Creditcoin (CTC) Hits 24-Hour Volume of $7.28 Million

Creditcoin (CTC) traded down 4.3% against the U.S. dollar during the twenty-four hour period ending at 7:00 AM Eastern on May 12th. One Creditcoin coin can now be purchased for approximately $0.16 or 0.00000201 BTC on popular cryptocurrency exchanges. Creditcoin has a total market cap of $87.57 million and approximately $7.28 million worth of Creditcoin was traded on exchanges in the last day. In the last seven days, Creditcoin has traded up 9.2% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded 3.4% lower against the dollar and now trades at $0.0628 or 0.00000078 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001240 BTC.
• Electroneum (ETN) traded down 0.1% against the dollar and now trades at $0.0010 or 0.00000001 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 0% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded down 3.5% against the dollar and now trades at $0.0202 or 0.00000025 BTC.

Creditcoin Profile

CTC uses the hashing algorithm. It was first traded on April 4th, 2019. Creditcoin’s total supply is 549,564,264 coins and its circulating supply is 540,658,812 coins. The official website for Creditcoin is creditcoin.org. Creditcoin’s official message board 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. Telegram, Discord, Reddit, MediumWhitepaper”

Buying and Selling Creditcoin

It is usually not possible to buy alternative cryptocurrencies such as Creditcoin directly using U.S. dollars. Investors seeking to acquire Creditcoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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