Home » Business » Bankrupt Cryptocurrency Trader “Can Ae” Debt Wants To Be An Exchange Token

Bankrupt Cryptocurrency Trader “Can Ae” Debt Wants To Be An Exchange Token

Jakarta, CNBC Indonesia – Since the cryptocurrency lending platform Celsius blocked asset withdrawals in June, their clients have been adrift. Apparently, Celsius once offered an “unusual” plan to compensate for them.

In the internal recorded discussion received CNBC InternationalCelsius wants to issue crypto tokens to replace customer funds that cannot be withdrawn.

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CTO Celsius Guillermo Bodnar can be heard on the recording saying that this compensation plan is still in its early stages. Celsius’s plan could change from the discussion on the tape.

Celsius co-founder Nuke Goldstein is heard presenting a compensation plan for Celsius users who deposit their assets in “Earn” accounts, a cryptographic deposit product that promises 17% interest.

He said Celsius will issue tokens that will act as Celsius’ debt declaration to customers. This token represents the ratio of Celsius’ debt to customers to the assets they currently own.

For customers, second CNBC International, difficult to we hope that new tokens issued by already bankrupt entities will increase in price.

Goldstein says the token’s value has the potential to increase because Celsius is still pocketing revenue from the cryptocurrency mining business. pole ETH and other still liquid tokens.

If customers decide to wait before redeeming their tokens, the potential difference between the assets Celsius has and their actual credits is decreasing.

However, Goldstein guarantees that Celsius will not prevent customers from directly redeeming their tokens. These tokens can later be traded in Celsius for less than the Celsius debt or on other crypto platforms, so that the market can determine the value of the token.

In addition to the token debt exchange plan, Bodnar also explained the company’s plan to build a transaction management system to monitor asset movements in the country. blockchain agency. This includes the asset name, the purchase price, and the selling price.

The funny thing is, according to the sources CNBC International, companies with billion dollar assets like Celsius previously relied solely on Excel files to track their assets.

[Gambas:Video CNBC]

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