No, this is not a Ponzi scheme. Unlike Bitconnect that promised 300%+ interest per year, we have a legitimate, working business model and we pay sustainable interest rates.
Interest payments are funded by our lending business, we lend the coins users deposit out to hedge funds, institutional traders and exchanges, among other corporate partners. These partners deposit up to 150% collateral with us to secure the coins we lend them, and they pay us interest on those loans. We also lend dollars to our customers, with digital assets as collateral, and earn interest from those loans too. We pass as much of that interest as possible on to our community in the form of interest payments, Celsius promises to pay as much as 80% of our revenue to our community as interest.