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Ratings Celsius

P2P Decentralized Lending & Borrowing Platform

For crypto to continue to spread and gain traction we’ve got to bring the next 100m people into the crypto community. In order to do that, real products built by real teams have to provide real utility to the public. We’re building Celsius to bring a new wave of financial products to the market designed, for the first time, to always do what’s in the best interest of its members instead of trying to make as much profit as possible. EARNING INTEREST - Celsius member can earn up to 5% interest annually (sometimes more) on BTC, ETH, LTC and more right now simply by depositing coins in the Celsius app. BORROWING DOLLARS - Crypto holders in need of access to cash can use their crypto as collateral in order to get a loan in dollars. Users can simply apply through the app.

4.1
24 23 expert ratings
Benchy 4.1
KYC
Experts
4.4
4.2
3.7
Review: coming soon PRO
~$50,000,000
value of tokens sold in ICO
Ended
Token
CEL
Type
Price in preICO
1 CEL = 0.20 USD
Price in ICO
0.2000 USD
Country
USA
Whitelist/KYC
KYC & Whitelist
Restricted areas
North Korea, Syria, USA
preICO start
25th Oct 2017
preICO end
16th Mar 2018
ICO start
16th Mar 2018
ICO end
23rd Mar 2018
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Nathan Christian
Blockchain Technology Consultant
Rated on Feb 27, 2018
4
4
3
4%
This rating's weight is reduced by 50% as there is no review added.
Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Feb 23, 2018
5
4
4
7%

Nice team, idea is also good .. best of luck team

+2Agree
+1
-1Disagree
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Ilya Anikin
Business strategy, investment deals, investor relations
Rated on Mar 7, 2018
5
5
5
7%

Great idea and perfect team!

+1Agree
+1
Disagree
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Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Apr 25, 2018
5
5
5
6%

Strong team, decentralized lending and borrowing is a good concept that has been tainted due to recent unscrupulous companies. However there will be one or two players that will enter and dominate this market. Celsius could be that company.

+2Agree
+2
Disagree
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Paul Mears
ICO investor, cryto trader
Rated on Feb 21, 2018
5
4
4
6%

This is a good product with a top class team. Some people may think the rates are low . but in many countries you do not want to sell your crypto to facilitate tax deferal or treatment as a lower arte asset when the interest rate may not be as important as tax deferral. The asset protection looks sound. Having a mix of Israeli tech and financing and also US is a good mix to a wide market. To see Miko and Moshe involved as well give me comfort as they only back stuff they have done DD on

+4Agree
+4
Disagree
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P.B. Stanton Esq.
Securities and Banking law | Former US Marine JAG Officer | Complete legal advisory
Rated on Mar 20, 2018
4
4
3
3%
This rating's weight is reduced by 50% as there is no review added.
Shaf Madina Zaman
Founder - Crypto Society, ICO Advisor, Marketing Consultant, DayTrader, BlockChain Enthusiast,
Rated on Mar 15, 2018
5
5
4
5%

I like the project overall & I think the team is capable of pulling it off... only thing I don't understand is why they need $50m for this project, other then that It looks good

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0
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Vlad Skakun
Co-Founder and CFO at CryptoDiffer | Investor| Marketing Specialist| Senior Analyst at Venture Fund
Rated on Mar 26, 2018
5
5
4
3%
This rating's weight is reduced by 50% as there is no review added.
Mike Raitsyn
Blockchain enthusiast, business angel
Rated on Mar 2, 2018
4
4
3
3%
This rating's weight is reduced by 50% as there is no review added.
Francesco Redaelli
Co-Founder & President at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member
Rated on May 3, 2018
4
4
4
5%

Nice idea! Allow anyone who’s in need of cash to easily borrow from the Celsius platform without having to sell their crypto holdings is an high plus vision!

+1Agree
+1
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Hugo Jacques
ICO Senior Advisor and Expert | Blockchain Consultant | Crypto Investor and Analyst | Speaker and Writer
Rated on May 4, 2019
5
5
4
5%

Vision : I am particularly sensitive to this type of solution. Help unbanked people and disrupt the financial institution loan.
Team: Just check the pedigree.. Skills, experiences are here.
Product : Celsius Network is a democratized interest income and lending platform accessible via a mobile app. Focus on community. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 4.95% APR.
Marketing note: Presentation with a strong customer experience focus, clear, easy to understand and reach everybody. Good job.

Agree
0
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Simon Waddington
Software engineer and advisor
Rated on Dec 27, 2017
4
3
1
5%

To me "the future of consumer credit" is more like Bloom than Celsius. Indeed when you go to the Celsius website it seems the product is more being marketed as a way to earn interest on your wallet by loaning funds to investors on the fly, especially to back shorting.

