{"id":99249,"date":"2020-10-28T09:02:56","date_gmt":"2020-10-28T06:02:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/celsius-network-founder-gifts-wife-15-million-cel-tokens\/"},"modified":"2020-10-28T09:02:56","modified_gmt":"2020-10-28T06:02:56","slug":"celsius-network-founder-gifts-wife-15-million-cel-tokens","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/celsius-network-founder-gifts-wife-15-million-cel-tokens\/","title":{"rendered":"# Celsius Network founder gifts wife 15 million CEL tokens"},"content":{"rendered":"

“# Celsius Network founder gifts wife 15 million CEL tokens <\/strong>”
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The founder of the crypto payments network Celsius has gifted his wife a large portion of the token supply, reducing his own enormous stake in the process.<\/p>\n

Celsius CEO Alex Mashinsky gifted wife Krissy 15 million CEL tokens as a birthday present, worth an estimated $20 million at today\u2019s prices.<\/p>\n

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I gave my wife @KrissyMashinsky<\/a> a very special present of 15,000,000 CEL tokens for her very special birthday. She has been with me through it all and ALWAYS supported me even when I made silly mistakes. I love you Krissy and could not have done @CelsiusNetwork<\/a> without you. https:\/\/t.co\/CXdzUBpH9k<\/a><\/p>\n

\u2014 Alex Mashinsky \u00a9\ufe0f (@Mashinsky) October 25, 2020<\/a><\/p><\/blockquote>\n

The move has shifted the balance of the top CEL token holders list, as observed by Twitter<\/a> user \u2018Kevin \u2013 HODL\u2019 (@Crypto_Flippin). Mashinsky is still at the top but now his wife would be the third largest token holder according to the list.<\/p>\n

The community have been pondering the token shift with one twitter user called \u2018bitcoin_giraffe\u2019 stating<\/a>; <\/p>\n

\u201cWhat concerns me more is the amount that he has. It puts a whole new definition to whale.\u201d<\/p><\/blockquote>\n

The move seems a little unusual as under marital law (unless there is a pre-nuptial agreement) she is entitled to half of Mashinsky\u2019s assets anyway. Krissy Machinsky runs a company called USA Strong which uses blockchain to ensure products claiming to be made in America actually are.<\/p>\n

Celsius, which completed a successful Initial Coin Offering in March 2018 valued at $50 million, is a centralized crypto credit platform with a mobile app<\/a> that allows users to earn interest on stablecoins and a number of cryptocurrencies.<\/p>\n

The platform borrows from one set of clients and issues crypto collateral backed loans to institutional clients while collecting the difference in interest. 80% of the returns generated is paid to members and the community, and 20% goes to Celsius.<\/p>\n

It is essentially DeFi style lending with regulatory compliance and CEO Mashinsky in control.<\/p>\n

In June 2020, Celsius completed a $20 million fund raise from the crypto community. Mashinsky did not inform private equity holders about the gift. According to the official website<\/a> it has processed over $8.2 billion in loans, has over 200k active users, and almost $1.6 billion in community assets. <\/p>\n

CEL token prices have been performing well recently and hit an all-time high of $1.38 on October 10 according to Coingecko. Since the beginning of the year, CEL tokens have surged 880% to their current price of $1.33. There is currently a circulating supply of 361 million tokens out of a total of 695 million. <\/p>\n<\/div>\n