https://www.celer.network/

https://www.celer.network/

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Сeler network – solving the scaling problems of the existing and future blockchains by using the offchain solutions 

Dates:

Crowdsale will be held in two months.

Metrics:

Ticker Name: CELR 

Total Number of Tokens: 10 billion 

Token Distribution: 

30%: PoLC mining reward, Off-chain ecosystem building 

20%: Team and advisors (2-year vesting) 

20%: Foundation reserve (2-year vesting)

30%: All token generatinon event:

1. Seed and private: $30.75M for 27%

2. Public: TBA but price just 10% more that private

Social metrics:

The age of the website is 2 months.

Daily traffic: 1669 views; 41 viewers.

Information about Alexa traffic: 26% in the USA, it started to grow from the middle of June.

Twitter page was created in the beginning of may, 3700 followers, they are artificially increased, because there are few likes, high activity, there are many photos of presentations from conferences, tweets about partnership

Telegram was created in the beginning of may, 30K+ followers, active, the admins actively answer the questions. The admins tell that they have no plans concerning the bounty program and airdrop.

Additional information: they have a medium, 7 posts, many claps, the first post was on May 15.

Characters:

Team.

All 4 founders came from academic environment and received PhD degrees in Computer Science at American universities. Everyone has working experience in the largest teams of California such as: Google, Intel, middle strong companies like Veriflow, Barefoot Networks. The team is strong as a whole, all members are engineers with great profile experience.

1. Dr. Mo Dong - 440 contacts. He received a PhD degree in Computer Science at the middle University in Illinois. He was a design engineer and a product manager at Veriflow (middle American company). He is an expert in application of algorithmic theory of games for protocol design. Dr. Dong led project revolutionizing Internet TCP and improved cross-continental data transfer speed by 10X to 100X with non-regret learning algorithms. His work was published in top conferences, won Internet2 Innovative Application Award and being adopted by major Internet content and service providers. Dr. Dong was a founding engineer and product manager at Veriflow, a startup specializes in network formal verification. The formal verification algorithms he developed is protecting networking security for fortune 50 companies. Dr. Dong is also experienced in applying Algorithmic Game Theory, especially auction theory, to computer system protocol designs. He has been teaching full-stack smart contract courses. He produces technical blogs and videos on blockchain with over 7000 subscribers.

2. Dr. Junda Liu - 306 contacts. Dr. Junda Liu received his Ph.D. from UC Berkeley, advised by Prof. Scott Shenker. He was the first to propose and develop DAG based routing to achieve nanosecond network recovery (1000x improvement over state of art). Dr. Liu joined Google in 2011 to apply his pioneer research to Google’s global infrastructure. As the tech lead, he developed a dynamic datacenter topology capable of 1000 terabit/s bisection bandwidth and interconnecting more than 1 million nodes. In 2014, Dr. Liu became a founding member of Project Fi (Google’s innovative mobile service). He was the tech lead for seamless carrier switching, and oversaw Fi from a concept to a $100M+/year business within 2 years. He was also the Android Tech Lead for carrier services, which run on more than 1.5B devices. Dr. Liu holds 6 US patents and published numerous papers in top conferences. He received BS and MS from Tsinghua University.

3. Xiaozhou rXiaozhou - 500+ contacts. Dr. Xiaozhou Li received his Ph.D. from Princeton University and is broadly interested in distributed systems, networking, storage, and data management research. He publishes at top venues including SOSP, NSDI, FAST, SIGMOD, EuroSys, CoNEXT, ToN, and won the NSDI’18 best paper award for building a distributed coordination service with multi-billion QPS throughput and ten microseconds latency. Xiaozhou specializes in developing scalable algorithms and protocols that achieve high performance at low cost, some of which have become core components of a few widely deployed systems such as Google TensorFlow machine learning platform and Intel DPDK packet processing framework. Xiaozhou worked at Barefoot Networks, a startup company designing the world’s fastest and most programmable networks, where he led several groundbreaking projects, drove technical engagement with key customers, and filed six U.S. patents.

