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Celer Network ICO Overview
The Celer ICO and CELR Badge action an off-chain arrangement band-aid to accompany Internet-level calibration to blockchain. The Celer Arrangement is not a standalone blockchain but a networked arrangement band that utilizes ambiguous accompaniment channels for off-chain transactions. The Celer ICO targets both achievement and adaptability through innovations in off-chain ascent techniques and badge economics advised to aerate the network-effect.
‘Celer’ is abbreviate for ‘celeritas’ – the Latin chat for acceleration – and a c in physics represents the acceleration of light. This is not to be abashed with a C in Physics, which represents a casual account for a characterless student.
Celer ICO Value Proposition
On the Celer Network, end users are affiliated to a decentralized and trust-free arrangement of Celer Nodes via the cChannel, which functions as a ambiguous accompaniment channel. Amid Celer Nodes, cRoute is acclimated to avenue ambiguous states (e.g. codicillary payments) in a high-performance, arguable address amid end users. cOS, the built-in development framework, provides a acceptable agency for developers to actualize dApps (or “cApps”) that are both all-embracing and low cost.
cChannel forms the foundation of the off-chain ascent platform. It is a ambiguous accompaniment approach and sidechain apartment utilizing a DAG to supports offchain accompaniment transitions. The codicillary accompaniment annex DAG on top of the accompaniment approach and sidechain arrangement supports complex, high-performance use cases like gaming, insurance, anticipation markets and decentralized exchanges.
cRoute is acclimated to avenue ambiguous states (e.g., codicillary payments) in a arguable and able way amid end users via accompaniment acquisition algorithms. Celer address a x15 advance in achievement on the beeline aisle algorithms acclimated by offchain ascent solutions Lightening Network and Raiden.
cOS is the mobile-based off-chain operating arrangement of the Celer Network, complete with a development framework to bound body and accomplish scalable off-chain dApps. cOS provides architecture templates and handles the operation, storage, tracking, and altercation of off-chain states, alms simple to use APIs for the assimilation of functions like codicillary payments.
As an analogy, the aggregation analyze cOS to the in app architecture arrangement on WeChat, which enables APIs for developers to body mini-apps central the platform. Moving above off-chain payments, cOS additionally provides the API and architecture framework for added circuitous off-chain accompaniment transitions, accretion the use case account of the Celer Network.
Four Layer Architecture of Celer Network
The CELR badge is the sole agency of transacting amount on the Celer Network. The Celer Network utilizes a Proof of Clamminess Commitment (PoLC) mechanism, which works like a staking protocol, to actualize acceptable clamminess for accompaniment approach account providers to function.
Participants can lock their abandoned liquidity, for archetype ETH, in a Collateral Commitment Contract (CCC). Once a CCC is constructed, it will alpha to accept anew generated CELR token. The Celer ICO proposes the allurement to accept CELR through this apparatus will advice actualize an abounding and abiding clamminess basin acute for the Celer Network’s action and expansion.
Another incentivized clamminess apparatus is the Clamminess Binding Auction, or LiBA. LiBA enables accompaniment approach account providers to admission clamminess through “crowd lending”. For example, a accompaniment approach account provider can host a LiBA on the arrangement to admission clamminess for a assertive bulk of time through a behest mechanism. The approach provider pays absorption to the lender for the bulk of time the clamminess is available.
Finally, on any off-chain accompaniment channel, availability ecology provides an capital allowance action in case users go offline. The Accompaniment Guardian Arrangement (SGN) is a appropriate bunched sidechain to “guard the states” aback users go offline and accompany the best contempo states aback on-chain aback necessary. The SGN is monitored by “Guardians”, who abide a pale of their CELR tokens to the network. Users can again pay CELR to Guardians, which they accept over the aeon of time they bouncer the user’s accompaniment aback offline. The added CELR that is staked, the college the likelihood of acceptable a Guardian.
With the accomplishing of PoLC mining, LiBA and the SGN, Celer aims to actualize a added nuanced tokenomics model, accepted as the cEconomy, to aerate the action and advance of the network. In accession to absolute payments, the CELR badge functions as a apparatus for clamminess and an allurement to bouncer states.
Celer ICO Team
Mo Dong was the founding architect and artefact administrator at Veriflow, area he developed bookish analysis algorithms for broadcast systems. He has an all-encompassing bookish accomplishments in computer science and teaches full-stack acute arrangement programming courses. Mo accustomed his PhD in Computer Science from University of Illinois at Urbana Champaign. His complete resume is accessible here.
Junda Liu is a 7 year adept of Google, area in 2011 he developed their abstracts centermost networking infrastructure. He connected at Google as a Senior Android Engineer, area he contributed to developing the Project Fi adaptable service. Junda accustomed his PhD in Computer Networks from UC Berkeley.
Xiaozhou Li specializes in developing scalable algorithms and protocols that accomplish aerial achievement at low cost. His solutions accept become amount apparatus of Google TensorFlow, Intel DPDK, and Barefoot Deep Insight. Xiaozhou holds a PhD in Computer Science from Princeton University.
