Blockchain-Powered Businesses: Company presentation by Alex Mashinsky, Celsius Network at the NOAH Conference Berlin 2019, 13-14 June - STATION.

1. Confidential1 Copyright 2019 Celsius Network Confidential Information provided under NDA. Not for circulation. Draft 1.1
Investor Deck
May 2019

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3. Confidential2
Legal Considerations, Risks & Disclaimers
General
• The information provided in this presentation pertaining to Celsius Network Inc. and subsidiaries. (”Celsius" or the "Company"), its business
assets, strategy and operations is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any
securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws.
Information contained in this presentation should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such
securities. This presentation does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific
investment objectives or financial situation of any person. While the information in this presentation is believed to be accurate and reliable,
Celsius and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to
the accuracy of such information and Celsius expressly disclaims any and all liability that may be based on such information or errors or
omissions thereof. Celsius reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and
undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof.
• The information contained in this presentation is intended only for the persons to whom it is transmitted for the purposes of evaluating the
Company. The information contained in this presentation supersedes any prior presentation or conversation concerning the Company. Any
information, representations or statements not contained herein shall not be relied upon for any purpose.
• Neither we nor any of our representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person
resulting from the use of the information in this presentation by you or any of your representatives or for omissions from the information in this
presentation. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in
respect of the matters discussed in this presentation.
Confidentiality
• This presentation is confidential and is intended, among other things, to present a general outline of the Company. The contents are not to be
reproduced or distributed to the public or press. Each person who has received a copy of this presentation (whether or not such person
purchases any securities) is deemed to have agreed: (i) not to reproduce or distribute this presentation, in whole or in part, without the prior
written consent of the Company, other than to legal, tax, financial and other advisors on a need to know basis, (ii) if such person has not
purchased securities, to return this presentation to the Company upon its request, (iii) without the prior written consent of the Company, not to
disclose any information contained in this presentation except to the extent that such information was (a) previously known by such person
through a source (other than the Company) not bound by any obligation to keep such information confidential, (b) in the public domain through
no fault of such person, or (c) lawfully obtained at a later date by such person from sources (other than the Company) not bound by any
obligation to keep such information confidential, and (iv) to be responsible for any disclosure of this presentation, or the information contained
herein, by such person or any of its employees, agents or representatives.

4. Confidential3
Legal Considerations, Risks & Disclaimers
Forward Looking Statements and Financial Projections
• Certain information in this presentation and oral statements made in any meeting are forward-looking and relate to Celsius and its anticipated
financial position, business strategy, events and courses of action. Words or phrases such as "anticipate," "objective," "may," "will," "might," "should,"
"could," "can," "intend," "expect," "believe," "estimate," "predict," "potential," "plan," "is designed to" or similar expressions suggest future outcomes.
Forward-looking statements and financial projections include, among other things, statements about: our expectations regarding our expenses,
sales and operations; our future customer concentration; our anticipated cash needs, our estimates regarding our capital requirements, our need for
additional financing; our ability to anticipate the future needs of our customers; our plans for future products and enhancements of existing
products; our future growth strategy and growth rate; our future intellectual property; and our anticipated trends and challenges in the markets in
which we operate. Forward-looking statements and financial projections are based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking statements and financial projections. Although we believe that the expectations reflected
in the forward-looking statements and financial projections are reasonable, there can be no assurance that such expectations will prove to be
correct. We cannot guarantee future results, level of activity, performance or achievements and there is no representation that the actual results
achieved will be the same, in whole or in part, as those set out in the forward-looking statements and financial projections.
• By their nature, forward-looking statements and financial projections involve numerous assumptions, known and unknown risks and uncertainties,
both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not
occur, which may cause the Company's actual performance and financial results in future periods to differ materially from any estimates or
projections of future performance or results expressed or implied by such forward-looking statements and financial projections. Important factors
that could cause actual results to differ materially from expectations include, but are not limited to: business, economic and capital market
conditions; the heavily regulated industry in which the Company carries on business; current or future laws or regulations and new interpretations of
existing laws or regulations; legal and regulatory requirements; market conditions and the demand and pricing for our products; our relationships
with our customers, developers and business partners; our ability to successfully define, design and release new products in a timely manner that
meet our customers' needs; our ability to attract, retain and motivate qualified personnel; competition in our industry; competition; technology
failures; failure of counterparties to perform their contractual obligations; systems, networks, telecommunications or service disruptions or failures or
cyber-attack; ability to obtain additional financing on reasonable terms or at all; our ability to manage risks inherent in foreign operations; litigation
costs and outcomes; our ability to successfully maintain and enforce our intellectual property rights and defend third party claims of infringement of
their intellectual property rights; our ability to manage foreign exchange risk and working capital; and our ability to manage our growth. Readers are
cautioned that this list of factors should not be construed as exhaustive.
• The forward-looking statements and financial projections contained in this presentation are expressly qualified by this cautionary statement.
Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Readers are cautioned not to place undue reliance on forward-looking statements or financial projections. Prospective investors should not construe
the contents of this presentation as legal, tax, investment or other advice. All prospective investors should make their own inquiries and consult their
own advisors as to legal, tax, investment, and related matters concerning an investment in the securities of the Company.

