At Creditcoin, we envision a future where everyone can access decentralized financial services through a truly private, user-first internet. Our partnership with Spacecoin, Sui, and Walrus is key to achieving this vision. Together, we are building a high-speed decentralized internet that connects the unconnected and delivers global access to decentralized finance.

Transforming Connectivity and Financial Access

This partnership integrates four critical technologies into a unified framework:

1. Global Connectivity with Spacecoin
   Spacecoin’s satellite-powered 5G network provides reliable, censorship-resistant internet access, especially in underserved regions, bypassing traditional infrastructure constraints constraints of traditional infrastructure.
2. Computation with Sui
   Sui’s scalable blockchain supports seamless dApp performance, delivering efficient computation for decentralized services and applications.
3. Secure Storage with Walrus
   Walrus ensures decentralized, secure, and cost-effective data storage, safeguarding user data and supporting a variety of use cases.
4. Financial Empowerment with Creditcoin
   Creditcoin enables decentralized credit payments, empowering users to transact securely and build credit profiles, fostering financial inclusion worldwide.

Bridging the Global Divide

This partnership is about creating opportunities and breaking barriers. By integrating these technologies, we are:

• Connecting the Unconnected: Spacecoin brings internet access to remote regions.
• Enabling Innovation: Sui powers scalable, efficient, decentralized applications.
• Ensuring Privacy: Walrus offers secure, private data storage.
• Providing Financial Freedom: Creditcoin enables seamless transactions and credit-building.

Shaping the Internet’s Future

This collaboration is more than technological advancement — it reimagines the Internet as a decentralized ecosystem that prioritizes privacy, freedom, and user empowerment. Creditcoin is at the heart of this transformation, enabling seamless financial transactions and democratizing financial services.

This partnership combines decentralized connectivity, computation, storage, and finance, laying the foundation for a more inclusive digital landscape. We are creating a decentralized internet that fosters opportunity, privacy, and financial sovereignty for all.

Community

Follow us on X and join our Discord to keep updated on the latest news!

Creditcoin:

X | Discord

Creditcoin: Empowering a Decentralized Internet was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

At its core, Creditcoin is all about connecting — acting as the synapses that bring together diverse elements of the financial ecosystem, down to the most granular aspect. By seamlessly connecting blockchains, individuals to local banking and credit infrastructure, and peer-to-peer interactions, Creditcoin creates a network where trust and collaboration can thrive.

Every connection within this network is an opportunity to unlock new avenues for human prosperity. Whether it’s lending or cross-border remittances, Creditcoin connects parties securely, allowing them to engage in efficient and transparent financial exchanges.

Since its inception, Creditcoin has always strived to empower individuals and small businesses that have been previously underserved worldwide. The protocol has provided blockchain-based credit infrastructure facilitating the generation and extension of loans, a public ledger to record repayments, and building publicly verifiable credit reputations on-chain.

All of this lays the foundation for yield-bearing RWA opportunities, such as tokenizing AI-graded loans, physical infrastructure products, and more.

Our partner, Aella Finance has been successful in leveraging the Creditcoin infrastructure to create real-world impact, offering microloans to consumers in Nigeria, facilitating capital flows and financial services totaling 100B Naira to over 2 million Nigerians and counting. The fruits of these endeavors reflect Creditcoin’s broader mission to drive global financial inclusion, creating opportunities where they’re needed most.

EVM Unlocks The Universal Smart Contract Layer

Financial inclusion is the bedrock of a universally interoperable Web3, and it all starts with connectivity. Thus, every aspect of the Creditcoin network has been thoughtfully curated so as to empower each and every participant.

As we move forward, Creditcoin’s mission to drive global financial inclusion is entering a new phase with the launch of our EVM-compatible L1 Mainnet. Consequently, the direction Creditcoin is heading will deliver capabilities that truly deliver what blockchain technology has always promised us.

This brings us to the importance of compatibility with the Ethereum Virtual Machine (EVM). It is no secret that many of the most exciting primitives are built with EVM functionality in mind, meaning that the Creditcoin network, its user base, and assets under management can leverage the same primitives without cumbersome limitations.

