Celsius Network (CEL)
$6.2400 / $5.9700
What is Celsius Network (CEL)
Celsius (CEL) is a blockchain based crypto currency lending platform that has an app available both on Android and iOS devices. The platform’s aim is to create a crypto currency based financial service platform that is for its community. On Celsius’ platforms, users can earn interest by transferring their assets to the Celsius Wallet and borrow US Dollars. Per its website, Celsius Network lets its users to buy coins, earn interest in their crypto and instantly borrow dollars at 1% APR against it without any fees.
Celsius app supposedly has the lowest loan rates in the industry. Users can use their crypto as collateral to borrow dollars and stable coins at the lowest rates starting at 0.7%. Moreover, Celsius Network supposedly shares at least 80% of its revenues with the Celsius community in the form of weekly interest payments. “Charging fees is so 2008. We’re not here to take your money, we’re here to make you money” Celsius states.