5. Confidential4
Unbank Yourself
The world needs banking,
but it does not need banks.
Bill Gates
Our Vision:
Fair Interest
Income for
7 Billion People

6. Confidential5
Management Team
• Founded two of New York City’s top 20 venture-backed exits since 2000: one of his first companies,
Arbinet, IPO’ed in 2004 with a market capitalization of over $750 million; and another venture,
Transit Wireless, was valued at $1.2 billion at the time of exit.
• One of the inventors of VoIP (Voice Over Internet Protocol).
• 41 issued patents, relating to exchanges, VOIP protocols, messaging and communication.
• Serial entrepreneur and founder of seven startups, raised more than $1B with over $3B in exits.
Alex Mashinsky Founder & CEO
S. Daniel Leon
Co-founder
President & COO
Entrepreneur with a
proven track record
of growing early-
stage companies
and building
organizations from
the ground up.
Brown University.
Nuke Goldstein
CTO
Software developer,
architect, innovator,
and entrepreneur in
cutting-edge tech,
including image
processing, AI, IoT
and blockchain.
Technion - Israel
Institute of
Technology
Liz Rabban
VP Global Business
Development
Leader in sales and
business
development for
new tech companies
in
verticals including
VoIP, biotech,
publishing, and
blockchain.
Columbia University.
Dr. Scott
Stornetta
Advisor
Considered the
co-inventor of the
Blockchain.
Referenced three
times by Satoshi
Nakamoto in his
famous Bitcoin
whitepaper.
Aliza Landes
VP of Lending
and Exchanges
Expert in scaling
initiatives and
managing inter-
organizational
partnerships.
MIT Sloan.
Harvard Kennedy
School, IDF
Captain (Res.).
Experienced in
institutional lending,
credit trading,
quantitative analysis,
and developing
fintech startups.
Columbia SIPA,
Cornell Engineering,
CFA.
Young Cho
CFO

7. Confidential6
Deposits & Collateral
Celsius Generates 7X more interest income
than Banks pay using the Blockchain
$12,130,388
$26,921,358 $26,411,521
$43,177,432 $42,078,489
$53,513,839
$76,849,050
$131,524,707
$214,843,695
Sept Oct Nov Dec Jan Feb March April May (Est)

8. Confidential7
Celsius Network 2018
$200M
In AUM
91% Net
84%
retention on
top coins
8.21x
Average number
of deposits
per user
(279 out of 305
operating days)
$1.5B
In coin loan
Origination
81%
users depositing
more than once
positive days

