{"id":12755,"date":"2019-03-05T00:00:00","date_gmt":"2019-03-05T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/03\/05\/binance-bnb-binance-announces-sale-of-celer-network-tokens-on-the-binance-launchpad\/"},"modified":"2019-03-05T00:00:00","modified_gmt":"2019-03-05T00:00:00","slug":"binance-bnb-binance-announces-sale-of-celer-network-tokens-on-the-binance-launchpad","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/binance-bnb-binance-announces-sale-of-celer-network-tokens-on-the-binance-launchpad\/","title":{"rendered":"Binance [BNB] \u2013 Binance Announces Sale of Celer Network Tokens on the Binance Launchpad"},"content":{"rendered":"
On the heels of the recently concluded Fetch.ai (FET) token sale<\/a><\/strong> on February 25<\/span>th<\/span><\/sup>, Binance is keeping up with its promise to launch at least one project every month in 2019 through its Launchpad platform<\/a><\/strong>. On Tuesday, March 5<\/span>th<\/span><\/sup>, Binance <\/span>announced<\/span><\/a><\/u><\/span><\/strong> this month\u2019s crowdsale project which should be held from 19<\/span>th<\/span><\/sup> to 24<\/span>th<\/span><\/sup>. The project is <\/span>Celer Network (CELR)<\/span><\/a><\/u><\/span><\/strong> token, a \u201cleading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions but also generalized off-chain smart contracts.\u201d<\/em><\/span><\/p>\n Binance plans\u00a0<\/span>to hold the CELR<\/span>\u00a0token sale in one session that will only accept Binance\u2019s native token the BNB. According to the released token metrics, the project is seeking $4 million through the sale of about 6% of their total token supply. The maximum token suply for this token is 10 billion and the tokens for sale will be 597,014,925 CELR. In contrast to the previous two token sales on the Binance Launchpad BTT and FET tokens, the CELR token sale will be capped at $1,500 per individual investor. FET had a $3,000 cap while BTT had a $20,000 cap. The rationale behind the reduction of the individual cap could be due to the large percentage of investors that are left out following each successful sale.<\/span><\/p>\n <\/a><\/p>\n