🔥 100,620 $CEL (87,527 USD) burned today: https://t.co/yltGqTHZTX
May 13, 2022, 3:15 p.m.
Weekly snapshot for rewards Fri 5:00 am UTC: $CEL $1.00 $BTC $30,485 $ETH $2,088 $MATIC (Polygon) $0.69 Source: @coingecko Disclaimer: might differ from the official Celsius prices. Support us by signing on FTX: https://t.co/DuyRvzRVDP
May 13, 2022, 5 a.m.
500,000 $CEL (795,000 USD) transferred from unknown wallet - 0x845c to unknown wallet - 0x57e6 https://t.co/Ac6Ui9vue8
May 10, 2022, 12:25 p.m.
🔥 104,014 $CEL (213,229 USD) burned today: https://t.co/u4M17CLswU
May 6, 2022, 1:15 p.m.
Weekly snapshot for rewards Fri 5:00 am UTC: $CEL $2.03 $BTC $36,393 $ETH $2,743 $MATIC (Polygon) $1.07 Source: @coingecko Disclaimer: might differ from the official Celsius prices. Support us by signing on FTX: https://t.co/DuyRvzRVDP
May 6, 2022, 5 a.m.
🚨🚨🚨🚨🚨 5,034,178 $CEL (10,622,116 USD) transferred from FTX Exchange to unknown wallet - 0x845c https://t.co/dEfoevEklN
May 2, 2022, 7:25 p.m.
250,000 $CEL (530,000 USD) transferred from Celsius Network Wallet 5 to unknown wallet - 0xc04a https://t.co/gNj0CPK5TY
May 2, 2022, 4:30 p.m.
240,654 $CEL (510,187 USD) transferred from unknown wallet - 0x8e01 to unknown wallet - 0x4589 https://t.co/8XYXQhWoKj
April 28, 2022, 11 p.m.
🚨🚨 1,000,000 $CEL (2,090,000 USD) transferred from FTX Exchange to unknown wallet - 0x0000 https://t.co/H9lOYtlvrP
April 28, 2022, 6 p.m.
🚨🚨 1,000,000 $CEL (2,090,000 USD) transferred from unknown wallet - 0x0000 to unknown wallet - 0x0000 https://t.co/wZwf2zmUYs
April 28, 2022, 6 p.m.
🔥 105,826 $CEL (227,526 USD) burned today: https://t.co/74clo0SveK
April 26, 2022, 12:15 a.m.
Weekly snapshot for rewards Fri 5:00 am UTC: $CEL $2.12 $BTC $40,616 $ETH $3,011 $MATIC (Polygon) $1.41 Source: @coingecko Disclaimer: might differ from the official Celsius prices. Support us by signing on FTX: https://t.co/DuyRvzRVDP
April 22, 2022, 5 a.m.
🚨 850,320 $CEL (1,887,711 USD) transferred from unknown wallet - 0x48ac to FTX Exchange https://t.co/UTHUnRY7mE
April 20, 2022, 11:30 p.m.
🚨 850,320 $CEL (1,887,711 USD) transferred from unknown wallet - 0xab57 to unknown wallet - 0x48ac https://t.co/TYdGEJVDgL
April 20, 2022, 11:20 p.m.
300,000 $CEL (684,000 USD) transferred from unknown wallet - 0x845c to unknown wallet - 0x57e6 https://t.co/C4FXnKhtKB
April 19, 2022, 3:35 p.m.
🚨 510,672 $CEL (1,103,050 USD) transferred from unknown wallet - 0xae4f to unknown wallet - 0x77c8 https://t.co/pYl3WqfpsU
April 17, 2022, 2:50 a.m.
Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users.
Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments.
Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.Who Are the Founders of Celsius?
Celsius originally came into being as the product of creators Alex Mashinsky and Daniel Leon in 2017.
Mashinsky has a long-running history in the internet development sphere, having worked on the Voice Over Internet Protocol (VOIP) in the 1990s and other technologies since. Celsius is far from Mashinsky’s first corporate venture, with seven startups and 35 patents to his name, the project’s official website states.
Co-founder and COO Daniel Leon meanwhile has experience focusing on growing early-stage startups. His previous roles include being CEO of Atlis Labs, a social recommendation and discovery app which used real-time user referrals.
Celsius now has a large team of core employees, technical developers and advisors with experience in various spheres.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.Related Pages:
Read more about Electroneum here.
Read more about Stellar here.
Crypto newbie? Find the answers to all your questions with Alexandria, CoinMarketCap’s dedicated education resource.How Many Celsius (CEL) Coins Are There in Circulation?
The native token of Celsius is CEL. It performs a number of user-related functions and is freely tradable outside the platform.
CEL has a maximum supply of 695,658,161 tokens, of which 76% are in circulation and 24% are locked according to a schedule laid out in the project’s technical literature.
CEL had an initial coin offering (ICO) in May 2018. The presale and crowdsale took 50% of the token supply, with 27% going to the treasury, 19% to the team and 2% to partners and advertisers respectively.
CEL is an ERC-20 standard token on Ethereum.How Is the Celsius Network Secured?
Celsius uses a modified proof-of-stake algorithm for its token, while broader security procedures were outlined in a dedicated presentation in June 2020, still available on the company’s website.
As with any client-orientated wallet, the risk of theft from attacks such as SIM-swapping is present if users themselves do not have adequate protections in place such as two-factor authentication.Where Can You Buy Celsius (CEL)?
CEL is a publicly-tradable token on major exchanges, with pairs available for cryptocurrencies and stablecoins.
New to cryptocurrency? Read our easy guide to buying Bitcoin or any other cryptocurrency.
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