Imagine a service that always acts in your best interest. A service that actually works as hard for you as you do for your money without charging any fees or penalties whatsoever. A service that actually puts its users ahead of its shareholders. Imagine a service that’s fully transparent enabling any and every participant to see in real-time HOW MANY people use the network, HOW MUCH is being contributed, WHAT it is used for, IF it’s doing what it promised, and IF it’s acting in your best interest.
Imagine no more, as Celsius Network embodies all the aforementioned. We are the first fully transparent company in the industry to publish our data in real-time. Try that with your bank and see what they say. Celsius Network is also the first service in a new breed of Blockchain-based financial platforms intent on changing the future of banking by putting the power back into the hands of the people. For us, we are able to directly support this mission through our own CEL token.
Celsius Network launched in early 2018 with a successful ICO raising $50 million to build the financial products of the future. While many ICO-funded projects have crashed and burned, Celsius has not only survived the bitter cold crypto winter — we’ve thrived! Through our ICO, we were able to start building a vibrant community of Celsians, and we’ve since become one of the fastest-growing companies in the industry!
The CEL token provides our ever-growing community with access to free, fair, and rewarding services available through the Celsius app. Members can earn interest income in CEL on 25 different cryptocurrencies at a rate of up to 30% more than earning interest in-kind or choose to earn compounded interest on their total CEL balance at a rate of 5% APR. In addition to earning interest, members can also complete loan interest payments in CEL tokens at a discount of up to 30% less than paying in crypto or fiat.
➡️The best way to earn interest: while banks expect you to give them your money for free, Celsius has created a new model that pays out 80% of our income back to our depositors instead of shareholders. We always act in your best interest.
➡️Community support: The CEL token was created first and foremost to embody the Celsius mission and serve as a means to spread that same mission. It came about to advance a self-sustaining business and reflect the size of its community directly through the success of the token.
➡️Valuable Token with Real Utility: The CEL token is used by almost half of our members and has actual and fungible worth — the token is valuable, unlike others…( 😼 & 🐶 ⛓)
To learn more about the CEL utilities click 👉 here 👈
CEL Token Economics
The value of the CEL token is directly related to the number of people who support CEL by choosing to HODL and earn interest in CEL to get 30% more interest income, and/or use CEL to pay back loans at a 30% discount.
As our community grows larger and more people deposit coins to take part in earning unprecedented interest income, this growth propels the CEL token economy. The token also becomes less dependent on the overall crypto market and more dependent on our community’s sentiment.
Here’s how it works…
Since there is a finite supply of CEL and almost half of it is held by the company treasury, there is a continuous demand for CEL from our community of HODLers, market speculators, and….
Since the CEL token’s launch this past June, it has outperformed both BTC and ETH as it is valued not on speculation, but rather on real demand from real people to earn interest, get a loan, and make an investment in a demand-based platform that acts in the best interests of its growing community.
To date, about 40% of the Celsius community is choosing to earn weekly interest income in CEL on their crypto deposits. In order to pay interest in CEL tokens to these members, Celsius goes to the market each week to purchase CEL from exchanges, directly contributing to the success and value of CEL for the entire community. Demand for the CEL token grows naturally over time as more and more users learn about the value of CEL and choose to earn interest income in CEL.
You can track Celsius Network’s weekly CEL purchases on the blockchain here
You can track various CEL wallets, including coins held by the community, coins purchased for interest income distribution, and more, on our website.
A Community Contribution — The Celsians.com community website
Celsians.com is an independent, community-run website designed to enhance transparency and provide the Celsius community with user-friendly information regarding Celsius Network. Since blockchain data can be difficult to locate, analyze, verify and audit, Celsians.com has converted all of the data into comprehensive visual charts and provide real-time access to a robust set of community data. The independent work that Celsians.com does acts as a real-time auditor that verifies and validates data published by Celsius. Amongst the information you can find on the website, are Celsius Interest Rates History, a community growth chart, and CEL token information. See more here: https://celsians.com/celsius-statistics/
About Celsius Network
Celsius Network is a democratized blockchain-based cryptocurrency platform accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 4.95% APR.
Download the Celsius Network app and start earning interest on your crypto today ➡️ celsiusnetwork.app.link
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