Creditcoin (CTC)
| Market Cap | $0.00000000 |
|---|---|
| Trading Volume | $0.2773 |
| Volume / Market Cap | – |
| Total Supply | 25,000,000 CTC |
| Max Supply | 100,000,000 CTC |
Creditcoin is currently trading at $0.56, after a price change of 2.48% in the last 24 hours.
Ranked as cryptocurrency #7538 by capitalization today, CTC market cap is valued at $0.00000000. CTC trading volume reached $0.2773 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on CTC coin price prediction page.
What is Creditcoin?
Creditcoin is an open-source blockchain for settling borderless credit investment networks. The platform seeks to bridge the gap in lending for those who cannot access adequate banking services in emerging markets. Creditcoin captures loan transactions between banks and customers. The protocol is developed on Hyperledger Sawtooth Project and secured through a proof-of-work consensus algorithm.
The transactions are then stored on the blockchain, enabling audit risks and investment appraisals. Creditcoin proposes using the technology to reduce the cost of transaction verification and risk assessment. The platform aims to use programmable smart contracts to eliminate uncertainty by setting loan terms and conditions.
Creditcoin is a dual token ecosystem consisting of CTC and G-CRE tokens. CTC is the utility token powering Creditcoin used in settling transactions between lenders and borrowers and powers the recording of transactions in the blockchain.
There are currently 206,703,777 circulating CTC tokens from a total supply of 599,999,997 and a maximum supply of 2 billion. Creditcoin limits token sales to 200 million or 10% of its supply. The project allocates 70% of the total CTC supply to Creditcoin miners, 15% to developer Gluwa, 10% to investors, and 5% to the Creditcoin foundation. The second token, G-CRE, is an ERC20 standardized token used as a vesting asset by the Creditcoin foundation. Creditcoin was launched in 2019 by founder Tae Oh.