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Chilean peso (CLP) to CTC (CTC) Instantly

Purchase CTC (CTC) with Chilean peso (CLP) easily at Switchere and benefit from fast, secure transactions.

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About
CTC (CTC)

Creditcoin (CTC) is a foundational blockchain technology designed to address a critical gap in the global financial system: the lack of a universal, transparent credit history. Its primary objective is to create a decentralized network for a borderless credit market, specifically targeting the unbanked and underbanked populations. By recording loan performance on a public digital ledger, Creditcoin provides a mechanism for individuals and businesses to build a verifiable, on-chain credit history. This digital asset aims to bridge the divide between traditional finance and DeFi applications, fostering greater financial inclusion by making credit more accessible and transparent across the globe through its innovative Web3 infrastructure.

The core of the Creditcoin protocol involves linking real-world, off-chain loan agreements to its immutable blockchain. This process creates objective proof of creditworthiness that is not controlled by any single entity. The native utility token, CTC, is integral to the ecosystem's operation. It is used to pay for transaction fees required to record credit transactions, such as loan requests and repayments, on the chain. Furthermore, CTC can be utilized for staking to enhance the cryptographic security of the network. This unique approach to integrating real-world assets (RWA) in the form of private credit establishes a foundational layer for on-chain reputation and new financial products.

CTC (CTC)

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How to Buy CTC (CTC)

  1. Select currency menu

    Choose CLP to CTC Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your CTC Wallet Address

    Provide your CTC wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your CTC

    Complete the payment, and your CTC will be sent to your wallet.

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Frequently Asked Questions

  • What is the CLP/CTC pair and why is it significant for Real World Assets (RWA)?

    The CLP/CTC pair represents the direct exchange rate between the Chilean Peso and Creditcoin (CTC). Its significance lies in bridging traditional finance with decentralized finance. Creditcoin is a blockchain protocol designed to record credit transaction history, effectively bringing unrecorded Real World Assets (RWA) like loans onto an immutable ledger. This pairing provides a crucial fiat on-ramp for users in Chile to participate in a global, transparent credit ecosystem.

  • How does Creditcoin's Proof-of-Credit mechanism add value beyond a simple CLP transaction?

    A simple CLP transaction is just a value transfer. Acquiring CTC with CLP, however, means engaging with Creditcoin's unique Proof-of-Credit consensus mechanism. This protocol doesn't just secure the network; it objectively records lending and borrowing activities on-chain. This creates an immutable, borderless credit history, providing a layer of trust and verifiability for financial agreements that is fundamentally absent in traditional fiat systems, especially for the underbanked.

  • How does trading CLP/CTC facilitate financial inclusion in emerging markets?

    The CLP/CTC pair acts as a vital gateway for individuals in Chile, an emerging market, to access a global credit system. Creditcoin's protocol allows anyone, regardless of their access to traditional banking, to build a verifiable, on-chain credit history by recording loans and repayments. This immutable record can then be used to secure future financial services, directly promoting financial inclusion by creating a trust layer that transcends local, often inaccessible, credit bureaus.

  • What are the common methods to buy Creditcoin (CTC) using Chilean Pesos (CLP)?

    To purchase CTC with CLP, you typically need a cryptocurrency exchange that offers a direct CLP fiat on-ramp. The process involves creating an account and completing KYC/AML compliance checks. Once verified, you can deposit Chilean Pesos via common local payment methods like bank transfers (transferencia bancaria) or WebPay. After funding your account, you can place a buy order on the CLP/CTC order book to acquire the digital asset.

  • What are the typical fees and security practices for CLP to CTC transactions?

    When converting CLP to CTC, expect several potential fees: a deposit fee for adding CLP to the exchange, a trading fee (maker or taker) for executing the order, and a network withdrawal fee to move your CTC to a secure, non-custodial digital wallet. For security, it's paramount to use a reputable exchange with strong security measures and to transfer your CTC off the exchange into a personal wallet where you control the private keys, thus mitigating counterparty risk.

  • After buying CTC with CLP, can I use it for lending and borrowing within the Creditcoin ecosystem?

    Yes, absolutely. While CTC serves as the gas token for the network's operations, its primary utility is within the broader Creditcoin and Gluwa ecosystem. Once you hold CTC, you can participate in platforms like Gluwa Invest, which facilitates lending and borrowing. Your on-chain activities contribute to the Proof-of-Credit mechanism, creating a transparent record of your financial reliability that can be leveraged for future opportunities, bridging your initial CLP investment to the world of DeFi.

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