There has been a lot of exciting news on the front – one of them being that the very famous Celer Network will be given the opportunity to be the next token sale on Binance Launchpad. For all those who are blinded to what you are reading, this is some very invigorating news!
Before we indulge in further information, let us explore what Celer Network is!
About Celer Network :
Celer network was founded by, four PhDs from MIT, Princeton, UC Berkeley and UIUC. What this network does is that it enables easy and effective off chain transactions. This is done not only for payment transactions but also for generalized off chain smart contract. The team has also accomplished in launching
Many must be wondering what the point of Celer Network really is. Celer is a highly effective platform that wishes and aims to bring mass adoption for blockchain incorporated by an advanced 2 layering technology!
Not only this, Celer provides a two-sided value proposition to both developers and end users of the network. We are going to elaborate its functions with the users as well as with the developers.
As far as the users go, there is instant transaction – Celer makes transactions 10,000X faster. Second, Celer is a platform where one can have fun. Here users will find a variety of Celer apps – these will include everything from instant payments to games and prediction markets. And lastly, when it comes to users, they can pay small payments to any person with zero fee. This only leads to higher earning for merchants using Celer Network
As far as its connection with developers go, it is highly easy to build. Second, Celer reduces user friction and hence enhances mass adoption of decentralized applications! Third and final, Celer Network also leads to easy monetization.
Moving on, the very popular Binance Launchpad is turning to be the largest Initial Coin Lauch platform. It has provided Celer Network with the opportunity to be a part of the next token sale!
The token sale to take place on March 19th, 2:00 pm. This is a good opportunity for investors who missed out on BitTorrent or Fetch.
This token sale is going to be a little different from the others. This sale is going to have an individual cap of $1,500 USD. This will result in people buying small number of coins with a single account. Many must be wondering why that is happening – Mainly because the very first sales were overcrowded. At that time, the individual cap was $20, 000 USD. All that was spent on the tokens leading to many investors being locked out of the sale!
As already mentioned above the token sale will start on March 19th and will go on till March 24th. It is expected that the tokens will be sold out only in a matter of seconds. The total token supply will be 10,000,000,000 CELR and token will cost 0.0067 USD, but one can only buy them using BNB tokens. The hard cap is $4 million USD and the first ones to order will get the tokens.
Many have raised concerns regarding the ICO price of Celer Networks. It has been pointed out the Binance Launchpad is selling it at a much lower price. To be exact, Launchpad will be offering Celler at around 50% and above discount.
Thus, this is going to be a good time for investors who missed out before! The Celer Network is going to be Binance Launchpads third sale.
Binance has also laid down several other pointers regarding the sale
- Launchpad Session Time: Will start on 19th March, 2:00 pm
- Token Name: Celer Token (CELR)
- Total Token Supply: 10,000,000,000 CELR
- Total Tokens Allocated to Binance Launchpad: 597,014,925 CELR
- As far as the Public Token Sale Price is concerned: 1 CELR = 0.0067 USD (Prices in BNB will be set on the day of the sale)
- Tokens will be served on first come first basis
- Individual Cap: 1,500 USD Equivalent
- Supported Sessions: BNB only
- Hard cap: $4 Million
Increase in BNB from 24 December 2018 to 18 March 2019:
By contrast, the prices of Binance Coin saw an exponential increase from approximately $6.32 to $16 from December 24, 2018 to March 18, 2019, which has marked the beginning of the remarkable trend like Bitcoin once had. It is expected that it can hit the same benchmark set by Bitcoin going forward in a few years’ time. This sudden increase in the prices of Binance Coin clearly shows that it has a bright future in the market. From the below given line graph, you can witness the continuous increment in the prices of Binance Coin.
Why are the prices of BNB increasing?
Everybody is surprised with this unexpected bounce of BNB when over half of the crypto market did trade in red, only BNB was green on March 17, 2019.
The credit of this significant growth of BNB in past few weeks is thought to be because of impact of multiple high-profile events. Recently, Binance Blockchain week was there. Then, Binance Jersey was launched in past few weeks only. This is true that the sudden change in the market of BNB has happened due to the announcement of significant events.
Some researchers even say that the reason behind BNB prices getting geared up is the launch of Binance Launchpad which made BNB more popular in the market. This Launchpad project is for fundraising in which tokens can further be launched. Launchpad started off with the sales of recently launched BitTorrent BTT. In this, $7 million was raised only in first 20 minutes.
Of course, there is also a correlation between the volume and the prices. There is no doubt that the price is increasing in accordance to the volume. Other prime reason for the increase in BNB volume is launch of Fetch on the Binance Launchpad after BTT which happened on February 25, 2019. Apart from this, the increase in the prices of BNB is also because every token launched on the platform accepts BNB.
You can see how the prices of Binance Coin changed with the help of below given table. The table shows the data from first two weeks of March.
As it can be seen from the above data given in the table, BNB had a huge change in its prices only in 14 days. It opened on a decent price of $11.548 and hit a closing price of $15.778 by March 17, 2019. So, the customers could be able to make enough money by this unexpected change in its prices.
This surge of BNB is also due to coin burning. In this process, the coins are permanently removed from the circulation which ultimately reduces its supply.
Why should new customers purchase Binance Coin?
There is no doubt that BNB has become a buzzword in global market due to its increasing trend. It has even created the sense of fear among other cryptos present in the market because it is exceeding them all on a very fast pace. One can make a good profit in a short time by purchasing BNB. What’s more, it will be a golden opportunity for new users to make innumerable profit by holding Binance Coins for at least 5 or more years because BNB prices are likely to go up in the future. People who prefer trading should definitely try to invest in this crypto of fortune. You can see how the prices of BNB/USD are expected to soar in a few weeks’ time.
According to the forecasts,