What is a Celsius token?

The Celsius Token, abbreviated as CEL, serves as the cornerstone of the Celsius Network. This digital asset is designed to power the platform's innovative lending and borrowing ecosystem, catering to a diverse range of users within the Celsius community.

The creation of CEL tokens stems from the vision of fostering a value-driven environment where members can harness the potential of their digital assets. By integrating CEL into the Celsius Network's offerings, the platform aims to enhance the overall user experience and foster a sense of community among its members.

One of the key benefits offered by CEL tokens is the ability for members to leverage their holdings as collateral for dollar-denominated loans. This feature allows users to unlock the liquidity of their cryptocurrency investments without having to sell them, preserving their long-term growth potential.

BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of digital asset enthusiasts. Among its offerings, BTCC provides spot trading, allowing users to buy and sell cryptocurrencies at current market prices.

Additionally, BTCC boasts a robust futures trading platform, enabling traders to speculate on the future prices of various cryptocurrencies. This feature attracts professional traders and investors seeking to capitalize on market movements.