Quote from: king_of_alts on February 22, 2019, 05:38:55 PM

Quote from: magisterr on February 22, 2019, 07:23:02 AM

Quote from: Jarvis Edge on February 20, 2019, 01:41:43 PM

Quote from: magisterr on February 16, 2019, 06:33:40 AM

Can you explain me what is Celsius wallet? This is your wallet? So why I dont see this wallet on your site in this way? Or what relation your exchange have with Celsius wallet?

Easy: you deposit funds inside their network; your funds go to a multi-sig BitGo wallet, ultra secured. You receive an interest every monday, and you can withdraw your asset at any moment (if it is below 20k usd worth of assets, if no you have to warn them before). So it is a saving account, basically, with returns up to 7.10% a year.

By depositing your asset there, you can also use them as collateral to borrow money.

ok, thank you. But how this can help jarvis exchange? What main goal of your partnership with their wallet?

Where does the interest come from? 7% interest per year is huge but there must be some risk otherwise everyone would do it.

Liquidity! Exchanges, brokers, projects (like us) always need liquidity. As example Jarvis needs a lot of liquidity to provide Forex or for a fiat gateway. And we are ready to pay up to 10% a year for that. So Companies like Jarvis pays up to 10% a year to companies like Celsius, Celsius gives back 7% to the user, and keep the rest. Actually Celsius keeps 20% of the interests earned, giving back 80% back to customers.