Matic Community Supercharges Cere Network, Pledging $1.6M in Private Sale

Matic Community Pledges $1.6M in Cere Network Private Sale, Blowing past $100K Target

Toward the end of summer, Cere announced a partnership with Matic Network that would supercharge their decentralized CRM solution. By integrating with Matic’s Plasma-based sidechain network, Cere will be able to connect businesses and vendors to throughputs 38 times faster than Visa’s own and process transactions 4,000 times faster than Ethereum.

In less than 9 hours, Cere received over 168 submissions pledging over 120M Matic tokens, which are worth 1.6M USD on the market at this moment. This marks a 16x oversubscription of the exclusive private sale. They are surprised and flattered by the enthusiasm of the Matic community and this strengthens our conviction in our product integration with Matic Network.

In the next weeks, they’ll review the participants’ entries and reach out accordingly to finalize the sale.

Cere Network’s Integration with Matic Network

Cere Network is building the first blockchain CRM ecosystem that’s optimized for service data integration and collaboration. To do so, they need to make sure that it’s secure, scalable and fast.

For a system like Cere’s, Matic is one of the most promising and functionally valuable building blocks to solving the biggest problem they hope to tackle: poor data access that’s further exacerbated by degrading data that sits across multiple platforms.

Matic’s Plasma-based sidechain network is capable of handling an enormous throughput of 65,000 transactions per second. Our Layer 2 solution utilizes sidechains for computation while ensuring security through the plasma framework, enabling Matic’s off-chain, Layer 2 network to aid Cere in:

  • Providing all microservices in the Cere Network with one of the most advanced side-chain networks to settle all transactions off-chain, circumventing current generation network speeds at 4000x faster than Ethereum TPS
  • Allowing data experts an exponentially faster route to access and analyze on-demand customer insights through the Business Intelligence Marketplace
  • Scaling an interoperable CRM, data management network with real-time customer insights without loss of security and privacy

What’s Next?

Since graduating from Binance Labs, Cere team has been heads-down and focused on product development, talent acquisition and building meaningful partnerships through technology integrations and so much more. They’ve also made tremendous progress with customers and look forward to keeping you updated as they release their whitepaper and gear up for the launch of the Cere Network Alpha Mainnet, so stay tuned!

Thanks everyone for participating and should you have any questions please feel free to ask in their official chat group https://t.me/cerenetwork_official

More from the Polygon Blog
Polygon Reaches First Sustainability Milestone by Achieving Network Carbon Neutrality

Polygon has made a major first step toward becoming carbon negative with the retirement of $400,000 in carbon credits representing 104,794 tonnes of greenhouse gasses, or the entirety of the network’s CO2 debt since inception.  The milestone comes after Polygon in mid-April released its Green Manifesto, part of its broader vision for sustainable development. The […]

Read More
State of Governance #2: Identity & Reputation

Clink Clank For a period of time, democracy in ancient Athens was exercised in a peculiar way.* Every eligible voter, when entering the hall, would receive a single pebble to be cast in one of two urns during assembly, signifying approval or disapproval on an issue. Athenians, understanding the significance of votes being cast anonymously, […]

Read More
Accelerating the Energy Transition With Reneum on Polygon

Given the urgency of the climate crisis, it may come as a surprise that the fossil fuel industry receives about half a trillion dollars a year in government subsidies. The truly shocking part is that renewable energy alternatives get less than a third of that. Reneum is trying to right the imbalance by using blockchain […]

Read More
Polygon Funds Web3 Development With $100,000 Pledge to Gitcoin Grants Round 14 

Polygon is donating $100,000 to Gitcoin Grants Round 14 to ramp up the on-going support for new projects building on the Polygon ecosystem. The core team has already pledged $1 million to Gitcoin over five quarterly grants until December 2022 in order to help and encourage the growth of Web3. Who is eligible Applications for […]

Read More
Why Neobanks Will Lead TradFi’s Shift to Web3

Conventional wisdom has it that traditional finance (TradFi) and decentralized finance (DeFi) go together like vampires and garlic. But there is one area of TradFi where that black-and-white picture shades into gray. This is the case for why neobanks will be key to bridging these two worlds. Neobanks, or digital banks, are basically banks without […]

Read More
crossmenuchevron-down-circle