The founder of the Crypto Payment Network Celsius gave his wife a large part of the token supply, Reduce their enormous involvement in the process.
The CEO of Celsius, Alex Mashinsky, gave his wife Krissy 15 million CEL tokens as a birthday present valued at an estimated $ 20 million at current price.
I gave my wife @KrissyMashinsky a very special gift of 15,000,000 CEL tokens for her very special birthday. She went through everything with me and ALWAYS supported me, even when I made silly mistakes. I love you Krissy and couldn’t have done it @CelsiusNetwork without you. https://t.co/CXdzUBpH9k
– Alex Mashinsky © ️ (@Mashinsky) October 25, 2020
The move changed the balance of the list of top CEL token holdersas observed by the Twitter user ‘Kevin – HODL‘(@Crypto_Flippin). Mashinsky is still at the top but now his wife would be the third largest token holder on the list.
The community has been considering the token swap, and a Twitter user named “bitcoin_giraffe” has explained so he claimed::
“What worries me most is the amount it has. It gives a whole new definition to the whale. “
Moving seems a little unusual, like under the Marriage Act (unless there is a marriage agreement) She is entitled to half of Mashinsky’s fortune anyway. Krissy Machinsky runs a company called USA strong What uses blockchain to ensure that products purportedly made in the US are actually made.
Celsius, who completed a successful $ 50 million coin offering in March 2018, is a centralized crypto lending platform with a mobile application that allows users to earn interest in stable coins and a range of cryptocurrencies.
The platform lends out loans from a range of customers and issues loans backed by crypto collateral to institutional customers while capturing the interest rate differential. 80% of the generated returns are paid to members and the community, 20% to Celsius.
These are essentially DeFi-style loans that are regulatory compliance and CEO Mashinsky in control.
In June 2020, Celsius completed a crypto community fundraiser for $ 20 million. Mashinsky did not inform private shareholders about the gift. According to the official website, processed more than $ 8.2 billion in loanshas over 200,000 active users and nearly $ 1.6 billion in community assets.
CEL token prices have done well lately, hitting an all-time high of $ 1.38 on October 10th.to Coingecko. Since the start of the year, CEL tokens have risen 880% to their current price of $ 1.33. There are currently 361 million tokens in circulation out of a total of 695 million.