Buy Celer Network (CELR)

Reasons to Buy Celer Network (CELR)

• The biggest reason behind buying a Layer-2 solution like Celer Network is the provision of long-term scalability – something top coins like Ethereum and Bitcoin cannot promise just yet.
• The project is a part of the Polkadot ecosystem – a highly reliable and fundamentally-strong network in the crypto world.
• CELR supports both on and off-chain transactions for both payments, and smart contracts.

CELR is a Binance Launchpad token that is working to develop technologies that allow blockchains to process billions of transactions per second as a collective without compromising security. Just like other layer-2 solutions, CELR allows users to process transactions in smaller bunches, making them easier to handle. Celer does not use sidechains, however. It increases the operational efficiency of the blockchain by working on top of existing blockchains.

Things to consider before buying Celer Network (CELR)

• CELR works on a Proof-of-Liquidity model – which means that users who lock their coins on the network for a set period of time get more CELR tokens as a reward.
• Provides for Liquidity Banking Auctions (LiBA) – LiBA allows service providers to extract liquidity from the markets through crowdlending on Celer.
• Accomplished core team – The development team at Celer consists of highly experienced and skilled founders from top universities like Princeton and MIT.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.