Celsius AMA September 10th 2021

Video Statistics and Information

Video
Captions Word Cloud
Reddit Comments

Please use THIS FORM to submit your questions for the weekly Celsius AMA streaming LIVE every Friday at 1 pm EST. Don't forget to provide your referral codes and take a chance to earn a reward!

๐Ÿ‘๏ธŽ︎ 1 ๐Ÿ‘ค๏ธŽ︎ u/mrakomarko ๐Ÿ“…๏ธŽ︎ Sep 10 2021 ๐Ÿ—ซ︎ replies

So, celsius claims that charging everyone except for california 25% (loss of APY plus the additional 1%) interest on bitcoin loans is for our own benefit? Come onโ€ฆ

๐Ÿ‘๏ธŽ︎ 1 ๐Ÿ‘ค๏ธŽ︎ u/seekret ๐Ÿ“…๏ธŽ︎ Sep 10 2021 ๐Ÿ—ซ︎ replies
Captions
[Music] hello hi guys september 10th live from new york here returning guest leah and we have zach with us as well zach is in miami i think yes yes i love everybody yeah beautiful miami representing celsius out here yeah you attended some big conference there right the mining conference or yeah um since now that celsius is such a big player in mining you know the the big guys want to talk to us so we shook some shook some hands and made some connections great how many sell how many celsius employees you had with you over there like how there was five joining us from san francisco right hey everybody a returning uh guest as well and oren was in another conference where you guys are like covering uh west coast all the way to the east coast right we got the whole country covered so where you are you were in uh yeah i was at a defy retreat in malibu california uh so just uh north of l.a what the d5 people invite us i thought we were not welcome with the d5 client oh come on with welcome arms i mean uh celsius was definitely we're getting what's fun is talking with d5 people who are either they're all about d5 but almost all of them have an account with celsius so right so you're very popular over there right yeah it was it was a nice feeling it was a nice feeling to represent and then carl was with you right i mean yeah you guys also had pretty good coverage and um excellent so so what's the defy uh community saying what's what's the feeling considering all the crazy projects everybody launching a new project every day how how are they what are they seeing as a future yeah just i mean there's tons of excitement i would say that there was a fair amount of interest um like one of the things was you know today everything is about decentralization and uh being anonymous there's definitely we're starting to see more and more projects start to introduce the concept of identity so this was of how can you you know the whole concept of crypto in general is trustless um but there are some disadvantages to trustlessness right and and you know we see a lot of uh things like you know very over collateralized lending and things like that and and that's not necessarily capital efficient and so i think the industry is exploring how can you preserve some of the benefits of decentralization um but also uh establish some kind of identity and trust so anyway right how do you keep decentralized but still look like celsius that's what you're saying yeah i mean i mean that's that's that's uh absolutely and i i think there was kind of broad recognition that you know centralization gives you a ton of benefits and i think you know centralization kind of maybe it can get a bad rap but it gets a bad rap because there are bad actors who are centralized right but i think everybody knows we have our you know our customers best interest in mine so besides shirts that say huddle celsius that you can get on our swag store we should make pants and one side of the pan would be c5 one side of the pen would be d fight they always say how we have one leg and d fine one leg and see like the most popular like thing there they have the best swag right out there yeah they they they give out sunglasses we had this on stage in miami i almost fell off the stage yeah he was he was riding that thing around down here at the bitcoin conference and we're like please alex don't break your neck okay give it home at least but this board you can get the huddle board as well and it ships all over the world now so definitely uh go for it if you're a big uh skateboard fan you know people definitely are uh stopping me everywhere like what where'd you get this thing i'm like i make it i don't get it anyway uh but and then lee also you you're gonna attend a bunch of know conference conference season is back in full swing i feel like i think in 2018 we attended something like 19 conferences and after that i was like i'm kind of conferenced out and then obviously 2020 we didn't go to any and i really missed it so i'm excited to get kind of back um in front of people and so next week what are we doing next week we have uh new york we have digital asset summit in new york works digital asset summit that's one and then we have uh i heart music festival which is um in vegas yeah that's nice in vegas much less of a conference but obviously since we partnered with them um we're going you know on their invite which will be really fun um and then we come back and we have missouri so uh i think a lot of people are coming to new york over the next couple weeks the schedule's starting to get booked up um but it'll be really really awesome to see everybody again yeah and we we're going to try to pull together at least a dinner or something for celsius if you are in new york or a vegas uh again go to our events page on our home page and you'll see announcements there as far as get togethers and and things like that also we're opening a vegas office so i'm hoping to uh entertain some of you there as well not open yet but is it is opening i think i think they're just signing we need to meet always the lease is right now yeah we're going to meet our team members but we're talking about celsius being invited as well so they're you know people watching us right now also um we are working with bank to the future i know i have an announcement that we won't be able to do stuff with them but i think there is a way uh maybe to make it work so so i'm taking it back and we are definitely working the details leah it's yeah every day i think we're like we're doing everything we possibly can to make that happen it just comes down to alignment and timing but we've been in touch with simon and their team and they've been absolutely awesome um and kind of you know problem-solving with us and being really um you know on both sides to to get a solution worked out yep and since uh uh oren is in california he's actually testing the swap features so how is that coming along are you are you excited is that everything you promised are you still working some bugs yeah yeah yeah i mean i'm super excited about it because uh yeah i mean like a lot of our customers if you want to move from one token to another uh today you don't have there's no option in the app until until now so yeah we're working on getting this out to people doing a lot of testing um just like we do with everything we release um but yeah it's it's amazing and it has no fees as promised absolutely yeah no fees i mean it's and what we're doing is really doing tons of testing on the the pricing just to make sure that we're what we're seeing is is actually uh you know the best or among the best pricing that you can get out there um and yeah this is you know we've we're users we're employees we're you know we're part of the crypto community and uh so hopefully hopefully we're we're operating just like everybody we have the same expectations as our customer base so excellent all right so again we're going to answer a lot of questions today uh so direct your questions to oren or leah again leo deals with all the partnerships uh oren focuses more on the credit card on the swap feature on some of our other strategic initiatives uh but all he runs also all of our innovation uh labs so also definitely has a lot of finger and a lot of pies so if you want to know more detail about any of those things he can give you the details on every one of those projects and again you want to know about mining zach is now the pro he's like you know he answered probably a thousand questions in the booth in the last few days this was a bit main event right it's uh it's their annual conference right um and i learned a lot about how like mining production operates and these miners have to be bought out six nine months ahead of time because the demand is so strong and the procurement and everything but i mean bitmain is coming out with some great solutions but there's a lot of serious business people down here that are buying up miners right and we have uh again tens of thousands of bitmain miners uh cranking already doing uh hard work uh minting uh a bitcoin fresh virgin bitcoin for the community so uh we love that and we're adding uh much more capacity and again we're gonna have a big announcement i was hoping to it will be out but it will be next week so it's not out this week but we'll have a big announcement about our mining business and i'm sure people a lot of people are going to be surprised at the size that celsius has managed uh put together in one year right we went from no mining to full mining so um so the the stool has uh six legs and each leg is getting fatter and fatter as soon as it's gonna be just like you know so the the yield machine is just uh we're killing it on the yield right uh we have numbers like what's what's the numbers for the week oh our stats i don't have any mining numbers but i wanted to give a shout out to patrick holler for helping build this whole mining operation um and i got to learn a lot about our business there and in the future plan