Celsius Network announces crypto-backed lending platform

Celsius Network has launched a Peer-to-Peer financial lending system using blockchain technology to connect cryptocurrency holders to loans backed by their digital assets, the company said.

Celsius´ mission is to revolutionize the flawed financial lending system and to bring the next 100 million people into crypto.

Celsius Network has officially launched its Crowdsale, a new way to fundraise capital from the crypto community by pre-selling the Celsius tokens.

Celsius is a community-based P2P Proof-of-Stake startup providing borrowing and lending to digital currency holders. Members of the Celsius network will be able to receive loans in dollars using their digital currency as collateral. In the future, members will also be able to deposit their digital currency into their Celsius wallet in order to earn interest when their coins are lent out. Celsius plans to bring a new wave of financial products to the digital currency market. Products that are designed to work in the best interest of its members instead of trying to make as much profit as possible.