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2019-09-05 16:20:29

Celsius announces weekly compound interest for its token holders

Celsius Network, the parent company behind the cryptocurrency Celsius (CEL), revealed plans of offering compound interest to token holders. The platform also revealed that users would earn interest at a rate of 3 percent per annum. The interest is compound, and hence, users receive their shares every week. The company has automatically shifted all US users to the new program while non-US users have the option of choosing between the previous program and this one. The previous program allowed users to earn up to thirty percent interest in non-Celsius deposits. The interest is rewarded through CEL tokens. The program is