We are pleased to announce our next AMA on October 4th 2020 at 03:00 PM UTC Time: Satoshi Club x Celsius Network
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Celsius Network Telegram group
We will have the following structure:
Part 1: 200$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from
Part 2: 200$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Celsius Network Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about Celsius Network
For more details:
Celsius Network – @Celsius Network
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
celcius, being one of the more establish lending platform. How does celcius pivot itself against the current hype of Defi ? what is the advantage of Celcius against other competitors?
Celsius is not charging any fees while issuing token unlike some defi projects. What are the sources of income that Celsius pays high rate on stablecoins?
How does Celsius for market volatility leads to record income ?
Celsius slogan is to unbank us .What are the features and services that celsius provide for it’s users?Do you have mortgage loan and other types of loan services like in the bank for long period of more than 10 years?
celswap is going to be an exciting product moving forward, can you tell us more about it? How does it differ from the other swap platform in the market? what are it’s competitive edge ?
On the app download page, the link to Google Play leads to the App Store. This is probably a mistake that should be corrected.
Do you plan to release a web version of the application to work through a browser?
Celcius Network are sharing at least 80% of their revenue with the users to earn up to 22.40% APY, distributed weekly. Is the 20% remaining for the team enough to cover the expenses and salaries of the developers? Or do you have any other source of income?
Last month, Celcius records a whopping $1.005M interest payment in a week. How will Celcius manage to pay that amount of interest? Where did the funds come from?
The Celsius Network assumes the passage of KYC through the provider Onfido. If I do not want to go through KYC, what restrictions will I face?
The current rewards rates are different from International Community than the United States Citizens. The International rewards rates has “CEL Rewards Rates” and “In-Kind Rewards Rates” while for the US, the In-Kind Rewards only. Why is it different?
Your affiliate program promises a $ 50 reward for each qualifying user. This is a very generous reward. Share your statistics: how many active participants in the affiliate program and what was the maximum earnings among the participants?
Borrowing is one of the offerings of Celcius Network and it charges only 1%. Also, one thing that takes my attention is “Borrow Cash While Keeping Your Assets”. How did you manage to charge super low interest rates? When will the collateral be stored?
Talk about a loan at Celsius. How does Celsius decide when to make an unsecured loan to whom and how much? How does Celsius identify or analyze counterparties that you think are most suitable for transacting loans and other similar transactions?
Just Deposit $ 200 crypto or stablecoins in CELSIUS, you will get $ 20 in BTC once you hold the deposit for 30 days !! WOW
Is it possible? Can you explain more. Then, how does CELSIUS get income or profit?
What are the main differences between the business model used by traditional banks and the business model you created at Celsius?
Why do institutions and hedge funds borrow from Celsius when they have access to cheap capital?
How does Celsius prevent accounts from being victims of SIM card swapping?
Why can’t US users earn in CEL and when will that change?
Now that my CEL token collateral is more valuable, can I increase the size of my current loan?
I would like to apply to one of the open positions at Celsius but don’t live in the requested area– how important is location?
Why do institutions and hedge funds borrow from Celsius when they have access to cheap capital?
Can you explain what CelciusHub is and what it does.. I see that early access is being granted at the moment to some people. When will it become ready for public use
For a first time user of Celsius can you explain what I need to do after downloading your app to start earning from it do I just simply hold my assets in your wallets and in doing so do I have access to this assets at anytime.
Does Celsius provide uncollaterized loans and loans with collaterals below the value of the borrowed asset if yes what conditions must Celsius customers meet to qualify for such categories of loan
How would you describe the risk profile of putting money in Celsius? With what investment class does it have a comparable risk?
If we see a second wave of financial collapse, worse than March – is Celsius ready to handle this?
From my observations, Celsius network doesn’t charge fees for any of their services. How then does Celsius network generate revenue?
Some DeFi projects charge fees when issuing tokens – is Celsius planning to start charging this fee?
How does the affiliate program work? And do I have to be a Celsius account holder to be able to participate in the affiliate program?