so i'm excited to talk about that you have a segment with him on stage right he's now we don't need a machine he's a superstar yeah yeah let's so let's play that for a sec let's uh give him some credit on oh we got no audio still no we just get to see a stage presence you know yes again this is the bit main event we're obviously one of the partners and uh so patrick got to do a keynote uh a silent keynote you know just password so we can see can we can we at least can we see him let's see his outfit we can read it i think he always dresses up better than me you know it's like uh yeah for sure all roads lead to the centralization you see i've seen that before somewhere all right so so let's let's look at the weekly stats let's just go through that um i think obviously the week before was like a killer week 500 million uh uh but these are still phenomenal numbers i think registrations are probably at the record high inflows are still net transfer over 300 million and you can see uh um [Music] basically uh ada i think was still number one right we don't have it here listed in dollar terms but i think for the last two weeks uh ada was uh either number one or number two uh in absolute dollar terms so definitely thank you thank you for all the cardano fans there's a lot of overlap between celsius and the cardana community and we love that a lot of people taking loans against their ada and these are just the daily daily numbers so for those of you who keep track and want to do the math to see if celsius accelerating or not uh again we are shooting to the moon we might get there before elon musk you know and because our numbers are just getting better and better so we need a partnership slide like of the growth you you knew you're going to be on the show i don't know all right next week elias is still on the show which we're going to do it from we're going to from vegas yeah and leah's going to prepare for you uh uh what do you think some stats yeah a partnership i did last week i i told everybody you did 5 700 something and 16 growth in a year seven 5 sixteen percent growth so not setting the bar high for myself but exactly excuse me um so definitely crazy numbers all around obviously again a lot of this has to do with this of the growth of the crypto community but i think celsius is still growing faster than most other players right if you look at the overall growth i mean that's the point though like as as the crypto community grows the and our partners grow with it we're able to kind of um you know benefit from that our community does as well right but we grew from a billion to 25 billion that's a 25 times growth and most people grew three four times five times you know and so on so again missouri ranked uh celsius the top performing uh token last year and and uh there's a very good reason for that right so all right so uh what else do we have to cover we have a lot of other news yeah i would say um the one thing that people are asking about was um the promo codes um there's been some bugs with that hoping to speak on that um so that everyone knows what's going on there sure so so obviously we do again we we we should have done a better job uh explaining to people how to use the promo codes of the referral code so what we're doing right now we're going to send an email blast to everybody with the detail we're also going to put it on our website it's going to be in the faq and so all that will clarify how to use it best so you don't need to reach out to customer service or ask for a special request or whatever there are bugs like for example you make you send us some coins you then take a loan the loan negates or cancels your promo code so we are fixing that so there's a few fixes and there's few best practices between those two it should cover all of the issues and again we apologize again everybody gets paid it's not it's just going to take a few days for customer service to deal with everybody we're talking about tens of thousands of people i mean obviously the response has been phenomenal and all we've done is reactivate codes we used to have right so instead of people having to put four hundred dollars now you can get an award even with a hundred dollars right so uh so it kind of covers a broader set of the population uh and uh all of it is uh great news so here are all the promo codes and again you can uh see them are also available on our website so uh definitely but we can below this we will add all the best practices like how do you do this best again some of these apply to all users some of them apply only to first-time users so you have to pay attention uh to use the right one that applies to you and uh and you know here we are and yeah so we had uh we still have two uh campaigns going we have the million user campaign i got this little bell here every time we hit a million customers we're gonna bring the pedal and i've got the names of our million we'll do the names in a second we're jumping because okay so 21 million satoshi again send us your uh uh uh story right share with us here's three or four examples of people who already posted on on twitter so share with us your story we're gonna hopefully put it in or share show it to everybody on on our youtube channel as well as on our amas and the million that we the million uh user campaign that we ran right we promised 10 winners we announced one who was the millionth user but now we have the million and one through a million and nine right so zach drum roll or billing let's go take it away okay so we've got uh blessings amok who we um announced last week from nigeria congratulations we got uh leoniso from the us um in new jersey we've got brian from california u.s carlos from argentina nabil um from serene um waisu from nigeria michael from australia terrence from tennessee dylan from new york and roderick from florida congratulations everybody right so we have 10 winners a thousand dollars each they already got notified by emails if you're uh if you got that email you want you're one of the winners the reason we have few nigerians is not because you know they sent us letters those letters of the nigerians guys say it's because leah did a partnership with paxfall very good yeah when they when they released paxful cranked up all of the they launched it in nigeria right to them they had a large presence in africa i think one of the most important things about that was it really aligned with the kind of underbanked that we have a lot of people say that in crypto and it's kind of just lip service so right exactly and we we uh said several times that we don't have enough presence in africa and south america so the this partnership was very important for us and they have six million users worldwide mostly outside of the united states so this was a perfect kind of way for us to expand and give more uh and unlike ftx and crypto.com who went and got all the top celebs right and they spent hundreds of millions of dollars giving rich people more money we're gonna do the opposite we're gonna sponsor a little league uh several little league school uh baseball teams and they are our heroes they are our celebs we're going to share the videos and uh that's what we're putting our money we either give it to you guys or we're going to give it to we're not going to give it to brady or next next generation yeah please thank you next all right so uh um it's just hilarious when i see those i mean the cute ads i gotta admit but but still it's like uh it's crazy money that uh is not going to the community right all those dollars obviously not finding the way to to the community i can tell you nook is in the tampa and is very upset that uh tom brady is cheating on him so he's gonna he's gonna be something special let's wait and see what he comes up with and but it's coming all right so uh so i didn't want to touch on the um right we have three kind of main services right uh earn yield take a loan and swaps and all of those are really intended to again help you end up with more coins what does it mean more coins if you take a loan you don't sell your coins right if you didn't take the loan you have to sell them and then whatever you bought you bought it with bitcoin instead of buying it with dollars that are depreciating in value um you have uh coins they're sitting idle in your in your coinbase account move them over they're going to earn yield that means more coins right you're earning more coins and swaps like oren told you no fees no spreads no transaction fees no withdrawal fees right all these fees that other people charge you none of that with celsius which means more coins right you end up with more coins so no matter what you do with us you end up with more coins why it works for me i love it right i have hundreds of millions of dollars on the platform i don't spend any fees i end up with more coins i take loans so uh like we always say you know we we build it for ourselves and a million people showed up so now 100 should i do the bell again or no no no no more i thought every time we said the word million no just kidding all right so so um mo coins with celsius you know that's our new slogan there's more coins more coins oh what was it that's a that's a good one we'll start making those shirts mo coins celsius no celsius i i thought the community loved my dead jokes you know it's like only only my makeup my younger employees are i think it's not cool but everybody else thinks it's cool all right so uh so we had we had a nice video right uh i think tom prepared a cool tom and uh right we have a when we talking about taking back power it's really not even from the