Celsius initial coin offering (ICO)

P2P Decentralized Lending & Borrowing Platform



For crypto to continue to spread and gain traction we’ve got to bring the next 100m people into the crypto community. In order to do that, real products built by real teams have to provide real utility to the public. We’re building Celsius to bring a new wave of financial products to the market designed, for the first time, to always do what’s in the best interest of its members instead of trying to make as much profit as possible. Members will be able to borrow USD against their crypto holdings in their wallet which will be used as collateral. Our goal is to allow anyone who’s in need of cash to easily borrow from the Celsius platform without having to sell their crypto holdings. In the future, through the Celsius Network, cryptocurrencies deposited by members into their Celsius Wallet will be available on the network for immediate borrowing and shorting.

4.1
25 25 expert ratings
3.9
4.3
4.1
3.7
View rating distribution
Starts in 1 year ago
2018-03-16 - 2018-03-23
Token
CEL
Type
ERC20
Bonus
Available
Price in ICO
1 CEL = 0.30 USD
Platform
Accepting
Soft cap
15,000,000 USD
Hard cap
50,000,000 USD
Raised
50000000
preICO start
Oct 25, 2017
preICO end
Mar 16, 2018
ICO start
Mar 16, 2018
ICO end
Mar 23, 2018
More on ICO
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About Celsius ICO

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), 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.

Celsius reviews

Flavius Burca
Flavius Burca
Rated on Dec 6, 2017
3
3
4
3%

Where is the technical team ?

Mike Raitsyn
Blockchain enthusiast, business angel
Rated on Mar 2, 2018
4
4
3
2%
Simon Waddington
Software engineer and advisor
Rated on Dec 27, 2017
4
3
1
4%

To me "the future of consumer credit" is more like Bloom than Celsius. Indeed when you go to the Celsius website it seems the product is more being marketed as a way to earn interest on your wallet by loaning funds to investors on the fly, especially to back shorting.

I can't honestly believe that regular consumers are going to want to hold cryptocurrency for 7% interest when they also have to deal with wild fluctuations against fiat. There's no glory in buying 1.0 BTC today and having 1.07 BTC in a year if BTC price crashes to 1/10 of what it was in that time. IMO this is clearly targeted at more advanced users who would have been HODLing that BTC, ETC or whatever all that time.

Also in case you think that borrowers can get a great deal note that it seems as well as the 7% interest they also need to pay an additional 5% operations cost to Celcius plus 5% insurance against bad debt (which I assume is less for lower risk borrowers). While pay-day loans are definitely a lot more expensive than this unless Celsius is planning to loan fiat tethered coins I can't see this being suitable for any regular consumers.

I don't like that the whitepaper needs me to give up an email address to get a link. That's the first time I've ever had to do that.

So far there is no evidence of actual product. They only list two true developers on the team, the rest are biz and marketing types. The seem to have some strong links back to the FinTech world - including Alex Mashinsky who has real experience building companies and raising money. You'll need that for sure with a product like this because it isn't going to bootstrap on its own IMO.

Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Apr 25, 2018
5
5
5
5%

Strong team, decentralized lending and borrowing is a good concept that has been tainted due to recent unscrupulous companies. However there will be one or two players that will enter and dominate this market. Celsius could be that company.

Ilya Anikin
Business strategy, investment deals, investor relations
Rated on Mar 7, 2018
5
5
5
6%

Great idea and perfect team!

Jared Polites
Partner at Blockteam Ventures | Marketing Specialist (40+ ICOs) | ICO Advisor | Writer at CryptoCoinsNews | Former FBI Analyst
Rated on Feb 8, 2018
5
5
5
4%

I have been lucky enough to meet the team here in NYC many times where they are based. The market they are tackling (consumer credit) is in desperate need of an overhaul and I believe they have all of the right pieces to make it happen.

Oliver Isaacs
Blockchain Investor, Advisor, Influencer & Speaker
Rated on Feb 21, 2018
4
5
4
2%
Paul Mears
ICO investor, cryto trader
Rated on Feb 21, 2018
5
4
4
6%

This is a good product with a top class team. Some people may think the rates are low . but in many countries you do not want to sell your crypto to facilitate tax deferal or treatment as a lower arte asset when the interest rate may not be as important as tax deferral. The asset protection looks sound. Having a mix of Israeli tech and financing and also US is a good mix to a wide market. To see Miko and Moshe involved as well give me comfort as they only back stuff they have done DD on

Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Feb 23, 2018
5
4
4
6%

Nice team, idea is also good .. best of luck team

Douglas Lyons
Board Advisor- Early Adoption and Strategic Partnerships
Rated on Feb 28, 2018
4
4
4
3%
Giovanni Lesna Maranetto
Chief Commercial Officer at Hedge Blocktrade.com , Advisor Blockchain Strategist , Speaker
Rated on Mar 16, 2018
4
4
3
4%

Only thing with lending in Crypto is how will it peg the price of the loan against collateral? This works in bull markets but in bearish markets this can collapse. safe guards, insurance on defaulting loans? Typical real world issues - i.e. GFC part 2 in the crypto space.

