https://celsiusnetwork.app.link/1315105ca2
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DISCLAIMER: The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
0:00 We looked at the most popular CeFi platforms and their tokens. We analyzed them on the following categories:
Analysis Framework
Offerings
Core Products
Rewards Program
Tokenomics
Security
Platform Security
Custody
Insurance
Usability
Ease of use
Onboarding / KYC
Regulation
0:30 What it Does
Celsius is a crypto financial services platform focused on lending and borrowing
1:00 Background
Founder CEO: Alex Mashinsky
UNBANK YOURSELF
2:00 Ranking & How it Plays
3:00 Benefits of Borrowing:
4:00 Using Celsius to Borrow - Benefits
5:00 Using Celsius to Borrow - Lending Rates
6:00 Benefits of Lending:
7:00 Taxes - How Are Crypto Loans Taxed?
8:00 Disadvantages of Borrowing:
9:00 Disadvantages of Lending:
10:00 Borrowing offerings:
11:00 Offerings: Rewards Program
12:00 How the CEL Token Works
13:00 Cel Token Tokenomics
CEL has a max supply of 695.6M
50% of the initial supply was distributed to the public
The other 50% was distributed to the team, treasury, partners
CEL token is a proof-of-stake token where stakers earn a portion of the interest rewards paid
14:00 Security
There are counterparty risks to consider as Celsius does rehypothecate your funds
Uses third-party custodians and insurance providers to secure and insure its crypto assets including Fireblocks, PrimeTrust (now finished), and BitGo
Loans are up to 150% collateralized
15:00 Usability is like a decentralized lending platform, no paperwork
The onboarding process still requires KYC
Simple and easy to use mobile app
16:00 Risks
Regulatory risk is a big risk with cefi in general
Gary Gensler’s speech: Big takeaway is there is a very big risk that a lot of coins are seen as unregistered securities. This affects cefi particularly because they are not decentralized and there is a specific company issuing these.
17:00 CEL Token vs DAU
17:30 CEL Chart
We are about to see a GOLDEN Cross 200 DMA is $6. Current price 6.18
18:00 Industry Disruption
Industry TAM
18:30 Analyst Predictions
19:00 IA Price Predictions
20:00 Conclusion
It is pretty amazing what Celsius do - I am a user and a Celsian in full disclosure
Alex Mashinsky is one of the few I truly trust in this space
If you utilize the CEL token to the full it provides so many benefits and has upside due to network effects (yield, discounts and more)
Make hay while the sun shines
Did I mention - Regulatory Risk
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