Celsius - Earn interest/yield on your crypto assests!

Celsius Network

https://celsius.network/
https://celsius.network/wp-content/uploads/2018/04/celsius_whitepaper-march21.pdf
https://celsiusnetwork.app.link/10161736ef

This is a public service announcement, which for anyone that is relatively new to Crypto - it's a MUST READ.
I feel many of you may have not been exposed or aware of this project, and with the way the traditional banking model has served (or not served) us, I feel now is a better time than ever to be considering opportunities available outside the traditional banking system and on the blockchain.
If you've started your crypto journey recently, you are probably hungry for information on how to navigate what is currently the most important time in history. Government has become too big, central banks are not our friends and our hard-earned money is losing more and more of its purchasing power the longer we leave it in the traditional finance system.
Gone are the days of the old Savings account paying us 15% on your savings. Current interest rates on YOUR savings are non-existent and will be for some time in this fragile system.
Based on this and this alone, I have found Celsius Network is the best financial product available on the market for earning interest on your Crypto.
Celsius, which completed a successful initial coin offering in March 2018 valued at $50 million, is a centralized crypto credit platform with a mobile app that allows users to earn interest on stablecoins and a number of cryptocurrencies.
The platform borrows from one set of clients and issues crypto collateral-backed loans to institutional clients while collecting the difference in interest.
Eighty percent (80%) of the returns generated are paid to members and the community, while 20% goes to Celsius.
It is essentially DeFi-style lending with regulatory compliance and CEO, Alex Mashinsky in control.
Yes, you heard right! Celsius returns at least 80% of its revenue to depositors, so they can earn up to 17.79% APY, which is distributed weekly.
You can earn this in-kind currently on 40+ coins or you can choose to earn in CEL, which is their token.
Celsius have their own token (CEL), which incidentally is up an incredible 5146% over the past 12 months. And before you say it's topped.... I urge you to dig deeper and DYOR to understand why CEL at $9.00-$18.00 isn’t such an unrealistic expectation by the end of 2021. In fact, some of the data arriving from the community has estimated it has a price floor of $26.00 USD

How do Celsius achieve this?

• They provide fully collateralized crypto loans to institutions (SEC Lending Model)
• They offer loans to members (coins or cash) using your crypto as collateral at rates 0.75% APY

More information available here;
https://celsius.network/borrow-dollars-using-crypto-as.../
Sounds too good to be true?? Read on..
I’ve aimed to address the main points which I feel would be a barrier to new members entrusting this platform and other DeFi or CeFi products.
Leadership & Management
Celsius Co-founder, Chairman, and CEO, Alex Mashinsky, disrupted several industries but he is most known as the inventor of VOIP which today enables over 3.5B people worldwide to use free voice over the internet for free. Celsius Network is disrupting the banks, it allows members to borrow dollars against their crypto assets and to earn interest when they deposit (and lend) their crypto out. He wants 7.5B people to go from VoIP to MoIP (Money over IP)

Alex Mashinsky Professional Profile
https://mashinsky.com/
Celsius Intro Video
https://www.youtube.com/watch?v=Z543pFBJq4c&feature=youtu.be&t
Services offered

• Earn

Ability to deposit your digital assets and earn interest. Yearly rates delivered weekly in 52 payments, making Mondays great again.
More information can be found here https://celsius.network/earn-rewards-on-your-crypto/

• Borrow

Ability to loan against your digital assets. Take a fiat or stable coin loan against your digital assets.
Advantages of taking a loan against your assets :

• Access capital without selling your assets
• Low-interest rates (Interest only due to nature of asset-backed loan) 1% @ 25% LTV
• Potential to defer taxes by loaning against assets rather than creating a taxable event when selling.
• Assets released back to you if the price of an asset increases significantly during loan period.
• Best in class support from Celsius loan team, work with clients to adjust LTV in the case of an asset depreciating. Add collateral or pay back % of the loan as examples.

More information can be found here https://celsius.network/borrow-dollars-using-crypto-as-collateral/

• Pay (Value Transfer via CELPAY)

Seamlessly send payments from one Celsius wallet to another via the CELPAY service
Advantages include :

• No Fees,
• No Minimums
• Instant payments
• Sent and redeemable via contact book or individually created link.

More information can be found here https://celsius.network/celpay/
Security / Risk Assessment / Compliance
Celsius takes compliance very seriously. They have a robust AML program with a knowledgeable team of veteran AML professionals that are Certified Anti-Money Laundering Specialists (ACAMS).

