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…
Token Launchpad
What is a Token Launchpad?
A token launchpad is a platform that helps a project launch and distributes its token to the public. It is typically used by blockchain projects to raise funds for development by selling tokens, which are usually based on a blockchain like Ethereum, BNB Chain, Solana, etc. The token launchpad usually provides a user-friendly interface for participants to purchase the tokens using cryptocurrencies, such as Bitcoin, Ether, and Stablecoins. The token launchpad may also provide additional features, such as the ability…
Block Education
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