Dash
$68.44 -1.26%
DASH · 33w

Why I think Celsius.Network is very good for Dash

I switched from CrowdNode in November and have been holding some Dash with Celsius.Network since. Here are the Pros of holding Dash in the Celsius.Network app. \#1. I have received my interest payment every Monday. \#2. I am being paid more Dash with Celsius.Network because * Celsius.Network is designed to pay 80% of their profits to depositors * CrowdNode takes about 15% of the reward payment \#3. Celsius.Network buys Dash in the open market each week to pay depositors their interest payment. \#4. When I have asked for Dash from Celsius.Network the Dash has been returned in minutes after request. With CrowdNode, it took up to 5 days to receive my Dash after submitting my withdraw request. \#3 is perhaps the most powerful reason why holding Dash with Celsius.Network is good for the price of Dash. The more Dash holders on Celsius.Network, the more Celsius.Network will need to purchase Dash each Monday to pay their interest payment. The only Cons are that I don’t control the private keys for my deposited Dash and its not decentralized. But, Celsius.Network holds their deposits with BitGo. They have never had a defaulted loan. All loans require collateral. Also, I am not trying to bash CrowdNode. I like CrowdNode but have enjoyed my experience with Celsius.Network more and wanted to share this information with the network.
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