Celsius, the company offering CEL tokens, has deposited around $1 billion with BitGo as deposits. The 2017’s initial coin offering (ICO) craze was the big boom that the industry needed after years of obscurity. However, it was also mired in many controversies since many scams were involved, and most didn’t deliver any useful product. Nonetheless, not everything went down the drain! Celsius, a NY based startup that racked up more than fifty million dollars ($50) in May 2018 is showing positive signs of growth. The project involved the sale of CEL tokens which borrowers can earn as their interest payments.
