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News and updates from the world’s leading cryptocurrency exchange
Mar 07
2019
Binance Launchpad Announces Next Project Details, Celer Network

Binance Launchpad, the exclusive token launch platform of global cryptocurrency exchange Binance, today announced the launch of its next supporting project, Celer Network, a testnet deployed solution bringing Internet scale to every blockchain, on March 19, 2019 at 9am EST, 10pm GMT+8.

Celer Network has created the blockchain industry’s first known solution to comprehensively allow developers and companies to build, operate and utilize interactive and low-cost decentralized applications that match the user experience of centralized applications.

Bringing on Celer Network to Launchpad is also part of Binance’s mission in supporting and responding to the market needs in prioritizing infrastructure and development tools to advance robust utility frameworks and tangible use cases.

“The lack of valuable solutions and good user experiences of blockchain-based technologies are caused by its limited scalability possibilities which have been a major hurdle towards unlocking its significant adoption potential to date,” said Binance CEO and Founder, Changpeng Zhao (CZ). “Celer is currently at the forefront of solving this challenge with the early demonstrations of its sustainable crypto economics construct and layer-2 blockchain architect powering it.”

Through its blockchain-agonistic, layer-2 scaling technology and incentive-aligned crypto economics architecture, Celer Network enables instant, easy and secure blockchain transactions. Celer Network’s testnet currently hosts Ethereum transactions, and its finality latency, to be 20,000 times faster with zero-fees for smart contract transactions, which is positioned to unlock blockchain’s innovation potential on a larger scale for various real-world use cases and solutions such as interactive gaming, general pay-per-use services, non-custodial financial assets exchanges, microinsurance; and decentralized derivative exchanges, electricity power exchange and Internet services.

This February, during its testnet launch, Celer Network released CelerX, the earliest layer-2 application platform for iOS and Android, backed by an advanced off-chain scaling platform where CelerX users have tested and continue to use its instant and payment-free application for the skill-based game, Gomoku.

This is Binance Launchpad's third inaugural project of 2019 following the post-ICO era to help transformative blockchain startups raise funds needed to develop its products aiding in cryptocurrency adoption by providing them with Binance’s advisory resources and access to its ecosystem. Binance Launchpad hosts high-quality token projects, hoping to create a higher standard for the token launch market and continuing to help projects raise awareness and capital

Binance Launchpad continues to conduct a rigorous vetting process to select projects that are compliant, have strong teams and products with large scalability potential that benefit the global cryptocurrency community.

Learn more about Celer Network and its tokenomics from Binance’s in-depth research report here: https://info.binance.com/en/research/CELR-2019-03-05.html

Also, join Binance’s AMA with Celer Network’s CEO and Founder, Mo Dong, on Friday, March 8, 2019 at 10pm PST to ask and learn about Celer’s tokensale and layer-2 scaling platform. Stay tuned for the latest updates via the official telegram here: http://t.me/celernetwork

To learn more about Binance Launchpad and pre-registration information for Celer Network, visit: https://launchpad.binance.com/

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About Binance Launchpad

Binance Launchpad is the exclusive token launch platform for entrepreneurs to bring the most transformative crypto projects to life, with the help of Binance users around the world. Projects accepted to launch on Binance Launchpad will have greater access to resources and support from across the Binance ecosystem.

About Binance

Binance is a blockchain ecosystem comprised of Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet and Charity. Binance Exchange is the leading global cryptocurrency exchange, with users from over 190 countries and regions. Capable of processing more than 1.4 million orders per second, Binance is the largest crypto exchange by trade volume and one of the fastest in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike. For more information, visit: https://www.binance.com