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Celsius (CEL)

Financial Services

Overview

Celsius is a P2P financial platform that connects holders of crypto-assets with borrowers. It allows the crypto-holders to earn fees on their assets in the form of coins or get a dollar margin loan against their crypto.

Features

Coins that are lent from member wallets will begin to accrue interest in the form of Celsius Tokens (CEL), allowing members to earn up to 9% annual interest per transaction. 
Celsius designed CEL (ERC20 Token)  a value-driven lending and borrowing platform for all Celsius members.

When the token is issued, members who own Celsius tokens will be able to apply for and receive dollar loans against their current holdings. In addition, users who accept the loan may pay the interest in Celsius tokens for a discount. Any excess Celsius  tokens will be burned after the token sale. Celsius tokens placed into the Treasury will be used for new loans, and not sold off immediately upon delivery.

If user fails to act and crypto value continues to decline Celsius may sell crypto in the exchanges to recover dollars and reduce loan amount .

Celsius issues a sell order of crypto on the exchanges to initiate the short position on behalf of the borrower (trader).

Celsius will be launched in 2019.

Crowdsale

ICO
ICO start date 15 Mar 2018
ICO end date 22 Mar 2018
Raised 50,000,000 USD
Legal
ICO Platform No
Token details
Ticker CEL
Type Utility-token
Additional Token Emission No
Accepted Currencies

USD

BTC

ETH

Ratings

Type of scores
Score
Status
Hype score High Active
Risk score Medium Active

Team members

Name
Position
ICO
Social
CEO Member of 5 ICOs
Co-founder at Evercoin Member of 4 ICOs
Founder & Co-CEO at Sirin Labs Member of 4 ICOs
Product Design Member of this ICO only
Business Strategy Member of this ICO only
Algorithm/AI Developer Member of this ICO only
CTO Member of this ICO only
President and COO Member of this ICO only
CEO of MicroMoney Member of this ICO only

Funding Rounds

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
NA Done NA NA NA

Rating Review and Analytics

Investment rating Info NA
Hype score Info High
Risk score Info Medium

Ended

Start ICO 15 Mar 2018
End ICO 22 Mar 2018
Token CEL
Product Type Service
MVP No product
Whitepaper View

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