Creditcoin Reaches Market Cap of $53.32 Million (CTC)

Creditcoin (CTC) traded 1% lower against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on September 5th. Over the last week, Creditcoin has traded up 12.1% against the US dollar. Creditcoin has a total market cap of $53.32 million and approximately $1.68 million worth of Creditcoin was traded on exchanges in the last day. One Creditcoin coin can currently be bought for approximately $0.0970 or 0.00000122 BTC on major cryptocurrency exchanges.

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

• IOTA (MIOTA) traded down 2.2% against the dollar and now trades at $0.0395 or 0.00000050 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001256 BTC.
• Electroneum (ETN) traded down 5% against the dollar and now trades at $0.0010 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 down 3.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded down 1.4% against the dollar and now trades at $0.0097 or 0.00000012 BTC.

Creditcoin Profile

Creditcoin (CTC) uses the hashing algorithm. It was first traded on April 4th, 2019. Creditcoin’s total supply is 549,564,264 coins. 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. The official message board for Creditcoin is creditcoin.org/blog. 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 US dollars. Investors seeking to trade Creditcoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Creditcoin using one of the exchanges listed above.

CTC/USD price chart by TradingView