Withdrawal Options
•Option b – Celsius can provide daily or weekly or monthly limit to withdrawals (either in terms of $ value or a % of the total account value) to minimize risk of bank run while slowly opening up to business
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Reward for HODL mode
•Celsius can initiate levels of forced HODL mode with a percentage of funds in HODL mode of say a quarter, a % for a year and % for 5 years with increased rewards for longer period. This will de-risk liquidity issues and potential bank runs in the future.
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CEL as community investor token
•CEL could be used as community investor token with rewards and value attributed to the tokens. The core idea would be to associate CEL with the community and a valuable token community would like to hold.
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Part of the value of the CEL token could be used to fund and manage the Celsius business operations. For example, if we assign 30% of CEL token value to the business, these funds can be used by the company as they deem fit and more the token value increase
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So, CEL can be used as a token not just to reward its community but also to part fund the business.
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Conversion of some of the token/debt to equity
•Convert some of the debt to equity voluntarily to allow for a stake in the growth of the company. This option could be provided to current as well as future Celsius community members
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We want Celsius to succeed. We have seen the power of people on twitter recently with people ready to #CelSqueeze and #hodl.
It’s in your hands to choose the best outcome for Celsius. Don’t let us down
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Genuinely Yours,
Santo
TheTwigg
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Replying to
I feel really bad for everyone who got involved with Celsius. Those who lost their money had a huge punch in the gut but this is an important lesson for everyone that when a company comes around promising double digit interest and claims it is safe / safer, that's a huge red flag
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Celsius didn't pause withdrawals on that day -- Celsius closed its doors to every unsecured lender that gave (yes, gave) them money. At the end of the day, this is just another example of what banking was like before regulations were put in place to protect people.
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Celsius is gone and it will never again allow withdrawals. At this point, there are sharks circling the carcass of this dead company looking to buy up assets for pennies on the dollar (those assets partly being the money that so many put into this company). It absolutely sucks.