Nof FUDing, just trying to understand why anyone would get

Question

Nof FUDing, just trying to understand why anyone would get

CEL to gain more rewards on BUSD. Do the maths, you get less rewards per year in total cause the CEL APY is so low.

Why would anyone get CEL? Any other usecases????

0

10.09.2021

11 ответов

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RFJKZC Wang

Well also if you were holding a bunch of coins/tokens in Celsius, not just BUSD and Cel, wouldn’t holding Cel increase rewards on all those tokens? So it’s not just comparing BUSD rewards vs Cel rewards.

0

10.09.2021

Blue Mew

Capital gains... many of us didnt see the value or use case for CEL over a year ago when it was doing nothing as a penny token. But, those people were just too focused on the short term. Wish I had put more in then I did. But I made out pretty good though.

0

11.09.2021

Xcloud Автор вопроса

Whats the use case of CEL? Why does Celsius eben need his own token?

0

11.09.2021

Xcloud Автор вопроса

Tbh i see no usecase there. Buying CEL actually lowers your APY if you get an APY above 8% on other coins

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11.09.2021

CGYAB89

You need to understand that cel is fixed supply and has built in demand. The more people earn in the cel, the higher the demand each week. It’s a flywheel effect. You don’t need cel token to use Celsius, but many choose to hold cel because the tokenomics are very powerful and will lead to substantial growth.

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11.09.2021

Xcloud Автор вопроса

So pretty much the only thing is good for is for speculative worth, cause al the other things make it not worth it, cause it lowers your apy

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11.09.2021

CGYAB89

It has more use case than that, but I don’t need to spoon feed it to you. At the end of the day everything in the crypto space is based on speculation. You’re free to use celsius for your yield the way you choose end of story.

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11.09.2021

Satisfiend

it's a higher apy

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11.09.2021

EC83

how do you know this is the target APY for CEL?

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11.09.2021

CGYAB89

It's been said in past clubhouse / twitter space events that they want to increase cel token deployment and want to increase cel APY to that range when feesible

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11.09.2021

R C · Accepted Answer

R C

Exactly it makes basically no sense to to do that.

0

10.09.2021

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Nof FUDing, just trying to understand why anyone would get

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