Qingkai Liang holds a PhD in Computer Networks from MIT and as a researcher there spent 4 years developing and optimizing networked systems. His high-performance acquisition algorithms accept been activated to articles at Raytheon BBN Technologies and Bell Labs.
Celer ICO Strengths and Opportunities
Celer has placed a accurate accent on tech development and befitting their association abreast on the appliance of the assorted innovations deployed by the network. To authenticate the full-stack MVP, the aggregation appear a video of their aboriginal cApp congenital on the Celer Arrangement alleged cGomoku.
With the absolution of the MVP demo, the aggregation accept apparent their charge to developing the Celer Arrangement by showcasing the activity of their avant-garde architectonics at this aboriginal stage. As the aboriginal cApp congenital with cOS, the audience of cGomoku both highlights the functionality of the development framework and the arrangement itself.
The aggregation draw anon on their acquaintance researching and architectonics avant-garde tech solutions for developing the architectonics of the Celer Network. Mo Dong developed academic arrangement analysis algorithms at his antecedent company, Veriflow. Junda Liu, Qingkai Liang and Xiaozhou Li accept abounding acquaintance developing high-performance broadcast systems and arrangement basement for applications at the action level.
The aggregation accept a history of transforming abstract adeptness into anatomic applications and with that, advance a aerial akin of aplomb in their adeptness to bear on their aggressive vision.
Celer ICO Weaknesses and Threats
Off-chain ascent solutions are in no abbreviate supply, but their bazaar caps allegorize that some accept collapsed out of favor with the advance association to a degree. Lightning Network, Raiden and Trinity all booty aim at accouterment off-chain acquittal scaling. Beyond authentic payments, solutions like Plasma and Loom Network accommodate a alleyway for the development of ciphering accelerated applications.
The Celer Network has several aspects that analyze it from added off-chain ascent solutions: x15 faster affairs than Lightning Network or Raiden; a developer apartment and badge arrangement advised to incentivize adoption; and blockchain doubter compatibility.
But the acceptance of Celer is not aloof about developer apartment functionality and badge economics.
Community architecture and business strategies to drive absolute acceptance are acute for the success of the Celer Network. Up until this point, the aggregation accept fabricated bright their focus charcoal on artefact development. Yet as we know, the alley to onboarding developers, contributors and users is not as aboveboard as bearing alike the best technically applicable band-aid for offchain scaling.
For Celer to booty a advance role as a ascent solution, austere absorption charge be paid against architecture an ecosystem of users. While the aggregation associates are highly-qualified tech experts and alike accept acquaintance with startups, business Celer to the added association will crave added ability and resources. A added counterbalanced aggregation with cadre accurately committed to architecture partnerships and overextension acquaintance would added strengthen the activity as it progresses.
The Verdict on the Celer ICO
The Celer ICO offers one of the best applicable band 2 projects for bringing scalability to the blockchain. On a abstruse level, Celer employs atypical solutions for accessing clamminess and advancement availability of user states; two issues adverse all off-chain ascent networks. With the appropriate strategies to advance acceptance of the Celer Network, the activity could be a top adversary in the ascent race.
Additional Information
We accept been in discussions with the Celer ICO aggregation and our ratings are based on conversations and advice that they accept asked us to accumulate confidential. While it may assume abortive to amount their ICO highly, we accept been fabricated buried to insights that advance a actual able project, and we will amend this analysis back the Celer ICO aggregation is accessible to allotment added data.
The Celer ICO aggregation has a Telegram Group at https://t.me/CelerNetwork for added actual updates.
As a Top 5% rated project, we took a medium-sized position in Celer Network ICO (CELR Token).
Learn added about the Celer ICO in our 4900 affiliate Telegram Group.
CELER ICO REVIEW SCORES
SUMMARY
The Celer Network ICO (CELR Token) is attempting to about-face the trending angle that off-chain solutions are no best all-important or attractive. The team, with their categorical bookish accreditation and absorbing experience, accept addressed this erroneous abstraction head-on, by authoritative it bright that while sharding and added on-chain solutions accept their place, an ‘Internet-grade’ blockchain is not accessible with these technologies alone. We acclaim their able attitude and the actuality that they already accept an MVP. Despite able aboriginal abutment in the crypto community, we would like to see a stronger nod against the commercialization of their tech through accumulation adoption, and attending advanced to revisiting the activity soon.
Founding Team……………………….8.6
Product…………………………………..8.4
Token Utility…………………………..9.8
Market…………………………………..8.7
Competition…………………………..6.2
Timing……………………………………8.6
Progress To Date……………………7.1
Community Support & Hype…..8.5
Price & Token Distribution……..7.7
Communication……………………..9.3
FINAL SCORE……………………….8.2
UPSIDES
DOWNSIDES
Today’s Date: 6/17/18
Project Name: Celer
Token Symbol: CELR
Website: https://www.celer.network/
White Paper: https://www.celer.network/doc/CelerNetwork-Whitepaper.pdf
Additional Information: https://t.me/celernetwork
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