Maybe space for a stable token makerDao token or asset backed token i.e GOLD DIGIX?

Great idea though. Just some thoughts for the team. EthLend is another one in this space.

Francesco Redaelli
Co-Founder & President at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member
Rated on May 3, 2018
4
4
4
5%

Nice idea! Allow anyone who’s in need of cash to easily borrow from the Celsius platform without having to sell their crypto holdings is an high plus vision!

Nathan Christian
Blockchain Technology Consultant
Rated on Feb 27, 2018
4
4
3
3%
Simone Conti
Head of ICO, Cryptolab
Rated on Mar 2, 2018
3
5
4
3%

Team is too small for this kind of project and blockchain experience is poor. Tech team doesn't report Celsius involvement in their Linkedin..

About the product they have a poc and it's ok.

It will be surely the need of a platform for lending in crypto space (there is also for non crypto-space, like LendingClub or Prosper) although there are a lot of competitors like salt for example that has raised $48M.

Benjamin Randall
Blockchain Advisor
Rated on Mar 2, 2018
5
4
4
3%

Good concept. Some of the other reviews look to be misunderstanding how the coin works.

Murat Ornek
Engineer, Visioner , Investor , Advisor
Rated on Mar 3, 2018
2
1
1
3%

It is not important that there are hundreds of lending projects, good projects are always welcome however;

Team 2:
Pasting profiles of Advisors just because they are known within the industry doesnt help to the project in long term other than ICO sales.
And tech. profiles are insufficient.

Vision 1 & Product 1:
There is 95% chance that nobody will ever use this platform no matter how hard it is promoted.


Omar Hannoun
Decentralization Evangelist, Advisor, Investor, Talent Acquisition Specialist
Rated on Mar 8, 2018
4
5
3
2%

The team is great except it feels like they went overboard with advisory, not necessarily a bad thing, for the ICO at least.

The vision is great I mean consumer lending and being able to earn interest on Idle funds while they a stored in a secure manner sounds amazing. maybe not for the guys that bought bitcoin last year but for the old school bitcoiners, the people who got in before it was trendy. I love the vision assuming they can implement it.

Product is great but nothing new or innovative, been attempted many times before, while this platform has a few factors that make it stand out, the product is just above average.

Massimiliano Vurro
Executive in Exponential Technology Development
Rated on Mar 12, 2018
5
4
4
1%
Reinhard Berger
CEO Pecunio Blockchain Technologies
Rated on Mar 15, 2018
3
3
3
2%
Shaf Madina Zaman
Founder - Crypto Society, ICO Advisor, Marketing Consultant, DayTrader, BlockChain Enthusiast,
Rated on Mar 15, 2018
5
5
4
5%

I like the project overall & I think the team is capable of pulling it off... only thing I don't understand is why they need $50m for this project, other then that It looks good

Vlad Skakun
Cryptocurrency Enthusiast | Senior Analyst at Midgard Ventures
Rated on Mar 26, 2018
5
5
4
2%
Farabi Shayor
Marketing Professional | VR Research Lead | Cryptocurrency Specialist
Rated on Mar 19, 2018
5
4
4
2%
P.B. Stanton Esq.
ICO Advisor | Securities & Banking law | Former US Marine JAG Officer
Rated on Mar 20, 2018
4
4
3
3%
Sanket Agrawal
ICO Advisor, ICO Management & Strategies, Blockchain Technology, DLT, Digital Transformation
Rated on May 5, 2018
4
4
4
2%
PlumBot
ICO Analyzer Bot
Rated on Sep 2, 2018
0
0
0
15%


Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

Celsius ICO price

Price in ICO

1 CEL = 0.30 USD

Celsius (CEL) crypto

Celsius coin

Celsius token
CEL
Celsius type
ERC20
Celsius platform

Celsius (CEL) value

Tokens for sale
325000000

Celsius market cap

Celsius market capitalization
$ 50000000

Celsius investment info

Accepting
Distributed in ICO
50%
Soft cap
15,000,000 USD
Hard cap
50,000,000 USD

Celsius whitepaper

Celsius team

Apply as an advisor

Moshe Hogeg

Founder & Co-CEO at Sirin Labs

Advisors

Jeff Pulver

Industry Pioneer

Advisors

Chris Dannen

Business Strategy

Advisors

Celsius milestones

1
August 2018

WePower idea

2
December 15, 2017

WePower idea

3
January 20, 2018

WePower idea

4
January 2019

WePower idea

5
January 25, 2018

WePower idea

6
May 2018

WePower idea

7
October 2018

WePower idea

8
October 25, 2017

WePower idea

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