He could also be using “The Burn” to sell his tokens on the open market to Celsius. “Do good, then do great” has a new ring to it definitely.īut, Mashinsky could simply have moved these CEL tokens to other wallets or is using it himself in Defi. Now, that is a hell of a lot of money if these have actually been cashed in. If we look at the price of CEL over the year, $4.5 per token seems the likely minimum. Using webarchive snapshot from Jan 2021 through to today, it caught my eye that especially The Machine named accounts have seemed to reduce in amount. So I was looking into the Top500 list and wondered, with Mashinsky claiming that a large holder has been selling out, how the makeup of that list have changed the past year. "Crypto is not about helping JP Morgan make another $10 billion in profit, this is about all of us creating the next revolution and adding 4 billion people who as of now don't even know that we exist." You can also get a cash loan against your coins so you do not need to sell them. We’re building a lending platform for the crypto community to reap the benefits of the futures market and margin lending without the profits going to traditional financial institutions. When you deposit your coins you’ll join our decentralized crowdsourced lending pool and earn daily interest. Your Celsius Wallet will enable you to earn interest on your crypto holdings. We were the 8th largest ICO of Q1 2018 with a successful raise of $50m and named the #3 Blockchain Company to Watch for in 2018 by Forbes. We want to empower our community, via a consensus-based, Proof-of-Stake approach to allow the Celsius community members to borrow, lend and vouch for each other. In our view, traditional financial institutions should no longer control the flow of credit to people across the world.
Enabling Crypto holders to earn interest and get dollar loans. The Celsius Network will enable the next generation of lending and borrowing via a crypto wallet for the fast-growing cryptocurrency community.
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