government it's really from corporations that dominate our lives and that system right does not work for 95 of the people on the planet why because the banks control all the money in the world we talk about all the money in the world how hard do you think they're gonna fight to make sure that they keep the profit instead of giving the profits back to you right so we're building a different system it will fulfill the vision of what the original system was supposed to do but was overcome with greed and and corruption the point is is for us to be successful for us meaning the community we need to enable as many opportunities possible right this is about the people it's about what giving the power back to the people building a platform that hopefully will outlive me that will do everything for the people by the people not profit motivated not profit-centric but rather measuring the success by the size of the community you feel every morning that you're one step from your community that you're changing the world this is an opportunity you don't get anywhere just in celsius it sounds crazy but you can do well and you can do good at the same time yeah so good to see thousands and thousands of celsius at all the different events and and not next week but for uh we're planning a physical event in new york where uh we're taking uh like uh whatever we're gonna invite two or three hundred people and and and have just a just a celsius party uh so that's coming uh huh we finally meet the whole team like we used to do we used to we're gonna keep trying for it um so so that's coming as well again watch our uh events page you'll see it posted there and if you want to come to new york or you live in new york i want to travel to new york you welcome the admission one free ticket to new york to a celsius yeah that's a good idea okay one person gets a free ticket from anywhere all right we'll raffle that uh um uh yeah i'm sure it's gonna be a nigerian winner you know but not hope it is i hope it is i don't know it's from some barbary to the world right but uh at this event we uh uh we you do have a secret uh password that you have to say when you come in i'm not gonna say what it is we're gonna see if you guys uh find out but there is an entry password you have to show something you have to guess what is that going to be and uh and we'll keep it going all right well alex i thought we were in the the game of lowering the barrier not raising the barrier what's up with that i'm not raising i'm not saying you have to have a million dollars in your account i'm just saying you know you have to show uh something bring a friend you have to uh you have to do something with celsius you know again you have to do good first then you do well so if you don't share the love you don't tell other people and if you're just thinking about yourself and you just want to enrich yourself then you're not as a real celsius you're just a fake celsius you're just here at the end of the back of the bus uh taking a free ride right so um so you do have to do something it's not it's not a lot just something all right so um we talked about almost everything on the list already wow look at that so zach you had a bunch of news i'm i'm excited about uh ukraine uh announcing uh bitcoin uh you know yeah yeah you made a phone call to the homies back home yeah let's make a few phone calls to make that happen but um okay let me share my screen and then uh we'll show these news articles so um here's a ukraine story boom ukraine legalize bitcoin yeah so again that's great news i think more and more countries are recognizing that this is an opportunity other countries and the imf and other uh the bis all these banks are telling you it's a bad thing right it's a it's a negative but el salvador ukraine other places are saying no you know what we can actually if we bring this community here we're going to have gdp we're going to have economic growth people are going to want to come and live here and work here so let's take the advantage of this opportunity and and use it in a positive way instead of uh in a negative way so that's what we're seeing worldwide and uh that's what the the mayor of miami said yesterday he said i want to make miami the the center of the crypto economy in this country and he was very very pro about making his city as available to this new industry as possible which is just so refreshing that's right tampa and miami are competing very fiercely over uh we chose tampa uh we already hired i think 15 people there we were aiming to have a hundred people in in tampa we have i think how many people we have in miami permanent people we have like six or seven people there right uh live around miami but but tampa is definitely going to be one of our big centers uh and uh new car cto move there permanently and and definitely a big bet on it and but you showed some other let's finish the news so we can do the questions afterwards uh so again obviously again uh the coinbase was in the news i think um it's great that coinbase is joining the yield uh revolution it's good to see them uh trying to pay their community as i said several times in the past i don't think they'll be paying you anything if celsius did not exist so i'm happy to see them kind of at least trying and we'll see uh we'll see what comes out of their uh uh you know of their effort all right next uh next tab there if i could just ask like um you know a lot of users were concerned is this going to affect us or or how is celsius different uh what have you always said on that yeah so look we we spent we invented this category right so we spend much more time than anyone else in the world more than d5 more than any c5 platform all the traditional finance grinding through this thinking about what's legal what's not legal talking to regulators so i think uh some of the people who are just joining now are rushing to catch up with celsius and and they're just ripping a little bit because they're uh they're not they didn't have the time to do the homework and do it right so so i think you know uh again it sounds like we wish them uh badly uh i'm cheering again for coinbase i'm cheering for block fight we want them to uh nothing bad that happens to them is good for celsius right so we want them to do well uh but uh there's definitely a difference between celsius and some of the other companies do you think yeah i know i was just gonna say you know for many of these companies it's the future not a product so you know the amount of time and effort it takes to really think these things through um takes a lot of time and effort right and we're now like 520 people and we've been working on this for more than five years right we launched four years ago but we've been working on it for five years again twice as long as d5 if i didn't exist two and a half years ago so uh and we'll continue to do that again if any regulator comes to us tomorrow and says hey you should change this you should change that we obviously gonna do it yeah so this is tom brady again great commercial with his wife and a bunch of celebs celebrating uh he probably got paid a million dollars for one tweet or whatever i don't know how much he gets paid but i know the kardashians are charging about a million per tweet so uh or per post so if you haven't seen the commercial go watch it just don't move your coins i think they'll do much better uh with celsius than uh with any of these celebs uh all right next step el salvador all right so so a lot of people were thinking somehow that or uh conspiracy conspiracy theories were flying around that on the day that el salvador actually made bitcoin legal or started providing the exchange ability uh bitcoin crashed and theorem crashed and uh you know i i debunked uh i've tried to debunk uh those uh rumors because uh you know manipulators uh in the market the ones who the traders have tried to uh uh short or press against bitcoin and ethereum we're basically mostly looking at how many long positions how many people are leveraged long and the minute that chart went to new all-time high it actually crossed the may 2021 numbers for a few hours and they were like okay okay it might be even a bot it might be a computer that triggered that started heavy selling which triggered liquidations which triggered this correction that we have now if you follow my twitter you'll see me warning you a few days before volatility resistance at 53 000 if you have leverage take it off and so on so on and uh i told you it was a smooth sailing from 29 000 to 53 000 we're now retrenching it's not clear where we're going here we need to see more volume there's not enough volume either to go up or down so we're probably going to need few more days to see where we're going from here but if we have volume up we should see new resistance around the 60 000 level if we break through that smooth sailing to a hundred thousand okay so if not we may revisit lower numbers until we accumulate enough new users right so again a lot of people joining crypto long term this is not a problem it's just a question of how much time does it take all right last article i have here yeah oh the ball is in charge well that's what they're saying right i love these these articles they come out on the day the bitcoin crashes on the day that we haven't corrected you know so like uh uh i was telling you we're going to uh you know 50 something thousand when we were going way down right so so i think uh um yes there's a lot of formulas there's a lot of uh uh you know predictions here if you're a long-term player none of that matters right if you average in if you buy a