Celsius (CEL) – ICO rating and details
We believe the future of lending and borrowing will manifest itself in a P2P decentralized environment on the blockchain. In our view, traditional financial institutions should no longer control the flow of credit to people across the world. We want to use a consensus-based, Proof-of-Stake approach to allow the Celsius community to borrow, lend and vouch for each other, creating a truly win-win-win self-governed solution for people involved in every step of the credit ecosystem.
Members will be able to borrow USD against their crypto holdings in their wallet which will be used as collateral. Our goal is to allow anyone who’s in need of cash to easily borrow from the Celsius platform without having to sell their crypto holdings.
In the future, through the Celsius Network, cryptocurrencies deposited by members into their Celsius Wallet will be available on the network for immediate borrowing and shorting.
We’ve built companies from the ground up, served hundreds of millions of users and completed multiple exits for billions of dollars (including an IPO).
This isn’t our first rodeo. Our team of experienced entrepreneurs knows how to take a concept from ideation to full execution on a global scale.
Our founder, Alex Mashinsky, has filed over 30 patents including the original patent on VoIP technology. He previously founded several multi-billion dollar businesses including Arbinet (IPO 2004), TransitWireless and GroundLink. A cryptoholder since 2013, Alex serves as an advisor and investor to several Blockchain companies including Sirin Labs, MicroMoney and Ties Network.
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