I understand that Celsius currently has a circulating supply of their $ Cel token 76% of and 24% blocked. What strategy are you implementing to release this 24%? What is planned for the expansion of the project?
Currently many tokens fall for security reasons, I hope and this is not the $ Cel, I would like to know if
Are Android and iOS App’s safe?
How many women entrepreneurs (SMEs) see Celsius loans as a vehicle for growing their business both in the US and around the world?
If Celsius’ business model relies on loans, can the market reach saturation? If so, does Celsius have any other income streams?
There are about 2 billion unbanked people in the world. So, How will Celsius support and serve the unbanked?
I have read about Celsius rehypothecating of assets. Did Celsius lend the same coin several times?
Is rehypothecation the same as fractional reserve loans?
Can you explain how the distribution of the team tokens at $ 1.50 and $ 3.00 would work? Will there be a lock?
If assets continue to grow, do you expect a time when the capital supply will exceed demand?
Is Celsius planning to add the ability to generate our own deposit addresses?
In order to massively expand Celsius to the unbanked, how will Celsius perform KYC in a jurisdiction where users may not have adequate documentation?
Do you plan for Celsius to be a long-standing and independent organization for the long term?
What is the REX Framework, and is there anything to share with users about it?
What does your tech stack look like on the server side? What kind of cloud service does Celsius use?
How do you make sure the Celsius app is safe because it’s open-source on Github?
What will happen to Celsius if Jamie Dimon (CEO of JPMorgan Chase) decides to offer competitive interest rates?
In the future, will Celsius users keep fiat currency in their wallets?
Now that the BnkToTheFuture equity application is closed, what are the next steps? How exactly does BnkToTheFuture increment work?
I understand that Celsius planted its first seed for project creation in mid-2017 and that it has already advanced significantly, what surprises will $ CEl present us in 2021 in terms of updates and security?
Institutions seem to be buying up Bitcoin at alarming rates– can they gain control of the supply and keep retail buyers out?
If I registered for Celsius in a state where I can’t earn interest on stablecoins (such as Texas) but then I move, how does Celsius know I’m in a state where I can now earn interest?
How will you set yourself apart from other similar companies like Crypto.com and Voyager?
It is a bad aspect and negative for a token, that there is a possibility that the data is hacked, what does the Celsius chain offer to support the security of the clients?
What is the goal in terms of loans and rewards that Celsius will offer to frame this project as one of the best?
How is the income generated to pay CEL-on-CEL interest? Will the 5.12% rate be sustainable when CEL is $3 and beyond?
What did Celsius do to reduce the risk of smart contract bugs on the DeFi platforms they use?
Would Celsius consider offering a service like Acorns – linking bank cards and then pooling everyday purchases into crypto?
The Celcius Network Team has a reward program called “Celcius Loyalty Tiers” with different levels from Bronze, Silver, Gold and Platinum. Does it mean, if I hold $CEL Tokens I’m eligible to receive the bonus? The more I hold, the greater the bonus?
With increased visibility and attention in the crypto space, how confident is Celsius that they can protect user assets from malicious attacks?
Will Celsius’s business model continue to outperform the DeFi project? How can they be changed to improve?
The conventional approach to investing for retirement is 60% equity, 40% bonds – this gives you a return of 10% per year. With bond interest rates now so low, what could replace this 40%?
Celcius Network CTO, Nuke Goldstein joins an interview with Blockchain Herd on Youtube. One of the highlights of the interview is “CELSWAP”. Is this the team’s approach towards DeFi craze? Can you give us more information about CelSwap?
With increased vasibility and attention in the crypto space, how confident is celcius that they can protect user assets from malicious attacks?
Celcius Network is one of the leading platform when it comes to Lending/Borrowing. If I decided to take a loan, How fast will be the whole process and what are the requirements and collateral needed?
– What mechanisms does Celsius use to generate ROI for users? Is it necessary to lock the coins in Celsius Wallet to obtain benefits? Or does holding generate interest?
