Celer Network is a high-performance Layer 2 scalability platform, which aims to realize the grand vision of bringing the Internet scale into the blockchain and helping the commercialization of the blockchain through the above technological innovations. It proposes new technical solutions and economic models on the basis of traditional off-chain solutions, and the experimental simulation results of this solution show an order of magnitude performance improvement.
CELR Token can be used as collateral for liquidity lending, anti-fraud bonds, payment medium for payment channel registration fees, transaction fees and other possible service fees. In addition, in the first 5 years of system operation, new CELR Token will be generated through PoLC mining, while LiBA only needs to mortgage the Token, and CELR will still belong to the lender after the mortgage period. When the 5-year PoLC mining period ends, LiBA will start to consume CELR, and the consumed CELR will no longer be returned to the lender, but will be injected into the system as a continuous PoLC mining reward