little bit of coins every week or every month none of this matters right you should you can ignore it you're earning yield while you are waiting so none of that matters and we had one i was on banter news right there you have that video as well and uh uh yes shakti has that let's have shaq do that so we were both on the coins episode and on okay we're going to uh you know we're going to break to over 100 000 this year i did amend my uh projection of 140 to 160 000 to happen in q1 not in i said by the end of the year because of the china miners uh debacle that pushed us over by one quarter maybe two quarters but i'm sticking with that blow off top 140 to 160 000 first half of next year and right now we got to break through that 60 000 resistance so that was yesterday on banter news if you're not following ron on banter news you should great show great guest is always up to the minute and they have several shows every day so uh definitely one of the kind of ogs you can follow and this is the coins uh uh not that many right if we count back we'll we'll count amazon and google and and maybe a few more but you can count them on one hand or maybe two hands and it's basically the same thing is going to happen with the ico boom the 2017 boom uh where very few several great companies have come out of that period and those are also the best performers yes there were 10 000 icos and most of them were bad but the good companies have created a lot of value for a lot of participants all right so that covers all the news right uh we're pretty much done with that and and now we're on to the questions so zach is going to pick your questions don't forget to put your codes direct them to oren or leah and let's uh we'll cover we hopefully hit a new record who knows you know record is 34 right i think always pushing for record questions um okay us in here with you on your questions record questions one million questions incoming so we need to get a tally of all the questions that have ever been answered on uh on the amas someone please go through the videos and add those up that'd be great okay a good question here from eduardo um and i was actually talking to our lonesome about this um when could we bring zero percent loans to everybody not just uh california and uk it's foreign okay yeah i wasn't wasn't sure yeah so um just one important note for people to be aware of is that there are some jurisdictions where you're actually it's very complicated to offer a zero percent loan um so that's just let's start with that uh the second thing is that what we found in talking to some users is that when you talk about a zero percent loan you actually people's alarm bells go off wait a second what do you mean zero percent how's that even possible so just you know putting in a one percent or a nominal amount like what we charge today makes people feel more comfortable that this is like a real product and we see that more from people who are kind of new to crypto um but yeah our you know we're not uh the aprs that we charge on loans are not that's not a big source of revenue for the company um and and i think just something for people to keep just like reinforcing this idea is that revenue we make goes back to our customers right in the so uh so very important to keep in mind but yeah we'll we're trying to push all of our costs all fees everything down to zero and the the rewards in the other direction right we do keep enough money to pay salaries and be profitable but we're not just squeezing everything for the shareholders right that's different exactly all right a question from nicholas here asking leah asking leah what would your dream partnership be for celsius uh that's a really good question um i think that you know in my mind when i look at where our partnerships program is going it's um that bridge between traditional and crypto and not just traditional in terms of like financial um but also you know in the larger tech schemes so i think that i'm not gonna throw out names um but i would say like if you look at any of the you know biggest tech platforms you use today most of them have internal wallets um and the ability for someone to earn like for example if you like looked at uber and you like sat and you have money on your uber app um that you use for rides it's just sitting there in the meantime so the ability to earn on that um it would be a great opportunity so uber can shout out to me if they want things like that you know the the crossover all right everyone tag uber let them know you know don't let that balance just sit there and do nothing my favorite company in the world know all of the partnerships all of the mega deals that you guys want to find out so i'm surprised you're not asking them hard questions you got to hit them with hard questions about like okay you know what's the first letter of the second partnership well i don't know what i know i'm not in so much trouble i i just want to say that all of these partners like we we work out we work on the tech side we work on the product side to make you know everything seamless um and if that means that we have to delay an announcement a week or two to make the product you know the best it can be than we do and alex is over here every week i have a tourette's sim syndrome so i have an excuse a paradigm what what did somebody just say so now i just leaked another one you know and but uh paxful is an example right you announce paxful yeah powder no maxwell is uh is uh it's a great partnership i just took a very long time how long it took from starting so long but i think the other thing is that you know we're all scaling up right now the partnership team is scaling up massively um and part of that is kind of the growing pains of of getting those people on ramped um but in the end getting more of those partnerships out because it's not just me anymore it's not a single person yeah big team all right next question okay um get back to the product side radix asking for an update on the credit card and any um details that you could share on that product yeah so i mean we're we're making progress on it i i can't tell you how many hours uh how many hours a week we're spending working on this we have so many people inside the company working actively on it developers marketing operations legal um but uh i think uh we we will be able to announce uh more details soon but but yeah we're working really hard on it i think this is kind of it's very similar to what leo was just talking about so much work goes into these initiatives and when we're working with partners to bring this stuff to market there are a lot of restrictions that are in place about how we talk about it and when we talk about it there needs to be coordination with the partners so um we're we're uh again as users we are just as excited as the community to get these things out um but we need to do it the right way and a shout out to the community alex is already living in the future and these all of these partnerships and products are already live and he is just like waiting and it's coming out of it and he wants to tell everybody and he wants to deliver for the community so that's where alex is always coming from is about delivering oh that's great you know for all these people who live in the present you know it's like hey let's go let's go but we do i'll mention another name just to put everybody in trouble you know so uh circle is another partner that we're working closely with and oren is uh definitely doing everything he can to get that up and running which will obviously help there's a lot of things circle does and they're a great partner they're the issuer of usdc they're they do on-ramps they do all kind of other stuff so obviously right now the experience we have in the wallet where you have to do double kyc and it's not at ach and all the uh wire transfer not as smooth as it should be so a lot of that is is stuff that we're working on and we're waiting for oren to give us a final launch date but at least when he's finished testing the swaps i think he can start focusing on that so a question i'm right about that after uh apps swaps come live is fiat on wrap the next big release on the roadmap yeah i mean just look i'm trying to think across because we have so many initiatives going on right now but um yeah maybe it may be a good way to for people to think about what we're working on i put it into two buckets so one of them is the strategy um there's this amazing guy on our team wasim i think he was on our ama last week but he he wrote a great blog post on it it's called interoperability and and the concept is you know crypto's an incredible incredible innovation obviously everybody on this listening to this and on the show is uh is a big fan but like you need a way to use your crypto right or you want a way to use your crypto and interoperability is a strategy about how can we make that as seamless you know you you don't even have to worry about it you can go back and forth between crypto and fiat uh you can do that with um sending payments you can do that with buying crypto you can do that with your paycheck you can do that with lots of lots of things so interoperability is about making that back and forth simple that's like uh one of our big umbrella strategies the other one is about defy and decentralized or decentralization generally and uh about making maybe we'll talk about that one more later but to answer the person's question what's next on the interoperability strategy is absolutely after swaps is gonna be uh is a uh drastic improvement on our on-ramps um and uh i think there's another one i think