9. Confidential8
The Problems We Are Solving
The decentralized digital economy needs next generation financial tools and a
system that will work for the benefit of the community.
With banks in most developed countries
paying less than 1% to depositors, there is
strong demand for an alternative.
The world still runs on fiat. There are limited
options for crypto holders seeking fiat loans
against their crypto assets.
Nowhere to Earn Interest
Hard to Margin Borrow
As crypto markets continue to grow, the
demand to borrow digital assets from
institutions is growing exponentially.
Limited Tools for Pros
The current user experience prohibits many
new people from entering the crypto space.Moving Crypto is Difficult
1
2
3
4

10. Confidential9
74,000
downloads
11 months
Our Solution Through Our Mobile App
Celsius is the only app worldwide to offer interest income, dollar loans, and
instant coin transfers.
We give depositors up to 80% of the value we create, driving CEL adoption and the value of our 330m tokens in treasury.
90% organic

11. Confidential10
Business Model
How do we generate income for our members and contributors?
Celsius collects fees from
institutional borrowers and
funding markets. Loans are
collateralized up to 150%
Coin Loan
Business
Celsius earns 6-15% (APR)
and shares a portion with
our depositors
Dollar Loan
Business
Celsius lends fiat to
customers using crypto as
collateral
Celsius earns 5-9% (APR)
on the fiat lent.
Celsius generates an
additional 3-9% (APR) on
the deployment of crypto
collateral
B2B
Celsius white-labels its
services to partners such as
exchanges and wallets
A portion of the interest
income earned is
distributed to the Celsius
community
Loaned coins combined
with staking pool for
additional dividends

12. Confidential11
Competitive Landscape
Celsius
Best interest of Company
Depositors
Community
Banks
Maker
DAO
Salt
Blockfi
Commercial
banks
Interest of community
Nexo
Shareholder

13. Confidential12
CEL Token economics
*Limited CEL supply, most tokens held in treasury
MARKETS*
$ Loans
Interest
Payments
Members
hip Fee
Coin Loan
Interest
Payments
Deposit
Interest
Payments
PoS
Income
Payments
BLOCKCHAIN
Immutable public
records of transactions
CEL
Treasury*
Collect &
Interest Distribute
to
members
Collect
interest in
Coins
Lend coins
Buy
CEL
Distribute
to
members
Collect
Coins
Issue &
loans
Celsius
Fly Wheel
Token
Economics
Celsius holds 220M CEL tokens in treasury currently valued at $0.10 or $22M

14. Confidential13
CEL Token Performance
Celsius Token economics are similar to BNB model
-100%
0%
100%
200%
300%
400%
500%
600%
1-Jan-19 1-Feb-19 1-Mar-19 1-Apr-19 1-May-19
Cummulative Return (2019 YTD)
BTC BNB CEL

15. Confidential14
Traction I: Celsius Revenue Sources
Celsius Revenues by Source
$172,591
$94,371
$71,951$61,084
Exchange Algos USD Loans Coin Loans
$124,383
$76,082
Celsius Revenues: Retained &
Distributed as Community Interest
Celsius Profit Interest Paid to Community
$274,248
$662,908
25% 41%
26%
43%
64%
95%
89%
93%
56%
Sep Oct Nov Dec Jan Feb Mar Apr May
(9th)
Sep Oct Nov Dec Jan Feb Mar Apr May
(projected)
Celsius
profit
Interest
Paid to
Celsius
members
$132,713

16. Confidential15
Traction II: New Monthly Deposits
# DepositsDeposit value
Gross Number of Deposits and Deposit Value
$855,523
$6,120,523
$7,129,303
$6,053,395
$12,213,428
$8,282,199
$13,729,103
$18,441,516
$28,298,455
$32,529,709.00
295
1,794
2,323 2,566
3,716 3,427
6,224
9,432
10,039
12,295
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
August September October November December January February March April May (est)

17. Confidential16
Traction III: Coin Loans Breakdown
Cumulative Coin Loans to InstitutionsCoin Loans on Exchanges
$3,904,830
$8,583,210
$10,875,298
$10,875,298
$12,150,248
$13,336,991
$16,336,991
$24,462,331
$38,739,276
$61,169,252
$69,623,519
$2,169,350
$80,914,378
$129,816,936
$73,007,788
$102,126,912
$201,302,291
$202,962,579
$290,595,529
$103,667,758
$66,286,703
$244,551,186