With this EVM upgrade, developrs can seamlessly port their existing dApps (and smart contracts) onto Creditcoin infrastructure without any extra legwork regarding rewrites or adjustments, yet the benefits go beyond plug-and-play portability.

By integrating EVM compatibility, Creditcoin is taking the first step towards the implementation of its Universal Smart Contract (USC) layer, opening the door to cost-efficient, seamless dApps able to leverage a wide range of ecosystems to execute smart contracts.

This is about real, practical use cases that scale beyond any single blockchain.

The Universal Smart Contract on Creditcoin allows smart contracts to interact with data and assets from other chains without the need for a bridge, enabling seamless multi-chain support for on-chain services. This USC layer will coordinate, interact, and update smart contracts across multiple chains, enabling hundreds of novel applications.

What Will USC Bring To The Creditcoin Network?

• Enhanced Security: Minimize security risks associated with legacy approaches like bridges, reducing the potential for exploits to occur during cross-chain interactions.
• Simplified Development: Create multi-chain applications with ease, reducing any reliance on third-party applications or other security compromises.
• Seamless Interoperability: Enable direct interactions across different blockchain ledgers, making it easier to move assets across previously disparate ecosystems.
• Cost Optimizations: Reduce overhead costs associated with bridging to optimize operational expenses.
• Improved UX: Enjoy a more integrated experience, setting cross-chain transactions in mere moments.
• Optimized Reliability: Reduce dependencies on third-party protocols, leading to increased price stability and assurances that settlements occur.

The Universal Smart Contract layer therefore ushers in the kind of interoperability necessary for tokenizing real-world assets, the provision of decentralized physical infrastructure networks (DePIN), and other innovative use cases to scale past any single L1 ecosystem or cross-chain bridging setup.

With the launch of USC, Creditcoin developers will be equipped to build the most powerful multi-chain dApps the world has ever seen.

This is about a revolution.

What Current Creditcoin Network Users Need To Know and Do

In a previous announcement, we shared that when the EVM network launches, the original Creditcoin chain will be called Creditcoin Classic and the EVM chain will be called Creditcoin.

Thanks to community feedback requesting to better distinguish between the two Creditcoin chains and its core purposes, here’s what we’ve decided based on your support in helping with simplification:

Creditcoin

The current mainnet and this latest release of the EVM-compatible Layer 1 blockchain will simply be called Creditcoin. This is the L1 network that will introduce the Universal Smart Contract (USC) layer, a feature that allows seamless interaction with data and assets across multiple blockchains, without the need for bridges.

CC Enterprise

The original Creditcoin chain (with names such as CC 2.0+ and Creditcoin Classic) will now be called CC Enterprise. This is a more accurate differentiator of our Substrate-based, single purpose blockchain designed to specifically record credit transactions and serve as a decentralized credit history layer for Web2 companies, including financial institutions, government entities, and more.

Credal will support both Creditcoin and CC Enterprise. Both networks will be live to serve its respective purposes.

Notice for CC Enterprise Participants

There are a few key points to note for current CC Enterprise network participants:

• Nominators and Validators: Since the Creditcoin EVM network is a new chain, the roles of nominators and validators will not be transferred automatically. Users will need to manually set up their roles again, configuring them from scratch to run a node on Creditcoin.
• For the validators who want to move to the upgraded Creditcoin network, you must chill the validator, wait for 1–2 era to no longer be elected, then shut down your validator to prevent any slashing. It’s important to know that shutting down your validator without doing a proper chill will cause your CTC to be slashed.
• Token Balances: Fortunately, token balances are being transferred from CC Enterprise based on the snapshot taken on Aug 21, 14:30 (UTC). Please note that subsequent rewards earned on CC Enterprise following the snapshot will not be reflected on the ledger on the newly updated chain.
• New Pools on the Staking Dashboard: Pools that were unavailable in CC Enterprise have now been added to Creditcoin’s latest upgrade, expanding your staking options on our revamped dashboard.
• RPC Information: For those looking to dive deeper into technical integrations, you can check the RPC information in the Creditcoin docs. We’ll also guide you on how to add the Creditcoin EVM to MetaMask, making it easier to manage and interact with your assets.

