Cere Network

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Discover Cere Network's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Cere Network?

Cere Network (CERE) is a decentralized data cloud platform built on blockchain technology, focusing on secure, efficient, and customizable data management. It leverages smart contracts, decentralized data clusters, and AI-powered tools to enable seamless data sharing, serverless dApp hosting, and content streaming. The platform prioritizes user-friendliness, transparency, and community governance, aiming to revolutionize data management in industries such as gaming and media.

How is Cere Network used?

The Cere Network (CERE) token is a native utility token that serves multiple purposes within the Cere ecosystem. Here are some key ways the token is used:

  1. Governance: CERE token holders can participate in governance by voting on proposals and protocol changes through the governance portal. This ensures that key decisions are made in collaboration with the community, fostering transparency and trust.

  2. Staking and Securing the Network: Token holders can stake their CERE tokens to nominate reliable validators, ensuring a decentralized and trustworthy protocol foundation. This mechanism is based on a nominated proof-of-stake mechanism.

  3. Revenue Generation: A portion of Cere SaaS fees is used for network transactions, while another portion is allocated to stimulate activity between enterprises and data on the Open Data Marketplace. This model generates revenue for the network and incentivizes data collaboration and monetization.

  1. Decentralized Data Cloud (DDC): The CERE token is integral to the DDC, which enables secure and efficient data management, including data streaming, sharing, and serverless dApp hosting. The token facilitates interactions within the DDC, ensuring seamless data collaboration and monetization.

  2. Community Engagement: The token also plays a role in community engagement, as token holders can participate in discussions and vote on proposals, fostering a sense of collaboration and unity within the Cere ecosystem.

Overall, the CERE token is a crucial component of the Cere Network, enabling decentralized governance, staking, and revenue generation while facilitating data collaboration and monetization within the ecosystem.

How do I store Cere Network?

To store Cere Network (CERE) tokens, you have two primary options:

  1. Store in Your KuCoin Account:

    • Holding your CERE tokens in your KuCoin account provides quick access to various trading products, such as spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, ensuring you don't need to manage your private keys. However, make sure to set up a strong password and upgrade your security settings to prevent unauthorized access.
  2. Hold in Non-Custodial Wallets:

    • For enhanced security, you can withdraw your CERE tokens to a non-custodial wallet. This grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Be cautious not to lose your private keys, as this may result in the permanent loss of your CERE tokens.

How to buy Cere Network?

To buy Cere Network (CERE) tokens, follow these steps:

  1. Choose an Exchange: Select a reliable centralized exchange (CEX) or decentralized exchange (DEX) that supports CERE trading. Popular options include MEXC, Binance, KuCoin, and gate.io.

  2. Create an Account: Register an account on the chosen exchange's website or mobile app. This will serve as your gateway to purchasing cryptocurrency. You will need to provide proof of identification and enable two-step verification for security.

  3. Fund Your Account: Deposit fiat currency into your exchange account using methods such as credit/debit cards, bank transfers, or third-party payment services like Simplex, Banxa, or Mercuryo.

  1. Buy USDT or Other Base Currencies: Purchase stablecoins like USDT or other base currencies like ETH or BNB, depending on the exchange and the mainnet the DEX is built on.

  2. Swap to CERE: Use the purchased base currency to swap for CERE tokens on the exchange. This can be done through the exchange's spot market or peer-to-peer trading services.

  3. Store or Use Your CERE: Once you have acquired CERE tokens, you can hold them in your exchange wallet or transfer them to a personal cryptocurrency wallet. You can also trade them for other cryptocurrencies or stake them for passive income.

Remember to follow the specific procedures and guidelines provided by your chosen exchange, as they may vary slightly.

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History of Cere Network

Cere Network, a blockchain platform, has a history marked by significant milestones and developments. The project focuses on providing decentralized data cloud solutions for real-world enterprises, leveraging blockchain technology to ensure trustless data collaborations, better data agility, and customization while maintaining full privacy and ownership for businesses and users.

Cere Network was built on the foundations of an open-source collaborative data platform, the Decentralized Data Network (DDN), which allows apps to share user data in a mutually beneficial way while retaining data ownership. This approach differentiates Cere from traditional cloud providers, offering a more secure and decentralized data management framework.

The project has raised $5 million for its decentralized data cloud (DDC) platform, which launched for developers. Cere's blockchain innovations, including its Decentralized Data Cloud and enterprise SaaS solutions, were built in alignment with the Polkadot blockchain platform, enabling interoperability with other Web3 projects.

Cere has also made significant strides in tokenomics. Initially, the Cere ICO set the supply of $CERE tokens at 10 billion. To incentivize network validation on the mainnet, inflation was programmed in to ensure fair compensation. However, in 2024, the project initiated an automated burn of $CERE tokens to maintain a total supply of 10 billion tokens, ensuring supply stability and deflationary pressure. This move aimed to sustain growth and investor value while maintaining validator incentives.