They operate under legal opinions provided by several global law firms and are governed by the relevant regulatory offices.

ISO/IEC 27001 security certification
https://www.prnewswire.com/.../celsius-achieves-isoiec...
In addition, Celsius Network is a;

• Global Multidisciplinary Group
• Cryptography and Cryptocurrency Innovators
• Cyber Intelligence and Incident Response Experts
• Celsius combines the best cyber defense talent with unique and proven technologies such as MPC (Multi-Party Computation) to provide top-tier security and asset protection

Security Governance
World-class security personnel, ongoing risk assessment, threat mapping, and auditing.
Defense & Prevention
MPC - Multi-party computation, strong access controls, secure development lifecycle, advanced data protection, training & awareness.
Situational Awareness Intel
Cyber threat intelligence, community collaborations, bug bounty, thought leadership, training & awareness.
Detection & Monitoring
24/7 Security operations center (SOC), Immutable Audit Trail, backups & retention.
Business Continuity
Incident response drills & teams, Business continuity, disaster recovery controls, and insurance.
More information here ;
https://celsius.network/security-insights

In the latest app update, Biometric Facial recognition was added, and as for all your online investments, here are some other key points to keeping your Celsius account and assets secure:

• Activate 2-factor-authentication on the Celsius mobile app
• Whitelist your crypto withdrawal addresses within the app
• Activate HODL mode
• Protect your personal email and accounts from SIM SWAP attacks - use non SMS based 2-factor-authentication - Google Authenticator app for example
• Always use an encrypted email service provider, like https://protonmail.com/or GMAIL ( ensure it has 2FA activated and create a unique username that isn't obvious)

Company Performance / Financials
As of 12.05. 21

• Celsius has 692,990 + members and growing
• Active wallets 246,240 (members with $10 or more of currency)
• $18B AUM
• $431.5M interest paid in the past 12 months
• Celsius users have saved $5,442,559.08 in network and gas fees as these are absorbed by the company

61.60% of members chose to earn their interest in CEL Token. Which Celsius purchases from the open market each week.

• Currently, American citizens are not legally allowed to “earn in CEL” so once legal compliance allows, this number is expected to grow significantly.
• Depending on what ratio of CEL Tokens you have compared to other coins in your wallet, you can earn bonus interest.

See more details here.
https://celsius.network/cel-token-explained/

• Profitable Company since 2019
• Celsius Treasury worth $3B USD
• Strong market position – Front runner in digital asset lending space, first-mover advantage, invented the category of “interest income”
• Equity Raise via Bnk To the Future platform – $20m+ USD + Strategic investors, $10M of crowdfund invested by Tether. No board seats are given
• Second equity raise tba in June 2021
• Companies house registered entity (UK Registered, London)

How does Celsius make money

• Institutions - Currently working with 350 institutions that have passed Celsius’s rigorous due diligence process - Celsius scale allows 10/20/30 Million USD lending size.
• Retail Dollar Loans – 1% interest rate + relending locked loan collateral
• DeFi / Staking / Other strategies (Compound / Curve etc) Blended Income = Average Income = 80% back to the community (REVENUE NOT PROFIT)
• Tried and tested model business model – Battle-tested in high, medium, and low volatility market conditions
• The best days are the biggest volatility days. (Large profits made when large volatility is experienced by exchanges offering margin etc)

Tokenomics
Fixed supply ERC20
The Celsius Flywheel incentivizes holding and provides consistent buying pressure on the token.

Further information below;
https://celsius.network/earn-rewards-on-your-crypto/
CEL Token Forecast/Estimates
End of 2021
4x Current Depositors (280,000 user) = Minimum 3x AUM
Total Crypto Market Cap = 800B - 1.6T = 2-4x AUM
Weekly CEL buybacks 4-8 Million
$9.00-18.00 CEL

End of 2021
7x CurrentDepositors (500,000 user) = Minimum 5x AUM
Total Crypto Market Cap = 800B - 2T = 2-5x AUM
Weekly CEL buybacks = 6-16M
$15.00-$37.50 CEL
Based on 40% flywheel speed

End of 2022
14-28x CurrentDepositors (1-2 Million) = Minimum 10-20x AUM
Total Crypto Market Cap = 2-5T = 5-12.5x AUM
Weekly CEL buybacks 30M=157M Million
$75.00 CEL

