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…
SUSHI
What is SushiSwap (SUSHI) and How Does it Wok?
SushiSwap is a decentralized exchange (DEX) built on the Ethereum blockchain. It allows users to trade cryptocurrencies in a decentralized manner without the need for a centralized intermediary. The core feature of SushiSwap is its use of liquidity pools. A liquidity pool is a smart contract on the Ethereum blockchain that holds a pool of assets, such as ETH and a specific ERC-20 token. Users can add assets to the pool, creating liquidity, and in return, they receive liquidity provider…
Block Education
@BlockEducation
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