Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

What is Creditcoin (CTC)?

Creditcoin basic info

Name:Creditcoin
Ticker:
Introduction:

What Is Creditcoin?

Creditcoin is a blockchain-based interoperable lending protocol designed to revolutionize the way credit is accessed and provided. It serves as a bridge between investors or lenders and fundraisers or borrowers, who register matching loan condition requirements. This innovative platform aims to democratize the credit market by making credit available to everyone, regardless of geographical boundaries. By recording credit transaction events immutably on the blockchain, Creditcoin significantly reduces the costs associated with verification and risk assessment. This transparency not only diminishes information asymmetry but also liberates decentralized finance (DeFi) from the constraints of over-collateralization, a common issue in traditional lending systems.

The platform's open economy model further lowers networking costs, allowing any party to use Creditcoin for various purposes such as competing for funding, investing money, forming lending pools, or developing applications. Transactions, once agreed upon, are settled on separate blockchains. Creditcoin stands out by replacing collateral-based lending with credit-based lending, offering a unique approach in the DeFi space. It operates on a Proof of Work consensus mechanism, ensuring security and reliability within its network.

Resources

Whitepaper: https://docsend.com/view/2zwzxde

Official Website: https://creditcoin.org/

How Does Creditcoin Work?

Creditcoin operates as a permissionless blockchain, fostering a borderless credit investment network. Its network comprises four main parties: Investors, Lending Pools, Fundraisers/Lenders, and End-User/Borrowers. Investors, ranging from individuals to large institutions, add liquidity to the market through "Ask Orders" on the blockchain, thereby earning fixed interest on pools of liquidity in fiat or crypto. Lending Pools or Money Markets are created by aggregating these ask orders, along with Gluwa Capital, to boost the DeFi lending sector.

Fundraisers, which can be various lending institutions or organizations like NGOs, connect with the Creditcoin Blockchain using Credal, a tool that simplifies the development and deployment of applications on the platform. Borrowers, often those with limited access to traditional banking, create the demand for funds, driving the market forward. Creditcoin's unique token model, where transaction fees in CTC are locked for about a year before being returned to the user, ensures a stable and efficient transaction environment.

An essential aspect of Creditcoin's functionality is its off-chain credit scoring system. Recognizing that no single credit model fits all scenarios and the computational intensity of credit assessment, Creditcoin leaves the credit scoring to be conducted off-chain. This approach allows for a more flexible and adaptable credit assessment process, accommodating both on-chain and off-chain data.

What Is CTC Token?

CTC, the mainnet token of Creditcoin, plays a pivotal role in the network's operation. It is used for transaction fees and as a reward for miners who secure the network. Each action on the Creditcoin blockchain, such as announcements or loan cycles, incurs a cost in CTC. This token model is designed to reduce uncertainty for parties transacting on Creditcoin, offering a multi-use utility token that provides long-term stability.

The total supply of Creditcoin tokens (CTC) is capped at 2 billion, with a portion allocated for mining rewards, development, and network governance. CTC's unique feature is that transaction fees are locked on the network for approximately a year before being returned to the user, symbolizing a permanent right to use the network. Additionally, Creditcoin also uses G-CRE, an ERC20 token primarily for vesting and trading, which can be exchanged for CTC using a 1:1 swap function.

What Determines Creditcoin’s Price?

The price of Creditcoin (CTC), like any cryptocurrency, is influenced by a complex interplay of factors, pivotal in the volatile landscape of blockchain and digital assets. Market demand and supply dynamics play a crucial role in determining CTC's price. As investors and users engage with the Creditcoin network for lending and borrowing, the demand for CTC increases, potentially driving up its price. This demand is further influenced by the platform's adoption rate and the success of its lending model, which connects borrowers and lenders across different blockchain networks. The unique value proposition of Creditcoin in facilitating credit-based lending without the need for traditional collateral significantly impacts its attractiveness to users, thereby influencing demand.

Another key factor is the broader cryptocurrency market trends and investor sentiment, which often dictate the price movements of individual tokens like CTC. Economic events, regulatory news, and technological advancements within the blockchain sector can cause significant fluctuations in crypto prices, including Creditcoin. Additionally, the tokenomics of CTC, particularly its fixed supply cap of 2 billion tokens and the innovative mechanism of locking transaction fees for a year, create a unique supply scenario that can affect its market value. As the blockchain and cryptocurrency sector continues to evolve, the integration of Creditcoin with other major blockchains and its effectiveness in providing a decentralized credit platform will be critical in shaping its market valuation.

Show more
Current price:
All-time high:$8.71
All-time low:$0.1252

CTC supply and tokenomics

Circulating supply:412,084,770 CTC
Total supply:549,564,264 CTC
Max supply:600,000,000 CTC
Market cap:$565.51M
Fully diluted market cap:$823.39M

Links

Buy Creditcoin for $1Buy CTC now

What is the development prospect and future value of CTC?

The market value of CTC currently stands at $565.51M, and its market ranking is #145. The value of CTC is widely recognized by the market. When the bull market comes, the market value of CTC will likely continue to increase.

Moreover, if CTC can play a greater role in practical applications, such as Creditcoin builders fully leveraging the potential of CTC, partnering with more businesses, and increasing its user base, the long-term value of CTC will be significantly enhanced.

What will the price of CTC be in 2025?
Based on CTC's historical price performance prediction model, the price of CTC is projected to reach $1.56 in 2025.
What will the price of CTC be in 2030?
In 2030, the CTC price is expected to change by -4.00%. By the end of 2030, the CTC price is projected to reach $2.7, with a cumulative ROI of +124.70%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of CTC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is CTC worth investing or holding? How to buy CTC from a crypto exchange?

If you want to buy CTC, the following information may be helpful for your investment decisions:
In the last seven days, the price of CTC has risen by 5.41%, leading to positive returns for most CTC investors. The market is currently optimistic about the price trend of CTC.
It is important to note that the current price of CTC has retreated by -84.24% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether CTC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in CTC or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of CTC, if you want to buy or sell CTC, you can consider Bitget for your trading needs. The best place to buy CTC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Creditcoin has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Creditcoin. Here's a step-by-step guide on how to buy Creditcoin on Bitget.

How to get Creditcoin through other methods?

Using cash to buy Creditcoin is not the only way to obtain Creditcoin. If you have the time to spare, you can get Creditcoin for free.
Learn how to earn Creditcoin for free through the Learn2Earn promotion.
Earn free Creditcoin by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Creditcoin airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Creditcoin through Bitget Convert, Bitget Swap, or spot trading.

What is Creditcoin used for and how to use Creditcoin?

The use case of Creditcoin may expand as the crypto market and the project itself develop. Currently, you can use CTC to achieve the following goals:
Arbitrage by trading CTC: Since CTC is a frequently traded cryptocurrency, the price of CTC is always fluctuating. Earn more CTC by buying low and selling high on the exchange. Bitget spot market provides a variety of CTC trading pairs to fully meet your needs.
Earn by staking CTC: You can also generate income through financial management methods such as staking CTC or lending CTC. Bitget Earn offers a variety of financial products designed to help you earn more income from your CTC.
Send or pay CTC: If you want to give CTC to your friends, a charity, or a fundraiser, or you want to pay someone with CTC, you can quickly and easily send CTC to the recipient through their payment address.
You can also go to the official website of the Creditcoin project to learn more about the use cases of CTC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Learn about other cryptos

New listings on Bitget

New listings

Recently added coin prices

More
A selection of recently added coins

Trending coin prices

More
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours

Where can I buy Creditcoin (CTC)?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
Download Bitget APP on Google PlayDownload Bitget APP on AppStore
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.