FAQs > Token Economics
What about the team’s tokens?
After an internal vote, the Celsius team agreed to not collect its tokens until six months after an exchange listing. We did this to assure the community of our true intent: to build the best product possible for our community with the goal of bringing crypto to the masses.
Can I use CEL tokens to as collateral for my loan?
No, the CEL token cannot be used as collateral but can be used for monthly interest payments!
What is the total CEL token supply?
There are a total of 695,663,643.3779 CEL tokens.
What benefits do I get paying off my loan with CEL tokens?
You will be able to pay off your loan at a 20% discount by using CEL tokens.
Will I be able to purchase CEL directly from the app?
Yes, we are exploring different options when it comes to enabling in-app CEL purchases. Please stay tuned for our announcement!
What exchanges will the tokens be available on?
We are currently working to get listed soon after the one year anniversary of our Token Generation Event (April 20th, 2018). This is important to satisfy various regulations in the U.S. We should be live on an exchange by the first week of May.
Where can I buy CEL?
CEL is currently available on IDEX and will be listed on more exchanges in April/May 2019.
What are the Celsius Tokens (CEL) used for?
There are seven planned utilities for the CEL token: membership, priority in line for loans, better dollar loan rates, better-earning rates, better coin loan rates, CEL for CelPay, and premium support. You can read more about them here.