NEW PRODUCT!

Introducing the Credit Wallet App

Shortly after the release of Creditcoin’s EVM mainnet is Credit Wallet, a secure and user-friendly mobile wallet app that opens up the gateway to the full potential of the Creditcoin ecosystem. Designed with both newcomers and seasoned blockchain users in mind, Credit Wallet offers a suite of features that make managing your digital assets seamless and efficient.

One of the standout features of Credit Wallet is its ability to facilitate cross-network transfers between Creditcoin’s EVM and Substrate networks in just one click. This means you can effortlessly move your assets between the two ecosystems without the need for complex processes or multiple steps.

Whether you’re managing tokens on the EVM-compatible Creditcoin chain or staking on the Substrate-based network, Credit Wallet simplifies the entire experience, ensuring that your assets are always where you need them to be.

Key Features of Credit Wallet

• Non-Custodial Ownership: Credit Wallet ensures that you maintain full control over your digital assets. Your private keys are stored securely on your device, and with non-custodial ownership, you’re the only one who can access and manage your funds.
• Multi-Address Management: With Credit Wallet, you can generate multiple addresses from a single seed, giving you greater flexibility in managing your assets. This feature also enhances your privacy, allowing you to separate different transactions and holdings across multiple addresses.
• Seamless Transfers: The ability to transfer tokens between EVM and Substrate networks in one click is a game-changer. This feature breaks down the barriers between different blockchain ecosystems, making it easier than ever to move assets, participate in various dApps, and explore new opportunities across the Creditcoin network.
• User-Friendly Interface: Credit Wallet’s interface is designed for ease of use, making it simple for anyone to navigate the complexities of blockchain. Whether you’re importing an existing wallet from the cloud or generating a new private seed, the process is straightforward and intuitive.
• Enhanced Security: Security is a top priority with Credit Wallet. In addition to non-custodial ownership, the wallet employs advanced encryption protocols to protect your private keys and transaction data, ensuring that your assets are safe from unauthorized access.

Keep an eye on Creditcoin’s X for the official release and download links!

Join the Movement: Build a Financially Inclusive Future with Creditcoin

As Creditcoin continues to evolve, Credit Wallet will serve as the foundation for interacting with the upcoming dApps and products that will be launched on the network. As users and developers in the Creditcoin ecosystem, we’re inviting you to join us on this journey to build a practical, universally interoperable ecosystem for digital assets that benefits us all equally.

Let’s collaborate! We’re looking for both users and developers working on projects that promote digital inclusivity leveraging Creditcoin’s network.

For Users: Step into a world where financial barriers are broken. Your journey to financial sovereignty starts in a few days when Credit Wallet’s official download links are shared!

For Developers: Imagine a world where your innovations drive financial inclusion. Creditcoin provides the foundation to create impactful solutions that connect people to global markets. Your ideas can change lives — start building them today.

Together, we can create a more inclusive and purposeful future.

Creditcoin Mainnet Goes Live: Connecting Purpose to Blockchain Infrastructure was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Creditcoin has always found itself at the forefront of innovation, pioneering real-world asset (RWA) opportunities before the term came into common use. As trailblazers in this space with a mission-driven purpose, we’ve continually pushed the boundaries of what decentralized technologies can achieve.

Now, we’re excited to share a sneak peek at two groundbreaking RWA products we’re adding to our roadmap to raise the industry bar once again.

RWA Product #1: AI-Graded Loans via Credal

Prepare for a revolutionary upgrade to our Credal API, the backbone of the Creditcoin network. Gluwa, the developer of Creditcoin, is collaborating with the Central Bank of Nigeria (CBN) to help with its CBDC adoption. The partnership’s core objective is to harness the power of Gluwa’s Credal technology to build credit reputations for CBDC users, thus enhancing financial inclusion, improve eNaira functionality, and foster financial innovation. Credal unlocks financial boundaries with its establishment of a public blockchain network that easily integrates with the processes of fintech lenders and to date, has recorded over 5 million loan transactions.

As a part of enhancing the utility of the CBDC, we’re significantly upgrading the Credal API to prepare for integration, including the implementation of cutting-edge AI. As a result, we’ll use these AI-graded tokenized loans to offer yield opportunities for our RWA investors!

