Building a P2P Decentralized Lending & Borrowing Platform

The Celsius Wallet

Deposit coins. Earn interest. Borrow cash against your cryptocurrency.

The Celsius Wallet will be one of the only online crypto wallets designed to allow members to lend their crypto to earn interest on deposited coins (when they’re lent out) or use those coins as collateral to get a loan in dollars.


Gain Interest

Coins deposited by members into their Celsius Wallet will be available on the network for immediate borrowing and shorting. Coins that are lent from member wallets will begin to accrue interest in the form of Celsius Degrees (CEL), allowing members to earn up to 9% annual interest per transaction.


Get Dollar Loans

Celsius Network Members will also be able to borrow US dollars against their crypto holdings using the coins in their Celsius Wallet as crypto collateral. Our goal is to allow anyone who’s in need of cash to easily borrow from the Celsius Network without having to sell their crypto holdings.


The Celsius Token (CEL)

In conjunction with the launch of the Celsius Crypto Wallet, we’re excited to introduce the Celsius Token (CEL). Members who deposit coins in their Celsius Wallets will earn CEL Tokens as a reward for lending to the network.

The Celsius Degree Token (CEL) will power our next generation trading and lending platform. Degrees are a uniquely designed cryptocurrency that will allow transactions to flow through the Celsius Platform and provide earned value for its holders.

Borrowers will use the Degree token to pay fees and interest, which, in turn, is expected to create continuous demand for the tokens, driving the token economics and the incentive mechanism for the lenders.

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.

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.


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.


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


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

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.

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.

World Class Advisors


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. He leads the Crypto Underground meetup in San Francisco and is a speaker at the upcoming Token Fest, Keynoting at ICOnference NYC, Block Con, Global Blockchain Summit, The Future of Money Summit and a thought leader at AFP the largest organization of Financial Professionals in the US.


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

Alternative investments fund manager

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.


Anton Dzyatkovsky

CEO of MicroMoney

Successful entrepreneur, diplomatic negotiator, extreme seller and creative expert in marketing. Anton’s a passionate and hardworking business leader with more than 13 years of experience in different positions within FinTech, Retail and E-Commerce.


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. From 2013 to 2016, Ivan was President of the Serbian Association of Small and Medium-Sized Enterprises (member of OECD, UEAPME, INSME, and SME Europe) and he is the Founder and President of Serbian Blockchain Initiative.


Xiaochen Zhang

President of FinTech4Good

Xiaochen leads the design and implementation of FinTech4Goods’s strategy which aims to introduce impactful fintech and blockchain solutions to frontier markets through incubation, acceleration and investment. He is the Chairman of the Global Blockchain4SDGs Alliance, and serves on the Crowdfunding Professional Association Board of Directors, UN ESCAP Digital Economy Task Force and as a senior advisor of the China Social Entrepreneurs Foundation and Inter-America Development Bank. Prior to FinTech4Good, Xiaochen advised government agencies and multinational organizations on innovation, emerging technologies, and investment in positions at the World Bank, United Nations, and other international partnership platforms.


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. Previously, he was a portfolio manager running a fund of hedge funds and was the chief risk officer at Asset Alliance, a $3 billion seeder of hedge funds. Elliot graduated from Dartmouth College with a B.A. in mathematics. He received an M.A. in mathematics and a Ph.D. in mathematical psychology from the University of Michigan.

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.

Banking is Broken

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

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.

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.

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.

Building Every Day

Let’s Get Into the Tech

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.  

Watch a Demo of Our App

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 — Co-Founder and CTO

Concept formulated

March 2017

Team assembled

May 2017

V1 Whitepaper

September 2017

Tech team hired and development begins

September 2017

Tech paper released

October 2017

Public announcement at BlockCon

October 2017

Private presale begins

December 2017

Beta released for Celsius mobile wallet and trader app

January 2018

Public crowdsale begins

March 15th 2018

Expansion of Altcoins

Q2 2018

Borrow Coins & Sell CEL in app

Q3 2018

Dollar borrowing for Celsius members

Q4 2018

3rd Party Micro Lender Integration

Q4 2018

Public Release

Q4 2019

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.

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.

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.

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.

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.

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.

Celsius’ Token Economics

We’re building the Celsius Platform to allow our members to deposit, lend and borrow a variety of different crypto assets. To offer a simple reward system for lending, we’re creating the Celsius Degree Token (CEL) which will allow us to pay interest to lenders based on the fees and interest charged to borrowers.

Members who LEND crypto assets on the network will earn Degrees (CEL) as a reward for depositing their assets in the Celsius Wallet and lending out their cryptocurrency.

Members who BORROW dollars or SHORT crypto will be required to purchase and use Degrees to complete transactions*. A portion of Degrees will then be passed back to lenders as their reward.

To make it easy for Celsius Members to cash out their Degrees, Celsius will operate an online Degree marketplace in which members can easily purchase and sell Degree tokens. Members who hold Degrees can exchange them for alternative coins, while members who wish to purchase Degrees can purchase them directly from other members or us at the best published prices.

Celsius’ continuous Organic Demand – similar to Filecoin, our design is based on lenders and borrowers both being incentivized to create utility for the token. Borrowers want access to borrow crypto and need to buy CEL to enable such transactions.

* For example, entering short transactions by issuing limit sell orders, writing calls and put options against long and short positions.

Exchanges Will Want To List Us

Because we’ll be both buying and selling top coins to execute the short orders, we’ll have hundreds of orders to trade. This demand for trades will drive demand by the exchanges to work with us, which will in turn help us to get CEL listed and trading with high quality exchanges.

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.

What You Need to Know

Crowdsale Begins Late February

March 15th 2018
presale token Price
soft cap
Total tokens for sale*
accepted currencies
Crowdsale token price
target cap
total token supply
delivery date
Contribution will be delivered within two weeks of the close of the crowdsale

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

$35,000,000 Presale Bonus Program


$0 – $5,000,000

40% CEL Bonus — SOLD OUT


$5,000,000 – $10,000,000

35% CEL Bonus — SOLD OUT


$10,000,000 – $15,000,000

30% CEL Bonus — SOLD OUT


$15,000,000 – $35,000,000

20% CEL Bonus

Bonus tokens will be delivered six months following the completion of the crowd sale.

How We’re Going to Use the Money

  • Loan Reserves: $54,840,625
  • Research + Development: $10,062,500
  • Lenders' Insurance Pool: $10,062,500
  • Operations + Management: $7,546,875
  • Legal + Regulatory: $6,540,625
  • General + Administrative: $6,540,625
  • Sales + Marketing: $5,031,250

Token Allocation

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

Following completion of our crowdsale, any unsold excess crowdsale tokens will be burned.