Hello crypto fan! How are you? Hope you're doing well.
Today I'm going to talk about a project that I find really interesting
It's Celsius
and I'm going to tell you why I think it's so interesting.
At the beginning I was a kind of doubtfully about it
But gradually when I start to look in detail
I realize that this project
could do great things.
It could be really successful
And so I'm going to tell you why I think that
Celsius, what is it? It's a company
who lend Fiat currency
And to get this loan, with interests of course,
you have to put crypto currencies as collateral
Ok? You may say that
you don't really use lends,
you're not interesting in ask for a lend,
but look at it like this: you live in a country which have a legislation,
where do you pay taxes, right?
You do pay, ok?
The majority of the world's countries have taxes
when we sell our crypto currencies.
We have to pay between 10% and 50%, or even more
And that's depending of the legislation of the country.
You hace a lot of people that is not converting crypto into Fiat
because at the time that they change big amounts of crypto into Fiat
they have to pay 30,40 or 50% of taxes,
right?
What happen then? Those people are not able to use
their money, their cryptocurrencies.
And here is the interest,
there is really a lot of people in this same scenario
A lot of people would love to use Fiat
whithout losing half of the value
into taxes
And Celsius is answering that
They're not the only one doing this,
there is SALT, and ETHLend as well.
Let's have a look to SALT
to have a basis of comparison.
This is the chart of SALT
we can see that on september 29th it was at $6.91
and now it worth $4.26
But ICO price was $0.89 per token
so it made a 7x, and even 15x here,
and now is 5x.
So it's a great performance.
ETHlend we have something similar,
here it was at $0.015
and climbed to $0.36 making 36x
Now it worth $0.08/$0.09.
Those are projects doing really good currently
And we have to look some other things,
and that's a point that I think is a key point
so listen carefully reporting to this
because it going to change your perception about Celsius
One of the big problems that are finding ETHLend and SALT
is that they have very low liquidity.
They are depending of the people lending to get their liquidity.
So they are huge waitlists
to obtain those lends.
But Celsius is going to make something different,
they're going to make available the money they will collect
in the crowdsale to make lends.
Celsius hardcap is $50M
but $20M from those $50M
are going to be directly available
to guarantee liquidity for lends.
Besides they already
have a MVP, that is actually more than a MVP
because is already running.
So there you have what the MVP, that they call Beta but
I personally consider it an Alpha because not all the functions are ready to use,
at least not perceptible in the video.
But we can see how somebody is registering on this Alpha.
We also see how this person is...
Ther is a KYC here
There is a profile, and he's sending funds
on Celsius's wallet
and we can verify all of this on Etherscan test net,
that means it's operational.
And then we can see him withdraw the funds
Let's see if I can find the moment on the video, here we go:
He is withdrawing a specific amount
And here you have the transacion
Is withdrawing those ETH from his Celsius's wallet.
So it's already here, there is a MVP, an Alpha running.
Concerning the team,
they are 2 persons that are "top profiles"
2 persons that I consider "top profiles": Alex Mashinsky
who receives a lot of awards
and is famous in the world of entrepreneurship,
and have been pioneer
in a lot of importants projects.
So Alex Mashinsky have an important network
and is the founder and CEO of Celsius.
Ross Gottesman was director at MasterCard for 3 years
and he also worked for 3 years at American Express
So he has been working for large companies
and having director experience for 3 years at Mastercard,
so a really good profil as well
They have a technical team, with quite few
blockchain's profil, backend engineer, etc.
This must be double checked in details,
I didn't look at everyone's profil
But it would be interesting to have a look on it.
Regarding their crowdsale system,
they will sell token at $0.3
and $0.2 at pre-sale
It also to be considerate
that the pre-sale's allocation expected is higher
than the one for the crowdsale.
I think is 70% for pre-sale and 30% for crowdsale.
And it's not clear if they will
swing not solded tokens form the pre-sale in the crowdsale.
Is a possibility
But anyway they also explained that they will burn all the remaining tokens
and that's a good thing.
Crowdsale's starting in 10 days, we're still on pre-sale
there's still 20% bonus available
in the pre-sale and that's very interesting.
If we look over here,
loan reserves is $20 209 500 :
that is what is going to be available to make lends
As you have seen the Alpha is already well on track.
There is still 1 month remaining
and I think they'll have enough time
to get all ready.
At least that's what is wrote on their roadmap,
they say that in a month they will start lending.
With those $20M raised during pre-sale and crowdsale
So it's very positive.
One of the key points at the moment to make an investment,
what is safer regarding an investment,
is to look how many adoption the project is going to have
how many users are going to use the wallet of this project.
Here is the added value in medium to long term of a project
I'm looking less and less at the hype,
the shill, the FOMO
Because all of those are just using the same
mechanisms as passing fad: come and go.
But that's not what gives added value at the project,
users gives value to the project
So in this case,
when we look like this,
and we see a project with a huge value
at long term
if we consider the adoption that is going to have or already have,
but with a devalued token,
being inconsistent with :
there is a medium to long term opportunity right?
This is what I consider Hold,
there is where we can make profits with a minimal of efforts
because we had this information,
get into the project and just wait
6 month or 1 year or whatever we want to sell the token.
So I think Celsius is one of those projects
because is a genuine need that the others
solutions on the market (ETHLend and SALT)
are not responding enough to the demand
and Celsius
found the solution regarding the liquidity
by providing themselves the founds to lend
in a first time.
That's very positive.
Token will be se for different things:
they explained it in the whitepaper,
we can deposit
cryptocurrencies into Celsius's wallet
so we must have CEL token (that's the Celsius token).
Yon become a community member when having CEL,
and then you can ask for a lend
leaving cryptocurrencies as collateral
and you also need to have CEL for this
as the ability to get a discount for the interest.
So all of those are different the uses
that will allow CEL token.
Regarding the roadmap,
we was talking about the volume of adoption
and the velocity wich it would be adopted.
We can see that in April 2018,
believing their roadmap,
They say : Token Generation Event and dollar borrowing against crypto collateral enabled.
That's mean they're going to distribute tokens in April
And they will enable
the lend of Fiat
with crypto in April 2018
and we are 5th March, so in 1 month
Really fast timing
We can have token really fast
and it will have an adoption really fast.
There is for today's video, I hope you like it
Celsius is a project that I believe in,
that I going to invest in.
This video is not a call or an invitation
to invest, sincerely do whatever you want,
I don't care,
if you don't want to invest Celsius don't do it
I just comunicate
what I think is a good project
in wich I'm not only doing a video
but personally invest
I'm a investor firstly and I don't get paid nether do sponsoring
Even if I get offer sponsoring I refused,
you can contact me and propose a sponsoring to me
I will kindly and politely invite you to go somewhere else
Ok?
Here I think is a good opportunity
and because I think that is a good opportunity
and I'm investing on it, I spread it to other people.
I'm not a financial advisor,
I'm just a guy
on internet, investing
and giving his opinion because he want to.
I'm not a professional
in financial advisement
I'm not and I dont give financial advisor
It's just my opinion and you can do whatever you want with it
but I do strongly recommend you
to analyse by yourself the project and
assume all the risks.
Never invest something that you can not assume to loose.
Have a nice day and see you soon !
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