18. Confidential17
Traction IV: Dollar Loans
Active Loans by Month
$21.5M loans issued to date
$55.4M in coin collateral
8.7% weighted average annual
interest rate across portfolio
Loans backed by 4 cryptocurrencies
(BTC, ETH, XRP, BCH)
$478,000 interest income to date
100% successful implementation of
margin calls
919,384.00
5,981,912.00
6,128,293.43
8,378,214.43
6,378,214.43
7,746,454.43
9,321,647.39
13,081,423.91
Septe
mber
Octob
er
Nove
mber
Dece
mber
Januar
y
Febru
ary
March
April
Sep Oct Nov Dec Jan Feb Mar Apr

19. Confidential18
Deposits Breakdown
Average Account Balance to Average Number of Deposits
Av. # deposits per person
$5,156.00
$6,199.00
$11,888.00
$10,489.00
$8,011.00
$11,555.00
$8,241.00
$8,787.00
$8,581.00
$12,235.00
$11,012.00
1.86
2.14
3.49
3.37
3.39
3.52
3.41
3.97
4.36 4.34
4.16
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
$-
$2,000.00
$4,000.00
$6,000.00
$8,000.00
$10,000.00
$12,000.00
$14,000.00
July August September October November December January February March April May (est)
Av. Account Balance

20. Confidential19
Unique Depositors by Month
57 138
514
690 758
1,057 1,005
1,569
2,165
2,313
2,954
July August September October November December January February March April May (est)

21. Confidential20
Coin Deposits by Type
BTC Deposits ETH Deposits
LTC Deposits XRP Deposits
373 583 614 1823 1404 1194 2213 1902
Sep Oct Nov Dec Jan Feb Mar Apr
12,815 7,776 10,751 31,958 15,562 39,734 21,466 44,660
Sep Oct Nov Dec Jan Feb Mar Apr
4,266 7,518 4,561 8,355 6,221 16,173 12,514 14,116
Sep Oct Nov Dec Jan Feb Mar Apr Sep Oct Nov Dec Jan Feb Mar Apr
1.2M 1.9M 1.3M 4.2M 2.2M 4.2M 2.9M 5.4M

22. Confidential21
Stable Coin Deposits
$100.90
$1,879,568.40
$3,519,588.78
$5,099,808.72
$5,379,899.43
January February March April May

23. Confidential22
Financial Projections 2019-2020
Growth from 2018 to 2019
Q4'19Q1'19 Q2'19 Q3'19
Growth from
2018 to 2019FY 18
Total Net Deposits
Total Coins AUM
Net Revenues
Total Loan
Portfolio Balance
Net Profit/Loss
Expenses
$ 24,558,370
$ 43,177,432
$ 380,515
$ 8,378,293
$(6,497,741)
$ 6,878,256
$ 46,393,609
$ 76,849,050
$ 467,094
$ 9,321,647
$(733,084)
$ 1,200,178
$ (623,400)
$ 299,466,176
$ 408,929,886
$ 3,896,573
$ 19,614,224
$ 1,004,211
$ 2,892,362
$ 444,579,820
$ 580,593,144
$ 5,468,662
$ 20,219,349
$ 2,094,240
$ 3,374,422
Q1‘20
Growth from
2019 to 2020
Total Net Deposits
Total Coins AUM
Net Revenues
Total Loan
Portfolio Balance
Net Profit/Loss
Expenses
Q2‘20 Q3‘20 Q4‘20
$ 1,565,895,502
$ 2,302,892,076
$ 22,653,699
$ 166,078,686
$ 14,127,096
$ 8,526,603
$ 626,649,006
$ 843,442,382
$ 8,245,390
$ 31,284,688
$ 3,901,649
$ 4,343,741
Overall Growth
from 2018 to 2020
$ 862,836,859
$ 1,185,427,902
$ 11,536,786
$ 54,855,156
$ 5,906,010
$ 5,630,775
$ 1,169,054,547
$ 1,652,145,163
$ 16,159,248
$ 95,043,146
$ 8,919,680
$ 7,239,568
252%
297%
404%
721%
1786%
161%
6276%
5234%
15299%
1882%
NA
274%
1710%
1245 %
2954 %
141 %
NA
44 %
$181,695,314
$ 248,319,324
$ 1,786,902
$ 13,303,414
$ 2,410,302

