Check out this week’s rewards rates, CEL insights, and media highlights!
Hey Celsians! ’Tis the season to relax, rejoyce, and let your crypto work for you. Keep reading to learn about this week’s rates, new announcements, and how you can unbank in your best interest this holiday season! 🦃☃️🎄
Don’t sell your crypto — borrow against it ✊
Use your crypto as collateral to get the spending cash you need without selling your coins. Get instantly approved for a USD or stablecoin loan against any coin supported in the Celsius app at the lowest rates in the industry, guaranteed. Plan ahead with the Celsius loan calculator or get started today from the “Borrow” section of your Celsius app!
Check out this week’s rewards rates, CEL insights, and media highlights!
Hey Celsians! Our weekly update looks a bit different this week, but the crypto rewards are better than ever 😉. Keep reading to get the latest info on our current rates, new promo codes, recent announcements, and more!
In response to some unexpected downtime last week, we’re sharing a token ;) of our appreciation — get $25 in crypto with your next transfer of $200 or more to your Celsius wallet!
How it works:
- From the profile section of your Celsius app, select “Enter a promo code”
- Enter promo code: DNS
- Select “confirm”
- Transfer $200 or more in crypto to your Celsius wallet and you’ll receive a $25 crypto bonus on us! …
Ashley Harrell, Celsius’s VP of Finance and Operations, on sharing success and the insights behind the CEL employee bonus distribution plan.
It’s no secret that a hotly anticipated event is about to happen: the CEL token holding above $1.50 for ten days. Very few crypto startups have been able to deliver a fraction of what they promised in their whitepaper. And not only did Celsius create an extraordinary ecosystem in a mobile app — we delivered it to the community only a few months after the Token Generation Event. Innovative developments, feature improvements and services are added on a regular basis. Over and over, the original concepts we presented in our early drafts of the Celsius whitepaper are actually being realized. Usership has soared, the assets under management has surpassed $2B, loan issuance is hitting new records week over week, the CEL token utility is proven, the mission is inspired, the work done is good, and the end result is overwhelming. …
October 29, 2020 Celsius announces today that the firm has successfully integrated Chainlink’s decentralized Price Feeds to power its internal systems as a key component of its pricing services. The integration encompasses the usage and adoption of 35 Chainlink Price Feeds for many of the top cryptocurrencies, stablecoins, and FX rates.
“Pricing is a potential attack vector and we take it very seriously,” said Celsius CTO, Nuke Goldstein, “The integration of Chainlink’s highly secure and reliable oracles is an important addition to strengthen our fortifications, along with providing our users with heightened levels of transparency on the price feeds powering our financial products and services.” …
We decided that this year we’re upgrading our Halloween to a Hal-LOAN-ween
We’ve got a ton of announcements for our borrowers over the next few weeks, so we decided that this year we’re upgrading our Halloween to a Hal-LOAN-ween with special promos and product updates that allow you to access the fast cash you need without selling your crypto! Check out the latest updates below to find out how you can get cash in hand without cashing out!
🤑 Treat Yourself — $100 Crypto Bonus
Don’t ghost your crypto — borrow against it and get a crypto bonus, too! …
Check out the latest updates to the CEL Loyalty program!
If you’re a CEL token holder, it’s likely you’ve had some reasons to CEL-ebrate in recent weeks. We at Celsius are thrilled to be achieving such rapid growth across our community from new customers, new additions to the Celsius team, and new partnerships that will help us bring Celsius to millions around the world!
In order to continue scaling at a sustainable rate and keep the Celsius flywheel spinning, our finance experts have made some adjustments to the CEL loyalty tier program. Users must now have at least 20% of their portfolio in CEL to achieve Platinum status, and the CEL ratio threshold for each subsequent loyalty tier has shifted to reflect this change. …
Part 3 of Celsius CFO Harumi Urata-Thompson’s financial literacy blog series.
As we go through Industrial Revolution #4 (please refer to part 1 and part 2 of my blog series for some of the relevant thoughts), there are a number of emerging technologies and related concepts that we hear about daily. FinTech and blockchain are amongst some of them. FinTech is the term used to refer to innovations in the financial and technology crossover space. Blockchain is a digital system in which an immutable record of transactions is maintained across multiple computers linked in a peer-to-peer network. The beginnings of blockchain technology date back to the mid-’90s (did you know one of the “founding fathers” of the blockchain, Scott Stornetta, is a Celsius advisor?!), and there are arguably many applications to utilize blockchain technology across any and every industry. …
HODL your BTC with Celsius and earn!
When you HODL and earn with Celsius, we give you the freedom to earn on your terms. We thought we’d take a couple of minutes to break down how you can earn and what you can earn so you can maximize the outcome of your passive income. Keep reading to learn more about the bonus rates that apply to you based on where you live and how much you hold in your Celsius Wallet.
🌍 Non-US Customers
Celsius customers located outside of the US can choose to earn rewards in kind or in CEL tokens with the option to adjust reward settings for each coin in the Celsius wallet. Earning weekly rewards in CEL tokens gives you access to even higher rates on all coins based on your CEL loyalty level (the ratio of CEL tokens to all other coins held in your Celsius wallet). …
The Celsius business model, explained.
Some of the questions I hear the most about Celsius are: “How does Celsius afford the rewards it pays?” “Is Celsius safe?” and “How does Celsius work?” So, I wanted to talk about the Celsius business model and address all these questions head-on.
What is the Celsius business model?
Let’s take a moment to think about the traditional banking system. You deposit your hard-earned money with your bank and however low today’s interest rate may be, you expect it to earn some kind of payout on it. I am Japanese — come talk to me about low interest rates one day (and eating really strange raw fish), but I digress. Banks can pay out interest to their depositors because they use the money deposited to lend to borrowers (mortgage, anyone?). The borrowers pay interest on their loans. …
I was always a part of large global corporations until one day, I wasn’t. As soon as I began to go down the road of small business and entrepreneurship, one of the things that I immediately had to deal with was capital. I learned a lot about that since. As the current CFO of Celsius, I would like to share a thing or two of what I learned and apply that to the situation of Celsius to crack the mystery of why a blockchain company might raise equity capital.
I still remember the day when I went to a presentation by Naveen Jain, a super entrepreneur. There were a lot of important things that he brought up, one of them was about funding. He said (in summary), It is when you say no to someone’s money, everyone turns around and starts giving you money. The challenge is to get to the place where you are in the position of being able to do so. In an environment where over 90% of startups fail (mostly due to issues around funding), this was painful but precious advice. Everyone can use additional funding to get the company bigger but how do we get to the place where you don’t have to rely on someone else’s money? …
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