What is Creditcoin (CTC)?
Creditcoin is a lending protocol that operates on the blockchain. It aims to transform the way credit is accessed and provided by acting as an intermediary between borrowers and lenders. The platform allows investors and borrowers to register their matching loan condition requirements. One of the primary objectives of Creditcoin is to democratize the credit market by providing access to credit without any geographical limitations. By recording all credit transaction events immutably on the blockchain, the platform minimizes the expenses associated with verification and risk assessment. This transparency also eliminates the problem of information asymmetry, allowing decentralized finance (DeFi) to operate without over-collateralization, a common issue in traditional lending systems.
How Creditcoin (CTC) Works
Creditcoin is a blockchain that operates without permission and creates a global credit investment network. The network is made up of four main groups: investors, lending pools, lenders/fundraisers, and borrowers/end-users. Investors, including individuals and large institutions, provide liquidity to the market by placing "Ask Orders" on the blockchain, earning fixed interest on fiat or crypto liquidity pools. Lending pools or money markets are created by aggregating these Ask Orders and Gluwa Capital's liquidity to enhance the DeFi lending sector.
Fundraisers such as lending institutions or NGOs connect with the Creditcoin Blockchain through Credal, a tool that simplifies application development and deployment on the platform. Borrowers, who often lack access to conventional banking, generate the demand for funds, driving the market.
Creditcoin's token model is one-of-a-kind, with transaction fees in CTC being locked for approximately a year before being returned to the user, resulting in a stable and effective transaction environment.
Creditcoin's off-chain credit scoring system is a crucial component of its operation. Recognizing that no single credit model is suitable for all situations and the computational complexities of credit evaluation, Creditcoin allows credit scoring to be conducted off-chain. This approach provides a more adaptable credit assessment process that accommodates both on-chain and off-chain data.
How Many Creditcoin (CTC) Tokens Are in Circulation?
CTC has a total supply of 549,916,158. The current circulating supply of CTC is 310,712,767.
How to Buy Creditcoin (CTC)
Consider investing in Creditcoin (CTC)? It only takes 2 minutes to create an account on Bitget and start trading CTC.
Check out the available CTC trading pairs on Bitget!
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Creditcoin (CTC) Resources
Buy Creditcoin in Brazil with Bitget
Simple 3-step guide to buying CTC today in Brazil
Create your free Bitget account
Select a funding method
Complete your Creditcoin purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Creditcoin using a payment method of your choice:
Buy Creditcoin with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Creditcoin order.
How to buy crypto with credit/debit cardBuy Creditcoin with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Creditcoin is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Creditcoin order.How to buy crypto via third-party gatewayBuy with bank transfer
Buy Creditcoin via bank transfer: We accept PIX for BRL payments. Services are provided by AlchemyPay and Banxa payment gateways. Click Buy Crypto > [Third Party] in the top navigation bar to place your Creditcoin order.Buy Creditcoin with the fiat balance in your Bitget account
You can Deposit fiat funds using the PIX payment gateway to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Creditcoin order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Creditcoin in your Bitget spot wallet
Bitget—where the world trades Creditcoin
How to buy Creditcoin for free
- Learn how to earn Creditcoin for free through the Learn2Earn promotion
- Earn free Creditcoin by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Creditcoin airdrops by joining On-going challenges and promotions
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Portuguese is the national language of Brazil. And both the website and application of Bitget are supporting Portuguese. The currency of Brazil is the Real (BRL). It does only take a few minutes to buy cryptocurrencies on Bitget by BRL, including Crypto Trade, P2P Trading, and Third-Party Payments (using your own bank transfer, credit card, Apple Pay or Google Pay). Moreover, Bitget has also included Pix transfer, which is the system created by the Brazilian Central Bank that provided instant fiat payments to users. This offers users to buy crypto in fiat with the most secured system within seconds.
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