What is Creditcoin? How to Buy CTC Coin?

What is creditcoin? Creditcoin (CTC) is a blockchain project that records non-bank credit data using blockchain technology. In this article, you can access answers to frequently asked questions such as what is Creditcoin, what it offers, what is CTC coin, what is it used for, how to get it. As Kriptokoin.com, we have compiled it for you. Let’s examine the project together.

What is Creditcoin?

Creditcoin is a Blockchain project focused on DeFi credit system that records non-bank credit data. Not everyone has the privilege of accessing banks and getting loans on a global scale. For this reason, individuals have to take loans from institutions and individuals other than banks. The documents of the loans obtained from these institutions are not considered reliable by the banks. The project aims to solve this problem by recording users’ credit transactions on a public and transparent blockchain. Established in 2019 and running on the Ethereum Blockchain, the project can be connected to many blockchain networks. The project also has a native cryptocurrency called CTC coin.

What does Creditcoin offer?

Creditcoin stores users’ credit data, allows lenders and borrowers to communicate through a single platform, and enables transactions across multiple blockchains. Users who want to borrow can contact the lender users on the platform and get a loan. Credits received are recorded on the blockchain and stored for future use in problems that may arise. The project can be linked to multiple blockchains. Users who want to make a loan transaction do not have to process or find loans on a single blockchain. The platform rewards miners who contribute data points on the network. Project; It aims to offer products such as product recognition, product recommendations, automated smart product lists to its users in the future.

What is a CTC coin?

CTC coin is a token that works as the native cryptocurrency of the Creditcoin network. With a maximum supply capped at 2 billion units, the token was created on the Project’s Hyperledger Sawtooth blockchain. There is also a version of the token built on Ethereum with an ERC-20 smart contract. CTC works as a utility token within the network. The token has various use cases such as making payments and incentivizing users.

At the time of writing, CTC coin had a market cap of around $204 million and was the 2907th largest cryptocurrency. In addition, 207 million CTCs were in circulation.

What is CTC coin used for?

CTC coin’s use cases within the Creditcoin network are divided into two; make payments and incentives. Users pay a transaction fee to the platform in exchange for transacting within the network. CTC is the primary payment instrument for transaction fees. In addition, the platform, unlike many other projects, pays back the transaction fees paid by users after 1 year. The second use case is incentives. Users can mine by operating nodes on the blockchain. Miners are rewarded with CTC coins by the platform.

What is Creditcoin? How to buy CTC coin?

Currently CTC coin; It is traded on crypto exchanges such as KuCoin, Gate.io, Bitrex and OKX. Investors interested in the Creditcoin project should become a member of one of these exchanges. Investors who are fully members and load fiat currencies such as dollars or lira into their wallets can find the appropriate parity and place a CTC purchase order.