Hey guys, im giving you a heads up about CEL Celsius Network, the lending platform. CEL has currently no utiliy whatsoever, and is only trading on idex.

However it has planned exchange listing may 15, one year after ico, this was done to avoid be seen as security as its a US company. Alex Mashinsky , its billionaire and multientrepeneur CEO (more then 3 billion in exits) has stated it will be on one of the top 3 exchanges. This will be announced on consenus where Alex the ceo is a speaker.

Utility will come in action in same timeframe, driving demand.

Fundamentals: Currently has 100 mn usd in deposits, more then 1 billion usd already done in lending, aiming for 200 mn deposits and 2 bn in lending this year. Good luck and DYOR!

https://celsius.network/cel-token-explained/

https://www.youtube.com/watch?v=Ae390R0FWiE&t=550s

Can someone comment on this : https://www.reddit.com/r/RestartEnergy/comments/7rln1i/token_value_estimation_using_power_prices/

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When we buy a red token in ico its value is 0.1 usd , and it has 0,11 KWh stored.

In norway where i live price for 1 kwh is 0.04202. Source: https://www.ssb.no/energi-og-industri/statistikker/elkraftpris (excluding taxes and fees). Ill use 0.04202 usd as value for 1kwh in my calculation:

0,11 Kwh in token x 0.04202 usd value of token= 0,0046222 USD value of token in USD So when you buy 1 token its worth 0,0046222 USD in power price. This is low, even if used the 10x value of stock used in stock marked to estimate stock price, still only value is 0,046222 buit sold as value 0.1 USD. OK

Looking at whitepaper estimated charge of "battery" token in 2020 is 1.88 KW and if using price in norway for 1 KW 0.04202 that would mean a value of token in 2020 is 0.0989976 USD (almost value of ico token price), if use the x10 value way used at stocks it would value token at 0.989976 USD in 2020. Seems low....and not much potential here.

Any comments on this ?

UPDATE: From telegram Admin ; Token will only contain active power so not include price on taxes and tariffs, meaning calculations above is correct

If use this source https://1-stromvergleich.com/electricity-prices-europe/ price is 20.4 cents per kilowatt hour including taxes and fees but admins at telegram said price is without taxes/fees included