LONDON, Nov. 25, 2020 /AlexaBlockchain/ – Celsius contributed 25,000 ETH to the Ethereum 2.0 platform, giving it sufficient funds to meet its goal and launch on schedule. The contribution represents Celsius’s larger belief and support for Ethereum and the future of crypto.
Alex Mashinsky, CEO of Celsius, said:
“When Celsius first launched, we looked to Etherum to learn how to create a thriving, robust community. “We built our CEL token on the Ethereum blockchain and used it to scale and become one of the fastest-growing companies in crypto. We are proud to inaugurate the Ethereum 2.0 Genesis and contribute the last building block with 25,000 ETH from the Celsius community and be a helping hand to a company that helped us scale our own project.”
Celsius network announced in a press statement that the 25,000 ETH contributed from Celsius to Ethereum 2.0 are from Celsius’s pool of community assets and will be used to generate even higher yield for the community through Ethereum’s advanced blockchain platform. Celsius users can earn up to 7.21% APY on ETH held in the Celsius wallet, and earn rates from 3-15% APY on over 40 additional cryptocurrencies. Celsius also provides 1% APR loans with no origination fees to ETH holders and other asset users.