Post
Topic
Board Tokens (Altcoins)
Re: [PRESALE] Jarvis - Hybrid multi-asset exchange | DApp browser | Revenue token
by
Token Williams
on 24/02/2019, 00:21:01 UTC
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.

Good question, nothing is free in this world