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When was CELR coin issued? Learn about the origin of CELR coin in one article
CELR coin, launched on November 6, 2018, is the native token of the Celer Network, used for staking, transaction fees, and governance within its scalable blockchain protocol.
Oct 27, 2024 at 02:26 am
- Background:
- CELR (Celer Network) is a cryptocurrency and blockchain protocol that enables scalable off-chain transactions.
- It was launched by Celer Network, a company founded in 2018 by Mo Dong, Dong Xiao, and Junda Liu.
- Issue Date:
- CELR coin was issued on November 6, 2018, through an Initial Coin Offering (ICO).
- Genesis Block:
- The first CELR block was mined on November 20, 2018.
- Mainnet Launch:
- The CELR mainnet went live on November 22, 2018.
- Purpose of CELR Coin:
- CELR coin is the native token of the Celer Network.
It is used for:
- Staking to participate in the network's Proof-of-Stake consensus mechanism
- Paying transaction fees for off-chain processing
- Governance, allowing CELR holders to vote on network upgrades
- Initial Coin Offering (ICO):
- Celer Network raised $20 million in its ICO, which sold 600 million CELR tokens.
- The token was priced at $0.003333 per CELR.
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