4. Qingkai Liang - 232 contacts. Dr. Qingkai Liang received his Ph.D. degree from MIT in the field of distributed systems and network security. He first-authored over 15 top-tier papers and invented 5 provably-optimal adversarial resistant routing algorithms that have been successfully applied in the industry such as in Raytheon BBN Technologies and Bell Labs. He was the recipient of Best Paper Nominee at IEEE MASCOTS 2017 and Best-in-Session Presentation Award at IEEE INFOCOM 2016 and 2018. He received the BS degree from Shanghai Jiao Tong University in China.

More team members in the end of the report (Additional information)

Advisors.

Advisors came from academic environment: all of them have better regalia than the team members

Dr. Christos Kozyrakis – Professor of Electrical Engineering and Computer Science at Stanford University, Professor of Swiss Federal Institute of Technology in Lausanne, Member of ACM and IEEE (these are the latest prestige academic computer associations in the USA). His most interest are safe and energy-efficient distribution systems.

Alan Mishchenko – a Researcher at UC Berkeley since 2002. He creates quick and scaled instruments for designing automation and development of numerical efficiency methods of logical synthesis and formal check. He graduated from Moscow University of Physics and Technology in 1993. He started to work at Berkeley in 2002.

Dr. Shoucheng Zhang – Professor of Physics at Stanford University, a Member of Americal Academy of Sciences and Nathoial Academy of Sciences of the USA. He founded the Danhua Capital in 2013, and is its Chairman.

Partners / investors.

They have a great partnership. Pantera, DHVC and FBG Capital are already “on board”. This seems to be an incomplete list, but strong funds are already in the project. They have a partnership with QTUM, Celer platform will be completely compatible with this blockchain network.

Technologies and idea:

WP.

The platform, which may be an add-on of the existing or future blockchains and which will allow to add offchain solutions.

It needs several add-ons:

-cChannel – lower layer, interacting with lower blockchains and upper layers, providing them with current data. Offchain contracts, generation of offchain transactions, state exchange.

-сRoute – value transmission layer. 

-сOS – framework for Dapps design.

Token economics is standard. It is generally accepted that the network will not be functioning without token value, because its participants will have no motivation to support the functioning of the network.

Onchain locking of tokens is required for value transmission in offchain.

They offer their innovations:

- PoLC – the process of virtual mining by locking their own actives. It means that thereby increased liquidity will be created (as I understood, this is something like a liquidity pool).

- LiBA – the process of lending the liquidity from the crowd to the service providers. The more tokens the network participant gives, the better priority their tokens will have for lending and more authority they will have.

- SGN – the system of controlling the state of balances of the network participants when someone is offline. You should lock the tokens to be a “guard”.

WP describes interactions of onchain and offchain state of network and mechanisms of withdrawal of actives from offchain in various situations. It foresees side-chain solutions, where the users may froze their means on a smart-contract and carry out slidechain calculations where blocks will be produced by the third party.

In total, the WP is rather detailed: their model is mathematically justified, they have simulation reports, capacious explanations of the above listed technologies, formulas, explanations. It makes a good impression.

The information about the metrics:

- 30%: mining and design of offchain ecosystem

- 30%: all sales

- 20%: the team and advisers with 2 years of vesting 

- 20%: reserve with 2 years of vesting

MVP.

They have an MVP (video), which shows the transactions from the network ETH to the network Celer with a mobile application, and a decentralised game work.

GitHub.

They have it, but they say that the whole code has not been released yet.

A released code consists of 1 repository with only 8 commits on JavaScript and two contributors. A released code is a binding of Celer Network to the Ethereum network with smart-contracts. A powerful functional is announced: from the support of ERC20 tokens to a compulsory withdrawal of own assets in case of force-majeure.

I found a dialog with the admin in their chat: a community participant is upset because the code is small, he asked about it a month ago, they told him to wait and he still waits.

Summary:

The team, advisors and funds are on a relatively high level, the metrics are adequate, they solve urgent problem.

