What is Celsius?
Celsius is a platform where you can earn interest on your crypto or you can borrow against it. So instead of selling your crypto, if you need extra cash, some extra income, you can actually take out a loan at Celsius and it has one of the lowest rates I have ever see on any lending platform as low as 1% per year. It beats the banks; it beats everyone that I have ever seen. Alex Manchiniski is the CEO of Celsius network. He is very successful, he actually was the creator of VOIP (Voice Over Internet Protocol) and he is trying to do what he did with “voice over internet protocol” with the money and he calls it MOIP (Money Over internet protocol). He is very transparent within the community and because of that he has a very loyal following and has built this community of Celsius and it is strong and it is growing at about a hundred thousand users per month. It is one of
the better platforms out there for cfi which stands for Centralized Finance.
So let’s go over some market updates on Celsius and what it’s been doing for past months that I have known them.
So let’s go over to coingecko.com. There you will see what Celsius is currently trading at. By December, it was trading at 2.31 cents. It has its ups and downs like any other cryptocurrency but the overall trend has been going up and Celsius has seen enormous growth, and enormous amount of assets that have been deposited into the Celsius platform. Back in December they had a huge influx of new users that came in. Around that time, they actually had a few promo codes to get started in Celsius and so that probably attributed to their growth and during this time bitcoin crash in which a lot of cryptocurrencies lost anywhere from 30 to 50% of their value. There were 4 cryptocurrencies that actually did not fall and Celsius was one of them. The entire time I’m watching it, I actually acted like a stable coin and it maintained its value. So you can see here that the four cryptocurrencies that did well were polygon, helium, Celsius and maker. Celsius has a strong loyal community and they are known to be a community of holders. People in Celsius do not sell their assets, they hold them and they earn interest on them whether the market is going up or down, they just hold and earn interest off it and grow their portfolio that way. Alex announced that the Brooklyn nets basketball star Spencer Dinwiddie joined Celsius in an exclusive partnership in which he will actually get paid his entire salary in cell tokens and it will be deposited directly into his Celsius wallet and that is incredible news. He has been an advocate of cryptocurrency and blockchain technology for a while but now he is partnered with Celsius going to be a big boost to the Celsius, the token and the community. Celsius is going to be at the bitcoin conference this weekend in which they are going to be announcing 3 to 4 major announcements. We are told which could actually potentially increase the price of cell token substantially 5 times, 10 times, who knows. This was pretty big in itself because we are getting a rumor that a celebrity, well known celebrity who has a following of millions will be promoting Celsius and introducing their following to the Celsius platform and making known that they are part of it. And if that’s the case, we are going to have maybe even more than a hundred thousand users join the Celsius platform this month alone, which in turn will increase the price of Celsius as well. There a lot of exciting thing going on with Celsius community right now. Last week they came up with a web app which we have been anticipating for and is available on your smart phone with your mobile app and currently that is the only way you can sign up. Next month you will be able to sign up through the web app but right now you can currently download the Celsius app and join through there. It is available to international people outside of the U.S. If you are a U.S. resident, you actually can only earn your interest in kind, for example if you have bitcoin then you would earn your interest in bitcoin, if you have Ethereum you will earn your interest in Ethereum, and that it has something to do with the securities in the U.S. so currently we’ve got Ethereum, bitcoin, and we used to have EOS in this account. The U.S. residents are currently
earning 6.2 percent. Starting next week, the international will also be earning 6.2 on their first bitcoin which is tier one. there are tiers within Celsius and or what you call loyalty levels. These here are the loyalty
tiers and it’s all based off of your cell token holdings. so
how much in your portfolio is attributed to cell tokens that you hold.
Thanks for reading.