RWA Product #2: Tokenized Internet

As teased in past content regarding Gluwa’s high-level meetings with Presidents and VPs of Nigeria, Ghana, Sierra Leone, and Liberia, we are embarking on an extraordinary journey to build a satellite-based, decentralized internet infrastructure to address connectivity gaps in rural parts of the world.

Building this satellite-based infrastructure will present the opportunity to tokenize internet for the first time ever. Though this project is still in the early stages of development, we nevertheless wanted to communicate our ambitions for you to take part in an RWA opportunity that will be out of this world.

Both RWA products are estimated to be rolled out throughout the end of 2024 into 2025. If you’re interested, now is the time to follow us on X so you don’t miss any important updates!

With the two RWA products mentioned, below is our updated roadmap:

• Q3 2024: EVM-compatible mainnet and new Creditcoin wallet
• Q4 2024: DEX launch
• 2025: Creditcoin network launches the Universal Smart Contract layer
• 2024–2025: Launch of our new RWA products

Join Creditcoin on Discord, be a part of the conversation, and help us build a future we can all be proud of!

About Creditcoin

Creditcoin is the world’s leading real-world asset infrastructure chain for financial institutions, connecting global borrowers, lenders and investors on-chain. To date, the protocol has helped its partners record over 4.27 million real-world credit transactions, valued at $79.7 million USD, while servicing 337,000 customers worldwide across emerging markets.

By transparently securing credit history and loan performance on the Creditcoin network, the protocol has already helped thousands of borrowers, businesses, and investors secure capital financing, build credit history, and grow their global RWA investment footprint.

Website | Twitter | Discord | Medium | Youtube | Telegram(ANN) | Whitepaper | Credit Penguin Colony (Opensea)

A Sneak Peek At Creditcoin’s Newest Groundbreaking RWA Products was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Genesis Story

Tae Oh founded Gluwa in 2016 to pursue its core mission of building secure and efficient blockchain-based solutions to real-world problems. Even before his work at incubator ‘500 Startups,’ he realized that due to technological constraints, emerging markets were on the cusp of explosive growth — if they only had more reliable access to basic financial infrastructure.

Given the massive population of nearly 1.4 billion financially excluded individuals worldwide due to the constraints of existing infrastructure, it had heretofore proven difficult for them to secure loans, build credit histories, and achieve economic prosperity.

Something had to be done to reconcile the situation.

Building Creditcoin

Following Tae’s conviction, Gluwa successfully launched Creditcoin in 2019, a blockchain network dedicated to creating a secure, yet transparent credit infrastructure for real world financial institutions to publish on and reference. The protocol established a public ledger for recording loan performance, thus facilitating a shared record of publicly verifiable credit histories. By partnering with fintech lenders in local markets, such as Aella in Nigeria, Creditcoin provides a secure and decentralized environment for users to build their credit scores and access liquidity on more favorable terms.

Affecting the Real World

As Creditcoin’s technology penetrates deeper into emerging markets, it naturally answers the question in many crypto enthusiasts’ minds: what is the use case of blockchain technology?

While the loudest narratives such as memecoins may take the spotlight at times, Creditcoin is proof that there are real problems being solved. Its impact is best illustrated through the stories of real users whose lives have been transformed by opportunities derived from the Creditcoin protocol.

David, the Aspiring Farmer

Take the story of David for instance, a young Nigerian farmer. David aspired to expand his small farming operations but lacked the capital up front to make the necessary investments. Through Aella, a financial institution partnered with Creditcoin, David received a loan to buy a cow.

This initial loan was recorded on the Creditcoin network, creating a verifiable credit history for David as repayments were made on time. As his farm prospered and generated more revenue, David was able to secure additional loans to buy more cows and further scale his operations, including hiring additional employees to help with the increased workload.

Adesola, the Resilient Engineer

Another compelling story is that of Adesola, a Maintenance Engineer in the State of Lagos. During the challenging times of the COVID-19 pandemic, many were laid off or forced to stay at home without income. Adesola found himself in a difficult situation, but was able to turn to Aella for support. Unlike other lenders who stopped issuing loans or offered increasingly hostile terms, Aella provided Adesola with the liquidity he needed, and offered flexible repayment terms because of the on-chain credit reputation he had built using Creditcoin.

