Question 1

What is CEL?

Accepted Answer

CEL is an ERC-20 platform token issued by Celsius Network. ERC-20 describes its token standard and Ethereum-network compatibility; it does not by itself establish that any Celsius product remains available today. When understanding CEL, its historical design should be separated from the current status of services. The whitepaper describes its intended uses within the Celsius product system, while the official support page also notes that some products and services are currently unavailable.

Question 2

What uses did CEL have in Celsius’s historical product design?

Accepted Answer

Under Celsius’s historical product design as described in its whitepaper, CEL could serve as loan collateral; borrowers could also pay loan interest in CEL to receive a discount, and the platform designed it as a token for distributing lending-related rewards. These uses correspond to different stages: collateral supports a borrowing position, interest payment concerns borrowing costs, and rewards are tokens distributed by the platform to users eligible under the rules at that time. They describe the whitepaper’s historical product model, not a commitment regarding current service eligibility, discounts, or rewards.

Question 3

What is the current status of Celsius services?

Accepted Answer

Celsius’s official CEL support page expressly states that some products and services are currently unavailable and that some content on the page may be outdated. The page also states that Celsius and certain affiliates filed for Chapter 11 Bankruptcy relief to implement restructuring. Therefore, even where old whitepapers or help content accurately record product designs at the time, they cannot alone prove that a lending, collateral, interest-discount, or rewards function is currently open to users. Whether a specific action can be taken must be determined from the current official status and applicable terms of the relevant service.

Question 4

Why can’t CEL’s historical uses be treated as currently available rights?

Accepted Answer

The key distinction between Chapter 11 restructuring and old product functions is that the whitepaper describes how product mechanisms were once designed, while restructuring and service-unavailability notices mean users cannot treat that historical description directly as currently obtainable services or token rights. For example, “paying interest in CEL to receive a discount” could apply in practice only if the corresponding borrowing product, payment option, and eligibility rules still exist; merely holding or transferring CEL does not itself restore that historical function.

Question 5

How should the token, historical materials, and current services be distinguished when reviewing CEL information?

Accepted Answer

When researching CEL, first establish whether the discussion concerns the ERC-20 token itself, the design in a historical whitepaper, or the current status of a particular Celsius service; these three cannot substitute for one another. The official support page notes that some content may no longer be current, so the point in time directly affects whether historical information can be used to assess present functionality. Where existing official materials are insufficient to reliably confirm the exact maximum supply, circulating supply, allocation proportions, or current unlock arrangements, those conclusions should not be filled in using old promotional materials or third-party figures.

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