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
Simple 3-step guide to buying CTC today in Chad
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
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Creditcoin order.Buy Creditcoin with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways 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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FAQ
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Chad is a landlocked nation in central Africa. The landscape resembles a narrow basin with mountains encircling it to the north, east, and south. It progressively rises from the region around Lake Chad in the west. The Central African CFA franc is the national currency of Chad, which has a population of 17,506,265 (as of 2022). Using P2P trading and other cryptocurrency deposit methods on the Bitget Platform, you can buy Creditcoin(CTC) in Chad in under ten minutes.
The official languages of Chad are French and Arabic. The Bitget app and website are available in both French and Arabic.
Beautiful cities in Chad include N'Djamena, Moundou, Sarh, Abéché, and many more. Wherever you are in Chad, Bitget will be there to give you a secure and straightforward crypto trading experience.
Chad's climate can be classified as tropical with a wet season in the south, semi-desert in the center, and desert in the north. The terrain of Chad exhibits a striking array of topographical contrasts. Only 1% of Chad's population lives in the wide northern third, which is surrounded by the Sahara Desert and is sparsely populated.
Chad gained its independence on August 11th, 1960, and elected François Tombalbaye, a Sara by ethnicity, as its first president. Tombalbaye formed a one-party system and outlawed opposition parties two years later. The Zakouma National Park, Lake Chad, Ennedi Desert, Chad National Museum, N'Djamena Historic Quarter, and Abéché, Chad, are just a few of the breathtaking sites in Chad. Bitget exchange is the most effective cryptocurrency trading platform in Chad.