The Celsius Coin – Unbank Yourself – REALLY?
What is Celsius?
Launched in June 2018, Celsius Network 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.
The Celsius Coin is a crypto currency that aims to remove the gatekeepers from the financial system. Its network eliminates the need for a middleman and allows anyone with a digital asset to acquire cash. The network’s creators coined the term “unbank yourself” to describe this unique concept. This unique currency earns rewards based on three factors: interest earned, loyalty tier, and crypto assets stored. Holders of the CEL cryptocurrency earn a 30% discount on loans and can earn 6.68% APY on deposits.
While the coin’s price has zigzagged around the $ 2 range, it has also fallen from a high of $ 1.89 to a low of $ 0.1711. At its current price of $0.8091, it is poised to fall again, falling below the $ 1.59 average. As the Celsius network promises customers that they will continue to accrue rewards during the pause period, its price could fall as low as $ 0.85 before rebounding again to $ 1.78.
Although digital currencies have been around for more than a decade, they still have a reputation for volatility. Prices of popular digital currencies can drastically shift in a matter of hours. As a result, if you’re looking to make a quick buck on the Celsius Coin exchange, be prepared to wait. And, don’t let the app’s promotional offers fool you. It’s worth taking the time to check out a crypto exchange’s security measures before investing your hard-earned money.
A centralized lending solution, Celcius uses blockchain technology to provide a secure and fast platform to borrow in dollars or cryptocurrencies. Its lending platform allows consumers to earn interest by putting their digital assets up as collateral. The Celsius network also accepts more than 40 coins as collateral and lends them to institutional investors. In addition, it offers instant loan approval and payment without any origination fees or other costs. It’s a win-win situation for both parties.
While cryptos and algorithms have dominated the digital currency industry for years, the CEL native coin (CEL) network has been among the top performers. The Celsius network adheres to a constantly improving protocol. The CEL price continues to climb. The company’s mission is to provide unmatched economic freedom for all. A recent news article about the Celsius Coin network explains how this cryptocurrency works. The mission statement of Celsius says it’s “to put economic freedom in the hands of the people.”
In January, the Celsius coin began trading at $4.33. On January 13th, it was down to $3.2. In February, the coin traded for $0.269 and stayed in that range until the 7th of March. By mid-March, the coin traded for $3.346. After a brief spike, it fell to $2.067 on April 13th, and now it’s as low as $0.80.
The CEL token is the currency of the Celsius Network. It serves as a payment method and fee for borrowers of cryptocurrencies. Its underlying infrastructure is unique and helps reduce the risks inherent in cryptocurrency trading. Users can choose from 30 different digital assets to invest in. They also earn interest on these investments. The CEL network also offers loans to those who need them. Its unique infrastructure enables users to get paid every month as well as invest in cryptocurrencies.