right behind swaps that everybody is interested in and i think it's fundamental to the growth of the company um so yeah and a big demand on that side if possible um a way for users to dollar cost average in i know there's a lot of people that want to throw in 5 or 10 or 20 a week or a day and that would be extremely helpful if if that's something we can integrate yeah and more yeah i talked about this on the last day of may we're gonna do even better than that right which is uh dollar cost averaging like in in the world of trading dollar cost averaging and still choosing a a very specific moment in time to make a purchase right so like what if you happen to dollar cost average at a peak or a valley right i mean you don't know when when that microsecond is that's going to be the best price and so the way that professional investors do this is they take that big order and they spread it into tons of little orders and they do it there's a an execution strategy called volume weighted average pricing and and this is the right this is what everybody does who's a professional investor and we were you know what uh celsius wants to do just across the board we're trying to take things that were usually only available to to a very small uh portion of the population and we're trying to give access to that kind of functionality to people so uh it's gonna help people right the point is to give it to them in an automated way that they don't even know what they're using but they don't have to worry about it execution because we're not trying to grab all of that we're trying to actually deliver most of it to the community again exactly huge use of celsius i'm like thank you oren give me that weighted average execution for free keep giving to me you know so so that's really the the main difference between how we do it and how everybody else does it right exactly you look at coinbase you look at all these other companies that they're bragging about how they're making billions of dollars in profit right then and you have to ask yourself okay where is all that profit made and it's made on all these things that we're giving you for free so we close one loophole after the next we're closing those doors uh from uh others taking uh these commissions from you right so it just takes a little bit of time right i mean again all we want to make sure it's fully tested we'll make sure there's no bugs no hacks every day you hear about a hack or a bug or a scam or whatever and celsius today has managed to avoid most of these right almost all of them and and that's really the big difference between us and everybody else we're in a hurry but we're not in a hurry to the point where we will risk the platform or risk our best practices or security or anything else all right fantastic exploding earth is asking can you speak a little bit about your partnership with chain link and how that relationship will grow in the future okay yeah uh so yeah chain link is like you know i've heard them kind of referred to as like a blue chip i mean they're definitely like a building block um uh in crypto and into centralized finance and i think like the work that uh they're doing is is really fundamental to the growth of the industry so celsius today uses them as a price oracle so if people aren't familiar with what that means they're basically an independent party that will verify uh some piece of information so most of the time when we talk about a price oracle that piece of information is price and and the kind of breakthrough in crypto generally and and specifically with chain link is that uh the source of their data and uh is completely verifiable right it's not it's not it's not behind uh behind a a wall right you can see it you can verify it yourself um and companies all throughout crypto use chain link for this purpose and so that's what we're using or working with chain link we already work with them today um what we're doing in the future is linked to our one of our second strategies which is about so i talked about interoperability and or kind of bridge into the fiat world and the second strategy is really about decentralized finance and or decentralization and how can celsius make more elements of decentralization directly available to our users obviously we think that there are some things that centralized service providers can do better and some customers really appreciate those things but there's some parts of decentralized finance that are that we think we want to give our customers access to so i can't talk about the specifics about what we're working on on this defy this new define initiatives i think carl has been on these amas carl and i work really closely together um but chain link is going to be very very very involved in that um and yeah maybe i'll i'll stop there yeah so so we we announced ccip or cross chain interval ability protocol so if you think of d5 as d5 1.0 we're already working on 2.0 and on 3.0 right so so we are uh trying to basically bring d5 to a whole new level again enable cross-chain capabilities enable any asset or any liquidity to be available instantly and a lot of it also has to do with that price discovery right but because like when oren is going to deliver swaps for you uh we have to beat the price or match the price that chain link is giving you and the price they're giving you is the best price it's saying this is the best price that the industry has can you beat it and we're going to show it to you we're going to show you on the website in the app in the web app any transaction before you do the transaction you'll be able to see not just what we're quoting you not just our competitors rate but also the chain link uh thermometer right the level that you know okay i trust chain link i know they're neutral i trust celsius too but here is a second verification and and our job is to deliver even better price than that which is very very hard right it's not easy and and and if we can do that consistently then again all those are trust deposits with our community that enable more and more people to use it next question okay cece's asking um warren will fiat on wraps eventually be extended to different fiat currencies so to our european and aussie dollar and all other currencies around the world yeah yeah definitely eventually um you know the that conference that i was just at definitely talking about this this relationship between crypto and and the dollar um you had some people take this position that bitcoin is actually great for the dollar because if you look at it the the or crypto is great for the dollar what's the number one cryptocurrency it's stable coins right um there's more stable coins than really anything else um but so definitely like dollars are is going to be the focus for a variety of reasons um but new you know the whole the whole objective of celsius is that i mean i think most people have had this experience of getting into crypto is like crypto beats you over the head with the how and the technicalities and it's a puzzle piece and like one of our the things that what i love about celsius's approach is we're trying to take away that complexity and give you the stuff that matters so you won't have to worry about what currency what currencies we support you just go you want to do something it's easy to do not a complex process so long answer short answer is usd first other currencies shortly thereafter and if you have if if people the more we hear from our community about the currencies that they're interested in the better that is that really helps us in terms of prioritization so please please tell please speak to us yes tag us on twitter let us know what fiat currencies we should bring on um that's how we get a lot of information is directly from the community okay lucas is asking leah can you update us on the line partnership and how that benefits celsius as well as any other mega deals we can look forward to please spill the beans legally stop lying i'm gonna have to get i'm gonna have to get a t-shirt that says mega deals only um um yeah so we talked to line um in their teams i think probably weekly um so both of their exchanges bit max and bitfront use our services um but our is with lines so the opportunities expand that partnership are definitely wide reaching and being discussed consistently um look i think that there is a ton of innovators within their within their company that that we're exploring different opportunities with um in terms of the mega deals uh i know that there's definitely um been some hints dropped there will be a few coming out in the next you know a couple months um but like i said before we're also scaling up our team right now um so the ability for us to execute even more will be will be coming down the line yeah but so line is uh 680 million customers that's more than paypal more than uh venmo more than most of most the companies you're familiar with but they're concentrated in countries that have very strict regulatory requirements like japan for example so to get approval or move forward in japan takes a long time now again the great news we already launched the service so now it's about scaling it and making it more broadly available to a bigger part of the population and that's what the leader in parts of there and our team yep yeah so we are integrating more and more functions and again for us it's all about enabling a broader set of customers to have access not just to the yield business but also to loans swaps like everything we're introducing also leah then goes and offers it like a buffet menu to all of her partners so so it's not just announcing uh new