Celsius ICO

The Future of Consumer Credit

Celsius Network is a New York-based fintech startup hoping to become the future of consumer credit The proprietary technology developed by the firm is based on the Ethereum blockchain and it extends instant credit to interested parties through a decentralized peer-to-peer (p2p) network. The p2p network is akin to a membership organization and consists of both lenders and borrowers; users must complete their Celsius profile in order to join the Celsius Network. These Celsius profiles are dynamic and change according to the users’ history on the platform. The platform then proceeds to match borrowers with lenders by determining borrower credit limits and interest rates with accepting lenders. Smart technology is then used to bind the lender-borrower relationship. Borrowers’ metrics are ascertained using the Celsius score - a digital credit score calculated using various metrics such as FICO scores, mortgage histories as well as non-traditional ones such as Uber and Amazon transaction

2.9 out of 5

2.9

Celsius ICO rating
Celsius coin (token) sale
Status
Ended
ICO start date:
2018-01-20
ICO end date:
2018-02-20
Token
DEG
Price
Platform
Ethereum
Accepting
ETH
Soft cap
Undefined
Hard cap
100000000 USD
ICO country
Not selected

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About Celsius ICO

Celsius is a global membership organization offering peer-to-peer loans. It extends instant credit to borrowers through a lending ecosystem that matches borrowers with lenders based on Celsius scores - a digital credit score compiled by Celsius.

Built on the ethereum blockchain, the Celsius platform uses smart contracts to bind the borrower-lender relationship. The NYC-based fintech startup hopes to be the future of consumer credit on a global scale and hopes to bring about the blockchain revolution. Celsius acts on the best interest of its entire membership and not just the lenders, unlike traditional banking institutions.

The currency enabling use of the Celsius network is the Degree coin (DEG). Having a DEG coin will grant access to the Celsius membership organization and ecosystem. This will allow you to make a loan as a lender, or take out a loan as a borrower.

Celsius hopes to extend credit to the large pockets of population that are underserved by the traditional banks - the young adult population that came of age during the most-recent financial crisis as well as lived through the EU debt crisis. This group of people account for the largest generation with the weakest buying power (of recent time) and are currently being penalized for the malpractices of their preceding generations. Celsius hopes to develop a unique product that is designed specifically for them and conducive to their success as well as their future generations’ success.

Celsius Network is led by serial entrepreneur Alex Mashinsky founder of Transit Wireless and Arbinet — two of New York’s top startups in the past two decades.

Celsius Team

Alex Mashinsky

CEO

S. Daniel Leon

President and COO

David Brill

General Counsel

Nuke Goldstein

CTO

John Arce

Head of marketing Asia

Diana Joy

Community Manager

Mališa Pušonja

Blockchain Architect

Matt Auger

Operation Manager

Antun Debak

Product Design

Fleura Shiyanova

Investor Relations

Sadia Sarwar

Content Manager

Koffi Nyonator

Celsius London & Africa - Director


Celsius Advisors

Moshe Hogeg

Founder & Co-CEO at Sirin Labs

Jeff Pulver

Industry Pioneer

Chris Dannen

Business Strategy

Miko Matsumura

Co-founder at Evercoin

Elliot Noma

Algorithm/AI Developer

Anton Dzyatkovsky

CEO of MicroMoney

Ivan Bjelajac

Operating Director at GoDaddy / Partner MVP Workshop

Celsius Roadmap

October 25, 2017

Pre TGE starts

December 15, 2017

Smart contract published

January 20, 2018

Celcius beta launch

January 25, 2018

TGE

May 2018

Celcius partner credit card

August 2018

Celcius credit score system approved by the members

October 2018

Protection and insurance of transactions

January 2019

Fully established Celcius as a self-sustaining, self-governing institutions

Financial

Celsius token info

Token DEG
Platform Ethereum

Coin price Undefined

Investment info

Accepting ETH
Equity on offer Undefined

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