“You know during that time I borrowed money, and they were very understanding and gave us grace. There are some loan apps that made things really difficult for people because they were afraid people would not pay back since people did not have work. But Aella did not do that; they were coming to the rescue of people and giving them enough time to make their payment back, which I really appreciated.”

-ADESOLA SHERIFF

This support allowed Adesola to move to a new home and replace damaged belongings, including purchasing a new TV, which he still uses today. His positive experience highlights the power of building an on-chain credit identity, encourages financial lenders to better understand human situations and to provide a more supportive approach. Situations like these are made possible through their partnership with Creditcoin.

Ola, the Future Resident of Toronto

Dosunmu Segun Olakunle (Ola) is a dedicated builder-contractor, specifically a bricklayer. Work can often be inconsistent, and tends to require long-distance travel, often requiring extended periods of time away from his wife and children. Despite these challenges, Ola remains committed to providing for his family. Thanks to his on-chain credit reputation with Creditcoin and Aella, Ola could access financial instruments that allowed him to visit his family more often, ensuring he could maintain a strong connection with his loved ones.

Ola’s dream is to one day move to Canada and establish his own business called “Ola of Toronto.” His story highlights the profound impact that accessible credit can have on a person’s life, turning aspirations into reality and fostering hope for a brighter future.

Expanding Our Real-World Impact

Gluwa and Creditcoin have demonstrated the practicality of leveraging blockchain-based solutions to real world problems. This journey has been nothing short of a success, already having recorded over 5 million credit transactions, and servicing hundreds of thousands of customers in high-growth markets.

Earlier this year, we were proud to announce one of our most notable achievements to date: Gluwa’s strategic partnership with the Central Bank of Nigeria (CBN) to drive the development and adoption of Nigeria’s Central Bank Digital Currency (CBDC), the eNaira. This technology partnership promotes financial inclusion across the country, and advances our mission to provision better access to financial services for unbanked or underbanked individuals.

Additionally, we are in discussions with the leaders of other African countries such as the President of Liberia, VP of Nigeria, VP of Ghana, and the VP of Sierra Leone to establish similar partnerships, expanding our reach and impact amongst nimble, forward-thinking economies. These potential collaborations represent an exciting opportunity to replicate our success in Nigeria and bring financial empowerment to even more individuals.

Scaling To Serve Billions

As a result of our lofty ambitions, we must focus, yet scale up in order to achieve our core missions with two major initiatives:

1. Central Bank Digital Currency (CBDC): In collaboration with the Central Bank of Nigeria, Gluwa is working on integrating the eNaira with Credal, the API powering the Creditcoin network. This integration will harness blockchain technology to boost adoption, enhance financial inclusion, improve eNaira functionality, and foster innovative implementations.
2. EVM-Compatiblity Upgrade: We are upgrading our network to be EVM-compatible to prepare for growing demand, as well as invite innovation from dApp developers and projects outside of our organization. This is the first step towards ultimately transforming Creditcoin to become a Universal Smart Contract layer, enabling the seamless launch of native multichain dApps and revealing novel avenues for innovation.

Join Our Mission!

Looking ahead, our vision for Gluwa and Creditcoin is ambitious and far-reaching. We aim to expand our partnerships with financial institutions and governments across emerging markets, continuing our mission to provide accessible and transparent financial services to everyone who needs them.

Follow us on X and join our Discord to help build Creditcoin, the mission-driven blockchain solving real-world problems.

About Creditcoin

Creditcoin is the world’s leading real-world asset infrastructure chain for financial institutions, connecting global borrowers, lenders and investors on-chain. To date, the protocol has helped its partners record over 4.27 million real-world credit transactions, valued at $79.7 million USD, while servicing 337,000 customers worldwide across emerging markets.

By transparently securing credit history and loan performance on the Creditcoin network, the protocol has already helped thousands of borrowers, businesses, and investors secure capital financing, build credit history, and grow their global RWA investment footprint.

