The live price of Creditcoin is - per (CTC / USD) with a current market cap of $312.63M USD. 24-hour trading volume is - USD. CTC to USD price is updated in real-time. Creditcoin is -% in the last 24 hours with a circulating supply of 449.42M.
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CreditCoin is positioned as the world’s first fully decentralized global credit system. It aims to assist millions of unbanked individuals worldwide in building, establishing, and utilizing credit through the power of blockchain technology. The project is dedicated to empowering the unbanked population across the globe, giving them greater access to funding for their dreams, innovations, and other financial opportunities to foster economic growth.
CreditCoin seeks to solve the lack of credit infrastructure among the unbanked in emerging markets by using blockchain to record credit transactions. Investors and fundraisers can announce offers, match them, and record loan transactions on the CreditCoin network. Furthermore, investors can transfer their debt securities to other users. The primary utility of CreditCoin is to pay for credit transactions conducted on the blockchain. All transaction history is permanently recorded on-chain, allowing investors to verify the data, assess creditworthiness, and make informed investment decisions.
CreditCoin is developed by a global team with members based in the United States, Canada, Nigeria, South Korea, and Estonia. The project was launched in April 2019 and has since advanced to a more decentralized second version while integrating with the Ethereum base network. The team’s goal is to build a formal platform that connects the unbanked population with transparent creditworthiness in a rapidly growing digital economy.
Within the CreditCoin ecosystem, tools and resources outside of traditional banking are used to build a system that rates borrowers and directly connects them with lenders and investors actively seeking new opportunities. Through the CreditCoin platform, lenders can connect with verified borrowers in need of funds, making the system valuable for lenders as well.
CreditCoin was originally developed on the Ethereum blockchain, where its native token still operates. Since its launch in 2019, CreditCoin has released a second version and developed its own blockchain to support both borrowers and lenders. The network’s cryptocurrency token is designated by the symbol “CTC.”
CreditCoin was formed as a joint venture by two independent companies collaborating on the CreditCoin project and its cryptocurrency. The project was launched in 2019 by Aella and Gluwa, both of which have strong track records in delivering digital financial solutions and products.
CTC is primarily used within the CreditCoin ecosystem as the native token accepted for miner gas fees and mining rewards under the network’s consensus mechanism.
The maximum supply of CTC tokens is 2 billion. At the time of writing, the total circulating supply of CTC is 223,464,279 tokens.
The CreditCoin blockchain serves a single purpose: to record credit transactions. The network relies on accurate reporting of information, which is then used to assess the real-time creditworthiness of unbanked individuals and others using the platform.
To support the parameters required for the seven types of transactions within the CreditCoin ecosystem, the network uses a Proof-of-Work (PoW) consensus model for blockchain validation.
CreditCoin focuses on creating opportunities by providing credit to the unbanked populations around the world. The information submitted to the CreditCoin network is sourced through means outside of traditional finance (TradFi). The team behind CreditCoin has developed a sophisticated network designed to process external data sources, enabling the creation of a truly unique blockchain product that bridges the gap between traditional financial infrastructure and emerging digital-integrated financial platforms.
The Creditcoin to other currencies exchange rate?
