5 ETH
  • Bonus (not official): up to 115% (for VCs) – !!! high number !!!
  • Bounty: no
  • Accepting: ETH
  • Сan't participate: No data

 

 

Tokens distribution

  • 30%: PoLC mining reward, Off-chain ecosystem building
  • 30%: All token generation event
  • 20%: Team and advisors (2-year vesting)
  • 20%: Foundation reserve (2-year vesting)

 

 

Protective measures against the tokens depreciation

(Not official) Lock up: 9 months starting from closing the private sale. Unlock 1/3 every 3 months.

 

 

 

PRODUCT

The relevance of market problems solved by the project

The project is aiming to solve the TPS problem of modern blockchains.

 

 

 

The description of key products and project technology

To solve this, Celer Network is developing technology stack (cStack), that can be built on different blockchains and scale them with an off-chain solution.

 

cStack includes:

  • cChannel. This is the lowest layer of Celer Network that interacts with different underlying blockchains and provides the upper layer with a common abstraction of up-to-date states and bounded-time finality. cChannel uses state channel and sidechain techniques, which are both cornerstones of off-chain scaling platforms. A state channel allows mutually distrustful parties to execute a program off-chain and quickly settle on the latest agreed states, with their security and finality guaranteed by on-chain bond contracts. In order to support use cases beyond simple P2P payments, team models a system of off-chain applications as a directed acyclic graph (DAG).
  • cOS. It’s a development framework and runtime for everyone to easily develop, operate, and interact with scalable off-chain dApps without being hassled by the additional complexities introduced by off-chain scaling.
  • cRoute. Routing algorithm specially engineered for the off-chain operating network. Works along with the Distribued Balanced Routing (DBR) – decentralized, privacy preserving and fault-tolerant mechanism which making Celer Network 15x faster than Lightning Network (even with the support of ZKSNARK).

 

To complete the off-chain scaling solution, the team is introducing a suite of cryptoeconomic mechanisms, named cEconomy, that provides network effect, stable liquidity, and high availability through the Celer Network’s protocol token (CELR) and three tightly coupled components:

  • Proof of Liquidity Commitment(PoLC). PoLC is a virtual mining process that acquires abundant and stable liquidity for the off-chain ecosystem. To participate, one just needs to commit (lock) their idle liquidity to the off-chain platform for a certain period of time with CELR tokens as rewards.
  • Liquidity Backing Auction (LiBA). LiBA enables off-chain service providers to solicit liquidity through “crowd lending” with negotiated interest rates. Lenders are ranked according to their “happiness scores” that are determined by the interest rate, the amount of provisioned liquidity and the amount of staked CELR tokens. In particular, lenders who stake more CELR tokens (as an indicator for their past contributions to the ecosystems) have higher priority.

State Guardian Network (SGN). SGN is a special compact sidechain that guards the states when users are offline so that the users’ states are always available for dispute. Guardians need to stake their CELR into SGN to earn guarding opportunities and service fees from the users.

 

 

The stage progress and milestones of the project development (Roadmap)

The roadmap provides a good technical overview of the project development and doesn’t look time-stretched.

Github provides the cChanel repository (was released according to the Roadmap).

There is a demo video of MVP.

 

 

The importance of blockchain in the project

Celer Network is a technology stack that can be used to serve any underlying blockchain and won't work without it.

 

 

 

TEAM AND PARTNERS

Experience and the team achievements

The team consists of 4 employees (1 confirmed on the Linkedin profile page of the team), who are experienced in research in the tech field, engineering and software development. Members with experience in the blockchain development are not found.

 

Qingkai Liang, Co-Founder - He 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.

 

Not confirmed members:

 

Xiaozhou Li, Co-Founder – He 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.

 

Junda Liu, Co-Founder – He 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.


Mo Dong, Co-Founder – He 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.

 

 

Advisory board

Advisers board consists of 3 people but none of them confirmed on the Linkedin profile of the team.

 

Christos Kozyrakis, Technical Advisor – He 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 Adviser – He 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 – He 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.

 

 

Strategic partners

No data.

 

 

Large investors and investment funds

Confirmed: Pantera CapitalContinue Capital.

 

Not confirmed: Danhua Capital, FBG Capital, Stable Fund.

 

 

 

MARKET

Competitive environment

Direct competitors of the project can be found among the off-chain projects:

 

Lightning Network - 2,689 nodes, 8,624 channels, 33.120 BTC capacity ($217,169.00);

Raiden Network - raised - $33,4M, capitalization – $ 44,7M, ROI USD - 1,33x;

Thunder Token – ICO not available, capitalization – not available;

Taxa Network - ICO not available, capitalization – not available;

 

Solutions Caper and Plasma for the Ethereum are focused on the block validation and rather complement this project than compete with it.

 

Projects, which launched protocols based on DAG, were attractive for investors in the past and demonstrated high effectiveness of investments after entering the exchange:

 

IOTA – in the course of ICO 1,337 BTC was raised, capitalization - $3,3 billion, ROI USD - 2729x

Nano - ICO - not available, capitalization - $359M, ROI USD after entering the exchange - 300x

Byteball - ICO wasn’t held, capitalization - $78M, ROI USD after entering the exchange - 6,3x

Quark Chain - raised - $20M, capitalization – not available, ROI USD - 3,67x

Hedera Hashgraph - at the stage of Private sale $18M was raised, capitalization is unknown.

Jura - ICO - raised - $30M at seed round (not official), capitalization is not available.

Harmony – ICO not available, capitalization – not available;

 

These projects are having great teams, constantly updatable products and in them already was invested a big amount of money.

 

 

The project advantages

  • Celer Network can be used by a variety of underlying chains and decentralized applications (DApps);
  • Strong team and Advisers (although not all of them are confirmed);
  • Well-developed infrastructure;
  • The solution, that is 15x faster than Lightning Network (even with the support of  ZKSNARKS);
  • This solution is secure and privacy-preserving;
  • Token has a utility;
  • High fault tolerance;
  • There is a video demo of the MVP;
  • Friendly programming environment;

 

 

 

SOCIAL ACTIVITY

The project popularity in the social networks and discussion forums

The project is detected on the radar of the next influencers: CryptoBriefing, CrushCrypto, MMCrypto, Pico Research, ICO Drops.

 

Twitter: 3,5 followers, average number of likes per post is 10, average number of retweets per post is 5, average number of comments under the post is 1, user activity is low.

Medium: 647 followers, the average number of likes per post is 700 without 1 response, user activity is low.

Telegram: 25,2k members, admins on the Telegram-channel are responding quickly, user activity is high.

 

 

 

Fraud risk - low. Community interest - high. 

Product - 8.3
Team and partners - 8.8
Market - 8.2
Average score - 8.3

DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)