What is Celsius Network?
Celsius network provides all-in-one brokerage and financial operations for cryptocurrencies. It allows users to get regular rewards and interest on their capital. The platform was released in 2018 successfully completing the Inicial Coin Offering of its native token CEL. Celsius's founders are Alex Mashinsky and Daniel Leon. Mashinski is a serial entrepreneur who founded seven New York City-based startups. As for Leon, he has experience with developing early-phase startups. The businessman previously worked as a CEO of Atlis Labs. The token has different interior uses like increasing payouts while being practiced as a payment asset. CEL is an ERC-20 standard token on Ethereum. It is possible to trade the asset outside the network on different exchanges. Due to its CelPay feature, the Celsius network works as a wallet and hosts its native token. Celsius practices an adjusted proof-of-stake mechanism for its token. For safety measures the platform suggests users adopting two-factor authentication.