Celsius Network Hits $17M in Funding With BNKtotheFuture — Fundraising Will Remain Open For The Over 200 Investors Still In The Queue On The Platform

Celsius Network has reached its prolonged fundraising aim of $17,000,000 with over 700 certified traders from all around the world chipping in on the BNKtotheFutue fundraising platform.  Initially set at $15,000,000, Celsius prolonged the fundraising to match the overwhelming demand from the group.

“We’re honoured that over 700 certified traders have already put their religion in us, and are dedicated to retaining the increase open for as many extra members of our group as attainable. This can be a pure step for Celsius which follows our 2018 ICO the place over 1,500 customers assist fund the launch of our firm,” said Celsius Network CEO Alex Mashinsky.

Whereas they completed their already prolonged aim, Celsius Network will go away the fundraising open to accommodate the 200+ certified traders nonetheless ready to be onboarded. The firm will launch extra fairness as these new investments come in, so no former investments might be diluted.

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Celsius Network made the choice to crowdsource its fundraising as a result of it aligned intently with its mission of bringing monetary providers and choices usually solely accessible by the 1 per cent to everybody.

With this present spherical of fundraising closing on July 26, qualifying traders are nonetheless in a position to make investments as little as $1,000 USD to realize fairness publicity in Celsius.  Investors can examine in the event that they qualify to take a position by signing up at BnktotheFuture right here.

BnktotheFuture CEO Simon Dixon says:

“Working along with Celsius we’ve been in a position to launch an modern fairness fundraising marketing campaign that may allow Celsius to develop sooner in disrupting the debt markets utilizing crypto as collateral. Over 700 traders are actually fairness holders in Celsius and we’re blissful so as to add them to our portfolio with others comparable to Kraken, BitFinex, BitStamp, Coinbase and lots of others that constructed our business.”

Final month, Celsius Network introduced its lead investor, www.Tether.to, that invested $10M in the corporate.

Celsius Network addresses the monetary wants of at the moment’s customers worldwide by means of reward revenue and low-cost loans accessible by way of a cell app. Constructed on the idea that monetary providers ought to solely do what’s in the very best pursuits of the depositor group, Celsius is a Blockchain-based no-fee platform the place membership supplies entry to curated monetary providers that aren’t obtainable by means of conventional monetary establishments.

Additionally printed on Medium.

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