Creditcoin (CTC) Reaches Market Capitalization of $63.91 Million

Creditcoin (CTC) traded down 0.4% against the US dollar during the 24 hour period ending at 8:00 AM ET on October 3rd. One Creditcoin coin can now be bought for approximately $0.12 or 0.00000137 BTC on popular cryptocurrency exchanges. In the last week, Creditcoin has traded down 2.7% against the US dollar. Creditcoin has a market cap of $63.91 million and approximately $2.61 million worth of Creditcoin was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• IOTA (MIOTA) traded down 3.4% against the dollar and now trades at $0.0537 or 0.00000063 BTC.
• Electroneum (ETN) traded down 5.7% against the dollar and now trades at $0.0021 or 0.00000002 BTC.
• Pax Dollar (USDP) traded down 0.2% against the dollar and now trades at $1.00 or 0.00001177 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded down 4.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• SOLVE (SOLVE) traded 0.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Meter Governance (MTRG) traded up 1.6% against the dollar and now trades at $0.0012 or 0.00000001 BTC.

Creditcoin Profile

CTC uses the hashing algorithm. Its launch date was April 4th, 2019. Creditcoin’s total supply is 549,564,264 coins. Creditcoin’s official Twitter account is @creditcoin and its Facebook page is accessible here. Creditcoin’s official message board is creditcoin.org/blog. Creditcoin’s official website is creditcoin.org. The Reddit community for Creditcoin is https://reddit.com/r/creditcoin and the currency’s Github account can be viewed 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. Telegram, Discord, Reddit, MediumWhitepaper”

Buying and Selling Creditcoin

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

CTC/USD price chart by TradingView