Review on Celsius by francis fernandez
Celsius: a chain of blocks that allows you to obtain secure financing on the network
Celsius is a digital currency credit management platform that uses blockchain technology to develop a reliable ecosystem to obtain financing and generate income from performance.
Token:
The Celsius platform uses the CEL token as a driving mechanism for the operations that are managed on the chain.
Operation of credit management:
Under this credit scheme, a user transfers his funds in digital currency to another user in exchange for obtaining a return. In exchange, the recipient of the money provides a guarantee that guarantees the repayment of the loan received and must pay an interest on the financing.
What does this blockchain contribute?
The importance of using this platform for credit management; is that unlike traditional financial entities, through this network financing is obtained quickly, safely, without cumbersome procedures and all thanks to blockchain technology.
Ways to generate performance:
The platform allows the user to obtain passive returns in two ways:
1- All in the same digital currency in which the loan funds were granted.
2-In CEL tokens you can also obtain the interests for loans granted in another digital asset admitted by the Celsius network.
Platform utilities:
• Allows users to generate passive income by granting credits with their funds in digital currency. The procedures are carried out by the platform without the user being involved in credit management procedures.
• Digital currency serves as a payment mechanism.
• It allows you to quickly obtain financing in cryptocurrencies in exchange for a guarantee and interest compensation.
• It is used to carry out trading and staking of assets.
• Allows you to exchange your cryptocurrency with a wide range of the most popular digital assets on the web.
Pros
- It serves as a safe tool to obtain financing in exchange for the payment of interest and the deposit of a guarantee.
- It allows the holder of funds in cryptocurrencies to generate passive returns through the use of their funds as loans.
- It is a secure network to manage exchanges with multiple currencies.
Cons
- Their currency has an unstable value
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Comments (1)
January 04, 2021
It is a great platform with gret CEO. I like Mashinsky method and the logic behind it. The CEL token is untable asi it is going to the moon, lol. That should be welcomed. I hope you enjoy using the platform as it is a better opportunity that banking account. More to come such as card.
