Creditcoin (CTC) is a blockchain-based decentralized credit network that enables the issuance, transfer, and settlement of credit-based digital assets. It aims to create a transparent, secure, and efficient ecosystem for lending and borrowing, leveraging the benefits of blockchain technology.

Creditcoin was created by the team at FLATLAY Inc., a technology company that specializes in e-commerce and digital advertising. The project was launched in 2018 with the goal of revolutionizing the credit and lending industry by utilizing blockchain technology to transform traditional credit systems.

Creditcoin is used for a variety of purposes within the Creditcoin ecosystem. It is used to facilitate peer-to-peer lending and borrowing, as well as to settle credit-based digital assets. Creditcoin can also be used as collateral for loans, providing borrowers with access to credit based on the value of their CTC holdings. Additionally, CTC can be used for staking and as a means of participating in the governance and decision-making processes of the Creditcoin network.