Celsius Network Weekly AMA– January 15, 2021

With Alex Mashinsky and Zach Wildes, Community Manager, and Shehan Chandrasekera, Head of Tech Strategy at CoinTracker

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Updates with Alex

Tax Q&A Session with Shehan Chandrasekera, CPA, Head of Tech Strategy at CoinTracker

Q: What other crypto advice can you give us about good things and bad things that people do when they file crypto taxes?

Q: A lot of us are getting great rewards every Monday, but we’re not having any of it taken out for taxes. What should be we doing tax-wise for that throughout the year?

Community Questions

Q: When is the Celsius dating app coming?

Q: Where can I buy CEL token affordably?

Q: Can I pay off my loan early?

Q: Will Celsius continue to support XRP?

Q: What are the top two things that make Celsius different from their competitors?

Q: Why has customer service been so bad recently?

Q: Could you tell us what the stats are like since the beginning of the year?

Q: Why do you no longer have a 33% LTV option for CEL token?

Q: Do you have an update on the web app?

Q: Last week we were unsure if there were one or two mega deals, could you clarify?

Q: Can Celsius continue to grow at the same pace it has for the past few years?

Q: Once in-app swaps are live, will all assets be swappable or just ERC-20s?

Q: Was there a team bonus at $3? Were those tokens sold?

Q: When will the card be coming? Will it be debit or credit?

Q: Do Europeans have the option to take their loans in Euros?

Q: Is Celsius still planning to add DOT?

Q: Is it possible to have a limited account for children or grandchildren?

Q: Alex, what is the meaning of life?

Q: Can non-profits open a Celsius account?

Q: When taking a loan, if the borrow rate is 7%, but the rewards are higher, do I get to keep the difference?

Q: Why is the APY for MATIC and SNX so high?

Q: Can US members take out loans?

Q: Could we raise our LTV on a loan instead of adding more collateral when we get a margin call?

Q: What can users do to ease the burden on the support team?

Q: Is there an interest calculator in the app so we can estimate how much we’ll make?

Q: Alex, what’s your opinion on hyperbitcoinization? Why are all of these countries and people buying Bitcoin?

Q: Is there a plan to allow CEL token to be used to pay back loans?

Q: What happens to my wallet when I pass away? What will my family need to do to recover those funds?

Q: How can you assure us that user’s funds are safe at Celsius?

Q: How is usastrong.io working with Celsius to help attract female business owners?

Q: When will I as a US accredited investor be able to earn in CEL token?

Want to unbank yourself with Celsius (and get a free $20)?

Click here for a step-by-step guide for onboarding with Celsius, and here for my onboarding guide for Coinbase.

Current Celsius Promo Codes

If you find my work helpful and would like to donate to support it, you can use the addresses below or find my Gitcoin grant here. Thanks! 🙂

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