Binance Launchpad, the token sale platform of leading cryptocurrency exchange Binance, has successfully completed the $4 million public token sale of Celer Network (CELR). Investors could participate in the token sale only through Binance Coin, BNB, and one CELR token was priced at 0.000434 BNB. A total of 597,014,925 CELR tokens were sold to the participants in 17 minutes and 35 seconds.
Celer Network is a layer 2 scaling platform that facilitates fast, easy and secure off-chain transactions. This can be used for payment transactions as well as generalised off-chain smart contracts. You can learn more about Celer Network here.
The Celer Network token sale was the third token sale on Binance Launchpad after BitTorrent Token and Fetch.AI. Just like the earlier token sales, Celer Network also witnessed massive investor participation and was also seen as one of the key reasons for the recent surge in BNB prices.
In addition, Celer Network has been recently vetted by blockchain security platform – CertiK Foundation. CertiK has completed a security audit for Celer Network and the results have indicated that the smart contract used is of high quality. The foundation has also not found any critical vulnerabilities in Celer Network. More information can be found on the CertiK blog.
Binance CEO Changpeng Zhao’s tweet summed up the investor interest in CELR:
(Image Credit: Celer Network | Twitter)