Celsius Network is an Ethereum-based value-driven lending and borrowing platform. The Celsius Wallet was designed to allow members to use coins as collateral to get a loan in dollars, and in the future, to lend their crypto to earn interest on deposited coins.
CEL is an ERC20 utility token that powers Celsius Network's credit ecosystem. CEL's utilities include the ability to become a member of 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, and the ability to pay interest on these loans at a discount.
Celsius Network will be holding its ICO on March 15th, 2018. The ICO token supply represents 50% of the total token supply, so there will be a total of 325,000,000 tokens available, for 0.30 USD each at the offering. The ICO funding target is 15,000,000 USD, the funding cap is 50,000,000 USD and is expected to end on March 22nd, 2018 or when the funding cap is reached.
Token Reserve Split (50%):
Celsius Network ICO campaign will feature Bonus, and the token will not be mineable.