This portrait is made from available online data and is information only. Please read the disclaimer*.
What is Celsius network ?
Celsius Network is a crypto wealth management platform that allows members to borrow and lend crypto assets. The system is based on the token CEL. CEL tokens can be used to send money peer-to-peer, take loans, get interest and more.
In order to get Celsius Network´s advertised interest rates, you´ll need to buy and stake CEL tokens.
With Celsius, not only can you lend your coins to earn interest, but you can also borrow cash against them, without needing to sell your cryptos. Since your loan is secured with your coins used as collateral, Celsius can offer very competitive interest rates compared to banks and credit cards. Once you repay your loan, your crypto coins are yours to keep. Since a loan doesn´t count as income or capital gain, you also don´t need to pay additional taxes like you would if you had sold your assets.
Celsius team believes that the old banking system is fundamentally broken.
|blockchain:||Ethereum / public|
|consensus algorithm:||delegated proof-of-stake|
|launch date:||Oct 2018|
|supply:||CEL / 695,658,161|
|wallets:||all major multi currency wallets|
Celsius on recommended exchanges*
Where to buy and trade Celsius. CEL is available on Binance and Bilaxy. This is a small choice of some of the leading crypto exchanges:
Klick to find all important information about the leading crypto coins and token in a nutshell:
Multi currency wallets
Multi currency wallets can store different kinds of coins and tokens, mostly all the leading coins, Ethereum ERC20 token, Neo NEP5 and Binance BEP2 token and many other coins and token.
The most advanced wallets offer staking and exchanging or swaping too.
|Atomicwallet||Trust wallet||Coinomi wallet|