Celsius Network
CEL
$ 0.556748
0.00001908 BTC
Marketcap
$ 235,834,390
Volume (24h)
$ 1,316,790
Circulating Supply
423,415,980 CEL
Total Supply
693,062,555 CEL

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What is Celsius Network?

Celsius offers financial and banking services to users of cryptocurrency. Its services include loans and payment processing, among others. It also provides rewards for those who deposit cryptocurrency with the service. It aims to provide elements in its financial arrangements that traditional financial service providers don’t put forth anymore.

The terms they hope to include are higher returns on deposits and savings instruments, much simpler and more equitable requirements for loans, and waived fees and penalties. Their loan rates are as low as 1 percent annual percentage rate, which is much lower than most banks can provide. When users transfer their cryptocurrency funds to Celsius tokens, the company offers 21.49 percent in additional earnings. Users can also withdraw their funds at any time without any fees attached. Its CelPay feature gives users access to wallet-type capabilities. The services are available through a telephone app for greater user-friendliness.

Celsius’s utility token, the Celsius (CEL), works internally in a variety of ways. It offers access to greatly increased returns on earnings along with drastically decreased loan rates. Users who select to earn their weekly rewards in CEL can expect to earn a 30 percent addition to their deposit of other cryptocurrency coins. Borrowers who make their interest payments with CEL can expect to receive a 30 percent discount on their interest payments. The company also shares up to 80 percent of revenue with its users to increase rewards further.

CEL tokens’ total supply is 695,658,161, with 73 percent (508,215,083) of that supply in circulation and 27 percent (142,000,000) locked.

Alex Mashinsky and Daniel Leon created Celsius in 2017. Mashinsky is a veteran internet developer with previous experience with seven startups and 35 patents. Daniel Leon also has experience with startups, including Atlis Labs.

What are Celsius Network Frequenty Asked Questions?

Where does Celsius Network (CEL) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Celsius Network currently ranks in position 165 out of the thousands of cryptocurrencies. It is also important to consider Celsius Network‘s market cap – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Celsius Network has a market cap of $ 235,834,390, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 555,921,898,546, Litecoin at $ 4,434,538,689, Ethereum at $ 217,068,707,659, Tether at $ 72,713,099,798, and XRP at $ 18,640,096,828.

What is the price of Celsius Network (CEL) today (updated in realtime)?
The current price of Celsius Network is $ 0.556748 in USD. (The price in Euros is 0,518633 ; and the price in Bitcoin is Ƀ 0.00001908 BTC.)

What is Celsius Network‘s (CEL) market supply?
The total available supply of Celsius Network is 423,415,980 CEL. The total supply of Celsius Network is 693,062,555 CEL.

What is the 24 hour volume for Celsius Network (CEL)?
The 24 hour volume for Celsius Network is $ 1,316,790.

How has Celsius Network (CEL) performed recently?
Celsius Network‘s price has increased in the last 24 hours by 1.44%. This compares with a seven day change of -23.09%. The trading volume over the last 24 hours was $ 1,316,790. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds. It can be a good indicator of the general interest in the cryptocurrency.

What is Celsius Network (CEL) official website?
Links to Celsius Network‘s official website, social accounts, blockchain explorer, and Github repository if applicable.

Has Celsius Network (CEL) performed well historically?
Here is a chart showing how Celsius Network has performed historically.

* Currency in USD
Historical Price for Celsius Network
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Where Can I Buy Celsius Network (CEL)?
Here is a breakdown of the current market prices from top cryptocurrency exchanges.

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