The wallet that pays you back.

The Crowdsale is Over!

Thanks to everyone who joined.

Funds Signed & Raised

0M

Funds Signed & Raised

Videos

Ian Balina ICO Review Live Stream – 3/12/18

See Gary Vaynerchuk & Alex Mashinsky in Toronto

Watch Alex’s presentation at the Super Bitcoin Conference in Dallas

Banking is Broken

Celsius is driven to create a financial platform where the community’s interests are our top priority

1. Sometimes You Just Need Cash

Members may be holding crypto, but now they need to buy a car or pay down expensive credit card debt. Unfortunately, most car dealerships or banks still don’t want cryptocurrency. We believe crypto assets hold real value, and it should be easy for crypto holders to leverage this value to borrow cash.

Crypto Collateral = Cash in Hand

We want to make borrowing cash a whole lot easier. Celsius’ goal is to allow its members to use their crypto holdings as collateral in order to secure low interest loans in dollars. Rather than selling their crypto (pay taxes and forfeit potential future gains), with Celsius they can leverage their cryptocurrency to borrow the cash they need today, while still maintaining their crypto portfolio for future value.

2. Wallets Without Interest, Nobody Wins

Anyone with cryptocurrency sitting in cold storage or on some exchange or wallet is earning exactly zero interest. We believe there should be a way for crypto holders to HODL coins while still leveraging their crypto assets and helping other crypto holders.

Crypto Interest

By depositing coins on the Celsius Network, crypto asset holders will be able to earn up to 9% interest for their lent coins. We plan to offer a large array of lending options, from one-day to one-year contracts, all with highly competitive interest rates. With Celsius, members will be able to easily earn interest on their crypto assets the same way they earn on the savings in the bank – but with much better rates.

3. The 99% not the 1%

Most financial institutions still don’t get cryptocurrency. They want to short the market because they’re blinded by being so late to the party on this one. Right now, there’s no good place for them to go to bet against the cryptocurrency market other than expensive futures markets like the CME and centralized exchanges.

Sure, Go Ahead and Short

Hedge funds, family offices and crypto funds still want to play in the world of cryptocurrency. Fortunately for us, they are willing to pay high fees to do so, so many of them want to short the market. We’re happy to help make the most of their greed by taking up to 50% cash deposits and charging them interest when they hedge. This lets us pass most of the earnings back to the community and lend more dollars to the rest of the Celsius community. Cryptocurrency prices are volatile, and we get that. Like any market, prices are going to jump up and down due to a number of factors. While many of us are excited about the rising valuations, some believe many coins are overvalued and are interested in shorting.

With Celsius, we will make it easy for those people to borrow coins from our community and short them on the market. Celsius will never take a position or trade against its coin holders or Lenders. Our interests are aligned with our lenders to charge the borrowers looking to short as much as possible to grow the community. Members who want to borrow dollars against their crypto coins will be charged interest below 10% to further grow the community and invite outside people to buy more crypto.

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Celsius is raising the temperature when it comes to offering millennials an opportunity to earn real interest and use new ways to deal with old money.

Venture-Beat

Today Celsius — an Ethereum-based lending platform — has announced its plans to disrupt this industry by enabling peer-to-peer instant loans.

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They are gaining traction quickly, and are working to “open the floodgates of credit”.

What You Need to Know

Token sale is now closed

Symbol

CEL
Category

Finance
Platform

ERC20
Crowdsale

March 15th 2018
presale token Price

$0.20
soft cap

$15,000,000
 tokens for sale*

325,000,000

*Any excess tokens will be burned after the token sale.

accepted currencies

ETH, BTC & USD
Crowdsale token price

$0.30
hard cap

$50,000,000
token supply**

650,000,000
delivery date

We plan to deliver all contributions within a few weeks of the close of the crowdsale

*Any excess tokens will be burned after the token sale.

**At launch, there will be 650 million tokens (or slightly less as any tokens not sold will be burned). We are selling 50% of the tokens (325 million) between the presale and public sale, and will distribute tokens shortly after the close of the public sale.

The additional 50 million tokens will be placed into a smart contract, with 25m tokens being released to the Celsius Treasury only if the CEL Token price in the secondary market remains above an average of $1.50 for ten (10) days (meaning the price of CEL has increased 5x from the time of the Crowdsale).  And an additional 25,000,000 CEL Tokens will be released only if the CEL Token price in the secondary market remains above an average of $3.00 for thirty (30) days (meaning the price of CEL has increased 10x from the time of the Crowdsale).

