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AMA Bullet Points (Sep 3, 2021)
 Sep 3, 2021 by Gandalf

 0 comments   2 likes    695 views




Here are the bullet points for the AMA from September 3rd, 2021.

- Congratulations to Zach, who celebrated his first year co-hosting the AMAs. That's 52 weeks uninterrupted.
- Weekly statistics:

- “We don't have enough coins. (...) I can take right now a billion dollars in stablecoins and not have enough of them. Actually we need them so badly that we have some promotions. — Alex Mashinsky about Celsius still able to generate yield with much bigger AUM.
- “Inactivity fees, I love it, that's my favorite! You have to have really high IQ to come up with one of those. How do you invent something like this?" — Alex about traditional bank fees
- "You can onboard your dollars directly into Celsius, that's coming in November." — Alex
- "It stands for 'i make FUD!" — Waseem about the IMF saying crypto went "too far".
- “This is a fight for all the money in the world." — Alex about crypto versus traditional banking.
- “At the end of the month, we'll be launching (in-app swaps) for Californian Platinum users." — Waseem
- "The FED is like a black hole, it doesn't matter how far away you're from it, it has a gravitational pull on you. (...) As long as you're circling around that black hole, when they have an event, you will feel it." — Alex about FED's tapering (which was postponed)
- Alex's goal is that by the end of next year, Celsius reaches 10 million users. That's 10x more than today.
- “The lead investor did fund their portion and we'll be probably making an announcement next week and we'll be increasing our spending both for marketing and for other activities. Also hiring faster." — Alex
- The 1,000,000 Celsians number does not include all the accounts created through partnerships. Those are direct KYC accounts on Celsius app.
- Yield rewards to the community in 2021:

- Yield paid monthly in 2021:

- CEL tokens purchased in 2021:

- The ability to choose the rewarded coins for each digital asset (i.e. earning BTC on ETH) is "coming later this year."

Rewatch the AMA below:


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