CEL, the cryptocurrency of Celsius Network, allows users to take out loans, make payments, and gain additional loyalty rewards.
CEL, on the other hand, is primarily utilized as a reward mechanism for users who access the Celsius Network, as well as a collateral currency for loans.
Instead of selecting competing cryptocurrencies, CEL holders enjoy additional benefits by utilizing the coin to make lower loan payments or receive better returns.
CEL is an Ethereum-based currency that can be exchanged for other Ethereum-based tokens like ETH and DAI. Furthermore, using its payment service CelPay, CEL may be transferred to other users inside the Celsius network without incurring transaction costs. So, Celsius seems real and safe to invest in.