24. Confidential23
Celsius Equity Raise & use of Funds
HR & Operations $3.5M growing the team (US, Israel, Europe and Asia - 2020)
Marketing $6.5M to strengthen the brand and drive new users and depositors
Legal
$2M to acquire various licenses in US (lending; MTL); Europe (e-
money) and other legal memos as needed
G&A $3.5M
B2B & Exchanges
Integration
$5M growing and supporting biz dev activities and cost associated
with the integration with various exchanges
Technology $5.5M technology development (products, security, automation)
Listings and M&A $4M
Celsius is raising $30M in equity to fuel its growth and global expansion

25. Confidential24
Opportunity Summary
One of the most credible management teams in the industry, led by
a serial entrepreneur with a proven track record in scaling and
exiting businesses
One of the few companies with live products (app and back
office), protocol and private blockchain (in development)
Partnerships with some of the industry’s leading companies
and customers
Named one of the top 10 most successful blockchain companies in
the world
Celsius Network is one of the most trusted brands in the crypto community
$1.5B in coin loans in 8 months; close to $20.92M in dollar loans

26. Confidential25
Celsius in the Media
Mashinsky’s
conviction is based on
his previous experience
disrupting a different
kind of industry, namely
the telecom industry
back in the mid 1990’s
Celsius looks to
become one of the
giants in the
blockchain fintech
space
Considered a co-
inventor of the early
blockchain, Dr. Stornetta
joins a growing list of
pioneers at the company
headed by CEO Alex
Mashinsky
Mashinsky’s
perspective as one of
the early pioneers of
internet technologies
informs his outlook on
the rise (or lack thereof)
of cryptocurrencies
This FinTech startup
is primed to disrupt
traditional banking
No.3 Blockchain
Company to Watch
in 2018:
The FinTech startup
company offers a
leveled up version of
traditional banking
It’s like banking on
blockchain
The platform provides
users a way to borrow,
deposit and earn interest
with cryptocurrency,
actions not available in
traditional banks
Top 5 New
Blockchain Startups
10 most successful
blockchain companies:
11 Blockchain
Companies You
Should Be Paying
Attention To

27. Confidential26
Contact Us
+1-646-552-4499
@CelsiusNetwork
alex@celsius.network
Alex Mashinsky
Founder & CEO
THANK YOU!

28. Confidential27
Contact Us
+ 201-704-6817
@CelsiusNetwork
liz@celsius.network
Liz Schack Rabban
VP Global Business Development
THANK YOU!

29. Confidential28
Support Slides

30. Confidential29
Market Opportunity I
HODLers are eager to put their coins to work
Since 2008, public interest for a more fair and
transparent financial system has grown
Digital assets lending is a multi-billion dollar business
More established firms and crypto funds formed in
2018 than ever before (Circle adds 1000 customers in 2018)
More wallets opened in 2018 than in 2017 despite
downturn (Bloomberg)
Celsius is positioned to capitalize off of both
volatile and stable markets

31. Confidential30
Market Opportunity II
Active addresses still growing overtime
# Of blockchain wallet users worldwide
Total Wallets Worldwide
10
1,000
100,000
10,000,000
Bitcoin: Active Addresses per day
(Median value by month)
Monthly median active addresses by day
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Q1
2016
Q2
2016
Q3
2016
Q4
2016
Q1
2017
Q2
2017
Q3
2017
Q4
2017
Q1
2018
Q2
2018
Q3
2018
BTC Market Cap
$100B
$200B
$300B
$400B
$500B
$600B
$700B

32. Confidential31
Say Hello to Celsius Network
Celsius provides crypto holders with a simple
way to:
• Earn interest on their digital assets
• Borrow cash with crypto as collateral
• CelPay crypto to anyone using SMS, email or
messaging apps
Celsius enables financial traders to borrow
digital assets for: trading, shorting, deferring
taxes and locking in profits.
Fees earned from these services are returned to
our members as interest.

