Mar 16, 2018
Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users. Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments.
Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.An economy where financial freedom doesn’t come with a price tag. Where the interests of the people are put first. Where ethical behavior is the baseline, and where everyone – and we mean everyone – has the opportunity to succeed financially. With a little bit of humanity and honesty, and the power of a digital currency that’s as strong as it is accessible, we’re ushering in the new economy today.
Meet CEL. Think of it as a rewards program, with actual financial rewards like even higher earning rates and ridiculously low rates on loans.
Celsius was built to put you - the community - first. The CEL flywheel is a representation of our dynamic and self-sustaining ecosystem designed to act in your best interest
Earn your weekly rewards in CEL and earn at rates up to 30% more.
Pay your interest on loans with CEL for up to 25% discounts on all your interest payments.
HODL with Celsius to earn 6.68%* APY weekly rewards in CEL.
October 25, 2017
March 15-22 2018
December 15, 2017
January 20, 2018
January 25, 2018
Attention. There is a risk that unverified members are not actually members of the team
$4 188 110
$107 512 361
$62 172 472
$50 000 000
Opportunities:Earning interest while assets are deposited at a wallet is a new idea and should be attractive to many users who are just holding their cryptocurrencies anyways.The project is led by a team who had created successful ventures in the tech industry multiple times before. We believe that in entrepreneurship, past success is a strong indicator of future success.Celsius makes it easy to become a lender – users simply store their assets at the wallet. This makes onboarding lenders easier which may lead to a lower borrowing rate.CEL tokens will have immediate utility (applying for dollar loans and receiving a discount on interests) at the moment of token generation event.
Concerns:In cryptocurrency, the trend is slowly moving towards Proof-of-Stake (PoS), which allows coin holders to receive extra holdings when they hold onto their coins. Therefore, the interest earned on the Celsius wallet needs to be higher than the return from staking coins.
Conclusion:Overall, we are neutral about the short-term potential of this ICO but like its long-term potential. Our thoughts of the tokens for short term and long term are as follows:For short-term holding:Neutral. In the current market environment, it is getting a lot harder to reach hard cap with unmet demand. Celsius’ fund raising amount of $50 million makes it difficult to fill the hard cap, leaving no unmet demand. For long-term holding:Good. We like the project’s idea which is backed by an all-star team who had created successful startups in the past. Cryptocurrency lending projects are easier to gain traction compared to projects in industries where the use of cryptocurrency is not prevalent yet. Celsius Network also makes it easy to become a borrower. With the strong team in place, we believe it has a good chance to succeed.
Celsius aims to provide a better lending and borrowing experience for everyone. It gives lenders an easy way to lend Ethereum and receive a positive ROI on their investment. Meanwhile, borrowers can sign up for the platform and view an available interest rate within minutes. It’s all built on the Ethereum blockchain and Ethereum smart contracts. The Celsius pre-sale already took place, and the company raised $30 million from accredited investors during that pre-sale. The general crowdsale takes place in January 2018.
Celsius is creating a P2P platform with the aim of evolving the future of borrowing and lending in a decentralized environment of blockchain technology similar to Hamster, Storiqa, Hade, Flying Money, Havven and Amon. They are using a proof of stake approach that enables the platform community members to lend and borrow with each other without any interference from any government authorities.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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