Throughout its history, Cere Network has demonstrated a commitment to decentralized governance, with key decisions made in collaboration with its community through the Cere DAO. This ensures that token holders have a significant role in shaping the future of the project.

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How Cere Network works

The Cere Network is a decentralized data cloud platform built on blockchain technology, specifically on the Polkadot and Substrate frameworks. It aims to revolutionize how data is stored and accessed by providing a secure, efficient, and interoperable environment for businesses and users. Here's a detailed overview of how it works:

Key Components
  1. Decentralized Data Cloud (DDC): This is the core platform where data is stored and accessed. It is built on a blockchain-powered decentralized data network, ensuring privacy, security, and interoperability.

  2. Decentralized Data Clusters (DDCs): These are specific clusters designed to serve particular industries or regions. They are integral to the DDC and allow for tailored solutions, ensuring optimal performance and customization.

  3. Data Activity Capture System: This system enables seamless data sharing and content streaming, making data management more efficient.

  1. Smart Contracts: These are used to ensure robust privacy and security within the DDC, governing data governance and ensuring trustless data collaborations.

  2. Node Providers: They contribute idle resources to the protocol, aiding in data storage and management. This approach optimizes resource utilization and reduces costs.

Tokenomics and Governance
  1. $CERE Token: This token plays a pivotal role in the network, primarily ensuring security through a nominated proof-of-stake mechanism. It is used for paying network usage fees and offers competitive APYs through staking.

  2. DAO Governance: Token holders can participate in governance through the Cere DAO, voting on proposals and shaping the network's direction. This decentralized governance model fosters transparency, trust, and community involvement.

  3. Token Burn Mechanism: To maintain a stable supply and incentivize validators, Cere Protocol has implemented an automated burn of $CERE tokens. This ensures that the total supply remains at 10 billion tokens.

Interoperability and Integration
  1. Cross-Chain Interoperability: Cere Network allows for seamless interactions with other Web3 projects, ensuring that its solutions can extend to a broader ecosystem.

  2. Cere Bridge: This bridge enables the transfer of $CERE tokens between Ethereum (ERC20) and the Cere Mainnet, facilitating easy transitions between different blockchain networks.

Tools and Services
  1. Cere Hub: This is a comprehensive platform that provides various tools and services, including the Cere Network Staking Dashboard, DDC Dashboard, and Cere Bridge.

  2. Cere Stats: A block explorer that shows live statistics, block production details, validation processes, and staking information.

  3. Faucet Functionality: This allows developers to easily send themselves $CERE tokens on the Testnet for testing and development purposes.

Overall Functionality

The Cere Network empowers businesses to develop their own decentralized customer data clouds, providing a secure and efficient environment for data management. By leveraging blockchain technology and decentralized governance, Cere offers a unique solution that promotes trustless data collaborations, better data agility, and full privacy and ownership to businesses and their users.

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Cere Network's strengths

The token Cere Network (CERE) has several strengths that contribute to its value and utility within the ecosystem:

  1. Competitive APYs through Staking: CERE tokens offer attractive annual percentage yields (APYs) through staking, incentivizing holders to participate in the network's validation process.

  2. Governance Voting Power: CERE token holders have significant influence over the network's direction through their voting power in the Cere DAO. This ensures that key decisions are made in collaboration with the community, promoting decentralized governance.

  3. Network Security and Validation: The nominated proof-of-stake mechanism relies on CERE tokens to ensure the network's security, making token holders crucial to the network's integrity.

  1. Payment for Network Usage Fees: CERE tokens are used to pay for network usage fees, which helps maintain the network's operations and incentivizes validators to secure the network.

  2. Deflationary Supply Management: The token burn mechanism, which reduces the supply growth to maintain a total supply of 10 billion tokens, helps maintain a stable supply and prevents inflation.

These strengths collectively contribute to the token's value and its role in shaping the decentralized data ecosystem of Cere Network.

Cere Network's risks

Cere Network (CERE) carries financial risks that are reflected in its risk analysis scores. According to InvestorsObserver, CERE has been given both high and medium risk scores, indicating that the token is susceptible to price manipulation and volatility. The proprietary system used by InvestorsObserver assesses the risk by analyzing the amount of money required to shift the token's price over a 24-hour period, as well as recent changes in volume and market capitalization. This gauge ranges from 0 to 100, with lower scores indicating higher risk and higher values representing lower risk.

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Did Cere Network raise funds?

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Cere Network’s team

  • Fred Jin: Founder and CEO of Cere Network, leading the project's vision and strategy.
  • Ian Duggan: Co-Founder, contributing to the project's development and growth.
  • Martijn Broersma: COO, overseeing operational aspects and ensuring the project's execution.
  • Xiaohan Zhu: CTO, responsible for the technical direction and development of Cere Network's technology.
  • Kenzi Wang: Co-Founder, involved in the project's strategic planning and development.
  • Daniel Ferrandez: Product Manager, focusing on the product development and roadmap of Cere Network.

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