Celsius Network is a lending and borrowing platform based in London, using Ethereum as its underlying technology. Members can use their coins as collateral to obtain loans in dollars, and can also earn interest on their deposited coins in the future. Celsius Network's credit ecosystem is powered by its ERC20 utility token, CEL. CEL enables users to become members of the Celsius platform and community, deposit cryptocurrencies in the Celsius wallet, apply for dollar loans with cryptocurrencies as collateral, and pay discounted interest on these loans.