Celsius

Celsius

Created using Figma
Created using Figma

Last Update

Mar 16, 2018

For crypto to continue to spread and gain traction we’ve got to bring the next 100m people into the crypto community. In order to do that, real products built by real teams have to provide real utility to the public. We’re building Celsius to bring a new wave of financial products to the market designed, for the first time, to always do what’s in the best interest of its members instead of trying to make as much profit as possible. Members will be able to borrow USD against their crypto holdings in their wallet which will be used as collateral. Our goal is to allow anyone who’s in need of cash to easily borrow from the Celsius platform without having to sell their crypto holdings. In the future, through the Celsius Network, cryptocurrencies deposited by members into their Celsius Wallet will be available on the network for immediate borrowing and shorting.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Idex
    CEL/ETH 22 minutes ago
    $ 0.0465
    $ 53.889 K
    5.39%
    103.03%
  • Switcheo
    CEL/ETH 2 days ago
    $ 0.0700
    -
    -
    -
  • FatBTC
    CEL/ETH
    -
    -
    -
    -
ICO
Mar, 2018
Mar, 2018
100% completed
$50 000 000
hard cap
cap
goal
100% hard cap completed
Goal 15 000 000.00 USD
Cap 50 000 000.00 USD
Hard cap 50 000 000.00 USD
past
  • 1 CEL
    =
    0.3 USD
Token Details
Ticker
CEL
Accepted Currencies
ETH, BTC, USD
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Platform

About Celsius

We’ve built companies from the ground up, served hundreds of millions of users and completed multiple exits for billions of dollars (including an IPO).

This isn’t our first rodeo. Our team of experienced entrepreneurs knows how to take a concept from ideation to full execution on a global scale.

Our founder, Alex Mashinsky, has filed over 30 patents including the original patent on VoIP technology.  He previously founded several multi-billion dollar businesses including Arbinet (IPO 2004), TransitWireless and GroundLink. A cryptoholder since 2013, Alex serves as an advisor and investor to several Blockchain companies including Sirin Labs, MicroMoney and Ties Network.

Features

The platform also enables margin traders (hedge funds and crypto funds) to borrow crypto-assets for: hedging, shorting, deferring taxes and locking in profits. Celsius does not take any positions and does not act as a counterparty to any trade.

Technical Info

Ethereum ERC20 standard token.

Celsius Roadmap

  • Q1-2018

  • MVP of wallet prototype released
    Redesign of website goes live
    Version 2 of Whitepaper released
    Version 2 of Techpaper released
  • October 25, 2017

  • Pre TGE starts
  • March 15-22 2018

  • Public crowdsale
  • December 15, 2017

  • Smart contract published
  • Read More
  • Q2-2018

  • Phase 1 of Celsius Wallet app released
    Expansion of Alt Coins
  • January 20, 2018

  • Celcius beta launch
  • Q3 2018

  • Phase 2 of Celsius Wallet app to be
    released
  • January 25, 2018

  • TGE
  • Q4-2018

  • 3rd Party Microlender integration
    Phase 3 of Celsius Wallet (further
    integration of new coins, users will
    begin earning interest)
  • May 2018

  • Celcius partner credit card
  • August 2018

  • Celcius credit score system approved by the members
  • October 2018

  • Protection and insurance of transactions
  • January 2019

  • Fully established Celcius as a self-sustaining, self-governing institutions

Activity

Posts:
523
VERY HIGH
Followers:
14 790
VERY HIGH
Likes:
14 512
VERY HIGH
Followers:
22 141
VERY HIGH
Tweets:
1 396
VERY HIGH
30 Days Growth:
531
Members:
11 529
VERY HIGH
30 Days Growth:
371
Alexa

Rank:
491 827
MEDIUM
Delta:
-6 933
Year commits:
1 380
Watchers:
86
Stars:
13
Forks:
5
Open issues:
3

Participation in events

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

2 ICO

$4 188 110

Alex Mashinsky
CEO
unverified
Liz Rabban
VP of Global Business Development
unverified
Samantha MacDonald
CFO
unverified
S. Daniel Leon
President and COO
unverified
Nuke Goldstein
CTO
unverified
Mališa Pušonja
Blockchain Architect
unverified
Antun Debak
Product Design
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Dr. W. Scott Stornet...
Advisor
unverified

5 ICO

$107 512 361

Miko Matsumura
Advisor
unverified

2 ICO

$62 172 472

Chris Dannen
Advisor
unverified
Rashid Al Malik
Advisor
unverified
Sonic Zhang
Advisor
unverified

2 ICO

$50 000 000

Ivan Bjelajac
Advisor
unverified

Last News

$ 0.0464
5.22%
Coin Stats
Daily, %:
5.22%
Weekly, %:
18.67%
Monthly, %:
23.61%
Market Info
Market Cap:
Volume 24h:
$ 53.938 K
Circ. Supply:
0 CEL
Ticker:
CEL
ICO profit
X 0.1548
ICO Price~$0.3000

Celsius Reviews

crushcrypto.com
review

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.

Read More
OhHeyMatty
64
Read More
bitcoinexchangeguide.com
reviews

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.

Read More
icotokennews.com
reviews

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.

Read More
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