Check out the full blog post below?https://t.co/acLLQKCs8V
— Binance (@binance) March 7, 2019
According to a press release shared with SludgeFeed, the token sale will be conducted on March 19 at 9:00 AM EST (10:00 PM GMT+8). If previous Binance Launchpad sales are any indication, investors can expect the available supply to dry up in under 20 minutes.
The decision to support the sale of Celer seems to be driven by the project’s focus on building up the crypto industry’s infrastructure and development tools to advance utility frameworks and real-world use cases. Celer Network’s blockchain agnostic architecture allows for instant, easy and secure blockchain transactions via layer-2 scaling and incentive-aligned economics.
“The lack of valuable solutions and good user experiences of blockchain-based technologies are caused by its limited scalability possibilities which have been a major hurdle towards unlocking its significant adoption potential to date,” said Binance CEO Changpeng Zhao. “Celer is currently at the forefront of solving this challenge with the early demonstrations of its sustainable crypto economics construct and layer-2 blockchain architect powering it.”
The previous two projects to conduct token sales via the Binance Launchpad this year were BitTorrent (BTT) and Fetch.AI (FET). While BTT’s launch helped propel it to significant post-listing gains, FET has struggled since listing at a 340% premium.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.