3rd Binance Launchpad session: $CELR sale on March 19, token price set

05 Mar, 2019 | Updated: 05 Mar, 2019
by Richard Allen
Breaking News
3rd Binance Launchpad session: $CELR sale on March 19, token price set

Binance has just announced the third token to be launched on Binance Launchpad: Celer Network (CELR).

The CELR token sale will commence on March 19, 2019, 2:00 PM (UTC) and will have one session only, with Binance Coin (BNB) being the only accepted currency. The sale will continue until March 24, 2019, 2:00 PM (UTC). The public token sale price for 1 CELR will be $0.0067 with BNB prices being set on the day of the sale.

According to Binance’s in-depth report of the project, the Celer Network is a layer-2 scaling platform that enables fast, easy and secure off-chain transactions for payments and generalized off-chain smart contracts. The Celer Network also features zero off-chain smart contract transaction fees, is horizontally scalable as additional nodes join, and has already achieved 10,000x transaction latency reduction.

CELR will be the third token launched on Binance Launchpad. On January 17, Justin Sun confirmed that BitTorrent token (BTT) would be the first project launched on the platform. Despite some minor setbacks, the launch was an overall success, raising $7 million in less than 20 minutes.

Read more: BitTorrent (BTT) ICO raises $7 million in under 20 minutes

Fetch.AI (FET) was the next project launched on the platform with sales beginning on February 25. FET saw a hugely successful token sale, raising $6 million in 22 seconds. There's always a huge amount of hype surrounding token sales on Binance Launchpad, so there's a good chance we'll see similar sentiment during the CELR launch. Whether it'll manage to beat FET's performance, however, remains to be seen.

Read more: Fetch.AI raises $6 million in 22 (!) seconds on Binance Launchpad

Binance Coin has been defying the bear market lately with 15% gains. In response to the announcement, BNB has climbed even further with gains now just under 20%. BNB is trading at $13.33.

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