– Are the APY’s for all Celsius cryptocurrencies the same? Which ones are more profitable? Is it possible to make profit from stable currencies and those that are not?
– What are the interest rates that a person who takes out a loan with Celsius must pay? Is there a possibility of flash loans? Or are only over-collateralized loans available?
The APY interest rate is pretty good, and some even say almost too good for (new comer in blockchain world). How do you convince that people, that’s not a ponzi scheme?
The FAQ Section ✓✓ and website UI is very intuitive ✓✓.
would you guys BE adding more video tutorial how to basic (withdrawal/signing up/example use case for borrowing/interest rate calc)?
So (really) new people can hop in Celcius network, and understand on Celcius Network on the get go.
ith the economic crisis and outbreak due to Covid-19, What difficulties does your project have? What has been done to maintain growth, strengthen investor confidence, and community support?
f the system is under construction as you informed me security if this mode still tests ?
How’s the challenge so far for Celcius Network team in 2020, are there any hold-up/delay or even speed up of in certain plan in the time frame?
What distinguishes you from your competitors?
What’s the problem of over collateralization in DeFi and how does you solve the problem
Celsius claims decentralized system, yet I was subjected to kyc when using Celsius app, don’t you defy the principle of decentralization with kyc
The biggest issue confronting adoption is lack of technical knowledge and education creating a big barrier to entry in DeFi, how do you seek to educate potential users and you seek to ONBOARD them
Is the name Celsius Network related to Celsius degrees? Why did you pick it?
How can Celsius Network reach the unbanked from developing countries and mainstream populations, which are the ones that need the most solutions to store and movilize their funds?
Does Celsius Network plan to replace current centralized banks? Which features of the platform would enable it to do so? How is the mix of scalability and security?
As a solution for the unbanked, does Celsius aim to be an effective payment method? What os the TPS and cost effectivity of the network in order to do so?
Celsius is not avaliable in every country, including some that would much beneficiate from its services, like Venezuela, why is Celsius network restricted in some locations, do you plan to solve these limitations, to help unbank many thay would need it?
How strong is Celsius Network in terms of security? This is an important and delicate matter when talking about users’s funds, how are they safe in Celsius Network?
You say “Just transfer your currency to degrees Celsius and earn up to 22.40%”, is that really so? Will these profits be obtained from interest generated annually and from having the capital blocked? or as?
What is really the mission and vision of this Celsius Network project? Do you simply develop a blockchain platform that allows users to provide stablecoin credits through payments in $ CEL tokens?
How much is the maximum amount of loans that a user can request? And how long is the term in which the next loan could be requested in Celsius Network? What other requirements do you have?
Why really call this project “Celsius”? What does it mean in relation to the project? Does it have any relationship with this unit of temperature (ºC)?
It’s really great to have CelPay in both the Appstore and the Playstore, but are you planning to make a version for IOS?
The capital deposited in Celsius with which up to 22% per year are generated, can it be withdrawn when the user wishes? Or will that capital be blocked for a whole year and only be able to withdraw the profits?
months ago there were many rumors that Celsius Network would close with the large amount of capital invested, generating insecurity in users, but can Celsius really easily shut down overnight? Or are there certain smart contracts that guarantee the security of the capital of the users? (hypothetically speaking)
really what have been the “selected services that have been abandoned by the big banks”, but which have been adopted by Celsius? If they have been forgotten, it is because they do not work, then why Celsius has to implement them?
How far does Celsius really want to go in these three years of operation since its launch? What objectives have they reached and which ones have they yet to reach?
The Celsius is in-app lending platform now. But you have more than $ 1,115,000,000 (community assets) at your disposal plus Tether investments. This huge amount of money allows you to make investments in highly profitable projects. Are you planning to become an investment company?
I read at the web-site that i can get a loan at 1% and think it very good because you pay from 6% up to 22.40% of income. For example if I put USDT at 15.89% income, but get a loan at 1% or i am wrong in something? Can you clear my vision of this? Thanks.
