LONDON, November 24, 2020 / PRNewswire / – Celsius, the industry-leading cryptocurrency reward platform, today announced that it has provided 25,000 ETH to the Ethereum 2.0 platform, giving it enough funds to reach its goal and launch on time. The contribution represents Celsius’ greatest belief and support for Ethereum and the future of crypto.
“When Celsius was first launched, we turned to Etherum to learn how to build a thriving and strong community,” said Alex mashinsky, CEO of Celsius. “We built our CEL token on the Ethereum blockchain and used it to scale and become one of the fastest growing companies in the crypto space. We are proud to launch Ethereum 2.0 Genesis and contribute to the last building block with 25,000 ETH from the Celsius community and help a company that has helped us scale our own project. “
The 25,000 ETH provided by Celsius to Ethereum 2.0 comes from Celsius’s community asset pool and will be used to generate an even higher return for the community through Ethereum’s advanced blockchain platform. Celsius users can earn up to 7.21% APY on ETH held in the Celsius wallet, and earn rates of 3-15% APY on over 40 additional cryptocurrencies. Celsius also provides 1% APR loans with no set-up charge to ETH holders and other asset users.
Celsius helps hundreds of thousands of consumers around the world find the path to financial independence through a high-composition income portfolio and low-cost loans accessible through a mobile app. Built on the belief that financial services should only do what is in the best interest of the depositor community, Celsius is a free blockchain-based platform where membership provides access to organized financial services that are not available through traditional financial institutions. For more information, please visit www.celsius.network
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SOURCE Celsius Network