A couple of things to note about these additional tokens: a) they are released directly to the treasury and not to any individual or exchange and b) they will be used predominantly to fund new loans (81%) with the remaining 19% used to incentivize new team members as we grow.

Tokens placed into the Treasury will be used for new loans, and not sold off immediately upon delivery. Rather, Celsius would only sell off small portions from Treasury to meet the demand for dollar loans on an as-needed basis (i.e. as our USD supply needs topping up to meet loan demand).

PLATINUM LEVEL

$0 – $5,000,000*

SOLD OUT

40% CEL Bonus

GOLD LEVEL

$5,000,000 – $10,000,000*

SOLD OUT

35% CEL Bonus 

SILVER LEVEL

$10,000,000 – $15,000,000*

SOLD OUT

30% CEL Bonus

BRONZE LEVEL

$15,000,000 – $35,000,000*

SOLD OUT

20% CEL Bonus 

How We’re Going to Use the Money

  • Loan Reserves: $20,209,500
  • Operations + Management: $6,487,000
  • Research + Development: $5,988,000
  • General + Administrative: $5,489,000
  • Legal + Regulatory: $5,489,000
  • Sales + Marketing: $4,241,500
  • Lenders' Insurance Pool: $1,996,000

Token Allocation

  • Presale: 40%
  • Crowdsale: 10%
  • Treasury: 27%
  • Team: 19%*
  • Partners: 2%
  • Advisors: 2%

*Employee tokens are held in 3 allotments. The first allotment will be unlocked six months after the Token Generation Event. The second allotment of 4.75m tokens will be released only if the token price reaches an average of $1.50 for ten (10) days (meaning the price of CEL has increased 5x from the time of the Crowdsale),  and the 3rd allotment of 4.75m tokens will be released only if the average price remains $3.00 for thirty (30) days (meaning the price of CEL has increased 10x from the time of the crowdsale).

No Vaporware Here

Real Tech from Real Developers

We’re not thinking about a product, we’re building one. Our team of 12 experienced developers has built a working prototype of the Celsius platform including our mobile wallet for lenders and our shorting platform for borrowers. The products are now being beta tested and we plan for our initial public release in the Fall of 2018.

Over 15k downloads!

Download our app and register to be one of the first people to get a loan from Celsius using your crypto as collateral.
appstore

Watch a Demo of Our App

Meet our founder

Alex Mashinsky, CEO

He has filed over 30 patents including the original patent on VoIP technology. He previously founded several multi-billion dollar businesses including Arbinet (IPO 2004), TransitWireless and GroundLink.  A cryptoholder since 2013, Alex serves as an advisor and investor to several Blockchain companies including Sirin Labs, MicroMoney and Ties Network.

Advisors

Miko Matsumura
Miko Matsumura
Co-founder at Evercoin

Miko Matsumura founded crypto exchange Evercoin, and is a Limited Partner with the Pantera Capital ICO Fund (a $100M ICO-only fund). He is personally invested in FileCoin, Brave, CIVIC, Propy and Lyft. As a 25 year operating exec in Silicon Valley, he has raised over $50 million in capital for Open Source startups.

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Moshe Hogeg
Co-Founder & President of Sirin Labs

Moshe is an accomplished serial entrepreneur in the technology sector. He is both chairman and co-founder of Singulariteam, a prominent Israeli tech venture capitalist vehicle. Moshe has played an active role across the development of SIRIN LABS, specifically in defining product functionality and underpinning technology.

Chris Dannen
Chris Dannen
Founder of Iterative Capital

Chris has extensive experience in blockchain technology including an advisor position at Blockmatics, a consultant with Bloomberg and a founder and partner at Iterative Capital Management. Chris also has a number of technology publications and has written at length about Ethereum and other cryptocurrencies. He specializes in business strategy and development.

sonic_zhang
Sonic Zhang
Entrepreneur and Investor

Sonic Zhang is an entrepreneur and investor. He is the Co-founder and Global Director of 20 Nations League of Blockchain (B20), an international NGO focused on bridging blockchain and crypto-currency communities worldwide. And the co-founder of ValueBank Group, a global network of fiat-crypto exchanges, with a crypto wallet and payment solution. Founder of ValueNet Capital, focusing on investing in blockchain startup and cryptos, the portfolio includes OmiseGo, Binance, PowerLedger, WAX, CoinPoker, PlayKey, RobotCache. Co-founder of Murint Capital, a VC Fund for tech and entertainment industries. Founder of SoRelax, a global platform for cross-border marketing and services. Sonic has an MPM and a BE in Mechatronics from the University of Sydney.

