Celsius Network is a democratized interest income and lending platform which lets its users borrow or lend crypto holdings. They have also recently announced launch the 4.0 version of their app which includes some cool upgrades.
Supporting new cryptocurrencies
Users can now stake their EOS tokens and receive weekly returns from staking on top of the weekly interest users will receive for holding their tokens on the platform. Celsius initially supported DASH, followed by Orbs in staking.
Also, one of the most awaited update is the support for four new stablecoin assets from TrustToken. True Great Britain Pound (TGBP), True Australian Dollar (TAUD), True Canadian Dollar (TCAD), and True Hong Kong Dollar (THKD). Moreover, Celsius now supports 24 crypto assets on the app in total.
New referral program
Previously, in order for existing and the new user they referred will receive $10 in BTC immediately after depositing $1,000+ and then an additional sign up bonus of $10 after the deposit of $1,000+ is kept in the account for at least 90 days.
The new referral program is a bit easier to achieve compared to the previous one. Celsius users who refer friends or new users will now earn $10 in BTC when friends deposit $200 or more with their new Celsius account.
Join Celsius Network using our referral code 169810239a when signing up and earn $10 in BTC with your first deposit of $200 or more!
Enhanced Loan Process
This update also includes some major enhancements to Celsius’s in-app loan process. Borrowers now have all their loan details in the palm of their hands, and users are now able to complete interest payments, track margin calls, and access secure financial information directly through their app.
Celcius wants to provide its borrowers with even greater transparency and accessibility so they aim to roll out instant loan approval and a fully automated borrowing process in the next couple of weeks.
Moreover, there is one important note that Celsius Team mentioned in their announcement.
“It’s important for members to know loan applications will only be available through the latest version of the Celsius app. If you have NOT updated your app to the latest version, you will NOT have access to loan applications through the app.”