They have MVP, good and detailed WP (with formulas and mathematical substantiation of the model).

Of course, I would like to see more code, but the Telegramm admins promise that the code will be more publicly accessible quite soon.

This project seems to be one of the leaders in this season.




Additional information

Team members.

5. Michael Zhou
Michael Zhou received his Masters from MIT. His research focused on programming models targeting massively parallel data flow architecture. At Google, he worked on compilers, static analyzers, virtual machines and development framework that support products serving billions of users

6. Rancho Wang
Rancho Wang received his Master’s degree from Nanjing University. He has 6 years of Android app development experience. He worked as the Android dev lead for Nanjing Bank and Jiangsu Bank. He then worked as senior developer for Mogujie, a top e-commerce company in China, where he got 2 patents on a highly optimized Android Crash Protection System to maintain the crash rate of the app below 0.04% while the DAU was reaching 2 million. He has solid experience in app development, security safeguard and performance optimization on mobile devices. He is an early explorer and evangelist of blockchain technology with in-depth knowledge of smart contracts.

7. Yan Zhang
Yan Zhang got his M. Eng. in Secured Information System from Supélec, the most prestigious grande école in France in the field of electrical engineering, energy and Information sciences. He got his B. Eng. from BUPT, with a major in Telecommunications Engineering. During more than 10 years, as one of the earliest pioneers and major contributors in mobile technology, Yan laid a solid foundation for the emergence, proliferation and prosperity of Europe’s mobile market. He has developed from scratch and released dozens of mobile tech products ranging widely from the most popular music app in Europe, to UK’s most downloaded cinema app; from the yellow pages app that broke the monthly active users record on Blackberry App World, to his award-winning finance and energy management app on smart glasses; from his home automation system interacting with smart watch, to the world’s most widely used intelligent urban furniture based on the embedded Android system. As a mobile expert at a French telecom carrier, Yan was the first to enable secure NFC payment on Android system with the NXP library, months before a similar Google product. In 2015, Yan joined a startup as the first engineer, created and led a tech team who was the annual champion of entrepreneurship beating 500 competitors, and was received by the French president. The project has become the world’s largest scalable AR UGC platform.

8. Yunjia Dai
Yunjia received his Master’s degree from Columbia University. He joined Google display ads in 2014 to develop and evolve ad serving infrastructure for various products including AdSense, DoubleClick for Publisher and DoubleClick Bid Manager. He was the tech lead for display ad serving-reporting API and infrastructure which handle millions of events per second.

9. Pengying, Windy Wang
Pengying, Windy Wang graduated from Boston University with the dual degree in International Relations and International Management. As the Vice President of MIT-CHIEF, she has led around 50 US-based startups back to China for the roadshow and connected with venture parks. Her business development and marketing experience at MassChallenge and China-US Boston Innovation Center urged her to actively take initiatives in the entrepreneurial ecosystems.

10. Sirong, Sarah Li
Sirong Li received Master’s degree in Business Analytics from University of Rochester. She has extensive work experience in market research, advertising, and consumer goods. Sirong is specialized in developing novel market strategies and making agile data-driven business decisions. At a Fortune 500 company TJX, Sirong facilitated organizational transition of the whole department with thousands of employees. At the world-leading marketing firm Ogilvy & Mather, Sirong delivered a series of marketing campaign for a Fortune 500 client and boosted sales significantly. Sirong is also an experienced project manager. She used to lead a team to help the client company to brand awareness and increase sales rapidly with various big data and machine learning techniques.

11. Alex Wu 
Alex graduated from School of Visual Arts with a master in Design for Social Innovation because he believes our purpose is to create value for others. Prior to joining Celer Network, he had experience working at Cornell Tech, SAP, and served as design advisor at multiple startups. Alex joined TEDxTaipei in 2011 being the first designer to help founder Jason Hsu (current congressman Taiwan, President at Taiwan Parliamentary Coalition for Blockchain & Industry Self-Regulatory Organization (SRO)) to build the design and production team.