Why Celsius is better than competitors (Salt, Nexo, Ethlend etc...)

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Celsius is an upcoming project that offers blockchain lending. That is the possibility of taking loans through the blockchain (a decentralized public ledger which records every transaction) and the smart, self-executing contracts allowed by the Ethereum platform.

Another similar projects, which also looks to decentralize the process of lending money away from today’s dominance of established banks.

Nevertheless, what’s essential to the consumer is: Which option is the best?
And for this, we shall compare both competitors over several points:

Decentralization.
One of the reasons we are praising blockchain credit is that it allows for more lenders to enter the market without the issue of being consistently and permanently obscured by financial institutions.
Celsius does a great job doing this since it gives lenders the opportunity of entering an environment free of over-identification which allows for users to choose lenders based only on their reputation as a lender in the platform.
Competitors, however, looks to bridge the gap between financial institutions and blockchain services, thus allowing for already-established banks to enter the market and potentially obscuring emerging users just like they do today.

User-friendly.
While Celsius operates a wide selection of consumer credit services, these options (and their long-term goals) might confuse new users not used to the world of smart contracts.
On the other hand, competitors offers a user-intuitive interface which shows lending options and clients can just choose the one that fits their needs the most.

Security.
While competitors does an excellent job at managing security, their whitepaper does not go too deep describing this, leaving many questions unanswered.
Celsius, on the other hand, offers a decentralized lending that rates customers by how effective they are, based on a rating system which classifies them per credit or paying responsibility and can even expel them from the app or allow users to vote for it.

Long-Term Goals.
Overall, we have to give Celsius the upper hand since they are looking to create a self-governing environment which empowers users to regulate their market and offering the reputation meter mentioned above which filters risky users with a higher default probability.
And from here, they’re looking to empower blockchain platforms by making them more trustworthy and less risky.
competitors, on the other hand, seems to only focus on blockchain lending without no different goals other than helping its customers’ acquisition power.

EARN INTEREST ON YOUR CRYPTO HOLDINGS

Crypto Cashback? Yes, Please.

Your Celsius Wallet will enable you to earn interest on your crypto holdings. When you deposit your coins you’ll join our decentralized crowdsourced lending pool and earn daily interest. We’re building a lending platform for the crypto community to reap the benefits of the futures market and margin lending without the profits going to traditional financial institutions. You can also get a cash loan against your coins so you do not need to sell them.

Full free Report: https://drive.google.com/open?id=1cIjzcg6vCEuxDKETF_14BjdbAOyOO36I

Whitepaper: https://celsius.network/wp-content/uploads/2018/03/celsius_whitepaper-march14-2.pdf