Review on Celsius by LUIS RIVERO R
Lending platform
This type of services has become popular now, it is a system of loan and cryptocurrency gestures where you can earn interest, borrow and of course use it as a payment gateway.
You can earn interest of up to 10% depending on the type of cryptocurrency, it is great for those people who want to passively invest in cryptocurrencies.
The CEL token is used to make interest and loyalty payments to celsius users.
One of the most relevant aspects is that compared to other projects with similar characteristics this one has many cryptocurrencies listed.
In general, the token has the purpose of improving interest rates in addition to offering priorities when making requests, it is like a kind of membership for users since you will not only be part of the platform but also by supporting the token you will be financing its development .
The more tokens you have, the better the type of membership you belong to, in addition to the discounts you will get, which in this case vary from 5% to 30% discount on the interest on your different loans.
If you decide to lend on that platform when using Cel as a deposit method of your interest you will receive up to 30% more
Pros
- Instant loans backed with your cryptocurrencies.
- Earn interest on borrowed balances.
- Lower loan rates compared to the market average.
- Earnings of up to 10% certain conditions apply
- The token is used as a reward method for its users.
- App available for android and IOS.
Cons
- Problems with the App, some users report slow syncing
- The app is no longer available for some devices, they should have a lite version
