Price
$0.41
12/9/2022, 1:05:38 PM
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Market

Market stats

Market cap

$85.5M

Volume (24h)

$9.7M

Circulating supply

207.3M CTC

All time high

$8.71

Price change (1h)

-0.13%

Price change (24h)

-0.56%

Price change (7d)

+18.25%

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Creditcoin is on the rise this week.

The price of Creditcoin has risen by 18.25% in the past 7 days. The price declined by 0.56% in the last 24 hours. In just the past hour, the price shrunk by 0.13%. The current price is $0.41 per CTC. Creditcoin is 95.26% below the all time high of $8.71.

The current circulating supply is 207,254,279 CTC.

About

What Is Creditcoin (CTC) ?

Creditcoin is a permissionless, public blockchain created to facilitate a borderless credit investment network. At its most basic level, Creditcoin connects fundraisers/borrowers with lenders, who register stating their loan condition requirements, such as maturity dates and interest rate. The public blockchain of Creditcoin Network creates a credit lending infrastructure that provides microfinance providers and fintech lenders with better access to capital.

Cryptocurrency still lacks a developed market for credit-based borrowing or lending. Creditcoin resolves this issue by building a blockchain that facilitates an efficient, borderless, and open market for credit. Moreover, Creditcoin serves the millions of under-banked and unbanked people in the developing world. The transaction history of Creditcoin is stored objectively to allow transacting parties to screen potential investments and audit risk.

Some of the main features of Creditcoin include instantaneous settlement of lending and borrowing. The decentralized solution of Creditcoin allows seamless creation of lending markets by offering fast closing of bid/ask spreads. Immutable credit history and scoring are some of the notable characteristics of Creditcoin. Creditcoin facilitates immutable records of transaction data.

According to its whitepaper, the Creditcoin ecosystem has two distinct tokens representing the same underlying asset. The main net token of Creditcoin, CTC, is used for transaction fees and mining rewards. G-CRE is the trading and vesting token of Creditcoin. G-CRE is token-based, on the ERC20 Ethereum network standard. The proprietary utility token of CTC enables the recording of transactions on the Creditcoin Network. CTC facilitates transactions between lenders and borrowers in a smooth and secured manner.

Creditcoin bootstraps transparency into its ecosystem to facilitate the trust and market information required for efficient lending markets. Further, it bridges the gap between cryptocurrencies and the real-world lending economy. The goal of Creditcoin is to connect blockchain assets with a straightforward protocol to design an inter-blockchain lending market, bringing the crypto ecosystem closer to a sound currency. 

History of Creditcoin (CTC)

Creditcoin was developed jointly by two companies, Aella and Gluwa. Aella is the initial distributor of Creditcoin and Gluwa is the technology provider. Tae Oh is the CEO and founder of Gluwa. Vladimir Kouznetsov is the lead blockchain architect of Gluwa. Akin Jones is the CEO of Aella, and Wale Akanbi is the CTO. 

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FAQ

What is the current price of Creditcoin?

The price of 1 Creditcoin currently costs $0.41.

What is the market cap of Creditcoin?

The current market cap of Creditcoin is $85.52M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Creditcoin?

The all-time high of Creditcoin is $8.71. This all-time high is highest price paid for Creditcoin since it was launched.

What is the 24 hour trading volume of Creditcoin?

Over the last 24 hours, the trading volume of Creditcoin is $9.75M.

What other assets are similar to Creditcoin?

Assets that have a similar market cap to Creditcoin include Ocean Protocol, Vulcan Forged PYR, Celer Network, and many others. To see a full list, see our comparable market cap assets.

How many Creditcoin are there?

The current circulating supply of Creditcoin is 207 million.