Partnerships
One of the main factors identified when considering long term growth/success with this project is widespread adoption.
With only 270k active members and interest (CEL Tokens) being bought from the open market currently at between $800,000-$1,000,000 USD per week, you can only imagine what bringing another 100k, 200k or 1 million users to this platform would do.
The most recent partnership between Line Corp aims to introduce their 650 million users to yield earning on crypto assets.
https://linecorp.com/en/pr/news/global/2020/62
Also, Bitfinex & Liquid users now have access to Celsius through their integrated platform, Celsius is also working on other integration projects which will be announced throughout 2021.
Bitfinex Lets Users Earn on their Bitcoin with Celsius
Celsius Network Partners with Chainalysis To Confirm Audit of $3.31 Billion in Assets (Dec 09, 2020, 12:34 ET)
This is another notch in the transparency belt for Celsius. No other lenders in this space at the time of writing have gone to these efforts to provide this level of transparency.
Celsius Network Partners with Chainalysis To Confirm Audit of $3.31 Billion in Assets

Community
Another plus for users who are particularly new to Crypto is the transparency in which Celsius offers.
Additionally, “Celsians” (member community) are growing by the day and produce/share their own data to help grow the community.
The links below provide detailed data-driven metrics that aim to support the public's need to consume easily digestible metrics from the blockchain.
https://celsiushub.com/
https://celsians.com/

Proof of community (POC)

• Proof Of Community (POC) is an Internal Celsius Network Project utilizing Zero Proof technology to provide ”best in class” industry-leading transparency and delivery users the ability to audit weekly interest payments.
• Forcing competition to follow suit, competitors such as Blockfi, Nexo will be forced to disclose such data or slowly driven out of business.

Additionally, Alex hosts a weekly AMA where you can submit questions and hear from other leaders in the business.
Subscribe > https://www.youtube.com/c/CelsiusNetwork/videos
If you want to dive in further, every other week, community members host “community hangouts” that discuss anything and everything regarding the network. So any comments or questions can be explained, clarified and answered in real time.
Follow them on Twitter to discover when they are on;
Bi Weekly Celsius Network Community Hangouts with Celsius Team Special Guests :
https://twitter.com/Crypto_Flippin
(Daily CEL reports and statistics)
Bi Weekly general Crypto Hangouts, Celsius topics covered. Follow The above account for zoom link invite
Plan C @1trillionCEL
https://twitter.com/1trillionCEL (Cel data and charts)
DISCORD GROUP (Celsians Club)Invitation to join > https://discord.gg/aXdR9ZK8
CELSIUS HUB (Statistics on Celsius Network)
https://twitter.com/celsius_hub
Celsius Network Official
https://twitter.com/CelsiusNetwork

Compliance
Securities and Exchange Commission Regulation Filing - April 2018
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001739052&action=getcompany
Financial Crimes Enforcement Network (FINCEN) - March 2018
Registration Number - #310001222
Registered Address : 1 Bartholomew Lane, London, England, EC2N 2AX
Incorporated – 9th February 2018
https://beta.companieshouse.gov.uk/company/11198050


COMING IN Q3, 2021
* US ACCREDITED INVESTORS TO EARN IN CEL
* IN APP SWAPS (NO FEES)
* 2 X NEW EXCHANGE LISTINGS
* DESKTOP / WEB APP
* MAJOR INSTITUTIONAL INVESTOR ANNOUNCEMENT

Celsius Whitepaper
Celsius - UnbankYourself

Final notes
When surveying the crypto lending financial environment today, I am hard-pressed to find a more transparent, community-centric project, where someone with not a lot of capital can achieve financial freedom without getting hit with a hefty price tag with fee's and restrictions.
Where the interests of the people are put first, ethical behavior is the standard, and where everyone has the opportunity to succeed financially.
Things like fair interest, zero fees, and fast transactions have been abandoned by big banks. The goal here is to disrupt the financial industry and introduce financial freedom through crypto.
After all, shouldn't digital currency and all the benefits be accessible to all?
Most importantly, do your own research as I have over the past 12 months on this project.
Eager to hear anyone else’s thoughts on this space and what your primary concerns would be in investing your wealth on the blockchain, compared to traditional banking…?

If you've made it this far in the post, well done it was a lengthy read.
If you sign up with my referral link, YOU and I will both receive $40 in BTC with a deposit of $400.
Referral Code: 10161736ef
Referral Link: https://celsiusnetwork.app.link/10161736ef

 

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