Celsius Network cel

Celsius Network price today is USD 0.293 and the trading volume in 24 hour is USD 2,951,656. Price change in the CEL price in the last 24 hour is -0.046 . It has a circulating supply of 423,415,980.348 coins and a total supply of 692,753,440.497. Total market cap of the CEL is USD 123,858,230 which has the movement of -14.209 in the last 24 hours

Celsius network is a regulated, SEC compliant, lending platform that enables users to receive interest on deposited cryptocurrencies or take out crypto collateralized loans. The system is based around their native token CEL, which is used to take loans, provide rewards, and make payments.  Further, Celsius implements a loyalty program where status is reflective of CELs value in the user’s portfolio. As a member progresses to each subsequent tier, they are given bonus rewards and discounts on loan interest

Incorporated in London in 2017, Celsius Network was founded by Alex Mashinsky, S. Daniel Leon, and Nuke Goldstein. Notably, Mashinsky is an accomplished entrepreneur and engineer formerly contributing to the foundations of VOIP (Voice Over Internet Protocol) and founding two of NYC's top 10 venture-backed exits since 2000. In 2018, Celsius launched an Initial Coin Offering (ICO), raising about $50 million

The main reasons to invest in Celsius include: - Celsius aims to outperform banks at their own game by offering financial services like 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