Celsius has about $16bn in AUM and the nearest DeFi platform is Aave with roughly $10bn in TVL. Contact - story@startuptalky.com. Celsius used about $3.1mm of revenues to buy back the CEL token in the 2nd week of June. Here you will see the estimated amount of CEL coin that you will receive after the exchange. All Rights Reserved. Celsius Network was founded in 2017 with the mission to harness blockchain technology to provide unprecedented financial freedom, economic opportunity, and income equality for the 99%. The Celsius (CEL) crypto rose around 2.7% in the last 24 hours to Friday morning, but its trading volume decline by about 38% to US$3.8 million. The network has an app for both Android and iOS devices. All this significantly lowers the costs for Celsius. we will assume that you are happy with it. Get aboard. This means that net deposits might grow the AUM by over 100% this year, which might mean a 40 PE ratio and 10 P/S ratio could be too cheap of a valuation, which would imply a CEL token price at $16.83. The current circulating supply of Celsius is 423.42 Million tokens, and the maximum supply of Celsius is 695.66 Million.. Celsius's 24 hour trading volume is $ 3.41 Million. Ka-ching baby. Celsius hopes to attract users by returning high yields on their deposits while maintaining the benefits apparent in traditional outlets such as quick, fee-less transactions. Celsius lends the CEL token to institutions, corporate accounts, or individuals for interest payments. I am not receiving compensation for it (other than from Seeking Alpha). It reached an all-time high of US$8.02 on June 3, 2021. Ni tip chui nhng bi vit v Coin v Token Ca Coin98, ngy hm nay, anh em hy cng mnh tm hiu v ng Celsius (CEL) nh!. After the launch, the price of the CEL token plummeted to $0.03. I prefer to value CEL token like a tech stock. I completed dozens of these transfers in the last couple weeks. Celsius has an in-app utility token called CEL, which gives users extra benefits such as better interest rates, priority status and community membership. Creating a token with strong tokenomics will attract a community of people who buy the CEL token and vigorously promote the Celsius Platform, because it is in their best interest. We need to remember that the CEL token price does not directly correlate with the success of the company (Celsius). Please try again. Celsius Network creates revenues by lending out deposits to institutions and individuals, by mining cryptocurrencies, by providing liquidity to DeFi platforms and taking advantage of arbitrage opportunities on DeFi exchanges, and by lending to exchanges or OTC desks. It briefly traded as low as $0.095 before recovering to around $0.33 today. This creates two main benefits. It is used by the company as a security whereby Celsius can conduct token sales from the treasury to raise money, it can be used to provide collateral, to provide liquidity, and it can be used for lending. If we gave this $161.2mm in "net profits" a PE of 30, which would be appropriate for a growth stock growing at 30% annually, then the CEL token should be worth roughly $12.62 (assume 383mm tokens). First, you should choose Bitcoin in the left drop-down list. Here is the list of security tokens or genuine examples of security tokens: tZero. Here are some risks you should be wary of. I calculate that Celsius' AUM would have grown about 62% in the first 6 months of 2021 based solely on net deposits and a flat crypto market. You can also access the annual financial statements and updates for the company here. I wrote this article myself, and it expresses my own opinions. The Celsius platform was launched to provide an all-in-one banking and financial solution to crypto users. A utility token can serve just about any purpose a developer wants it to. Let's go! I think Celsius is leading the way by offering the best yields on deposits and the lowest cost loans in the world. The users get paid out on a monthly basis and earn interest on their investments. If your portfolio is 25%+ of CEL token value, then you get 25% more interest on all other crypto assets you hold on Celsius. Celsius can then deploy these cryptos to earn interest revenues. Utility tokens are one of four types of cryptographic tokens that represent digital units of value on the blockchain. It hit $1.65 in the CEL/wETH liquidity pool on Uniswap V3, while FTX registered a high of $2.57. The USDT volumes have averaged about $90 billion a day for the first 6 months of 2021, which tells you a bit about the size of its usage. CEL token has seen an amazing run in 2020, with the token rising in value from just shy of 15c in January to $4.70 as of the end of December 2020 (an increase of 31x). I am not receiving compensation for it (other than from Seeking Alpha). CEL seeks to allow users to access utilities like the ability to pay interest on the loans at . Celsius could likely become a leading destination for stablecoin deposits internationally, because it is offering the best yields in the world. 