The Celer ICO offers one of the most viable layer 2 projects for bringing scalability to the blockchain. On a technical level, Celer employs novel solutions for accessing liquidity and maintaining availability of user states; two issues facing all off-chain scaling networks. With the right strategies to promote adoption of the Celer Network, the project could be a top contender in the scaling race.
Our thoughts on buying the tokens for flipping and investing for the long term are as follows:
For flipping: A
Considering the detailed token metrics, including the lock-up terms for private sale, we believe the project offers great short-term potential.
For long-term holding: S
We really like the long-term prospect of the project. In fact, we believe Celer is one of the most technically advanced projects that we have looked at that is led by a capable team.
We believe on-chain and off-chain scaling solutions are both needed to take decentralized applications to mainstream. No matter how robust on-chain scaling solutions become, the latency is still far higher than off-chain solutions. We believe end users care about user experience more than anything else.
Celer, being blockchain agnostic, has a much higher chance to succeed than projects that are only compatible with a single blockchain. We also like how CELR tokens help the network to become more efficient. Therefore, we believe CELR tokens have a great long-term potential.
Picolo Research presents a favorable ‘buy’ rating on Celer Network. Celer’s off-chain full stack architecture coupled with their cryptoeconomics mechanism puts the project favorable as a more advance technology against its peers. Furthermore, we are confident in the team’s abilities to fulfil the project milestones and the potential possibilities such as scaling solution can achieve.
Passed on that.
Celer is one of the more technically advanced projects involved in the area of off-chain scaling, and is backed by strong team comprised of academically and technically gifted individuals. In addition, both on-chain and off-chain scaling solutions are still needed to help foster mass adoption, and off-chain solutions appear to have the advantage in terms of speed and end user experience. The Celer Network currently boasts x15 faster transactions than Lightning Network or Raiden. On top of this, the project also boasts blockchain agnostic compatibility which should bode well; however, Celer is operating in an area that appears to be falling out of favour with investors. Projects such as Raiden and Trinity have seen their market caps begin to dwindle while there is also competition in the form of projects like Lightning Network, Loom Network, and Perun Network.
In order to be successful, the Celer team must build an ecosystem of users, and incorporate marketing strategies to draw in users and foster a significant amount of adoption. Currently, no business development strategies have been provided by the team and if the team get this aspect right, then Celer may prove to be one of the stronger performers in the sector for years to come.
Market Competitive environment:
Direct competitors of the project can be found among the off-chain projects:
Lightning Network - 2,689 nodes, 8,624 channels, 33.120 BTC capacity ($217,169.00);
Raiden Network - raised - $33,4M, capitalization – $ 44,7M, ROI USD - 1,33x;
Thunder Token – ICO not available, capitalization – not available;
Taxa Network - ICO not available, capitalization – not available;
Solutions Caper and Plasma for the Ethereum are focused on the block validation and rather complement this project than compete with it.
Projects, which launched protocols based on DAG, were attractive for investors in the past and demonstrated high effectiveness of investments after entering the exchange:
IOTA – in the course of ICO 1,337 BTC was raised, capitalization - $3,3 billion, ROI USD - 2729x
Nano - ICO - not available, capitalization - $359M, ROI USD after entering the exchange - 300x
Byteball - ICO wasn’t held, capitalization - $78M, ROI USD after entering the exchange - 6,3x
Quark Chain - raised - $20M, capitalization – not available, ROI USD - 3,67x
Hedera Hashgraph - at the stage of Private sale $18M was raised, capitalization is unknown.
Jura - ICO - raised - $30M at seed round (not official), capitalization is not available.
Harmony – ICO not available, capitalization – not available;
These projects are having great teams, constantly updatable products and in them already was invested a big amount of money.
The project advantages:
Celer Network can be used by a variety of underlying chains and decentralized applications (DApps);
Strong team and Advisers (although not all of them are confirmed);
The solution, that is 15x faster than Lightning Network (even with the support of ZKSNARKS);
This solution is secure and privacy-preserving;
Token has a utility;
High fault tolerance;
There is a video demo of the MVP;
Friendly programming environment;
The project popularity in the social networks and discussion forums
The project is detected on the radar of the next influencers: CryptoBriefing, CrushCrypto, MMCrypto, Pico Research, ICO Drops.
Twitter: 3,5 followers, average number of likes per post is 10, average number of retweets per post is 5, average number of comments under the post is 1, user activity is low.
Medium: 647 followers, the average number of likes per post is 700 without 1 response, user activity is low.
Telegram: 25,2k members, admins on the Telegram-channel are responding quickly, user activity is high.
Sidechain Scaling solution to ethereum with claims to execute 1 billion TPS in future . Team/ Tech & Advisors are solid. However the token metrics looks bad especially after the fall in ethereum price. Seed and private round may have significant bonus over crowdsale. Most developments mainet go live by Q2 of 2019 . Better watch and maybe buy on exchange
First of all, Celer Network IEO takes place on the Binance Launchpad that has already brought a lot of attention to the project, and hype around it (BitTorrent - 10x ATH, Fetch.ai - 5.5x ATH).
Celer Network is backed by PhDs from MIT, Princeton, UC Berkeley and UIUC. The project has an all-star team with years of industry experiences from top startups or tech giants like Google, Amazon, Cisco, HP and more.
The project has working MVP and a public testnet 2.0, Sirius. Moreover, Celer has technical partnerships with QuarkChain, Ankr Network, aelf, IoTeX, Qtum, Nervos, Chainlink, Dfinity etc.
Celer network has already raised up to $30,000,000 on seed and private rounds. The hardcap for the IEO is $4,000,000. Taking into account BitTorrent and Fetch.ai public sales we can expect overdemand and Xs in the short-term.