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Rashid Al Malik
CEO of Haya Holdings

Mr. Rashid Al Malik serves as the Chairman and CEO of Haya Holdings since April 2010. Previously Al Malik was the founder and Deputy CEO/ Chief Corporate Development Office of Dubai Aerospace Enterprise. At Dubai Aerospace he was able to raise 15 bn dollars.He serve as advisor to Colony Capital Chairman.he was a professional pilot with Emirates airlines for 8 years.He is an active investor in new technologies. He holds a Bachelor degree from Bucks, New University and a postgraduate master’s degree (MBA) from Pepperdine University in Los Angeles, U.S.A.

Ivan Bjelajac
Ivan Bjelajac
Operating Director at GoDaddy | Partner MVP Workshop

Passionate about developing products, systems, and working with people dedicated to building flat organizations, Ivan is driven by a search for game-changing brands that improve consumers’ lives. Ivan’s engineering background is in DevOps, System Engineering and Customer Support Analytics. In 2011 Ivan was declared one of the most successful young entrepreneurs under 30 years.

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Dr. Elliot Noma
Algorithm/AI Advisor

Elliot teaches machine learning at Columbia University and quantitative risk management in the masters’ program for mathematical finance at Rutgers University. Elliot currently advises fin-tech companies in the application of machine learning, natural language processing and blockchain technologies.

About Celsius

Real Experience Building Companies

We’ve built companies from the ground up, served hundreds of millions of users and completed multiple exits for billions of dollars (including an IPO). This isn’t our first rodeo. Our team of experienced entrepreneurs knows how to take a concept from ideation to full execution on a global scale.

Our founder, Alex Mashinsky, has filed over 30 patents including the original patent on VoIP technology.  He previously founded several multi-billion dollar businesses including Arbinet (IPO 2004), transmit wireless and GroundLink. A crypto holder since 2013, Alex serves as an advisor and investor to several Blockchain companies including Sirin Labs, MicroMoney and Ties Network.

Our Mission

We believe the future of lending and borrowing will manifest itself in a P2P decentralized environment on the blockchain. In our view, traditional financial institutions should no longer control the flow of credit to people across the world. We want to use a consensus-based, Proof-of-Stake approach to allow the Celsius community to borrow, lend and vouch for each other, creating a truly win-win-win self-governed solution for people involved in every step of the credit ecosystem.

Main Street Takes Wall Street

With cash, banks make rich people richer. With crypto, let’s not make the same mistake. We are building a community of borrowers and lenders, with the aim of replacing Wall Street with blockchain, and sharing the profits amongst our members. Through our community pool, members will be able to earn interest on their deposited coins (when lent), while also borrowing cash using their assets as collateral.

Serious & Sustainable

The Celsius Network is on a long-term mission. We are conducting a crowdsale in order to achieve our goals: a decentralized network of good actors who will be supported with loans and credit. We want people to contribute to our crowdsale who believe in our mission to expand the crypto community and the future of credit on the blockchain.

Introducing:

The Celsius Token (CEL)

In conjunction with the launch of the Celsius Crypto Wallet, we’re excited to introduce the Celsius Degree Token (CEL). After our Token Generation Event, members will be able to use their CEL tokens to secure access to loans in dollars using their crypto as collateral. In the future, members who deposit coins in their Celsius Wallets will also be able to earn Degree Tokens as a reward for lending to the network.

We’re designing our CEL (ERC20 Degree Token) to be the backbone of the Celsius Network, creating a value-driven lending and borrowing platform for all our members.

The Celsius Degree Token (CEL), at the moment of the Token Generation Event (TGE),  will have utilities including:

  • the ability to become a member of the Celsius platform and community
  • the ability to deposit your cryptocurrencies in the Celsius wallet
  • the ability to apply for dollar loans with cryptocurrencies as collateral
  • the ability to pay interest on these loans at a discount

In the future, the CEL token will have additional utilities including:

  • allowing members to lend cryptocurrencies in order to gain interest
  • achieving seniority in the platform which will impact the interest rate gained
  • get interest rewards on cryptocurrencies lent

Celsius’ community will continue to grow as more and more people are able to get loans in dollars using their crypto as collateral or as they lend their unused coins as a credit to other members. Crypto assets holders can get more Degree tokens the more they loan and borrowers pay less to hedge their positions. As more people join the Celsius ecosystem, the more everyone benefits.

