Earn Celsius Tokens (CEL) Get to Know the Celsius Fly Wheel
- Celsius Fly Wheel
- Celsius Promo Codes for ETH
- Celsius Burn
- BlockDown 2.0 – Defi Vs Cefi – Alex Mashinsky X Rune Christensen
Celsius Fly Wheel
The Celsius Fly Wheel represents: More CEL Burnt, More Users, More Assets, More Yield, More Earn in CEL, and Celsius buys More CEL in Market.
The Celsius Flywheel focuses on bringing in more users, more assets, more yield, more earned in CEL, Celsius buys more CEL in Markets, and More CEL Burnt.
There are some who criticize the wheel stating that if you put it in proper shape that it will look like a pyramid – a pyramid scheme.
Also, Celsius covers all gas and network fees for its customers. Reportedly, so far Celsius users have saved $19,730,664.53 in Fees.
Celsius Promo Codes for ETH
Celsius is attractive as it has no gas fees, no minimum balance, no lockups, and rewards every Monday. Subject to Celsius’ general promo terms & conditions. For a limited time, receive up to $600 in ETH on transferring Ethereum to your Celsius account.
There are new promo codes up for Celsians to get up to $600 in Ethereum. The promo codes are ETH20, ETH200, and ETH600 with 20, 200, and 600 in reward amounts respectively with minimum transfers being $500, $5,000, and $20,000 respectively.
Some users were wondering if the promo codes will work if they will be doing two or more transactions to get one bonus?
Celsius Burn
Further, Celsians burnt 1 Million CEL token. That’s 1/465 of the total supply in 3 months. These burns at low CEL price will be big burns looking back in a couple of years. This is massive for practical reasons.
Celsius expressed: “Burn, baby, burn. CEL Token Burn. About 10% of the total number of CEL bought in the market this week has been used to pay Celsians as rewards. It has been burned. About 68,209 CEL is now permanently removed from the supply.”
BlockDown 2.0 – Defi Vs Cefi – Alex Mashinsky X Rune Christensen
Who is acting in the best interest of the user right? Celsius is not a new platform. Compound, Maker, most of the other platforms basically claim that they are neutral meaning they don’t represent the borrower, they don’t represent the lender – they make it fair for everybody to participate. Celsius clearly states everyday that we only represent the depositor.
Our Job, we have 125,000 depositors and our job everyday is to represent their best interest. And, extract as much as possible out of the borrowers. Our borrowers are institutions and hedge funds – so we do the opposite of what the banks do. So, right instead of the banks taking the money from the small guy, making a lot of profit on it and then giving their profits to the shareholders – we do the opposite. We take money from these institutions; they pay us interest and we distribute it pro-rata to the depositors.
There isn’t another company that can come and say – even companies that started before Celsius that “I paid more interest, more Bitcoin, more Ethereum, and more dollars to my community than Celsius.”
Celsius is called CeFi, but Celsius is the same smart contract, multiparty computation, and all the technology that you will find in Defi project, you will find in Celsius. So, the question is who is acting more on your best interest? And, I can tell you that Celsius has paid more Bitcoin, more interest than anyone else on the planet.
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