according to the materials of the site - By BSCN
The Celia project has transitioned its contract on the Celia token to active development, indicating progress in preparation for the upcoming mainnet launch. This step comes against the backdrop of a series of updates from the team, including preparations for token migration and enhancements to related products. With over two million users in 89 countries, Celia continues to expand its presence in the blockchain space, focusing particularly on accessibility for everyday users, developers, and gamers.
On September 22, the Celia team announced that the contract for the CELIA token is moving into active development. Developers have implemented a range of security and functionality features to support sustainable operations. These include whale protection mechanisms to limit large transactions that could disrupt market stability, blacklist tools to exclude malicious actors, and liquidity locking in conjunction with vesting schedules to mitigate risks such as sudden sell-offs. The contract also includes automatic burning and liquidity addition on PancakeSwap, promoting a deflationary model that may incentivize participants to hold assets for longer periods. While the team emphasized these elements as part of their commitment to building a robust infrastructure, they also highlighted that the contract is currently undergoing an audit to ensure compliance and reliability before full deployment.
This statement is based on earlier data regarding progress. Just a few days prior, on September 21, the project shared plans to detail the security measures of the contract, emphasizing a methodical approach to development.
In addition to the token itself, Celia is developing an interconnected suite of tools that utilize the CELIA token for practical applications. One of the key components is Celia Domains, which acts as a Web3 identification system on the Binance Smart Chain (BSC). Users can register their own domains, such as 'yourname.celia', and link them to wallets, websites, or social media profiles, streamlining interactions by replacing complex addresses with memorable identifiers. Domains are automatically renewed using CELIA tokens, which, according to the team, creates ongoing demand and directly ties the token to real-world applications for individuals, companies, and communities. This feature positions Celia as more than just a standalone token, expanding its role in digital branding and identity management.
Complementing it is Celia Wallet, which the team describes as a flagship product tailored for the BSC environment. Modeled after well-known wallets like Phantom on Solana, it offers fast and secure storage and serves as a gateway to ecosystem features, including trading, domain management, and community tools. The wallet supports buying, selling, exchanging, and receiving cryptocurrencies, emphasizing self-custody, giving users complete control over their assets. In a release from early September, the team noted its user-friendly design, suitable for both newcomers and experienced users navigating the growing assortment of BSC tokens and memes. As development progresses, closer integration of the wallet with other Celia products is expected, such as Circle Browser, which will launch a staking feature in the coming days. The Circle Browser itself represents another layer of the ecosystem, providing users with new staking opportunities that allow them to earn rewards for their assets. Announced on September 23, this addition followed security assurances for previously staked tokens, ensuring continuity for participants already engaged in earning mechanisms on the platform.
In addition to key development milestones, Celia has maintained active community engagement through a points-based rewards system. On October 1, the team announced the initiation of September distributions based on nearly 145 billion points from verified users. Taking into account points from locked accounts and the transfer of unclaimed tokens from previous rounds, the total distribution amounted to over 14 million CELIA tokens at a conversion rate of approximately 9818 points per token. This mechanism, detailed in the project's technical documentation, ensures fair redistribution among verified participants and is directly linked to the tokenomics designed for ecosystem growth. Such distributions reflect Celia's community-oriented approach, where users earn by engaging in activities such as staking and interacting with platforms like Celia Circle—a news hub powered by the token—and Celia Academy—a resource offering cryptocurrency education from experts. These elements, combined with gaming integrations under the project Games by Celia, provide numerous opportunities for engagement, fostering retention and expansion of the audience.