Censius Promotional Offers
Celsuis Network is a cryptocurrency lending platform that enables users to receive interest on deposited cryptocurrencies or take out crypto collaterized loans. It offers high yields on their deposits and quick and no fee transactions for crypto trading. You can lend, trade, and securely store bitcoin and other cryptocurrencies on this platform.
How Does Celsius Work?
The Celsius Network consists of hosted accounts on Celsius and a variety of crypto exchanges. The network is a peer-to-peer (P2P) crypto lending platform that connects borrowers and lenders.
The Key Players:
There are four key players within Celsius system:
- Lenders – You, the depositors who earn interest on your accounts holdings
- Borrowers – Margin traders who wish to take leveraged short or long positions
- Celsius Platform – Facilitates trades, manages risk, and determines trading fees
- External exchange markets – Executes trades and borrows/provides liquidity
You earn income using the Celsius network from depositing crypto assets on the platform and earn rewards on a number of cryptocurrencies, such as Bitcoin or Ethereum. Celsius then manages deposited funds in a ‘Lending Stake Pool,’ subsequently lent to external exchanges, and the interest received is distributed among the users. To determine the distribution paid to lenders, Celsius uses a modified Proof-of-Stake (PoS) formula where the interest paid to lenders is a function of the funds deposited and the amount of days participating in Celsius’ consensus mechanism.
Borrowing is made by users who deposit crypto into the network and want to use the funds as collateral to receive a loan. Other borrowers can be traders who borrow from Celsius lending pools to trade or exchanges, institutions who borrow from the pool when they need the added liquidity to settle trades.
- Cash Loans – You can borrow dollars at some of the lowest interest rates on the market.
- Earn Crypto. You can store and earn interest on the cryptos in your wallet!
- CelPay. Send Bitcoin and other cryptocurrencies instantly, with no wallet required.
- CEL Token. This in-app token gives you exclusive access to the best financial services for cryptocurrencies, including better interest rates, priority status, community membership and more.
- Fee Free. There are no withdrawal, deposit, transaction, early termination and no origination fees.
- No Minimum Deposit. You can earn interest with just $5 or $5,000,000. Celsius treats all users equally, no matter how much you put into your Celsius account.
- BitGo Insurance. All Celsius assets are stored in a multisig wallet with BitGo. Coverage is up to $100 million against cyber thefts, attacks and inside jobs.