partners it's also getting exactly and 5716 growth so if you're not giving her credit for that if you're just asking for new mega deals and those phenomenal numbers that we're showing you every week a lot of that comes from partners and and uh and so again there's a lot of things you have to do um we do wanna would you just smash the the like button subscribe share it because if you want this content to be youtube only pushes it out if enough people uh like it and subscribe so definitely uh do it how many people we have watching right now wow a little over 1300 right now which is good yeah so so yeah so we should have at least 1300 likes on the 13 000 no uh and and uh so i see a lot of questions also related to again we we're not gonna answer uh legal questions about the sec we just can't uh you know like sec our big boys the legal guys they know the profession they're professionals we don't think there's anything bad and intentional there they're doing their job and the job is to ask questions and everybody's job is to provide good answers if you have bad answers you're going to be in trouble if you have good answers you're going to be just fine so uh next question okay kyle's asking uh alex i've met resistance bringing people onto celsius because they think it's too good to be true how would you convince people to give it a shot especially with all the recent news my my dad was an example of this it took him a long time to kind of accept crypto um and i think in the community when everything makes so much sense to us if someone kind of doesn't believe that uh a product or a product is too good to be true or that you know crypto is a scam um we just kind of shut down the conversation like okay you're not listening to me it takes some time to convince them and and we want to be welcoming to like new people not you know kind of yeah and now we have a hundred competitors they're not as good as celsius but we have a hundred competitors running trying to do the same thing so so the when we were the only ones it was very hard to convince people now that they're hearing all these other names the question is not can you earn eight percent the question is do i use coinbase and they're offering four percent or do i use celsius and they're offering eight percent or whatever right those are the it's more about who is the best provider by the way uh uh zach we were in a wall street journal you missed that uh you know oh yeah i think you've been overwhelmed with that but uh you know instead of bragging about how celsius is like front page over there you like uh put it in uh you know when you're when you're that big you know you just let it the headlines speak for themselves you know you got nothing to say about it so okay here i'm sharing my school right now that's right the wall street journal is not even a contender right so so was there it's an article about uh oh is this not us oh no this is a this is that our friends over at the dream celsius yeah there's uh uh that's the what do you call i think that's the dream company right yeah yeah they're great people over there okay here we go yeah so there was an article about d5 i think that came out like last night or something i'm not sure it's this one either but anyway there was a good i don't know there was an article about landing that came out uh yesterday the wall street journal does require subscription so but we were nicely mentioned they they give us credit for being the largest one and the oldest one and uh they gave a bunch of examples of why is it it's a good thing for people to use the cryptos collateral to buy other assets right assets that again you you a lot of companies a lot of our competitors are trying to get you to spend your bitcoin spend your ethereum that's less coins celsius is trying to do everything with having you have more coins not less coins so don't fall for those scams don't fall for those tricks uh uh every transaction you make especially with your coins you have to think about am i going to end up with more coins or am i going to end up with less coins so those are really the main considerations for any purchase or exchange or transaction that you're thinking about that's a that's a good um a good saying get more coins with celsius you know that's what you do that's what we do mo coins ammo mo coins mo coins end of the second is prorated so we we're uh uh we we get to we get to put the coins to work right away your bank takes three days to put your dollars into your account right they hold them for three days make money on it for three days that's not celsius that's your bank don't you know don't put a snack yeah don't put us in that category okay okay a question earlier came up um from let's eat well um he was asking about is celsius entering the nft market and are we able to monetize nfts in order to generate yields or do loans so currently i don't know of a way to monetize or yield of nfts but we are definitely looking at ways to lend against nft so the rate's probably going to be higher but we are looking that market is definitely growing if you remember last year we were talking about this and i said the market is not mature enough the market is definitely matured now the question is what are the ltvs what are the rates and again we have a team working on that no no secrets we can't tell you everything right now but we definitely are looking to basically enable people to borrow against their nfts as well as their other digital assets okay um i'm getting a lot of questions about swag giveaways uh teller's asking when will celsius us users be able to oh wait i'm sorry that was the wrong one um here we go total totals asking uh would celsius give lucky hauling celsius a shirt um or a merch adam by random i think that would be cool to do a weekly merch giveaway we can do we should do like a custom piece of merch every week so at the events we're definitely gonna give uh like shirts and other things that we're doing uh like the new york event which is probably i don't know two or three weeks away and other ones so definitely uh that's coming as far as uh again you can buy the merch online we do it at cost so it's actually pretty low cost there's a link on our home page or you go to usastrong.io and they're all usa made made by u.s companies that are so we're helping uh uh dozens and dozens of local manufacturers with uh placing the orders with them not from china not from whatever and uh so either come to an event and get it for free or order it online and support usa small business all right david's asking um are we planning to expand the team in any asian countries and how are they or like 7am and 8pm calls on a consistent basis so does orange so right and look we have uh several people on australia employees we have several people in hong kong we have uh a few people in the philippines uh where else in asia i'm thinking uh we have a guy in japan we have one guy in japan right when when is he starting actually his first day is when yeah he he's there um yeah he's right there he's i think his official day in a few days is his official first day so we are it doesn't matter where you are if you have relevant experience and uh you want to be part of the tech team or the like again the innovation team with oren or partnership team with leah they're everybody in our team zach's team dr zach is on corporate team uh you guys have a few people in australia right or where are you yeah yeah we do uh australia uk us right so so we have openings we have hundreds of openings right so this is more about convincing us why you want to be a cell sin why you want to join the team what are your skill sets not much less about which country you're in right like if you're in the ukraine and you're like hey thanks for that you know like thanks for uh helping get this uh bitcoin thing going here i'm gonna uh i'm gonna do local atms i'm gonna do local mining i'm gonna do whatever great pitch us on your idea we'll work with you we don't have all the ideas we're looking for new ideas we're looking for people ideas and why you should be associated why we should add you to the team a passion passion yeah yeah good yeah just just one thing to add to that because we end up interviewing you know tons of people is um you know one of the things i tell i say to people is we'd like to see a demonstrated interest you know i remember when i was talking alex before i joined he said oren you have to be ready to push the button right that means you have to you know put yourself out there you have to not only say that you're passionate about crypto but like how do i see that right and and you know if you say well i own bitcoin okay that's interesting right but like what what have you done with that what kind of analyses have you done what kind of networks or communities have you built uh things like that so that kind of stuff is really powerful to us because it shows you can take that passion and convert it into something right and that's what what we're doing here right we're taking ideas and we're putting them together into products that we get out to our customers so yeah and same thing with zach i mean zach was like i'm gonna drive i don't know how many hours i'm gonna come to vegas and help you guys in the booth you don't have to pay me i'm gonna trail you the whole day and uh whatever the whole week where as long as we were there and and you then you decide if you want me on your team or you don't want me on your team so that that kind of commitment leo the same way right i think i brought an investor before like i made an introduction before i even joined the team yeah right