Mika
VIP Contributor
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Founded in 2017, in London, United Kingdom, Celsius Network is a cryptocurrency bank. As of July 2021, there are over 300 thousand active wallets and about 16 billion in Assets. Celsius.Network is a P2P network that collects cryptocurrencies from the depositors and lends to the burrowers and makes money from the difference between the interest given to the depositors and interest charged on the burrowers.
Celsius Network also has a native token called CEL which is priced at $6.46.
Celsius Network operates just like a bank, you will have to deposit cryptocurrency to earn interest. You can up to 17 percent interest on your cryptocurrency deposit. The interest you earn will be deposited into your account every week.
You can also borrow money by using your crypto deposit as collateral.
Celsius Network also has a native token called CEL which is priced at $6.46.
Celsius Network operates just like a bank, you will have to deposit cryptocurrency to earn interest. You can up to 17 percent interest on your cryptocurrency deposit. The interest you earn will be deposited into your account every week.
You can also borrow money by using your crypto deposit as collateral.
