Celsius (CEL)

Celsius (CEL)

Rank #158

$0.623632

1.76%

0.00003 BTC

CEL
USD

MARKET CAP

$148.963M

ALL TIME HIGH

$8.02

VOLUME 24H

$2.417M

CIRC. SUPPLY

238.864M

VOL/MCAP

2.00%

TOTAL SUPPLY

695.658M

DILUTED MCAP

$433.834M

MAX SUPPLY

695.658M

1H USD

0%

24H USD

1.76%

7D USD

22.52%

30D USD

16.11%

60D USD

26.64%

90D USD

0%

Tag:

lending-borowingexnetwork-capital-portfolioView all

Celsius Price Chart

24h Change

1.76 %

Celsius - CEL Profiles

What is Celsius?

The Celsius Network is a leading retail savings platform for interest-bearing and borrowing accounts with fiat on-ramp, as well as a market-leading CeFi lending provider. Celsius Network operates on a community-first mandate, giving 80% of its revenue back to its users in the form of additional earnings on saving and borrowing. Combining attractive interest rates, low fees, and a strong community, the platform has experienced considerable growth since inception.

  • A retail mobile-only platform Users can only access the Celsius Network via its app and not the desktop.
  • Earning Users can deposit coins and earn from their holdings. The Annual Percentage Yield (APR) of each staked cryptocurrency reflects the market demand for that particular coin. In addition, users can earn a bonus interest on their accounts by choosing to use the CEL token to receive the rewards.
  • Borrowing, Dollar and coin loans Users can borrow stablecoins and dollars against crypto collateral. In addition, users can earn a bonus discount on their accounts by choosing to use the CEL token to pay back their loans.
  • A market-leading CeFi lending provider When coins are deposited, they are held as collateral on the Celsius Network and lend to another party. In this case, CeFi Financial Institutions, large investors, institutional traders, hedge funds or exchanges looking for reliable inroads into cryptocurrency.

What Makes Celsius Unique?

Celsius aims to outperform banks at their own game by offering financial services on the kind of terms which traditional financial institutions no longer offer.

These include much higher rates of returns on savings and deposits, much easier and fairer loan requirements and automated rewards computed for each user algorithmically. Penalties and bank-style fees are also waived.

The platform also functions as a wallet via its CelPay feature, and hosts its own CEL token which users can leverage to increase payout value among other things.

As a for-profit company, Celsius takes a cut of profit margins on interest payments, still returning 80% to users themselves. The company also lends to institutional entities such as hedge funds.

Payments are ensured because loans are asset-backed, and any borrower must supply more than 100% of what they borrow in the destination currency.

Version 1 of Whitepaper is released, tech team hired and development begins.

Full Read Article: CLICK HERE

People

We found 5 people related to cel-celsius, include Co-founder and Chief Strategy Officer S. Daniel Leon

Organizations

We found 1 organizations related to Celsius has Celsius Network

Celsius Price Live Data

CEL Price

$0.623632

Trading Volume

$2.42 M

All Time High

$8.02

1hour Change

-1.66%

24hours Change

1.76%

24hours Range

-1.76%

24hours Low

$2.99

24hours High

$3.15

Liquidity ±2%

$911.45 B

Bids -2%

$911,445.00

Asks +2%

$861,136.00

Market Cap

$148.96 M

Fully Diluted Market Cap

433.83 M

Circulating Supply

238.86 M

Total Supply

695.66 M

Max Supply

695.66 M

Celsius Markets

See All Market
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