2. Putting it in simple terms, a utility token can buy access to a company's product or service, while a security token can buy you a stake in the company itself. I cannot understate how important this is. For instance, Celsius can give CEL-USDC pair to Uniswap or QuickSwap and earn interest on every CEL-USDC trade that happens on Uniswap or QuickSwap. It has yet to be determined how well this model actually fits, but it makes sense that as more net deposits enter the platform then more people are buying CEL token and more revenues are being allocated to buying CEL tokens, which should raise the price of the CEL token. Celsius Network is an ERC20 based project with the CEL token, which was built to be the backbone of the Celsius . It then jumped over 300%, topping $1.42 on multiple exchanges. Celsius can be a great opportunity to earn money by investing in the CEL Token, but you have to do your research and keep track of the value in your country and the benefits you can get. Yes, China is cracking down on stablecoin usage lately, but only because it wants to incorporate the digital yuan, which is another stablecoin to be used for transactions. You can invest in CEL, as it has been predicted to be immensely valuable in the future. Also Read: Falling prices stoke a winter of discontent for the crypto market. If Celsius wants to raise capital for expansion, then it does it through bnktothefuture, which is the same platform that performed equity raises for Kraken, Bitstamp, Ethereum, and Bitfinex. The firm has been facing liquidity issues as the market trends down, which is why. Celsius was founded by Alex Mashinsky and Daniel Leon in 2017. I think that Celsius Network has a unique structure that makes it a better destination for people to deposit their money than using local currencies in dictatorships or traditional banks in 1st world countries. CEL offers customers benefits such as rewards and discounts on Celsius loans. Most importantly, by giving money to depositors and not shareholders, it gives a huge incentive for people to become depositors and thus causes net deposit growth to be extremely high. We do not give personalized investment advice or other financial advice. As the digital money is getting bigger and bigger and physical money is decreasing, this is the right time to invest in some cryptocurrencies. The hit an all-time high of US$8.02 in June 2021. The biggest benefit of Celsius Token (CEL) is there are no minimum investments, so you can earn money right away by putting in anything you wish. Exchange 24h volume All CEL exchanges Markets A Tuesday filing, submitted to the U . Tokenomics: When assessing whether a token is a good long-term hold, you should consider what the token is used for, whether tokens are burnt when used (destroyed) and how new tokens are distributed. Todays short squeeze may have been triggered by recent activity on a MakerDAO vault rumored to belong to Celsius. Celsius designed CEL (ERC20 Token) a value-driven lending and borrowing platform for all Celsius members. 1 2 Celsius leaving the platform soon. Those benefits . CEL offers customers benefits such as rewards and discounts on Celsius loans. CEL crashed with the broader crypto market Monday on the news that Celsius had paused customer withdrawals. Regarding use-case scenarios, utility tokens are more flexible than security tokens. Gone is its utility as the token of a functioning business, so it is worthless, but nonetheless you can sell it for money. The rest of the world is largely living under ZIRP (Zero Interest Rate Policy) where the governments have placed the overnight funds rate near 0%, which means the highest that banks will pay on deposits are about .5% to .61%. This helps allow Celsius to pass more profits to depositors. The Celsius Network provides a completely distinct cost structure in the way you operate and maintain your assets, with less constraints and greater rewards. I believe the CEL token should be valued at over $16 a token considering the net deposit growth rate and the amounts of profits that are passed into CEL token buybacks. How Netflix Corrected Its Mistake Called Qwikster? Because of this, CEL is able to . Sumber Daya Whitepaper Website resmi September 14, 2022 The self-confessed "geeky tech guy" is nonetheless committed to enhancing the sports fan experience with Web3. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. The CEL token price should be (and is) correlated to utility. Conclusion To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Since then, a lot of different types of cryptocurrencies have emerged, like Ethereum, Litecoin, Ripple, among many others. And with the increasing popularity of CEL, its value is also increasing. Onerous and coordinated crypto regulations around the world could cause people in certain regions to lose access to specific crypto assets on Celsius or it might cause people to not be able to download the Celsius App. The move may have been prompted by recent activity on a MakerDAO vault rumored to belong to Celsius. The treasury is used to provide collateral, to provide liquidity, it can be used for expansion purposes, and it can be used for lending. CEL has a maximum supply of 695,658,161 tokens, of which 76% are in circulation and 24% are locked according to a schedule laid out in the project's technical literature. A utility token is a crypto token that fulfills a use case inside a specific ecosystem. The CEO also does AMAs via a Twitter Spaces meeting on the Celsius' Community Manager's twitter page every Tuesday evening where anyone can ask the CEO anything. Celsius can then deploy these cryptos to earn interest revenues. Decentral Media, Inc. is not an investment advisor. Anyone with a smartphone can use the Celsius Network. The Celsius operational token has proven itself time and again. Please disable your ad-blocker and refresh. 