Earn Interest Using ℃elsius
37.0 | Celsius Network + A Conversation with Matthew Tuttle & Julian Klymochko
Earn Interest Every Week with Celsius
Investing News Worth Reading 📰
A Conversation With…Audio Series 🎙
Tweets of the Week…
📆 The Week Ahead
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Celsius
Celsius Network is a cryptocurrency platform where you can earn significant yield on your assets. Founded in June 2018 by Alex Mashinsky (aka “The Mashine”), Celsius has seen explosive growth over the past year, with the company recently celebrating 1 million account holders. But what’s the difference between Celsius and other interest-earning platforms such as BlockFi, Nexo, Coinbase, Voyager? Let’s explore more:
Celsius offers yield on over 40 crypto assets with the CEO dedicated to as much transparency as possible by hosting live AMA sessions every Friday and participating in Twitter Spaces audio conversations to speak about new products and Celsius’ performance. At the end of the conversations, any listener can speak directly to the CEO and ask questions or offer improvements to the Celsius platform. Name another CEO you can speak with directly every week…we’ll wait.
Celsius recently launched a new feature called Proof of Community which provides real-time data about their assets, breaks down where funds are allocated and publishes how much each user (anonymously) receives in interest each week.
While many of the other crypto interest-earning platforms have one or two sources of revenue, Celsius touts serious sustainability with numerous sources of revenue: user loans, institutional lending, crypto exchange lending, one of the largest participants in Decentralized Finance and one of the largest Bitcoin miners. Celsius does all of this without charging any fees to their account holders.
Over the last year, many centralized finance platform’s APY rates have reduced significantly. On the other hand, Celsius’ rates have remained stable and mostly higher than other platforms due to their business model. Celsius pays account holders their rewards every Monday. Finally, Monday is the best day of your week!
So, is Celsius centralized finance or decentralized finance? It’s a centralized finance platform aiming to meet decentralized somewhere in the middle. Alex Mashinsky says “we have one leg in DeFi and one leg in CeFi” with Celsius offering more transparency than many of their competitors and a clear focus on becoming even more transparent in the future. Celsius is also centralized in that their users provide their assets to a controlled institution and do not determine the use cases or sources of revenue. With higher yields and more transparency, you can see a semblance of DeFi. Many look at Celsius as offering the best of both worlds to new and old investors alike.
Celsius is climbing an uphill battle as a serious disrupter across the financial and banking sector. With over $20 billion in crypto assets and the company recently celebrated 1 million account users, the momentum seems to be accelerating. Ask yourself; would you rather make .02% APY on your dollar at an old legacy bank or 8.88% APY with Celsius? Click below to sign up for a Celsius account and earn $50 in Bitcoin in the process. A win/win if you ask us.
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The Audio Series
Last month, we launched our audio series “A Conversation With” on Twitter Spaces. In our second episode, we welcomed NFT and Axie Infinity investor Dan Verno. We discussed his beginnings in crypto, how he invests in the Play-To-Earn gaming universe, and his insight into the future of the blockchain ecosystem. We archived the conversation for anyone who missed it or wants to listen again.
📆 Tuesday, 9/14 @ 7PM ET : Matthew Tuttle & Julian Klymochko
This Tuesday, we will be joined by Matthew Tuttle, CEO of Tuttle Capital Management, and Julian Klymochko, CEO of Accelerate to talk about ETFs, SPACs, crypto and investing early. Don’t miss it! Have a question you want answered? Drop it in the comments and join us live where we will have a Q/A with the audience.
Tweets from Celsius and “The Mashine”
The Week Ahead
🟣 Apple Event (AAPL) Monday, September 13th 👉🏻 New iPhone, iWatch, AirPods
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investrly is written by Michael Rippe, edited by Danny Bopp and has elements from Peak Creative Design.
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