Sirwin
Sirwin

Celsius Network Progress Report (Free) 📈

By Cryptoonestop | CryptoOneStop | 16 Dec 2020


Twitter | Starter Pack | Reddit | YouTube | Patreon | Store Front | Earn $250 in Promos

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Disclaimer: Nothing in this report constitutes investment advice—I am just reporting on my accounts and its progress on each platform. You should not use this report to make financial decisions. I recommend you seek professional advice from someone who is authorized to provide investment advice.

Celsius Network

Update

As usual, Celsius Network (CN) continues to make breakthroughs with each report and performing exceptionally well. CN has paid out 100 million USD to the community with average weekly payouts going from 200k to 2.2 million USD.

In DeFi (Decentralized Finance) news, Celsius Network added Compound to its list of supported coins and you currently can earn 7.5% interest. In order to diversify its portfolio, Celsius Network staked 25,000 ETH on ETH 2.0.

Celsius Network vs. Others

Celsius Network is different from Binance, Uniswap, and Coinbase because it is not neutral—it works hard to extract value and gives it back to the community. Binance and other platforms are neutral in that they only want to maximize the number of transactions because they profit off the fees involved. Aside from working in the community’s best interest, CN has superior transparency; they provide many data points for anyone to see such as community size, assets under management, active users, etc.

Transparency

Speaking of transparency, Celsius Network was just audited by Chainalysis, the blockchain analysis company. The data audited ran from June 2018 to the present day and confirms that CN manages 3.31 billion in assets. Information and details from the audit will soon be published and available for anyone to view. The completion of the Chainalysis audit brings CN one step closer to the release of proof of community. In addition, Celsius Network is the first crypto company to do a self audit.

Future Hedge

Again, remember that 20% of all money printed was done so this year alone. The effect of this will present itself in a couple of years. This is not financial advice, but Mashinsky recommends hedging yourself by buying crypto. Since you know that inflation is coming, take a loan from banks with low interest rates today and put it onto Celsius Network, as stablecoins, to earn 10%+ interest. However, if you have debts collecting high interest, you should get a loan with Celsius Network at 1% to pay if off.

Promo Codes

In light of the holiday season, Celsius Network has plenty of promo codes that can be combined for a nice pay out.

Code: USDC20 | Deposit 2000 USD or more in stablecoins and get 20 USD in USDC after holding it for 30 days.

Code: TRUST | Deposit 2000 USD or more in supported asset to get 50 USD in BTC after holding it for 30 days.

I am waiting for my next pay check to deposit 2000 USD worth of USDC to take advantage of these two promos—getting 70 USD in 30 days for a 2000 USD deposit is not bad at all.

The last promo is to write a review for Celsius Network on TrustPilot to earn 20 USD paid out in stablecoin or BTC. Once you write the review, email the link or screenshot of the review to [email protected] to claim your reward.

In total, I will be claiming 90 USD after 30 days—thank you, Celsius Network!

Interest Earned

It has been 4 weeks since my last report on Celsius Network earnings and during that time my account has earned an additional 2988 USD. The price of CEL had a slight pullback and that is reflected in my Total Earnings. You can monitor this Google Sheet where I track all my earnings from a variety of platforms and it gives percent changes.  According to the spreadsheet, my total earnings grew 24% in 4 weeks and I could not be happier with my investment portfolio!

BTC is currently at 18.4k USD and ETH is at 555 USD as of writing this report.

Conclusion & Prospect

Celsius Network is a great platform to earn interest and it continues to perform exceptionally well while maintaining transparency to its community. The platform stays true to its model to first do good then do well, and earning more trust from skeptics.

I am happy to be a Celsian and to be a part of the Celsius Network community. I never thought it would be possible to earn interest just from HODLing my crypto assets for the long run but Celsius Network has made the decision even easier.

With the recent self audit of the platform by Chainalysis, I feel even more confident in Celsius Network. As crypto gain more adoption and awareness, more regulations will begin to surface. With Celsius Network staying ahead of the game, I know my assets are in good hands as I continue to HODL towards financial freedom and eventually, early retirement.

What I Am Doing

This section is dedicated to paid subscribers as I will go into details of what moves I am making with my interest-earning portfolios.

You are currently reading the Free Version. If you would like more information, please consider switching to a paid subscription.

Each week I will report on a different interest-earning platform that I use—mainly, Celsius NetworkBitrueCrypto.com, and BlockFi.

If you are new to crypto or have considered joining new platforms, check out this referral sheet which organizes everything into a simple chart—you can earn over 250 USD in bonuses!

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CryptoOneStop
CryptoOneStop

Accredited Investor | Digital Asset Consultant | Keto Diet Adherent | Part Time Market Analyst | PharmD | Former Writer for Altcoin Magazine

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