Website | Twitter | Discord | Medium | Youtube | Telegram(ANN) | Whitepaper | Credit Penguin Colony (Opensea)

Creditcoin: Solving Real-World Problems With Crypto was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

We’re thrilled to share the results of Creditcoin’s EVM-compatible testnet and reflect on how far we’ve come to build a more interoperable and scalable network to handle the coming wave of innovative new dApps, such as real-world asset (RWA) protocols, games, and more. We also want to give a big shout out to everyone that participated during our testnet phase! Regarding the rewards you’ve been stacking, you’ll be able to claim them within a few weeks after the Mainnet launch. You deserve it, and thanks again for your support!

Testnet Achievements

Our testnet phase’s achievements demonstrate the hard work and dedication of our team members working in research, protocol, smart contracts, and development. Additionally, the stress-testing of our testnet wouldn’t have been possible without our incredible community. Your participation throughout this process has been paramount in refining our network’s capabilities, enhancing UX, and its efficiency parameters. Here are a few recent highlights:

• Transaction Volume: Over 6 million transactions were processed on our new EVM testnet chain.
• Wallet Growth: We witnessed the creation of 3 million new wallet addresses, showcasing the growing interest and on-chain engagement.
• Validator Participation: We attracted 89 unique, high-quality validators to contribute to the stability and security of our network.

What’s Next: Focusing on Devs

With the conclusion of the testnet phase, we are now shifting our focus to attracting devs to build on Creditcoin’s EVM Mainnet chain. Here’s what to expect in the coming months:

Ramp Up Towards Mainnet

Our sights are set on the Mainnet launch slated for late Q3. During this period, we’re focusing on several key areas to support and grow our developer community:

• Partner Integrations: We’re working on integrating with key partners to expand the utility and reach of the Creditcoin ecosystem. As our ecosystem grows, more products and services will be available for our dApp users.
• Developer Support: We’re committed to supporting developers through various initiatives:
• 1️⃣ Community Events: We’ll launch both virtual and IRL events dedicated to developers interested in building with us. We’re creating the foundations of our developer support team to ensure builders have all that they need to be successful. Additionally, we’re on the lookout for developer advocates. So, if you’re a Creditcoin fan, reach out to us at team@creditcoin.org to get started before all the slots are filled!
• 2️⃣ Grant Program: We’re crafting our grant program aimed at funding innovative projects and practical use cases within the Creditcoin ecosystem.
• 3️⃣ User-Facing Applications: We’re creating user-friendly applications to acquire users in order to attract devs to build with us. We’re looking to provide devs with full support and an engaged community of users ready to explore their dApps. This is the part where it really gets fun!

Ongoing Research and Innovation

Our team continues to research and develop Creditcoin’s Universal Smart Contract (USC), exploring new and innovative use cases that will change the game when it comes to cross-chain interaction in Web3. EVM-compatibility also lends itself well to efficient dApp integration into the Creditcoin ecosystem, and will be enhanced by USC’s native multi-chain capabilities.

Join Us in the Next Phase

We invite developers, partners, and community members to join us in this exciting new chapter for Creditcoin. Your participation and support are essential as we continue to build out new features and advanced primitives for the Creditcoin ecosystem.

Follow our X for updates and announcements.

About Creditcoin

Creditcoin is the world’s leading real-world asset infrastructure chain for financial institutions, connecting global borrowers, lenders and investors on-chain. To date, the protocol has helped its partners record over 4.27 million real-world credit transactions, valued at $79.7 million USD, while servicing 337,000 customers worldwide across emerging markets.

By transparently securing credit history and loan performance on the Creditcoin network, the protocol has already helped thousands of borrowers, businesses, and investors secure capital financing, build credit history, and grow their global RWA investment footprint.

Website | Twitter | Discord | Medium | Youtube | Telegram(ANN) | Whitepaper | Credit Penguin Colony (Opensea)

Creditcoin’s EVM Testnet Wrap-Up was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Welcome to the monthly Q&A Corner of Creditcoin, your go-to source for insights, updates, and answers directly from the Creditcoin team. If you’d like to have your question answered next month (and win some CTC for getting selected), then make sure you follow us on X and tap the bell icon to get notified when the Q&A survey goes live.

