CELSIUS

Celsius is the first crypto wallet that allows users to earn interest on their held coins. Through our Ethereum-based P2P lending and borrowing platform, we aim to replace big banks and futures exchanges, like the CME and CBOE, with coin holders who will earn returns by lending. Through the Celsius Wallet, our members will be able to lend and borrow coins at significantly reduced rates compared to traditional financial institutions, and earn interest on coins lent.

OUR GOAL

Our goal is to create a community built on trust, fairness and accountability to our membership. Our self-governing, decentralized, ecosystem has the best interest of our members (Lenders and Borrowers) encoded into our immutable protocols governing the smart contracts that we issue. Celsius will bring together existing and future decentralized applications (DApps) into a single integrated ecosystem that will build upon and extend the Ethereum platform and enable real-world applications to be provided seamlessly for all citizens of the planet to empower this growth.

Founder:

Alex Mashinsky

Year:

2017

Locations:

New York (USA)

We Invested Because:

We believe Celsius has a strong potential as it bypasses central banks to enable credit access to a large section of the unbanked population by reducing fees drastically. Their decentralized lending protocol directly connects lenders and borrowers from around the world based on the desired risks and terms.