Creditcoin (CTC) Market Capitalization Tops $36.46 Million

Creditcoin (CTC) traded 3.2% lower against the U.S. dollar during the 1 day period ending at 7:00 AM E.T. on August 12th. One Creditcoin coin can now be purchased for about $0.0663 or 0.00000103 BTC on popular exchanges. Creditcoin has a total market capitalization of $36.46 million and $1.16 million worth of Creditcoin was traded on exchanges in the last day. Over the last seven days, Creditcoin has traded down 3.7% against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded up 1.6% against the dollar and now trades at $0.0347 or 0.00000054 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001558 BTC.
• Electroneum (ETN) traded down 1.5% against the dollar and now trades at $0.0007 or 0.00000001 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded 1.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded up 4.6% against the dollar and now trades at $0.0135 or 0.00000021 BTC.
• SOLVE (SOLVE) traded 2.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Creditcoin Profile

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

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 presently possible to buy alternative cryptocurrencies such as Creditcoin directly using U.S. dollars. Investors seeking to acquire Creditcoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Creditcoin using one of the aforementioned exchanges.

CTC/USD price chart by TradingView