Are you somehow insured in case, after the loan is issued, the currency price on the loan starts to decline? Is there a clause in the contract for such a case?
Many of the top exchanges has functions such as launchpad,lending, staking etc. that interest many investors. So, is Celsius Network planning to launch these functions in the future?
Is the loan collateral a fixed amount? I still didn’t get it. Or is the collateral somehow calculated?
I was interested in lending! Is the maximum amount $ 1000? What if I want more? Is the deposit accepted in any currency? And if the borrower does not repay the loan, then you keep all his collateral or some calculations will be made?
What unique technology does Celsius Network use to separate it from its competitors ?
what is the use case of Celsius native token
Q1. Security is an important thing, right? How can you ensure that your currency is safe for us traders?
Q2. Which partnerships did the Celsius Network team make, and why?
How is Celsius able to pay 15% on stablecoins?Does Celsius take any credit risk with their loans?
Now that my CEL token collateral is more valuable, can I increase the size of my current loan?
why do you work with PrimeTrust in troubled states like NY and WA?
What happens to the CEL that we use to pay interest on loans?
Hi, I’m new to celsius .. I asked how much do I need in my wallet to receive 1 cel per week as a gift?
can you provide a way to create a Celsius account. and how to secure our assets ?
The crypto world is becoming overcrowded with Blockchain Coin, ERC-2O tokens , Defi Project. what makes CEL different from other projects?
CEL gives lower interest rate loans. Can you please explain us your interest program?
Will I get any reward for holding $CEL? If yes then how much will I get holding and how long should I hold my $CEL?
How will you motivate people to take a loan on the CELSIUS platform, rather than to take a loan from a bank? What are your promotional strategies to attract people to your platform not from the crypto space?
I think the inflation rate is a factor that needs to be considered in lending. So for CEL holders, does inflation affect their profits? Can you share with us the CEL token unlocking schedule?
How possible to earn interest up to 11% annual interest and paid weekly in depositing and holding crypto in Celsius Network wallet? What is the basis of 11%? Is there other option to get profit from Celsius Network wallet?
As we know, security is considered as one of the top priorities of any platforms, how does Celsius protect user’s information and ensure the asset security? What makes investors and users trust Celsius?
Before I invest in a project, the security of my funds is my first priority. How much secure CELSIUS NETWORK is, what programmable technology & security developed by your team to build the platform very secure?
Along with the development of DeFi, the “Yield Farming” models have received a lot of attention from investors. So what makes Celsius attracts them instead of becoming farmers?
What security steps do users need to create an account and make profits on the Celsius platform? Can you share with us how to get optimal profit? Do you have Referral Reward System?
Is Celpay available worldwide? Can we link debit or credit card with Celsius Network wallet? Can we use it to for online transaction payment?
How to apply loan in Celsius Network? Can you explain more about the computation of interest rate and its basis? How much is the minimum amount to loan and what currency?
Question-1: Uscase Is An Important And Essential Subject For EveryOne Project And This Uscase Is Often The Main Focus Of Customer Attraction.Now I Want To Know The Details About CEL Uscase?
Question-2: Do You Have CEL Buy Back And Coin Burn Any Plan In Future?
Q-1: Yield Farming Defi Is A Very Popular And Lucrative Medium At The Present Time And There Is No End To Everyone’s Curiosity And Interest In This Defi. Now My Question Is What Does The Celsius Network Platform Think About This Definition Issue? Do You Have Any Plans To Work With DEFI In The Future?
Q-2: Celsius Network Platform Is Safe Any Hacking Attacks? Recently Time Hacking Is Very Difficult Problem.Do You Have A Mechanism To Prevent Such Attacks?
Question 1: CEL ERC-20 based token and recently ETH gas is also high for transaction. It seems sometimes user got loss profit for this reason. Are there any plans to make CEL fast transactions in ETH Blockchain?
Question 2: Revenue are the main points of all projects, can you tell us your Business model and how you generate revenue?
Celsius project have any plan to join with this E-Game & E-Commerce sectors?
