CTC Token 101

What is CTC?

CTC is the native token of the Creditcoin blockchain, enabling real-world credit transactions on an immutable, public ledger. It bridges traditional lending with digital assets, supporting credit access without intermediaries.

Creditcoin’s tokens are available on two blockchains: Creditcoin and Ethereum. Here, we’ll explain everything you need to know about these tokens, why they’re essential to the ecosystem, and how they enable different functions like paying gas fees, interacting with smart contracts, and staking on the network.

Creditcoin Tokens

1. CTC (Native) – Used on Creditcoin’s Native chain for staking, validator roles, and network participation.

2. CTC (EVM) – Compatible with EVM-based smart contracts for DeFi apps on Creditcoin’s EVM environment.

Switch between these tokens using the SwapCTC tool.

Ethereum Tokens

1. G-CRE: Creditcoin's ERC-20 token which can be found on centralized exchanges.

2. wCTC: Creditcoin's wrapped ERC-20 token which has limited liquidity on Uniswap. Note that this version is unavailable on centralized exchanges.

CTC Functions

• Smart Contracts: Use CTC (EVM) to interact with dApps on Creditcoin’s EVM chain.

• Gas Fees: Pay with CTC (Native) for Substrate transactions and CTC (EVM) for EVM-based transactions.

• Staking: Stake CTC (Native) to secure the network and earn rewards.

• DeFi: Access Ethereum-compatible DeFi applications directly with CTC (EVM).

Why Use CTC?

Mainnet CTC tokens fuel Creditcoin, offering decentralized credit access, staking rewards, cross-chain DeFi compatibility, and community governance. Understanding the distinguishing features of Mainnet CTC tokens empowers you to maximize your participation and benefits within the Creditcoin ecosystem. For more information, you can read the full blog post here.