The current price of Creditcoin is $1.3495. Since 00:00 UTC, Creditcoin has increased by +12.42%. It currently has a circulating supply of 313,628,928 CTC and a maximum supply of 599,999,997 CTC, giving it a fully diluted market cap of $424.75M. At present, the Creditcoin coin holds the 112 position in market cap rankings. The Creditcoin/USD price is updated in real-time.
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CreditCoin (CTC) is an advanced decentralized cryptocurrency project built on the foundations of blockchain technology. The protocol aims to revolutionize financial transactions by providing a secure, fast, and efficient platform that eliminates the need for intermediaries.
With a specific focus on the lending and borrowing market, CreditCoin aims to cater to the needs of individuals and businesses seeking convenient and streamlined access to loans for operational purposes.
What is CreditCoin
CreditCoin is a project that leverages a distributed ledger maintained by a network of nodes to record transactions. Unlike traditional financial systems, CreditCoin provides additional security and transparency. Transactions on the network are validated and processed in a decentralized manner, ensuring the integrity and reliability of the system.
Built with user-friendly technology, CreditCoin enables fast and seamless transactions. It offers the benefits of low transaction fees and high-speed processing, making it an attractive choice for individuals seeking an efficient and cost-effective solution for their financial transactions.
The CreditCoin team
CreditCoin was jointly founded by Aella and Gluwa, with Gluwa as the technology provider and Aella as the initial distributor. Gluwa is made up of a talented and diverse team of industry experts who possess extensive experience in the fields of cryptocurrency and blockchain.
Leading the team is Tae Oh, who plays a key role in the project's development. Scott Hasbrouck holds the positions of CEO at Gluwa and VP of Engineering. Sung Choi is the Vice President of Investment, while Vladimir Kouznetsov is the Lead Blockchain Architect.
How does CreditCoin work
CreditCoin operates on a permissionless blockchain, enabling a borderless credit network to facilitate financial transactions. The network involves four main parties: lending pools (LPs), fundraisers, borrowers, and other participants.
CTC: CreditCoin's native token
CTC is the native token of the CreditCoin project, serving multiple functions within the ecosystem. Its primary use is for covering transaction fees and mining rewards. Additionally, CTC operates through a unique token usage mechanism, which is utilized to settle transaction fees for every communication or update issued by the CreditCoin network.
CTC tokenomics
CreditCoin's tokenomics are designed to support the operation and growth of the network. The total supply of CTC tokens is 599,999,997, with 227,464,279 tokens currently in circulation.
CTC is the mainnet token and is vital to the network's functioning. It is used for settling transaction fees and providing rewards to miners. The network also utilizes another token called G-CRE, which operates alongside CTC to enable specific functions within the ecosystem.
CTC use cases
The CTC token serves various use cases within the CreditCoin ecosystem. These include offering staking privileges, allowing users to earn rewards through staking their CTC tokens.
Additionally, the CTC token is used to pay transaction fees, providing a means for users to conduct transactions on the network. Furthermore, CTC token holders can participate in the governance of the CreditCoin ecosystem by using their tokens to vote on specific upgrades and proposals.
CTC distribution
The distribution of CTC tokens is allocated among four key participants within the network:
Seventy percent of the tokens are allocated to CreditCoin miners, who utilize the funds to support the network, run contracts, and maintain the blockchain.
Fifteen percent is directed to Gluwa for deployment, research and development, marketing, distribution, administration costs, and business development.
Ten percent of the tokens are distributed to partners involved in network development, business development, and support.
Five percent is allocated to the CreditCoin Foundation.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 628 new posts about Creditcoin, driven by 80 contributors, and total online engagement reached 50K social interactions. The sentiment score for Creditcoin currently stands at 74%. Compared to all cryptocurrencies, post volume for Creditcoin currently ranks at 3339. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Creditcoin.
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Posts
628
Contributors
80
Interactions
49,523
Sentiment
74%
Volume rank
#3339
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Posts
619
Interactions
49,443
Sentiment
75%
CTC FAQ
How much is Creditcoin worth today?
Currently, one Creditcoin is worth $1.3495. For answers and insight into Creditcoin's price action, you're in the right place. Explore the latest Creditcoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Creditcoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Creditcoin have been created as well.
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