An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
Capped Tokens
Capped vs. Uncapped Coins and Tokens
Capped supply refers to a limit on the total number of tokens or coins created in a cryptocurrency. Once that limit is reached, no more tokens will be created. Uncapped supply, on the other hand, refers to a cryptocurrency with no limit on the total number of tokens that can be created. This means that new tokens can be created indefinitely. Capped supply can create scarcity, increasing cryptocurrency demand and driving its value. On the other hand, an Uncapped supply…
Block Education
@BlockEducation
2 weeks ago 54 views