Creditcoin is a Layer 1 blockchain network designed to facilitate financial inclusion and empower organizations to achieve greater global social impact through blockchain technology. It serves as a decentralized infrastructure for real-world assets (RWAs) and financial services, with a particular focus on emerging markets. ^[1]

Overview

Creditcoin was developed to address the challenges of financial exclusion in emerging markets by creating a decentralized network that enables financial institutions to provide microloans and build on-chain credit reputations. The platform connects traditional financial systems with blockchain technology, allowing for greater transparency, efficiency, and accessibility in lending and borrowing processes.

The network has established itself as a significant player in the real-world asset (RWA) space, working with local financial partners to disburse loans to underserved populations. For example, through its partnership with Aella, Creditcoin has facilitated the disbursement of 100 billion Naira to over 2 million Nigerians, demonstrating its practical impact on financial inclusion.

Beyond financial services, Creditcoin has expanded its ecosystem to include decentralized exchanges, satellite-based internet infrastructure, and consumer applications. This diversification reflects the platform's broader mission of connecting blockchain technology to real-world utility and social impact. ^{[3] [1] [2]}

History

Creditcoin's journey began in 2016 when Tae Oh founded Gluwa, the company behind Creditcoin, with the mission of building blockchain-based solutions to real-world problems. Oh recognized that emerging markets were poised for explosive growth but faced technological constraints that limited their potential.

The project was established as a pioneer in the real-world asset (RWA) space before the term became widely used in the blockchain industry. From its inception, Creditcoin focused on financial inclusion in emerging markets, creating infrastructure for financial institutions to empower individuals and small businesses through microloans and on-chain credit reputations.

A significant milestone in Creditcoin's development was the launch of its EVM-compatible mainnet in 2024, which marked a major step in the platform's evolution. This upgrade enhanced the network's interoperability and scalability, enabling it to support a wider range of decentralized applications (dApps), including RWA protocols and games.

Prior to the mainnet launch, Creditcoin conducted an extensive testnet phase to ensure the stability and security of its EVM-compatible network. This preparatory work laid the foundation for the platform's expanded capabilities and ecosystem growth. ^{[6] [3] [4] [5]}

Technology

Creditcoin operates as an EVM-compatible Layer 1 blockchain, which allows it to support smart contracts and decentralized applications while maintaining compatibility with the Ethereum ecosystem. This architecture provides developers with familiar tools and frameworks for building on the Creditcoin network. ^[6]

The platform supports two types of tokens on its mainnet: Native CTC and EVM CTC. Users can convert between these token types to interact with different aspects of the Creditcoin ecosystem. Native CTC is used for the original Creditcoin blockchain, while EVM CTC enables interaction with smart contracts on the EVM-compatible layer. ^[7]

Creditcoin has also developed bridging technology that allows users to transfer Ethereum-based Creditcoin tokens (G-CRE and wCTC) to the Creditcoin Mainnet. This interoperability enhances the platform's utility and accessibility across different blockchain environments. ^[8]

To support user interaction with the network, Creditcoin has released Credit Wallet, a non-custodial mobile application available for Android and iOS. This wallet serves as an all-in-one solution for managing digital assets and interacting with dApps on the Creditcoin network. ^[9]

Ecosystem Development

Creditcoin has been actively building its ecosystem through various initiatives and partnerships. A key component of this ecosystem is Penguinswap, a decentralized exchange (DEX) built on the Creditcoin blockchain. Penguinswap enables users to swap tokens, provide liquidity, and engage with the Creditcoin ecosystem while maintaining control over their assets. ^[10]

The platform has also established strategic partnerships to expand its reach and capabilities. One notable partnership is with Credefi, a blockchain lending platform that bridges the gap in debt financing across the European Union. This collaboration aims to democratize and streamline access to real-world assets globally. ^[11]

Another significant development in the Creditcoin ecosystem is Spacecoin, the first decentralized application (dApp) built on Creditcoin. Spacecoin is a decentralized physical infrastructure network (DePIN) powered by nanosatellites, aiming to provide satellite-based internet connectivity to underserved regions. This initiative aligns with Creditcoin's mission of connecting the unconnected and expanding access to digital services. ^[12]

To accelerate growth and innovation within its ecosystem, Creditcoin has launched the Creditcoin Ecosystem Investment Program (CEIP), a $10 million initiative managed by Credit Labs. This program is designed to support developers and entrepreneurs building on the Creditcoin network. ^[13]

Creditcoin (CTC) Token

The Creditcoin token (CTC) serves as the native cryptocurrency of the Creditcoin network. It exists in multiple forms across different blockchain environments, including:

• Mainnet CTC (Native) - The original token on the Creditcoin blockchain;
• Mainnet CTC (EVM) - The EVM-compatible version used for smart contract interactions;
• G-CRE - An Ethereum-based version of Creditcoin;
• wCTC - A wrapped version of CTC on Ethereum.

CTC is used for various purposes within the ecosystem, including:

• Transaction fees on the Creditcoin network;
• Staking and governance;
• Liquidity provision in decentralized exchanges like Penguinswap;
• Rewards for participation in ecosystem activities and programs.

The token is available on various cryptocurrency exchanges, allowing users to trade and acquire CTC. Market data and price information for CTC can be tracked on platforms like CoinGecko and CoinMarketCap.

Community and Governance

Creditcoin maintains an active community engagement strategy through its Ambassador Program, which invites passionate individuals to contribute to the growth and development of the ecosystem. The program has run multiple seasons, with Season 4 launched in 2025 to support the platform's continued momentum.

The project also engages with its community through various events and initiatives. One notable example is Cafe GM, a series of casual side events at cryptocurrency conferences co-hosted by Creditcoin and its partners. These events feature limited-run merchandise, access to industry leaders, fireside chats, and networking opportunities.

To ensure the security and integrity of its protocol, Creditcoin has implemented bug bounty programs. For instance, the Penguinswap Bug Bounty Program rewards community members for identifying and reporting vulnerabilities in the DEX, with rewards of up to 20,000 CTC tokens.