Founder and CEO
Alex is a serial entrepreneur and founder of seven New York City-based startups, raising more than $1 billion and exiting over $3 billion. Alex founded two of New York City’s top 10 venture-backed exits since 2000: Arbinet, with a 2004 IPO that had a market capitalization of over $750 million; and Transit Wireless, valued at $1.2 billion.
Over 35 patents have been issued to Alex, relating to exchanges, VOIP protocols, messaging and communication. In fact, Alex has a foundational patent on VOIP (Voice Over Internet Protocol) technology dating back to 1994 and is now working on MOIP (Money Over Internet Protocol) technology.
Alex has received numerous awards for innovation, including being nominated twice by E&Y as entrepreneur of the year, in 2002 & 2011; Crain’s 2010 Top Entrepreneur; the prestigious 2000 Albert Einstein Technology medal; and the Technology Foresight Award for Innovation (presented in Geneva at Telecom 99).
As one of the pioneers of web-based exchanges, Alex authored patents that cover aspects of the Smart Grid, ad exchanges, Twitter, Skype, App Store, Netflix streaming concept and many other popular web companies. Additionally, Arbinet’s fundraising story was featured as a case study in 2001 by Harvard Business School.
Here’s the company info:
The Celsius Network will be the next generation of lending and borrowing for the cryptocurrency community.
In conjunction with the launch of the Celsius Crypto Wallet, we’re excited to introduce the Celsius Degree Token (CEL). Members who deposit coins in their Celsius Wallets will earn Degree Tokens as a reward for lending to the network.
Crypto asset holders will either lend their coins to receive interest in CEL tokens or use their cryptocurrency as collateral in order to take a loan in dollars.
Hedge and crypto funds will be able to access a large pool of cryptocurrency in order to short the market with much more competitive rates compared to the CME or CBOE.