4. I have asked the CEO questions and received in-depth responses. We use cookies to ensure that we give you the best experience on our website. Users of the platform receive regular payouts and interest on their holdings. Moving forward, this means that roughly $161.2mm in revenues will go to buying back CEL token a year. customer withdrawal, swaps, and transfers Monday citing extreme market conditions. Rumors of the firms possible insolvency had circulated the crypto space for weeks, but the firms CEO Alex Mashinsky has repeatedly denied the claims. Celsius Network On A Free Fall Celsius slumped 70% today after announcing it is pausing withdrawals for users. I wrote this article myself, and it expresses my own opinions. So users have to buy the token to transact within the ecosystem. firm in the US and also having Celsius (and its 'securities' products) become fully registered with the SEC. While Celsius is a for-profit company, it returns 80% of profits to its users. BlockFi supports 13 cryptocurrencies (against 35 on Celsius) and offers max APY of 7.5% (17.78% on Celsius). The wallet associated with the vault was facing, liquidation of its wrapped Bitcoin collateral, but. CEL token is a utility token that is rewarded to crypto holders in the Celsius Wallet as interest generated from fees. Sending crypto assets from MetaMask to another wallet has cost me between $1 and $5 each time. Get the latest insights directly to your inbox! I have no business relationship with any company whose stock is mentioned in this article. Based on this regression, the net deposits explain roughly 87% of the price movement in the CEL token, holding all else equal. Bottlenecks No matter how well-designed a utility token is, it will still suffer from the same limitations as the blockchain it's running on. Choose the blockchain platform (either Ethereum or Tron or BNB chain) Select the token standard. What Is Bottom-Up Business Model? can earn 8.88% to 11.1% annually on stablecoin deposits on Celsius Network. If you continue to use this site One can easily buy CEL through its mobile app and become a member. Breakout coming? Great! According to the Celsius market price as of this writing, February 21st, 2022, it stands at $3.07 with a 24-hour trading volume of $5,340,798. Is Celsius a Good Investment? Having seen an uptrend in February of 2020, Celsius has since seen a moderate downtrend, where it again fell to $0.062 but later continued to rise with a phenomenal rate. Celsius could give Maker their CEL tokens and Maker can mint cryptos for about 85% LTV (Loan to Value) and give that to Celsius. DeFi platforms like Aave and Maker. The utility purpose of the CEL token is to help depositors gain higher interest on their crypto asset deposits. They also have group chats on Twitter 5-7 days a week for anyone who wants to ask questions and discuss things related to Celsius Network. Celsius is already international, they facilitate transfers, they provide security, and they provide yield for those that want to store crypto assets. On the Ethereum blockchain, it usually costs $1-$5 to transfer and it settles in a few minutes, which provides cost savings and efficiencies. (Finance) Celsius is a new global P2P financial platform that will seamlessly connects holders of crypto-assets with borrowers. The CEL token initial coin offering (ICO) raised $50 million, with CEL tokens valued at $0.30 per token. Celsius is also the lowest cost provider of loans. Then choose Celsius in the right list of coins. Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users. I think this would likely correspond with a CEL token price of over $300. I am a food technology student with a passion for writing and creating content for everyone to enjoy and get something out of it. Exchange: Swap from VNDC or USDT to CEL and vice versa. The firm has been facing liquidity issues as the market trends down, which is why froze customer withdrawal, swaps, and transfers Monday citing extreme market conditions. Rumors of the firms possible insolvency had circulated the crypto space for weeks, but the firms CEO Alex Mashinsky has repeatedly denied the claims. CELUSD , 240 Long schischkerobin See title. CEL is an in-app utility native token that gives Celsius members additional benefits such as better interest rates, priority status, community membership. Decide the Number of tokens for sale. They provide a means for people to perform remittances by transferring their crypto assets on and off the Celsius platform for no fees. Please enter your email address. This would include an audit by a respected audit firm in the US and also having Celsius (and its 'securities' products) become fully registered with the SEC. Latest News Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet- style payments. As more net deposits join the platform, more revenues will go into CEL token buybacks. What is Celsius Token? The members who place the coins in the Celsius wallets can acquire CEL tokens as rewards for lending on the network. Coins & Transactions Transfer, Send, Buy, Swap your coins and use CelPay. What is Celsius (CEL) token? Celsius has access to the native token held under its network and can lend them to institutional investors from the pool of crypto portfolios at its disposal. Celsius is a crypto lending platform best known for offering customers yields on assets like Bitcoin and Ethereum. The other 20% of revenue is used for business operations. Celsius can be a good investment as it offers a big chunk of profit as a reward and eases the money transfer and loan procedures. Here are the interest rates Celsius is offering. This is why it's a 'utility token'. . Holding stablecoins on Celsius Network can provide a better store of value than local-currency bank deposits, regardless of whether you live under a dictatorship or in a 1st world nation. An ERC-20 token, CEL has a max supply of 695 million. It is intended to make wallet-style payments, loans, and award prizes for investing in cryptos. | Why Do SaaS Companies Prefer This Business Model. Just look at the income statements for the top banks. It can lend money while paying extremely good interest rates and using their cryptocurrency as collateral. Celsius Network is currently larger than every decentralized financial protocol (DeFi) in the cryptocurrency industry by AUM or Total Value Locked (TVL). 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