33. Confidential32
Market & Growth Strategy
While continuing to build
our brand and retail
customer base, Celsius is
also developing
partnerships with wallets
and exchanges to white-
label our services.
Celsius Network APIs will
facilitate automated
borrowing from our
liquidity pool for
exchanges, funds, and
market making partners.
Exponential growth
from B2C and B2B
Wallets
Integrations
Retail – Trusted Brand
Funds
Exchanges
Build trust in the Celsius brand by
always operating based on what is in
the best interest of our community.
Automated asset borrowing at
the best market prices.
Customers across
partner exchanges
will be able to earn
interest and
borrow assets for
shorting and
margin funding.
Millions of wallet
holders will have
access to Celsius
Interest accounts

34. Confidential33
The Celsius Marketplace
Coins
Accepted
LTC XRP ETH BTC XLM BCH OMG ZRX
BTG ZEC USDC GUSD TUSD DAI PAX
Other Users of
the Marketplace
Hedge Funds
Exchanges
Large Institutions
Retail
Dollar/Coin BorrowersCoin Lenders
CelPay
Stable coins
POS income
Large Institutions
Celsius
Marketplace
Hedge Funds
Wallets
Exchanges
Retail
DASH

35. Confidential34
The Solutions
We created a
system that
harnesses the
financial power of
our community
and rewards
them accordingly
Deposit BTC, ETH, and other
assets to earn up to 7%
interest a year.
The Wallet that
Pays You Back
Use digital assets as
collateral to borrow dollars
at the best rates possible.
Dollar Borrowing
Allow professionals to
borrow digital assets from
the Celsius liquidity pool.
Platform to Borrow
Coins
Move digital assets via
text, email, social media
with ease- no wallet
required. No fees, ever.
CelPay Celsius Financial OS
The first of its kind back office
system to manage all
transactions: CelPay, digital
asset deposits, cash and coin
loans.

36. Confidential35
How to earn up to 7% interest on your Dollars
Bank
Account
PAX/USDC/
TUSD/GUSD
Have USD Buy stable coin
Deposit with
Celsius
Get interest
every Monday
Withdraw
At anytime
Withdraw
at any
time
Earn
Interest
Celsius
Wallet
Exchanges/
Wallets/
Vendors

37. Confidential36
Interest
Income
Coin & Loans
Buy
Coins
Celsius Deposits
Community
$
Lenders
Share
holders
Executives
$
$
The Main Difference:
They Pay Their Investors, We Pay Our Community
Celsius
Salt
Blockfi
Nexo
Growing Community vs. Profit Optimization

38. Confidential37
Staking as a Service
Community
Impacts
Business
Impacts
Delegated
Staking
Traditional
Staking
Masternodes
Payouts
Increased interest
payments to community
Security
Robust and secure
option to nascent
marketplace
Engagement
Participate in
governance and
direction of
coins via voting
and delegation
Revenue
Staking operations
introduce new
revenue stream
Risk Management
Cover market volatility
with staking rewards
Options
Expands
collateralized
borrowing
product
options

39. Confidential38
Staking Returns & Engagement
DASH Tezos Loom ZCoin Tron Decred
7.9% 7.35% 15% 21.4% 13.5% 13.8%
Staking Type
Daily Volume
Minimum Entry
Governance Voting
Delegated Delegated
$5.3M $2.95M
10,000 XTZ
(~$4.2K)
1.25M LOOM
($75K)
Masternode
$251M
1,000 DASH
(~$82K)
Yes Yes Yes
Masternode
$633K
1000 XZC
(~$6.6K)
Yes
Delegated
$139M
111.56M TRON
(~$2.56M)
Yes
Delegated
$1.4M
3776 DCR
(~$62.4K)
Yes
Key Staking Insights
• Staking consensus networks continue to grow in adoption due to limitations of Proof of Work with hardware
requirements, lack of governance and transaction throughput.
• Ethereum(2nd largest cryptocurrency network and largest platform cryptocurrency) is moving from Proof of Work to
Proof of Stake consensus which will spur adoption and awareness of staking.
• Coinbase recently announced a division dedicated to Staking and Governance services
• Governance capabilities along with community engagement position Celsius to influence and guide multiple
networks while growing its network effect of users and investors.

