Celsius Network current price is €0.00000.

Besides Celsius Network (CEL) is the renowned cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Celsius Network (CEL) price. Of course you can trade and/or invest in Celsius Network (CEL) as well. On this page you'll find basic statistics and characteristics of Celsius Network (CEL). Furthermore you'll find info regarding the Celsius Network (CEL) price, basic technical analysis and a brief explanation of the story of Celsius Network (CEL)

Current Celsius Network (CEL) price

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Onchain Metrics Celsius Network (CEL)

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Furthermore, we provide you with the price chart and historical data for Celsius Network (CEL) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Celsius Network.

The Celsius Network agenda

In order to provide you with an accurate overview of coming Celsius Network agenda items and events, you'll find our Celsius Network agenda below.

If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.

What is Celsius Network?

Celsius Network is a P2P lending site that enables cryptocurrencies to be borrowed and lent to consumers. The framework is based on the native token, CEL, of the Celsius Network.
Borrowers can conveniently have access to fiat currencies at a modest rate of interest without the need to sell their cryptocurrencies by using their cryptocurrencies as leverage. An interest rate for the cryptocurrency that has been invested in their Celsius Network wallet is charged to lenders.
Celsius Network has collaborated with BitGo to secure services stored in the platform's cold wallet. By providing up to $100 million in premiums for these resources, BitGo would compensate all risks.
It is also worth noting that the business does not have guarantees on crypto deposits directly. In other words, consumers are prone to losing their services during the event of a cyber threat. Celsius Network promises to pay for its subscribers by leveraging its balance sheet loss in those cases. However, their Terms of Service do not ensure the return of funds in the event of a violation.

Who created Celsius Network?

"Our incredible growth not just during the last year, but since Celsius was launched just over 2 years ago, proves that as we predicted, interest income is the new killer app for crypto," said Alex Mashinsky, Founder & CEO of Celsius.

What is the purpose of Celsius Network (CEL)?

The Celsius Network is a fintech application connected with the blockchain open to anybody with a smartphone. Through its suite of credit, investment, and payment options, the Celsius Network offers access to financial resources and terms that are not accessible through traditional institutions. At its heart, the Celsius mandate is simple: to ensure financial services, not intermediaries, while doing what is best for the society.
The Celsius Network's community-first mandate reverses the conventional approach followed in financial services and provides for a transformative solution. In the form of bonuses and attractive interest rates for savings, Celsius returns 80 percent of all its earnings to users. But how can Celsius afford to do that, though? The secret lies in the over-collateralization and rehypothecation of crypto loans, a mechanism through which crypto funds kept as leverage on the Celsius Network is loaned to another group case, major investors searching for stable cryptocurrency inroads.
They allow Investors like hedge funds to borrow crypto from a known source rather than borrow crypto from disjointed sources: the Celsius Network. Celsius provides an enticing platform for large institutional investors searching for a stable onramp to the crypto sector by aggregating cryptocurrencies into one large pool. The interest that Celsius receives from these investors is returned to the community. 80 percent of profits are paid to the Celsius Network users, while 20 percent is used to finance development. A closer look at each of the Celsius Network segments highlights a robust ecosystem of interactions that are encouraged.

Celsius Network (CEL) nowadays

There are no minimum deposits, which means you can start earning interest if you deposit whatever you want. No matter whether they deposit $5 or $5,000,000, they handle all of their customers similarly.
Your return now, realistically, would be equal to your original expenditure. At least, to know that everyone will start earning, no matter how deep their wallets are, is a welcome feature.
Celsius Network fees are an uncommon, if not unseen, feature, but Celsius Network withdrawal fees are not eligible. This ensures that by transferring money from the Celsius Network, you do not face any costs.
There are no redemption fees, no fees for withdrawals, no processing fees, no fees for early termination, and no origination fees.
The app helps you to get your interest in-kind or in CEL tokens, the native token of the Celsius platform, by selecting how to collect or pay your interests. You can gain up to 30 percent more interest if you choose this second option.
On the other side, the interest rates are lower by paying interest rates for CEL instead of fiat.
This is one of my favorites—no locking of the money. Typically, if you wish to earn interest, lending sites shoehorn you into locking the cryptocurrency for a certain moment. Celsius should not do this. Whenever you choose, you can remove your crypto, allowing you total ownership of your funds at all times.
Will you have a lot of Bitcoin for some fiat that you need to sell? No problem whatsoever! You can move them back into your wallet with Bitcoin and do what you want. No fines, no surcharges.
When you put your crypto as leverage, you can take out a loan based on that—no credit check. There is little relevance to the banking background here.

The future of Celsius Network (CEL)

Celsius Network is one of the oldest networks for crypto savings, and the CEL token was initially introduced in 2018. Since then, with the most significant run being in the last 12 months, the crypto cost and network use have undergone a drastic rise. Celsius was one of the key winners of the bubble of decentralized finance (Defi). As the craze for Defi goods has taken over the crypto culture, the crypto lending and savings site has grown in userbase in recent months.