Celestial Finance Whitepaper

Celestial Finance Project Introduction

Hello friends! Today let's talk about a blockchain project called Celestial Finance (abbreviated as CELES). Imagine if you want to earn some returns by depositing money in a bank or investing in stocks—in the blockchain world, there are similar ways, but it's more like a magical “digital farm” or “digital exchange.” Celestial Finance is such a platform, mainly running on a blockchain called Binance Smart Chain (BSC). You can think of it as a “digital highway” that is faster and has lower fees.

What is Celestial Finance

Celestial Finance is a decentralized finance (DeFi) project that combines “yield farming” and “automated market maker” (AMM) functionalities.

Core Concept Explanations:

• Decentralized Finance (DeFi): Think of it as a financial system without central banks or traditional financial institutions; all transactions and operations are executed via smart contracts (self-executing protocols) on the blockchain.
• Yield Farming: Like farming in a digital field, you deposit your cryptocurrencies (such as digital gold, digital silver) into the platform’s “pool” to provide liquidity, and in return, the platform issues new tokens as rewards.
• Automated Market Maker (AMM): This is a decentralized trading mechanism that doesn’t require traditional buyers and sellers to match directly. Instead, trades are automatically executed via liquidity pools in smart contracts, allowing you to buy and sell crypto at any time.
• Binance Smart Chain (BSC): A blockchain developed by Binance, known for fast transactions and low fees, and chosen by many DeFi projects.

Simply put, Celestial Finance is a “digital financial playground” on Binance Smart Chain where you can earn the platform token CELES by providing cryptocurrency. It was launched in 2021, targeting crypto holders who want to earn returns through DeFi methods.

Besides basic deposit earning (staking) and providing liquidity (farming), Celestial Finance also envisions more interesting features, such as participating in daily predictions of crypto market prices, or playing interactive games and lotteries. These activities reward you with points called “Stardust,” which can be exchanged for CELES tokens once you accumulate enough.

Project Vision and Value Proposition

Celestial Finance’s vision is to create a token whose value can continuously grow through unique mechanisms. The core problem they aim to solve is to provide a platform in the DeFi space with high annual percentage yield (APR), and to attract users through innovative features (such as predictions and lotteries), giving users more diverse ways to earn returns.

Compared to similar projects, Celestial Finance emphasizes its token “burn mechanism” to maintain value, and the team claims to be fully transparent, not holding or selling any CELES tokens. Their revenue mainly comes from deposit fees charged by the platform.

Technical Features

Celestial Finance’s technical foundation is mainly built on the Binance Smart Chain (BSC).

Technical Architecture:

• Based on BSC: Choosing BSC means it offers faster transaction speeds and lower fees than Ethereum, which is very important for frequent DeFi operations—like choosing a wider, less congested road.
• Automated Market Maker (AMM): The platform has a built-in AMM mechanism, allowing users to easily swap tokens and provide liquidity.
• Smart Contracts: All staking, farming, token rewards, and burning operations are automatically executed by smart contracts deployed on BSC, ensuring transparency and decentralization.

The project also mentions a “Migrator Function,” which is typically used by DeFi projects when upgrading contracts or migrating liquidity, but it may also bring certain risks that users should be aware of.

Tokenomics

The platform token for Celestial Finance is CELES.

Basic Token Information:

• Token Symbol: CELES
• Issuing Chain: BNB Smart Chain (BEP20 standard), meaning it’s compatible with wallets and apps on Binance Smart Chain.
• Total Supply: Currently shown as approximately 632,383.59 CELES.
• Maximum Supply: Set at 40,000,000 CELES.
• Circulating Supply: According to platforms like Coinbase, CoinMarketCap, and Bitget, the circulating supply of CELES is currently shown as 0. This is very important information, meaning there are almost no CELES tokens circulating in the market, or the circulating amount is extremely low, which greatly affects its liquidity and price discovery.
• Inflation/Burn Mechanism: The project whitepaper mentions a “burn mechanism” to maintain token value. Additionally, the project states that unsold CELES tokens from the presale have been burned, and the team does not hold or sell any CELES.

