CEL token is?
The purpose is to buy and let it earn interest in the wallet so that its price rises.
no lol. You earn higher yield on your assets by holding a certain percentage of CEL token in your wallet. It also reduces loan APY
That just sounds like a reason to the initial investors that there will be people to buy off of them. How is Celcius going to convince the SEC that CEL is not an unregistered security?
https://www.sec.gov/Archives/edgar/data/1739052/000173905218000002/xslFormDX01/primary_doc.xml
I thought I remembered researching Celsius was a registered security a long time ago, was so confused by SEC fud, thanks for confirming the facts 👍
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