Creditcoin Reaches Market Cap of $138.55 Million (CTC)

Creditcoin (CTC) traded down 1.5% against the U.S. dollar during the 24-hour period ending at 7:00 AM E.T. on January 8th. One Creditcoin coin can currently be bought for approximately $0.27 or 0.00000301 BTC on major exchanges. Over the last seven days, Creditcoin has traded up 15.1% against the U.S. dollar. Creditcoin has a total market capitalization of $138.55 million and $7.87 million worth of Creditcoin was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded 7.3% lower against the dollar and now trades at $0.10 or 0.00000114 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001109 BTC.
• Electroneum (ETN) traded up 2.3% against the dollar and now trades at $0.0012 or 0.00000001 BTC.
• Verasity (VRA) traded down 15.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 2.2% lower against the dollar and now trades at $0.0322 or 0.00000036 BTC.
• SOLVE (SOLVE) traded up 10.9% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

Creditcoin Coin Profile

Creditcoin (CTC) uses the hashing algorithm. It launched on April 4th, 2019. Creditcoin’s total supply is 549,564,264 coins and its circulating supply is 510,507,831 coins. The official website for Creditcoin is creditcoin.org. The official message board for Creditcoin is creditcoin.org/blog. The Reddit community for Creditcoin is https://reddit.com/r/creditcoin and the currency’s Github account can be viewed here. Creditcoin’s official Twitter account is @creditcoin and its Facebook page is accessible here.

According to CryptoCompare, “Creditcoin is a decentralized credit network that aims to make the bridge between investors and fundraisers. The platform will allow miners (investors) to earn the platform tokens by providing capital to clients, on the other hand, the clients will raise capital by paying Creditcoin to the miners. As the whitepaper reads:”An investment in the Creditcoin network will start by matching offers from investors and fundraisers. A fundraiser will post seeking an amount, interest rate, and collateral. Additionally, the fundraiser will add some amount of Creditcoin to the offer. If is there an investor with matching conditions, the fundraiser and the investor announce the deal to the Creditcoin network. The system verifies the deal's completion by confirming the exchange of collateral and investment. Once validated, the system sends the CreditCoin attached to the investment to the investor.”Furthermore, miners will be able to select credit history parameters to be protected against various risk models.”

Buying and Selling Creditcoin

It is usually not possible to buy alternative cryptocurrencies such as Creditcoin directly using US dollars. Investors seeking to acquire Creditcoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Creditcoin using one of the exchanges listed above.

CTC/USD price chart by TradingView