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Celsius custody
Exchanges &
Institutional
coin
borrowers
Retail
users
Celsius App
Celsius
Dollar
lending
Partners
Retail Celsius
Dollar
borrowers
Collateral
Coins
Collateral
Corp. $
$

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Celsius Security Tiers
AWS Measures / backend VPN / Certificates / BitGo security – best of breed
safety measures
Infrastructure
Architecture
Multiple wallets, whitelisted endpoints, withdrawal rules - externally facing
wallets contain limited funds
Code
Strict coding guidance, security measures in code and data - verified by top
white-hat hackers
Ops
Staff required to set 2FA accounts, continuously trained on risks such as
social engineering schemes
External Monitoring
Bounty program, third party cyber monitoring

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Celsius Network – Financial OS

43. Confidential42
Technology, IP and the Blockchain
• Celsius App
• Available for iOS and Android
• BitGo Digital Assets Custody
• Stores 16 assets, with more in
development
• Wallets scheme designed for
security, privacy, and
automation
• AWS Backend Services
• Supports all Celsius ops
• Designed for performance,
security, and scalability
• APIs/SDK for Partners
• For retail oriented and
Institutional partners
• Numerous Security Measures
• DASH staking
Deployed In Development Planned
• Back Office
• Connect to various exchanges
and wallets
• Financial data aggregation
and visualization
• Streamline internal staff
collaboration and notifications
• One click dollars loans using the
Celsius App
• Automation of internal processes
• Integrate with exchanges/funds
• Staking income and operations
(PoS, dPoS, masternode, etc)
• Algo-based auto trading
• Additional staking coins
• Store all transactions and
portfolios management on
blockchain
• Automation
• Risk assessment algorithms
• Markets monitoring and
forecast
• Data driven user acquisition
• Coin lending marketplace
• Security & compliance
overwatch
• Automatic loan servicing
• AI based customer support

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Technology Roadmap
• Services
• Interest income
• Lending crypto
• Borrowing dollars
• Celsius App
• Back Office dashboard
• Partners integration
(APIs/SDKs)
• Using BitGo, NodeJS,
Postgres DB, and AWS
• Record all financial
transactions on a
decentralized ledger
• Based on Ethereum
• Smart contracts to track
community portfolios
• Smart contracts to track
Celsius activities
• Transition from DB to
private blockchain with
block explorer
• Use emerging
protocols to transition
Celsius services into
SC/Dapps
• Ethereum wrappers
around different
digital assets
/blockchains
• Reduce the human-
element from the
system
• Risk analysis and
prediction algorithms
with ML
• Self governed system
• Smart user acquisition
• Security and
compliance (AML) self
monitoring
Ongoing
Q3-Q4
2019
Implement Services
[Centralized]
Transparency
[Private Blockchain]
Decentralization
[Smart Contracts]
Automation
[AI]
Q1-Q2
2019
Q1-Q2
2020

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Company Roadmap 2019-2020
2019 2020
Exchange Listing
Licensing
Technology/Product
Market Focus/Expansion
Projected Revenues
First
Listing
Top 5
Exchanges
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
US Legal
Memo
US
Lending
E-Money
- EU
Money
Transmit
Loans in
App Private BC
Germany UK
Break Even
Asia
$ 4.7 M$ 1.5 M $ 15.3 M$ 10.2 M$ 6.7 M $ 21.8 M $ 29.2 M
Staking
Pool
$ 470,844