Token Use Cases:

• Liquidity Mining Rewards: Users can earn CELES tokens as rewards by providing liquidity (depositing two types of cryptocurrencies) to the platform’s liquidity pools.
• Single Token Staking Rewards: Users can also choose to stake a single token to earn CELES, without providing liquidity.
• Participate in Platform Activities: By participating in market predictions, lotteries, and interactive games, users can earn “Stardust,” which can then be exchanged for CELES.
• Trading and Staking: Users can trade CELES on exchanges that support it (arbitrage), or stake CELES itself to earn returns.

Token Distribution and Unlock Information: Other than the statement that the team does not hold CELES and revenue comes from deposit fees, no detailed token distribution ratios or unlock schedules were found.

Team, Governance, and Funds

Regarding the Celestial Finance team, the project states in its whitepaper that they are a “fully transparent team,” will announce all decisions, and do not hold or sell any CELES tokens. Their only source of income is deposit fees. However, no specific information about core members, team background, or detailed governance mechanisms (such as whether there is a decentralized autonomous organization, DAO) was found in public sources.

Treasury and Funding Runway: There is currently no public information detailing the size of the project’s treasury or its financial operations.

Roadmap

According to the 2021 whitepaper, Celestial Finance’s roadmap planned to launch an NFT marketplace and other features in Q3 (third quarter), such as earning “Stardust” through market value predictions and exchanging it for CELES. These features were described as “under development” at the time.

Since the whitepaper was published in 2021, no updated official roadmap information has been found to show the project’s subsequent development and plans.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and Celestial Finance is no exception. Here are some common risks to be aware of:

• Market Liquidity Risk: According to multiple data platforms, CELES’s circulating supply is 0, and trading volume is extremely low or zero. This means the token’s market liquidity is very poor, making it difficult to buy or sell, with potentially huge price fluctuations, or even being untradeable.
• Project Activity Risk: The whitepaper was published in 2021, and the features mentioned (such as the NFT marketplace) were still under development at the time. There is currently a lack of recent official updates and community activity information, so the project may no longer be actively developed or maintained.
• Smart Contract Risk: DeFi projects rely on smart contracts, which may have vulnerabilities. If attacked, users’ funds could be at risk.
• Regulatory Risk: The global cryptocurrency regulatory environment is constantly changing, and future policies may impact the project’s operations and token value.
• Information Transparency Risk: Although the project claims the team is transparent, there is a lack of specific information about core team members, detailed financial reports, and updated development progress, increasing information asymmetry risk for investors.
• Competition Risk: The DeFi space is highly competitive, with many projects offering similar features. Celestial Finance may find it difficult to stand out in the market.

Verification Checklist

• Block Explorer Contract Address: The contract address for CELES token on BNB Smart Chain (BEP20) is
  0x02914C7D3Fe7Af0D5506C338074b042AC00a327A
  . You can use this address to view token transaction records and holder distribution on the BSC explorer.
• GitHub Activity: No information about the project’s GitHub activity was found in the available materials.
• Official Website/Community Links:
  • Official Website:
    https://app.celesfinance.com
  • Twitter:
    https://twitter.com/CelesFinance
  • Telegram:
    https://t.me/celestialfinancediscussion

Project Summary

Celestial Finance (CELES) is a DeFi project launched in 2021 based on Binance Smart Chain, aiming to provide users with ways to earn CELES tokens through liquidity mining and automated market maker mechanisms. It once envisioned enriching user experience and token utility through market predictions, lotteries, and an NFT marketplace.

However, according to the latest market data, CELES token’s circulating supply is shown as 0, and market trading volume is extremely low, indicating the project’s current activity is very limited and market liquidity is almost nonexistent. Although the project once emphasized team transparency and not holding tokens, there is a lack of public information about core team members, detailed governance structure, and recent development progress, making the project’s future development highly uncertain.

Overall, Celestial Finance is an early DeFi project attempt, but its market performance and information transparency are currently significantly lacking. For anyone considering participating in this project, be sure to conduct thorough independent research and fully recognize the significant risks involved. This is absolutely not investment advice.