As we know, every successful trading platform has a few stories behind the scenes, what’s the story behind success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming digidinar updates that you want to show/share with us?
Privacy and confidentiality of information and user property are important issues, so what solutions do Celsius have about that? And Celsius how to compete with other projects what are the specific differences you can detail?
Can all fair interest, zero fee and fast transactions offered by classical banks be carried out through your curator services platform? What is your difference from classic banking services?
Funds Security is main Priority for me ! So, Can you tell us How Our Funds are safe & Secure in Celsius Platform?
What if Unfortunately Celsius Hacks or suffered from Security Breach, then is there any insurace available for recovery of user’s Funds?
With the development of blockchain technology, an infinite number of blockchain projects have appeared on the market. But people prefer / will accept projects that have real use cases. Can you tell us about real-world use of Celsius or solutions that contribute to this?
In your website, Celsius is compared with Chainlink and I see that the main edge of Celsius is the level 2 services. So can you elaborate more about the features of Level 2 service of Celsius? Why do you choose to compared to Chainlink?
Most crypto projects have token of their own, does Celsius has it own token? If Yes, can you tell us about the token and it benefits ? If No, why don’t you have and is there any plan of having later in the future?
for the benefits knowledge of users and potential investors, can you please mention few of your key partners and why choosing them? How is the partnership going on? And what is the win-win agreement to both of you to have a good relationship to each other?
How does your lending platform become an intermediary for users who want to borrow crypto assets? How is the margin rate determined and how long does the approval period take?
I can see ” #UNBANKYOURSELF ”
Hashtag many place in your platform, can you tell us meaning and significance of this?
With the last announced data, Celsius Stock Fund Closed With An Increase of Over $ 18.8 Million. How did Celcius manage to be one of the largest and most trusted investment tools for users and what is the role of your community supporters in this success?
HOW you can pay 100% times more then which a bank pays for most of people they Will consider this ponzi schemes only?
Can you tell us how whole ecosystem of Celsius work??
With the continues crackdown of crypto related companies by the U.S.A, are you not worried that you might be one of the targets as your platform gaining more users and the popularity of Celsius Network is rising? Are there already countermeasure with this problem if ever it comes up?
Ability to Earn interest on your Celsius we know? But can you tell us about lending work in Celsius network?
What are eligibility criteria of taking loan?
Celsius Network invented the idea that one should earn BTC on BTC and also earn Gold on Gold. How does Celsius Network provide this free BTC and free Gold to its owners and how much do you provide? What quantity of BTC and Gold do you hold currently? Why is it safe to store them on Celsius Network and at the same time not be as vulnerable as the recent Kucoin hack?
For referral rewards, the Celsius mobile wallet offers up to 35% more in interest rewards if I choose to earn in the CEL token. Is this CEL token interest reward readily usable or has some lock in period and are these tokens newly minted or are market bought to reward us? What are the immediate benefits for the invitee to join? Is KYC mandatory and if yes, what regions do you support and how do you keep the KYC data secure?
What are the assets that are accepted on Celsius Network as collateral for loans? How do Crypto margin calls for loan work on your platform? Why should people prefer to take loans from you rather than from BlockFi, Nexo, etc. or DeFi Lending Platforms like Aave, Maker, Compound, etc.?
When transferring funds to your mobile application, will I receive private keys from my wallets? Or are the funds at your complete disposal?
I have been following you on Twitter for a long time. You have 100k + subscribers to this social network. I know that you have monetized your content on Twitter, which gave you more attention from users. Tell us about your marketing strategy, what steps are you taking to popularize the platform?
According to studies, only 27% of people in SouthEast Asia have a bank account. Do you already have working plans or programs to entice this big market to try Celsius Network?
I have been a trader for ten years and I see that the celsius token is in a very strong uptrend, breaking through various resistances. Explain to me the reason for this and what are the advantages of holding this token?
I have understood that Celsius Network Offered a 20$ Promo Code to register and do the First trades, so this keeps Alive? If don’t what are the referal programs or Incentives to attract more users?