Our platform will be a unique combination of multi-blockchain nodes, auto trading on multiple exchanges and a high-end user experience. All this is orchestrated by smart predictive algorithms designed to reduce rates, maximize profits to our members, mitigate risks, and maintain the safety and growth of the ecosystem.

Nuke Goldstein — EVP of Engineering & Development

Ok Great, But Do You Really Need a Token?

Yes, we do. Our lending and borrowing model requires a blockchain and an open ledger technology, it also requires consensus and a global footprint of coin holders in order to really gain traction and complete our mission. Any loan we issue may be collected from thousands of individual coin holders which may be switched at any time. Only a smart contract capable of tracking and paying in micropayments can handle such complexity.

  • Open Ledger

    With the Celsius Platform millions of transactions will be transacted between borrowers and lenders and an open ledger is the key to transparency on our platform.

  • Consensus

    Whenever we issue credit or enable members to borrow coins we will employ the consensus to issue and track loans from funds given to us by our members.

  • Global Footprint

    We are building Celsius to be a global decentralized marketplace that allows lenders from anywhere in the world to earn interest regardless of their base currency or the local laws they operate under.

2017

Q2/Q3 2017

  • Concept formulated by Alex Mashinsky
  • Initial team assembled

Q3 2017

  • Version 1 of Whitepaper is released
  • Tech team hired and development begins
  • Version 1 of Techpaper released

Q4 - 2017

  • Public announcement at BlockCon
  • Private presale begins

2018

Q1 2018

  • MVP of wallet prototype released
  • Redesign of website goes live
  • Version 2 of Whitepaper released
  • Version 2 of Techpaper released

 

March 15-22 2018

Public crowdsale

Q2 2018

  • Phase 1 of Celsius Wallet app released (will allow members to deposit their crypto assets in wallet to use as collateral for loans)
  • Expansion of Alt Coins (we will be gradually including more of the top 20 cryptocurrencies for use in our wallet)

Q3 2018

Phase 2 of Celsius Wallet app to be released (1st USD loans to be issued, with member bank accounts linked to wallet and loans to be paid back in USD or CEL)

Q4 2018

  • 3rd Party Microlender integration
  • Phase 3 of Celsius Wallet (further integration of new coins, users will begin earning interest)

2019

2019

  • Multiple blockchain type nodes to support top 20 coins
  • Trading on multiple-exchanges
  • Smart algorithms to manage risk
  • Integration with market trading tools in order to short
  • Implement Ethereum Plasma Proof-of-Stake distributions to Celsius member

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Security and Risk

Celsius is building the platform with security at its core. We will use bank-grade security to keep our members’ assets and data safe. From multi-factor authentication, to encryption, to private-key double vaults, and more. Our software is designed with security in mind.
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Celsius Wallet

Crypto assets will be distributed among several wallets and top exchanges. In addition, we will store a cold wallet treasury to provide last-resort insurance in case of a catastrophic event. We will also employ white-hat hackers and third party cyber security solutions to provide a continuous cover layer of audit and protection.
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Community Support

We’re here for the cryptocurrency community, our goal is to support the community by providing them with loans on their crypto holdings and to also provide the community with a way to earn interest on their crypto assets.
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Lending Protection

Members who lend coins on the Celsius Network will be protected by the Celsius lending protection pool (funded by our fees). Any defaulted lending or coins lost will be insured through our protection pool and coin values will be restored immediately. The Celsius wallet will show our cash deposits every day which will also be audited by an outside accounting firm several times a year.
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Compliant and Legal

We adhere to all applicable rules and legal guidelines and require all members of the Celsius community to go through KYC (Know Your Customer) in order to comply with anti-terrorism and anti-money laundering (AML) laws.
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Our Fees

Celsius’ model aims to protect its coin holders and always do what is in their best interest by providing the most competitive rates for both our coin lenders and dollar borrowers. We will take a variable fee based on the amount of interest charged in each borrowing transaction. Our members will always receive a minimum of at least 5% annual interest on any lent coins. We will not charge account or transaction fees.