I can't honestly believe that regular consumers are going to want to hold cryptocurrency for 7% interest when they also have to deal with wild fluctuations against fiat. There's no glory in buying 1.0 BTC today and having 1.07 BTC in a year if BTC price crashes to 1/10 of what it was in that time. IMO this is clearly targeted at more advanced users who would have been HODLing that BTC, ETC or whatever all that time.

Also in case you think that borrowers can get a great deal note that it seems as well as the 7% interest they also need to pay an additional 5% operations cost to Celcius plus 5% insurance against bad debt (which I assume is less for lower risk borrowers). While pay-day loans are definitely a lot more expensive than this unless Celsius is planning to loan fiat tethered coins I can't see this being suitable for any regular consumers.

I don't like that the whitepaper needs me to give up an email address to get a link. That's the first time I've ever had to do that.

So far there is no evidence of actual product. They only list two true developers on the team, the rest are biz and marketing types. The seem to have some strong links back to the FinTech world - including Alex Mashinsky who has real experience building companies and raising money. You'll need that for sure with a product like this because it isn't going to bootstrap on its own IMO.

+3Agree
+2
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Keith BaumwaldICO team member replied on 11 Sep 2018
Hi Simon-

Can you please check out our app? We have a 4.6-star rating on Android and a 4.9-star rating on IOS. We're giving out interest now to all depositors for BTC, ETH, LTC, XRP and OMG. The Borrowing feature will go live in a few months. I think giving us a 1 for Product is unfair given that we're shipping regularly and making significant updates every few weeks.

https://celsiusnetwork.app.link/download
Giovanni Lesna Maranetto
Founder of MENTAL BLOCK, CCO at Blocktrade.com , Advisor Blockchain Strategist , Speaker
Rated on Mar 16, 2018
4
4
3
4%

Only thing with lending in Crypto is how will it peg the price of the loan against collateral? This works in bull markets but in bearish markets this can collapse. safe guards, insurance on defaulting loans? Typical real world issues - i.e. GFC part 2 in the crypto space.

Maybe space for a stable token makerDao token or asset backed token i.e GOLD DIGIX?

Great idea though. Just some thoughts for the team. EthLend is another one in this space.

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0
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Oliver Isaacs
Blockchain Investor, Influencer
Rated on Feb 21, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Sanket Agrawal
ICO Advisor, ICO Management & Strategies, Blockchain Technology, DLT, Digital Transformation
Rated on May 5, 2018
4
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Benjamin Randall
Blockchain Advisor
Rated on Mar 2, 2018
5
4
4
4%

Good concept. Some of the other reviews look to be misunderstanding how the coin works.

+1Agree
+1
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Simone Conti
Head of ICO, Cryptolab
Rated on Mar 2, 2018
3
5
4
3%

Team is too small for this kind of project and blockchain experience is poor. Tech team doesn't report Celsius involvement in their Linkedin..

About the product they have a poc and it's ok.

It will be surely the need of a platform for lending in crypto space (there is also for non crypto-space, like LendingClub or Prosper) although there are a lot of competitors like salt for example that has raised $48M.

Agree
0
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Flavius Burca
Flavius Burca
Rated on Dec 6, 2017
3
3
4
3%

Where is the technical team ?

Agree
0
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Farabi Shayor
Marketing Professional | Research Experience Lead | Cryptocurrency Specialist
Rated on Mar 19, 2018
5
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Murat Ornek
Engineer, Visioner , Investor , Advisor
Rated on Mar 3, 2018
2
1
1
3%

It is not important that there are hundreds of lending projects, good projects are always welcome however;

Team 2:
Pasting profiles of Advisors just because they are known within the industry doesnt help to the project in long term other than ICO sales.
And tech. profiles are insufficient.

Vision 1 & Product 1:
There is 95% chance that nobody will ever use this platform no matter how hard it is promoted.


Agree
-1
-1Disagree
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Massimiliano Vurro

Rated on Mar 12, 2018
5
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Omar Hannoun
Decentralization Evangelist, Advisor, Investor, Talent Acquisition Specialist
Rated on Mar 8, 2018
4
5
3
2%

The team is great except it feels like they went overboard with advisory, not necessarily a bad thing, for the ICO at least.

The vision is great I mean consumer lending and being able to earn interest on Idle funds while they a stored in a secure manner sounds amazing. maybe not for the guys that bought bitcoin last year but for the old school bitcoiners, the people who got in before it was trendy. I love the vision assuming they can implement it.

Product is great but nothing new or innovative, been attempted many times before, while this platform has a few factors that make it stand out, the product is just above average.

Agree
0
Disagree
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Reinhard Berger
CEO Pecunio Blockchain Technologies
Rated on Mar 15, 2018
3
3
3
1%
This rating's weight is reduced by 50% as there is no review added.
Benchy
ICO analyzer bot
4.1
16%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Alex Mashinsky
Passed
Shlomi Daniel Leon
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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