Celsius Network Announces Strategic Partnership With Adbank
If getting paid to HODL your crypto sounds too good to be true, it isn’t anymore.
Celsius Network, a community-based P2P startup, provides access to borrowing and lending for digital currency holders. Celsius plans to eliminate the need to access expensive lending services from banks and the gray market, and to revolutionize the use of digital assets as collateral by allowing users to easily borrow dollars against their crypto holdings.
This means that anyone who HODLs through the market’s ups and downs is about to get an offer that is impossible to pass up: get paid for saving your crypto.
Celsius is announcing a strategic partnership with Canadian-based Adbank that will see the two companies aligning in different areas over the coming months.
The partnership will see each company utilizing each other’s services while exploring possibilities of future integrations.
Adbank Joins Celsius’ Early Adopter Program
Users of the Celsius wallet are already able to deposit their cryptocurrency into their Celsius wallet in order to earn interest when their coins are lent out. Adbank is thrilled to be among the first to use the Celsius wallet in a private pilot program to earn interest on a percentage of the corporate raise as a fiscally responsible way to leverage the company’s crypto assets.
“Celsius is a project that stays true to the roots of crypto with a goal focused on democratizing financial services that have been limited to the banks. We’re excited to leverage some of the crypto we received during our crowdsale to earn interest.” — Angelo Dodaro, CMO & Co-founder @ Adbank”
Celsius plans to bring a new family of financial products to the digital currency market in order to bring the next 100 million people into cryptocurrencies. The team, led by serial founder & CEO Alex Mashinsky, will focus on financial products that are designed to represent the coin holder first, and always work in the best interest of the Celsius membership instead of trying to make as much profit as possible from the membership.
Celsius Uses Intergalactic Ads Network To Promote Wallet App
Celsius will be running a pilot campaign on the Adbank crypto ad network, Intergalactic Ads, to attract downloads for its new wallet available for iOS and Android.
“As we roll out our new app, we’re excited about leveraging AdBank’s unique technology to help us target specific demographics without having to worry about ad fraud. We’ll pay less to get our product in front of the right people,” said CMO & CPO, Keith Baumwald.
Intergalactic Ads is the world’s first blockchain-based crypto ad network and is powered by Adbank’s payment protocol, the technology at the heart of its anti-fraud AI engine (coming Fall 2018). The network is able to pay publishers more while charging the lowest fees in the industry, guaranteed.
What The Future Holds
One potential scenario that has been discussed for future collaborations is integrating a content-focused component of the Celsius Network app that features an Adbank publisher placement.
Both projects are enthusiastic to forge ahead and find more ways to collaborate to improve each other’s services.
Celsius is a community-based P2P startup which will provide access to borrowing and lending to digital currency holders. Members of the Celsius Network will have access to loans in dollars using their digital currency as collateral.
In the future, members will also be able to deposit their cryptocurrency into their Celsius wallet in order to earn interest when their coins are lent out. Celsius plans to bring a new wave of financial products to the digital currency market in order to bring the next 100 million people into blockchain.
They will focus on financial products that are designed to work in the best interest of its members instead of trying to make as much profit as possible.
Adbank is a powerful online ad platform built on the Ethereum blockchain to remove middlemen that take up to 70% of all ad revenue & dramatically reduce the $50 billion problem of ad fraud using patent pending anti-fraud AI technology.
By using the Adbank platform, publishers can get paid more for their content while charging advertisers less and creating a transparent ecosystem that benefits all key stakeholders in the industry.