celsius network  (CEL)

Celsius Network (CEL)

$0.256733 3.2%
0.00106878 ETH 2.2%
865 people like this
Market Cap
$122,753,850
24 Hour Trading Vol
$821,148
24h Low / 24h High
$0.247534 / $0.272066
Circulating Supply
477,803,812 / 695,658,160
CEL
USD

How do you feel about Celsius Network today?
100%
0%
👍 👎
1h
24h
7d
14d
30d
1y
-1.2%
3.2%
34.7%
86.6%
116.9%
165.1%

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Celsius Network price today is $0.256733 with a 24-hour trading volume of $821,148. CEL price is up 3.2% in the last 24 hours. It has a circulating supply of 480 Million coins and a max supply of 696 Million coins. Idex is the current most active market trading it. In order to explore addresses and transactions, you may use block explorers such as etherscan.io. Additional information can be found at https://celsius.network/.

Celsius Network Price $0.256733
Celsius Network ROI Beta -14.4%
Market Cap $122,753,850
Market Cap Dominance 0.05%
Trading Volume $821,148
Volume / Market Cap 0.0067
24h Low / 24h High $0.247534 / $0.272066
7d Low / 7d High $0.225240 / $0.266323
Market Cap Rank #56
All-Time High $0.285990 -10.4%
May 30, 2020 (5 days)
All-Time Low $0.02620268 878.5%
Dec 07, 2018 (over 1 year)
Celsius Network/Bitcoin Ratio 1 BTC = 37222.65 CEL

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# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 CEL/ETH
$0.25
0.0010400804098681 ETH
3.85% $755 $2,236
$58,217.17
233529.496 CEL
7.10% Recently
2 CEL/ETH
$0.26
0.001072 ETH
3.24% $640 $0
$182,605.11
709225.746 CEL
22.25% Recently
3 CEL/ETH
$0.26
0.001078 ETH
0.28% $4,647 $187
$94,519.40
365813.560 CEL
11.52% Recently
4 CEL/BTC
$0.26
0.0000272 BTC
2.02% $1,133 $35
$160,980.41
620023.901 CEL
19.63% Recently
5 CEL/ETH
$0.25
0.00104763 ETH
0.41% $9,959 $90
$126,362.65
499672.430 CEL
15.31% Recently
Show More
Anomaly BTC/USD Stale

Misc Info

Genesis Date -
Hashing Algorithm -
Hashrate N/A
Block Time minutes
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What is Celsius Network?

Celsius Network is a P2P lending platform allowing users to borrow and lend cryptocurrencies. The system is based on the Celsius Network native token, CEL.

By using their cryptocurrencies as collateral, borrowers can easily have access to fiat currencies with a small interest rate without the need to sell their cryptocurrencies. 

Lenders are paid an interest rate for the cryptocurrency that was deposited in their Celsius Network wallet.

How does it work?

Users can earn interest by depositing cryptocurrencies into Celsius Network. The interest is paid weekly and users have the option to withdraw at any time. To make things better, users are not charged whenever they deposit or withdraw funds. 

Users can also earn “Bonus Interest” through the Celsius Loyalty Rewards. For example, if the overall wallet balance has 15% in CEL tokens, users will be deemed as a Platinum Celsius member, thus obtaining a 35% Bonus Interest and 30% Loan interest discount.

Is it safe to store your cryptocurrencies with Celsius Network?

To protect assets that are deposited in the platform’s cold wallet, Celsius Network has partnered with BitGo. Through this, BitGo will cover any losses by offering up to $100 million in insurance for these assets. 

It is also worth noting that the company does not directly grant insurance on crypto deposits. In other words, during the event of a cyber attack, users are vulnerable to losing their assets­. In those situations, Celsius Network promises to use its balance sheet to offset the damages to its clients. However, their Terms of Use do not guarantee the return of funds in the case of a breach. 

Background

Celsius Network was founded by Alex Mashinsky in 2017. The company exists based on the fundamental idea of decentralization by allowing people to unbank themselves and substituting the existing financial structures with a new model.

To learn more Celsius Network, you may watch an interview of Alex Mashinsky by Altcoin Buzz below:

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