so that's the kind of people we want because then i have to spend less time or other people have to spend less time managing everybody right because everybody's they have the commitment exactly everybody's coming up with ideas instead of waiting for instructions right so so all of that is uh everybody's a chief in celsius you know we we don't have any indians only chiefs yeah that's i would say that is a huge thing like um on our teams it's like it's made of people that go out and start doing things not people that are just waiting for instructions or being wait told what to do um and i think you and the other management has really encouraged that so i mean that's what's going on was the same way yeah i took a bus from boston showed up in my office he's like hi i want to come and work here who are you i think that's like a trickle-down thing right because i think that you know alex and daniel always empowered me to like you know go after things that i wanted to go after and that is how i want to lead my team so it really comes in the top and i think that's what like is the heart and soul celsius culture and we have job mobility i mean again zach was uh you know in the marketing team he was in customer service he was in uh partnerships now he's in the corporate side so a great example of of again you learn a lot of skills and and and you move forward and you you know so definitely it's not like you're joining celsius in one place and you're going to stay there for the rest of your life it's also like a really tough right like so we it's very demanding so it's important that we all find a place that is kind of taps in that passion for us to keep this going all right next question okay uh celsius asking um oren what was your path to celsius how did you find about the company and why did you join see so path to celsius i mean i've worked in product in kind of product development for most of my career um i spent a little bit over a decade in capital markets and trading technology not the not the most i mean there's there's parts of it that are interesting but but uh crypto as soon as i learned about crypto uh like that you know for me just uh inherently interesting right so something i'm just passionate about and so kind of jumped into it um and uh and then so how did i hear about celsius i heard about celsius when i was i was the uh ceo of a small exchange in the u.s and i was at literally at the water cooler and a bunch of people were sitting around the water cooler talking about what they do with their crypto and uh and i still remember these guys talking about oh yeah i'm earning x percent in with my crypto i'm like what how how is that possible and uh yeah a few a few clicks later i i joined them and then started watching the amas and uh reached out to alex and a few other people at the company and here here we are yeah here we are okay uh kryptonite's asking um alex what was your impact on the legalization of bitcoin in ukraine um your birthplace admit it don't be shy well i called putin no just kidding look again i i was actually betting on uh uruguay and few other smaller countries that don't necessarily have their own currency ukraine moved much faster uh than expected uh i did have some conversation with people in belarus in the ukraine a few other places uh but i think this wasn't me or somebody else whispering in somebody's ear i think uh uh the ukrainian government is looking to make uh to rebuild the economy there and detach itself from kind of the old industries that it used to be part of like they used to make nuclear weapons they used for russia right they used to make their their big agricultural uh uh components so they're trying to really there's a huge amount of outsourcing like there's a lot of great talent over there programmers and tech innovation but you know this is this is an important pillar that they're serious about so i'm super excited that that this is coming and i already pinged the bunch of people in our team uh to see how we can partner right what can we do to both support uh i was born in ukraine for those of you who don't know right i grew up i was seven years old when i left there but still i mean my birth place and uh uh still have obviously a special place in my heart for for the ukraine and it's a lot of suffering there right now still a lot of suffering obviously because of covet but also because of the war and everything else that's going on so reviving that economy giving young people an opportunity those are the things that obviously are important for me and we're gonna make it happen one way another we're gonna make it happen next question all right uh chris is asking leah and lee has been a founding team member she was there at the very beginning uh what keeps you working at celsius i'm guessing it's not the money yeah i i think that there's a big misconception um from people especially outside of crypto about people's motivation of to be in crypto and that they're after like you know a big payday that's that's not what keeps you like that's not what gets you up at 6am for calls um it goes far beyond that i think that in a lot of ways it's seeing getting excited about the dream coming through every single day like that's that excites me every single day and i think that that will never you know stop and seeing that come to fruition is so fulfilling um and getting to pass it on to others and see a new generation of like celsius employees get that excitement too uh that's a never-ending spring of energy and like you know passion so and we have a thank you letter we want to share with everybody right so let's bring that up we usually try to one a week we get many many every week but here's one example absolutely uh the user says alex this is just a quick and simple email to say thank you i have only recently joined celsius and in the short time i can see you are a company that can be trusted not a sentence that normally can be said so well done uh i have since moved not only my personal crypto over to celsius but also my super annuation fund i am literally all in with celsius and i don't have an ounce to worry about my only regret is i did not find crypto in celsius a lot sooner than i did regards g yeah and obviously we protect people's names so uh we ask people permission you can uh trust us not to reveal if you don't want us to reveal your name or not even read your letter that's fine too we don't uh so feel free feel comfortable to share with us your experience your story uh we do wanna create again and share success stories so we invite everybody to share but if you just want to do it on a one-on-one basis we will keep it confidential and zach now works for the for the group that does all of these superannuation and corporates and riaa and 401ks and all these different very variants so if you want to know does your company qualify or can you move your account uh all of that again we have a link on the website for corporate uh onboarding on the celsius pro and go ahead and fill up the form and we'll help you uh get on board right yeah you get the same great services as a an ordinary retail account but for your legal entity your fund your you know whatever you're operating so a ton of opportunity there follow those links on the website and apply uh okay a question here from oren uh kryptonite's asking how much time will be left for users to accept um the offered swap price when it shows up i think on that demo we saw it expires after five or ten seconds um is that how we is that just the price updating yeah that's exactly right so the you know there's a you're basically getting a quote for a price and anybody who's looked at how fast the crypto markets move understands that that price can only be valid for a pretty short period of time but it's going to be a number of seconds so it'll be enough time for you to click on the price and accept it or or pass or wait for the next quote um and so yeah i think again this is something if you look at our competitors and how they do it they will often they might give you a longer period of time but they pad that price significantly right and and let me tell you you don't get a refund if they get a better price right so we're showing you the best price that you can get at that at that moment in time you know for a couple of seconds and yeah click the button if you like it and don't if you don't so that's so saying like competitors will show you a price but have a ton of room above that or below that to make sure that they don't sell something wrong where we're doing it much much closer to the actual market price yeah so like let's say you want to buy and the price is uh 10 and in the you know let's say they quote you that 10 for a minute um well if the price drops to nine and they're able to buy it for nine in the market and sell it to you uh they are able to sell it to you for nine but do they know they sell it to you for 10 and guess who keeps that difference them right so the way we do it is we're showing you a quote for a shorter period of time and so you know that that is a valid that's a good price at that time um so this is again there's like a million little details like this that we're paying attention to and making sure that we get right yeah great uh answer and shock i think you had some slides for us the we had a slide showing kind of the growth of the users and so let's share that just share with people here are the timelines you can see it's kind of like a steep hill uh you know kind of accelerating hockey stick uh and obviously again we're growing the community uh faster and faster we also started to spend more