The token distribution of the CERE network has been started via multiple platforms such as DAO Maker. Through their token sale, there has been so much hype and support around this project.
How does it work? What makes Cere Network unique? What are the key highlights of this project? We will find out together in this article.
What is Cere Network?
Cere Network is a blockchain platform that focuses on providing data cloud solutions for real-world enterprises. Their product range is designed to suit every company’s needs no matter how unique and complicated they are.
The project is also part of a consortium of projects such as Polkadot and Cosmos to enable cross-chain interoperability between blockchain networks.
In order to achieve their long-term goal, Cere Network is built on these fundamental principles:
- Network Interoperability.
- Data Security & Privacy.
- Consumer Enterprise Focus.
- True Decentralization.
How does Cere Network work?
In order to lead blockchain adoption, Cere empowers enterprises to utilize their own consumer data and store them. Their data cloud storing system provides unique products and services around this area.
Decentralized Data Cloud (DDC)
DDC creates a data ecosystem with privacy, compliance, interoperability, and agility to allow businesses a safe and secure method to utilize their customer data. Furthermore, with the user-friendly design, data can be accessed directly from businesses with real-time updates.
This helps enterprises tremendously when it comes to issuing and managing such complex data sources such as wallets, transactions, or even vouchers or coupons.
Technology has revolutionized our lives in ways that are unimaginable. The financialization of enterprise B2B assets and liabilities to Decentralized Finance could be seen as the natural next step for this retail-driven technology trend.
Cere’s SaaS-DeFi smart contracts provide solutions for all contracts and invoices from Cere Marketplaces to make it accessible to the DeFi realm. This acts like a bridge between the traditional operations and decentralized finance.
Utilizing the advanced Decentralized Data Cloud platform, Cere Network encrypts data sharing technology to enable the potential of secure asset delivery where NFT users can take advantage of.
The NFT marketplace will be directly integrated with other social media platforms to reach more user adoption.
What is CERE token?
CERE is the native token of the Cere Network. The token has three main functionalities:
- Consensus Participation: Validators and node operators can stake CERE to earn rewards in the network.
- SaaS DeFi Utility: The token can be used to fuel the Cere Marketplaces and acts as the main utility token to power the Decentralized Data Cloud.
- Network Governance: CERE holders have their voting rights through the Cere’s foundation and Cere’s ecosystem on governance and future development.
Detailed information about CERE Token
CERE Token Metrics
- Token Name: CERE Token
- Ticker: CERE
- Blockchain: Polkadot
- Token Standard: Updating...
- Contract: Updating...
- Token Type: Utility, Governance
- Total Supply: 10,000,000,000 CERE
- Circulating Supply: 690,000,000 CERE
CERE Token Allocation
- Team & Advisors: 24%
- Token Sale: 21.2%
- Foundation Reserve: 17.3%
- Network Development: 12%
- Enterprise Partners: 9.6%
- Developer Outreach: 8.4%
- Early Staking: 7.5%
CERE Token Sale
The public sales of Cere Network is available on these platforms:
- Republic: 8/4/2021.
- DAO Maker: 15/4/2021.
- Polkastarter: 19/4/2021.
The last token sale was on Polkastarter on with $500,000 raised in total.
The vesting schedule can be found as follows:
How to buy CERE token
Coin98 Exchange will support CERE very soon.
Alternatively, you can buy CERE on these listed exchanges.
How to mine CERE token
How to store CERE token
You can store the CERE token on Coin98 Wallet with these steps:
Step 1: Open Coin98 Wallet & click Receive on the home screen.
Step 2: Search CERE.
Step 3: Click on the correct result, copy the wallet address and send CERE to this address.
Roadmaps and Updates
This year, the project will focus on these developments:
- Complete fundraising and initial listing rounds (private/public/LPD).
- Further expanded the team with top quality innovators and developers.
- Alpha Mainnet Launch in Q2 2021 to support upcoming enterprise integrations.
- Work with other top Polkadot projects and W3f team to thoroughly test/prep mainnet and prep for Parachain ops.
- Complete 3+ additional Integrations with top brands to build successful case studies to accelerate content marketing and more inbound growth.
- Launch of our NFT platform in Q4 2021.
- Reaching $1M+ revenue and 2M monthly active users.
Team, Investors, and Partners
The leading team members come from big tech companies and venture capitalists such as AU21, Amazon, and Twitch. They have 50 years of experience in the technology and finance industry.
Kenzi Wang as one of the Co-Founders is also a founding member of AU21 Capital.
The project is backed by Binance Labs and Arrington XRP Capital.
The project has not officially launched yet, however, they have been gaining popularity among other reputable projects.
In September 2021, Polygon invested $3 million in Cere Network for their unique Decentralized Data Cloud Integration. This strategic investment will speed up integration into Polygon’s Protocol.
Other than that, the project also partnered with many other projects from various categories such as: Reef Finance, Litentry, DAO Maker, Torus, Elrond, Chainlink, Plasm Network.
Is CERE a good investment?
This article has provided some of the main ideas related to the CERE token and its implications. You should always do your own research when it comes to investing.
However, it is important to note that there are a few key points that investors should take into account before making investment decisions:
The crypto market has been flooded with many projects, especially layer-1 blockchains. The data usage will be increasing in no time and eventually, data storage solutions will be in demand. Cere Network is the perfect solution for that, considering their approach can be similar to Filecoin and other projects. Cere Network offers more than just a data storage solution such as NFT marketplace or SaaS-DeFi to utilize the Network at its best.
The team of Cere Network has 50 years combined of experience in the technology and finance industry. Especially Kenzi Wang who is a founding member of AU21 Capital. They are also backed by Binance Labs and Arrington XRP Capital as well. With their strong foundation, the project can be expected to be a top-quality one.
Filecoin (FIL): An open-source cloud storage marketplace that allows users to rent unused hard drive space.