Hello and welcome to this blog post about Celsius CEL White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Celsius CEL white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Celsius (CEL).
I can ensue you that, you will be able to understand every bits and pieces related to Celsius (CEL) after going through the Celsius CEL white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Celsius CEL White Paper
Celsius CEL white paper will be going to provide you, all the information that is needed to get started with Celsius (CEL), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Celsius (CEL).
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“ In conjunction with the launch of the Celsius Crypto Wallet, we’re excited to introduce the Celsius Token (CEL). After our Token Generation Event, members will be able to use their CEL tokens to secure access to loans in dollars using their crypto as collateral. In the future, members who deposit coins in their Celsius Wallets will also be able to earn CEL Tokens as a reward for lending to the network.
We’re designing CEL (ERC20 Token) to be the backbone of the Celsius Network, creating a value-driven lending and borrowing platform for all our members.
The Celsius Token (CEL), at the moment of the Token Generation Event (TGE), will have utilities including:
• the ability to become a member in the Celsius platform and community
• the ability to deposit your cryptocurrencies in the Celsius wallet
• the ability to apply for dollar loans with cryptocurrencies as collateral
• the ability to pay interest on these loans at a discount
In the future, the CEL token will have additional utilities including:
• allowing members to lend cryptocurrencies in order to gain interest
• achieving seniority in the platform which will impact the interest rate gained
• get interest rewards on cryptocurrencies lended”
White Paper Link: Celsius (CEL) White Paper
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