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Celsius Network sells two-thirds of the $ 15 million share offer on the first day

June 12, 2020

The pioneering application for decentralized financing (DeFi) Celsius Network launched a share offer via Bnktothefuture.

As of press time, the campaign has raised more than $ 10.7 million out of a maximum of $ 15 million exceeded its minimum investment goal of $ 10.5 million.

So far, 39 investors have participatedand there are still 44 days to collect.

Celsius Network sells two-thirds of the $ 15 million share offer on the first dayCelsius Network sells two-thirds of the $ 15 million share offer on the first day

The minimum investment in the Celsius donation round is USD 1,000. The round is open to both US and international investors..

Celsius starts an offer

Total, The offer shows 10% of the capital of the Celsius network, distributed in the form of preference shares A.. The company has already allocated $ 5 million of preferred shares and A1 of $ 5 million of preferred shares to its primary investor.

Celsius founder and CEO Alex Mashinsky discussed the surge on Twitter. specification::

“You helped build brands with them, but if you wanted a stake in it, it was reserved for the few mega-VCs that funded @Uber @Facebook @LinkedIn. You only have to buy them at full price when the IPO takes place. @CelsiusNetwork has opened its A-round for you. “

However, Investing in a company at this stage is very risky and is only available to a select group of early investors.. Most projects in this phase fail, according to Bnktothefuture, and investors cannot sell shares until the company is listed on the stock exchange.

In the company’s speech, Celsius is described as a platform for lending and interest in cryptocurrency.with loans of $ 6.2 billion, assets of $ 630 million and more than 106,000 active purses.

Around 81% of app users have deposited more than once;; The typical customer made an average of 8.21 deposits. Celsius also reports that 91% of its operating days were net positive, meaning that more deposits were processed than withdrawals.

DeFi AUM exceeds USD 1 billion

Last week, DeFiPulse tested a total of $ 1 billion in DeFi protocols for the first time since the violent crash on Black Thursday in mid-March.

While funds locked in DeFi topped $ 1 billion from June 7-9, Bitcoin’s (BTC) rejection of $ 10,000 and the corresponding decline in crypto markets have resulted in the value of DeFi assets under management falling to around $ 965 million.

However, DeFiPulse data does not contain Celsius, as many consider it a central project that only borders on DeFi. If included, the total value of funds blocked in DeFi logs would be closer to $ 1.6 billion.