What is the issuance and circulation of CELR coins?

CELR coins, initially issued in a 2018 token sale, have a total supply of 10 billion, with 60% currently in circulation and the rest reserved for various purposes.

Nov 02, 2024 at 01:47 pm

The Issuance and Circulation of CELR Coins

1. Issuance

Celer Network (CELR) coins were initially issued through a public token sale held on March 16, 2018. The token sale raised a total of $25 million, with approximately 600 million CELR coins sold.

2. Circulation

The total supply of CELR coins is 10 billion, of which approximately 60% is currently in circulation. The remaining 40% is reserved for future development, operations, and community rewards.

3. Distribution

The current distribution of CELR coins is as follows:

Public sale: 600 million (6%)
Reserved for future development: 2.5 billion (25%)
Reserved for operations: 1.5 billion (15%)
Reserved for community rewards: 1 billion (10%)
Team and advisors: 800 million (8%)
Early investors: 300 million (3%)
Marketing and partnerships: 200 million (2%)
Reserve: 2.1 billion (21%)

4. Tokenomics

The CELR token has the following key tokenomics:

Utility: CELR coins are used to pay transaction fees on the Celer Network, as well as for staking to receive rewards.
Deflationary: CELR coins are burned to pay for transaction fees, reducing the overall supply and increasing the value of remaining coins.
Governance: CELR token holders have the right to vote on proposed changes to the Celer Network.

5. Trading

CELR coins are currently traded on a number of cryptocurrency exchanges, including Binance, Coinbase, and Kraken. The current price of CELR is approximately $0.05 USD.

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