The information about the Creditcoin (CTC) token is as follows: Creditcoin (CTC) is an ERC-20 token launched on the Ethereum blockchain, designed to facilitate a decentralized credit investment network aimed at bridging traditional lending with digital assets. Developed by Gluwa, a Silicon Valley-based company founded in 2012 by Tae-Lim Oh, CTC powers the Creditcoin protocol, which records credit transaction histories immutably on a public ledger to enhance transparency and trust. Launched on April 4, 2019, in partnership with Aella, a Nigerian fintech serving over one million users, the token operates under the Ethereum smart contract address 0xa3ee21c306a700e682abcdfe9baa6a08f3820419. It aims to address financial inclusion by enabling the unbanked in emerging markets to build verifiable credit histories, connecting them with investors globally without intermediaries.

CTC serves multiple roles within its ecosystem. As an ERC-20 token, labeled G-CRE in this context, it is used for vesting and trading on centralized and decentralized exchanges like Uniswap, while a native Mainnet CTC version exists on Creditcoin’s own blockchain for staking and network participation. The token facilitates transaction fees for recording credit activities—such as loans, payments, and bond transactions—on Ethereum-compatible smart contracts, leveraging the Proof-of-Work (PoW) consensus mechanism initially, with plans to transition to Nominated Proof-of-Stake (NPoS). Posts on X emphasize its interoperability, supporting loan payments and repayments on blockchains like Bitcoin and Ethereum, with future integrations planned, creating an inter-blockchain lending market. CTC also enables governance, allowing holders to vote on ecosystem upgrades, and supports miners with rewards for validating transactions.

The Creditcoin ecosystem targets real-world credit applications, connecting lenders and borrowers in a borderless network. Fundraisers post loan offers with interest and collateral, while investors assess risks using on-chain credit histories, with transactions executed trustlessly via smart contracts. The token’s dual existence—Ethereum-based G-CRE and native CTC—enhances flexibility, with tools like SwapCTC allowing conversion between versions. Built with Solidity and audited for security, CTC integrates with Ethereum’s robust infrastructure, supporting DeFi applications through its EVM-compatible environment. The project’s partnerships, such as with Aella and institutions in Myanmar, aim to expand lending services in challenging markets, while its broader vision, as noted on X and its website, is to democratize credit access by replacing collateral-based lending with credit-based systems, reducing verification costs and information asymmetry.