About Celsius

Celsius is a blockchain-based project established in 2017 that conducted an ICO in 2018 for its CEL token. The platform aims to function similarly to a traditional bank but uses crypto assets instead of fiat currency. Essentially, users can borrow funds secured by crypto or earn interest by depositing liquidity. The CEL token has a maximum supply of 695,658,160 and serves as a utility token, playing a key role in the Celsius ecosystem. This includes borrowing, payments, and reward distribution. The main participants in the Celsius network are Lenders, Borrowers, the Celsius Platform, and External Exchanges. Lenders deposit cryptocurrencies to earn interest, while Borrowers take leveraged positions on the platform. The Celsius Platform supports trading, which involves trading fees, and exte...