Celer Network, a financial technology platform announced on 02 April about its partnership with Binance Labs as a mentor for the Binance Labs Incubation Program.

Celer commenced by introducing Binance Labs as the venture wing of Binance. Binance Labs works towards empowering blockchain and cryptocurrency projects. It also engages in investments and fostering a good crypto community. Celer informed that Binance Labs Incubation Program is a 10-Week On-Site incubation program designed to identify top blockchain projects that add value to the market.

Dr. Mo Dong, CEO, and Cofounder of Celer Network cited –

“We truly appreciate and applaud the efforts and vision shown by this great incubation program from Binance Labs. This is exactly what blockchain industry needs right now. We thank Binance Labs for the opportunity to onboard us as a mentor. We look forward to meeting all the new teams and sharing our experiences on product growth, marketing, community and technology. We will also look out projects that are good fit for Celer Network ecosystem.”

Ella Zhang, Head of Binance Labs acknowledged that Dr. Mo would be a valuable mentor at the Binance Labs Incubation Program. Ella emphasized that Celer had been dedicated to product market fit and user adoption from early on. She expressed that new growth points for Celer Network would definitely surface through their interaction during the program.

Celer touched upon a few technicalities that its role as a mentor could contribute. This partnership would facilitate Celer Network team to “share experiences and lessons learned in the early product growth phase”. Celer Network would also be able to technically empower the new projects with its layer-2 scaling platform thereby fostering to build its ecosystem.

Mentorship by one capable firm towards key engagements in another firm would be well received. A win-win for mentors and participants.

Celer sustained by stating that it shared the same vision of an ideal market fit, backed by a proven track record. Celer’s products were well appreciated and attract high traffic. The growth is also truly diverse with users coming from 58 different countries.

Last month, Binance Launchpad announced the launch of its next supporting project, Celer Network. Celer Network had created the novel solution to build decentralized applications that match the usability of centralized applications. Both developers and companies alike could utilize such applications.

Celer concluded by throwing more light on its key industry engagements. Founded by members from top US universities, Celer Network is a leading platform that enables fast, easy and secure off-chain transactions. It also provides support for generalized off-chain smart contracts.