1/7 "@CelsiusNetwork does not charge you withdrawal fees, we pay your withdrawal fees. @CelsiusNetwork does not penalize you for early withdrawals, there is no early withdrawals, you can withdraw at any time. So all of these mechanisms that you are using on
2/7 “Cred or cryptodotcom or on @BlockFi where you lock up stuff for 6 or 9 or 12 months, all those things, people are crying over them right now. Anyone who locked up at cryptodotcom for 6 months and couldn’t sell their CRO and it lost over 50% of its value is not happy
3/7 “about that today. @CelsiusNetwork doesn’t do any of these mechanisms. We never had a lockup, ever, on any asset in our history, because that is not in your best interest. Now people understand it and say oh, yeah, yeah, Celsius is better, Celsius cares about me, Celsius
4/7 “did it the right way. But greed caused you to say, oh, Celsius pays 11.5% and cryptodotcom used to pay 12%, I’m going to move it there and lock it up for 6 months, and that 6 months cost you 50% in dollar terms because the asset you locked up [CRO] dropped by 50%.
5/7 “What matters is absolute returns, and absolute returns is what happened to the assets that you put in and what happened to the reward that you got. If you got paid in-kind, did you get that 5% or 6%, or if you got paid in CEL, for example, did CEL do better or not.
6/7 “CEL is up 4,600% in the last 12 months. There isn’t any asset on the planet that did better, there is no top 100 coin, there is no stock, there is no bond, there is no security, I think, on this planet that did better than CEL token; I can’t find any. If you think there is
7/7 “something, show it to me.” — Alex Mashinsky, November 13, 2020 AMA
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