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About Creditcoin
Disclosures
Creditcoin risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Creditcoin. All crypto assets are risky, there are general risks in investing in Creditcoin. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
DeFi tokens
Decentralised Finance ("DeFi") tokens are crypto assets built on decentralised blockchain technology for financial applications or protocols. Risks linked to DeFi tokens include:
Enterprise Risk
Interactions between multiple DeFi protocols create a situation where a vulnerability or breakdown in one protocol can trigger a cascading effect, affecting other interconnected platforms.
Technology Risk
DeFi protocols frequently depend on external data sources or oracles, and any tampering or inaccuracies in these data streams can result in a lack of trust and reliability in the protocols.
Regulatory Risk
Governments and regulatory bodies around the world can introduce new regulations or ban certain aspects of the cryptocurrency market, affecting its legality and viability, which could affect token liquidity and/or value.
Legal Risk
Certain tokens may be used for operating a decentralised exchange platform which may contain additional risks:
- The platform may allow users to participate who have not been vetted or verified and therefore expose the possibility that users are interacting with sanctioned entities.
- The platform may be accessible in jurisdictions where some or all the exchange activity should be regulated. If a local regulator deemed the platform activity to be in breach of local regulation, they may request cessation or termination of the service which could affect token liquidity and/or value.
Market Risk
Given their novelty, the evolving technology involved and lack traditional asset structure, valuing crypto assets can be very difficult or impossible. This means valuations are determined by demand that is at risk of manipulation in various ways.
Creditcoin’s price performance
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Creditcoin FAQ
CreditCoin (CTC) is an interoperable lending protocol that runs on blockchain. The protocol brings lenders and borrowers together who will register for matching loan condition requirements. The platform seeks to support a borderless credit network.
CreditCoin lowers the cost of risk assessment and verification by creating a blockchain that will record on-chain credit transaction events. The lenders can also access the credit history, assess the level of risk and make informed decisions.
Easily buy CTC tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is CTC/USDT.
Swap your existing cryptocurrencies, including XBitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for CTC with zero fees and no price slippage by using OKX Convert.
Dive deeper into Creditcoin
CreditCoin (CTC) is an advanced decentralized cryptocurrency project built on the foundations of blockchain technology. The protocol aims to revolutionize financial transactions by providing a secure, fast, and efficient platform that eliminates the need for intermediaries.
With a specific focus on the lending and borrowing market, CreditCoin aims to cater to the needs of individuals and businesses seeking convenient and streamlined access to loans for operational purposes.
What is CreditCoin
CreditCoin is a project that leverages a distributed ledger maintained by a network of nodes to record transactions. Unlike traditional financial systems, CreditCoin provides additional security and transparency. Transactions on the network are validated and processed in a decentralized manner, ensuring the integrity and reliability of the system.
Built with user-friendly technology, CreditCoin enables fast and seamless transactions. It offers the benefits of low transaction fees and high-speed processing, making it an attractive choice for individuals seeking an efficient and cost-effective solution for their financial transactions.
The CreditCoin team
CreditCoin was jointly founded by Aella and Gluwa, with Gluwa as the technology provider and Aella as the initial distributor. Gluwa is made up of a talented and diverse team of industry experts who possess extensive experience in the fields of cryptocurrency and blockchain.
Leading the team is Tae Oh, who plays a key role in the project's development. Scott Hasbrouck holds the positions of CEO at Gluwa and VP of Engineering. Sung Choi is the Vice President of Investment, while Vladimir Kouznetsov is the Lead Blockchain Architect.
How does CreditCoin work
CreditCoin operates on a permissionless blockchain, enabling a borderless credit network to facilitate financial transactions. The network involves four main parties: lending pools (LPs), fundraisers, borrowers, and other participants.
CTC: CreditCoin's native token
CTC is the native token of the CreditCoin project, serving multiple functions within the ecosystem. Its primary use is for covering transaction fees and mining rewards. Additionally, CTC operates through a unique token usage mechanism, which is utilized to settle transaction fees for every communication or update issued by the CreditCoin network.
CTC tokenomics
CreditCoin's tokenomics are designed to support the operation and growth of the network. The total supply of CTC tokens is 599,999,997, with 227,464,279 tokens currently in circulation.
CTC is the mainnet token and is vital to the network's functioning. It is used for settling transaction fees and providing rewards to miners. The network also utilizes another token called G-CRE, which operates alongside CTC to enable specific functions within the ecosystem.
CTC use cases
The CTC token serves various use cases within the CreditCoin ecosystem. These include offering staking privileges, allowing users to earn rewards through staking their CTC tokens.
Additionally, the CTC token is used to pay transaction fees, providing a means for users to conduct transactions on the network. Furthermore, CTC token holders can participate in the governance of the CreditCoin ecosystem by using their tokens to vote on specific upgrades and proposals.
CTC distribution
The distribution of CTC tokens is allocated among four key participants within the network:
- Seventy percent of the tokens are allocated to CreditCoin miners, who utilize the funds to support the network, run contracts, and maintain the blockchain.
- Fifteen percent is directed to Gluwa for deployment, research and development, marketing, distribution, administration costs, and business development.
- Ten percent of the tokens are distributed to partners involved in network development, business development, and support.
- Five percent is allocated to the CreditCoin Foundation.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.