money now in marketing versus uh because we got more and more products finished so uh so you're gonna see an acceleration there and any other slides will miss anything oh a big one here yeah earn and sell um it's in development right now i think we're targeting the first or second week of october for those accredited users in in the us you'll be able to earn those rewards and sell i'll be doing that for sure um and i encourage everyone to qualify to see if they'll be able to do that is that what seem on the boat which doesn't look like this uh i think it's oren on the bottom and this is uh look at that oh somebody stuck it somebody caught you in action look at that yes i was trying to show off this uh very well made and fashionable usa strong bag uh so the huddle shout out two bags all right everywhere right you got it on your shirt you got it on your bag everywhere right it's uh did you get it tattooed on your arm too or no oh yeah in the process yeah all right uh [Music] i think this one's already up oh yeah so some comment you had on on the market with all those liquidations that took place uh on what tuesday yeah so again we always keep enough liquidity on the sidelines so even though there was uh a lot of volatility celsius didn't have uh uh any issues we we had one large withdrawal i think was 130 million 135 um right i i mean a single big withdrawal oh yeah yeah one of i think that uh you're referring that part withdrawal we didn't have any problem uh fulfilling it uh the celsius always have enough liquidity on hand and again when you have that 25 billion dollars or whatever the number is today uh no number is uh big right i mean because the overall assets that we have are are tremendous so so this volatility again is good for us we get to charge more money we actually have to raise the rates to many of the institutions and uh you hear the sirens on the street right there going crazy um and uh so we earn more money and when we earn more money we pay more so that's what you should expect is a higher payout next question okay uh mr prior is asking um how's the book going do we have a title yet dad jokes for life uh we yeah it has a lot of pages already i'm uh i'm working on it we can't reveal the title or anything like that but if you want us to include a specific stories or quotes or whatever definitely send it over it will help with ideas help fill up the different chapters uh so send the anything you want to include in the book ceo at celsius.network here's your contact info and also as always if you have a loan or question about a loan or anything like that loans at celsius and otc down to you can do an otc transaction five thousand dollar minimum and uh um you know here we are and then general inquiry is app at celsius.network all right all right uh more questions more questions okay just a reminder we will have the twitter spaces uh with josh right after the show keep the conversation going um and then question here from fabricio asking you previously worked at an advisor to avalanche do you think celsius could benefit by using the avax bridge to ethereum to reduce gas fees sure yeah there's there's an incredible number of new layer ones and layer two side chains there's a little bit of a debate about what to call these things um one of the things that a fundamental thing that we think about in addition to keeping our customers best interest in mind is security and i think when when you're looking at any kind of bridge to another chain it's really incredibly important that you have a strong you know a strong understanding of the security model for that bridge right because basically what's happening in that bridge is you're taking your asset and you're you're giving it to that bridge right and then that bridge is minting an equivalent you know some kind of replica asset on on the new chain um so can we use these absolutely do we use these in in some of our when we're going out and trying to earn uh earn yield we absolutely use them today um in terms of using them for our customers if there is so if you're saying like you're interested in seeing you want to be able to move your assets to a new chain yeah please reach out to us we'd love to hear more about the use cases that you have in mind this definitely definitely um falls under under that umbrella i was talking about before about our d5 strategy um and and maybe the the bigger strategy for celsius overall is you don't have to worry about it right like my guess is like you're going to a new chain for a purpose for a use case we don't want you to have to worry about are we using a bridge is it a decentralized bridge is it centralized is you know the signers the holders of the keys for that bridge is that k of n you don't have to worry about any of that stuff it's just going to be seamless hey i want to i wanna do you know i wanna use audios on solana i wanna use curve on avalanche um whatever it is you know we wanna we wanna make sure that you can do that as long as the security model is in line with our standards all right um willow happy birthday it's it's one of the community i'm getting the birthday shout outs um okay uh nick here's asking um will you open your mining service to retail customers similar to genesis mining and i kind of see like holding your your bitcoin with celsius in a way you are participating in mining uh what do you think about that well so for a small uh user like if you have uh one machine a few machines that's just not enough right i mean you can compete with the big boys that now have hundreds of thousands of machines so i feel again if you're uh if you're not willing to invest in large infrastructure uh participating through it in a diversified way like again celsius has six different ways of earning yield on bitcoin that is a much safer bet than um you know going with or against genesis mining or somebody else and placing all your bets on on the mining business so um what matters is your yield what is your effective yield you know are your assets safe what's your investment right so you have to put all that into consideration and uh you know for most people uh the way celsius does it is probably a better way there are a few people that can do it themselves and they don't need us but for most people offering something that they cannot get themselves yeah okay and one thing i wanted to mention before we end the show is tomorrow is the 20-year anniversary of 9 11. um and then alex i think you had lost someone in that event but we're hoping you could say a few words about that and and just kind of speak to the community sure no it's definitely um you know uh it's definitely that event definitely changed my life and many other lives and i've lived here in new york for 30 something years and and uh my good friend hagai shafi who passed he was on the roof of i think it was tower one and he was trying to there were helicopters hovering and i know he was trying to uh no they didn't they didn't grab anybody they couldn't save anybody but he did manage to leave a message for me for his wife on the roof right before the building came down and and uh um so he's always in uh in my thoughts in my heart and um you know september 11th is definitely an event that changed the world and and we have to always uh remember it as something that uh for good and for bad right obviously uh it created chaos in the entire world but it also shows you that nothing is given right that basically what we have uh you should treasure every day you should you should not take it for granted and and uh we also obviously wish peace for everybody we're not uh even though i served in the military we don't believe in war so no one wins at war you know uh so um and go visit the memorial you know i'm my boyfriend's a firefighter so all the fdny and nypd this week i think are you know having memorials remember remembering everybody that was lost and i think it's incredible to see them like come together and the city come together over it right because several i think several engines got wiped out like the entire team was in tower one or tower two as they collapse so um [Music] yeah so i you know like i what i did after uh september 11th was try to again build that wireless service in the subways that was a project that was born because uh september 11th because you know hundreds of thousands of people were stuck without communication they were stuck in the tunnels and i took it on myself to make sure that we fixed that problem uh it took whatever more than a decade but we got it working so and now uh every new yorker in in the storm just few weeks ago people got stuck uh what was a week ago people got stuck and they were all in the subways uh weathering the storm and using they all had five five bars you know on their phones so so very happy that we got that done with transit wireless and uh all right thanks everybody for joining again oren leah zach uh shaq you know tom bethany everybody who helps put the show together every week and again we're here we're working for you we we our job is to make sure your assets are safe your your help you achieve your uh life's dream and we'll see you next week out of vegas will be joining us in vegas join us in person if you're there we'll give you the address see you next week bye guys [Music] you
Info
Channel: Celsius Network
Views: 15,780
Rating: 4.9667945 out of 5
Keywords: Alex Mashinsky, AMA
Id: lc8crMFnRgY
Channel Id: undefined
Length: 90min 26sec (5426 seconds)
Published: Fri Sep 10 2021
Related Videos
Note
Please note that this website is currently a work in progress! Lots of interesting data and statistics to come.