February 20, 2024

Binance Launchpad completes another successful token sale - Celer Network

Binance Launchpad has completed another successful token sale — Celer Network

In an official press release, the cryptocurrency exchange announced the final results of the fundraising forCeler Network. So, in total, the sale lasted a little more than 17 minutes, during which the amount of $4 million in CELR tokens was raised.

The Celer Network (CELR) token sale raised over $3.9 million from 3,129 investors. Individual contributions were limited to $1,500.

The total supply of tokens was 10,000,000,000 CELR, and the sale price of public tokens was – $0.0067.

According to Celer Network, the company intendsdevelop a fast, scalable payment solution that uses smart contracts to provide zero-fee transactions. Built on Ethereum (ETH), the project has already had funding rounds in 2018.

CELR tokens were sold at 0.00043400 BNB – approximately $0.006 – every. 1 BNB could buy 2,303,35821 CELR tokens. Although it was higher than the original price, it was a 55% discount.

The sale did not go smoothly, – some investors on Twitter described difficulty participating as many sell requests were backlogged and ultimately unsuccessful.

More than 39,000 potential investors tried to buy CELR tokens, only one in ten of them were actually successful.

Celer Network – this is scalingLayer 2 platform designed to ensure scalability and efficiency of blockchains. Celer Network uses a layered design consisting of "cCos", "cRoute" and "cChannel".

All in all, it looks like the Binance Launchpad is here,to give the ICO a second chance. Despite the fact that it has just started functioning and has conducted only two token sales, the community has already concluded that thanks to the Binance ICO it will return.