Let’s jump in!

1) Good Day from here Creditcoin family.
I have no doubt that this is the best project I have seen so far.
My question is, isn’t it a great idea to create a more detailed video on how to use the Creditcoin swap?

Thanks for your support; we tend to agree with you! To swap CTC <-> wCTC, we’ve created a step-by-step blog post along with tutorial videos to help you navigate the process more easily. To learn how to use the Creditcoin Swap tool, you can simply follow our handy guide here.

2) How is CTC capable of integrating RWAs in the ecosystem?

Creditcoin’s RWA roots go back to the beginning via the on-chain recording of loans from fintech lenders. With the Gluwa Invest program, we provided a fixed yield to our participants from the interest generated by those loans.

Now, we’re entering the next phase of RWA integration via our EVM Chain, allowing RWA projects to build on our L1 blockchain to further bridge the real world and traditional financial products with DeFi. By upgrading to an EVM chain, we open up more dApp possibilities, including increased access to RWA products from ecosystem builders.

Make sure to join our gamified EVM-Compatible Testnet, rack up as many reputation points as you can get, and be a part of the Creditcoin movement before Mainnet arrives.

3) Creditcoin and Gluwa is aimed at spreading its ecosystem in Nigeria, but the Nigerian government is trying by all means to ban cryptocurrency. With this bottleneck, how does the team intend to foster adoption in Nigeria?

It is important to point out that the government is not actively trying to ban crypto, but find ways to best harness the technology for its citizens. We’re aware of the recent regulatory challenges in Nigeria and remain committed to adhering to local regulations to foster a mutually beneficial partnership. Additionally, Gluwa is actively collaborating with government authorities to discuss the best ways to navigate the best path forward.

Gluwa’s aim is to implement proven solutions like on-chain credit reputations and CBDC infrastructure to drive the adoption of digital assets in the region and reconcile digital gaps. Through these efforts, we will continue to support sustainable growth and innovation in Nigeria’s technological and financial infrastructure.

4) How does the upcoming 3.0 upgrade of the Creditcoin protocol, which introduces EVM-compatible ‘universal smart contracts’, aim to connect RWA investors across multiple chains?

Great question! With this upgrade, RWA dApps launched on Creditcoin 3.0 will have the ability to natively operate across various blockchain networks. This means users are no longer confined to a single chain; instead, they’ll seamlessly access users and liquidity for their dApps on a variety of distinct blockchains. Cross-chain compatibility means greater flexibility and a better experience for developers, investors, and end users in terms of secure access to various RWA opportunities across ecosystems.

5) RWA is a lucrative investment. Creditcoin is included in the RWA project that is glimpsed by investors. But it cannot be denied that the most widely used blockchain technology is EVM.

So, my question is what strategy will be carried out by the team to attract more developers, investors, and of course, users at the time of CreditCoin 3.0 mainnet later with many other EVM networks?

This is a good point. A lot of the best cryptographic primitives are written to be EMV-compatible, meaning that this is the best move for scaling and onboarding innovative projects. Given this environment, we’ve got several multifaceted strategies we’re pursuing.

First, we’re building out initiatives to attract a robust user base within the ecosystem. We’ll be rolling out engaging community initiatives to grow an active user base and attract builders. In turn, when we launch mainnet, we’ll be able to offer useful partner dApps in our ecosystem with the end goal of seamless cross-chain capabilities.

We’re also planning hackathons, grant programs, and other gamified initiatives to incentivize developers to build on the Creditcoin EVM-compatible platform. We’re currently intensifying our business development efforts to secure high-quality project integrations. By collaborating with both established and emerging projects, Creditcoin’s value proposition continues to improve, allowing us to better engage new and existing stakeholders.

About Creditcoin

Creditcoin is the world’s leading real-world asset infrastructure chain for financial institutions, connecting global borrowers, lenders and investors on-chain. To date, the protocol has helped its partners record over 4.27 million real-world credit transactions, valued at $79.7 million USD, while servicing 337,000 customers worldwide across emerging markets.

By transparently securing credit history and loan performance on the Creditcoin network, the protocol has already helped thousands of borrowers, businesses, and investors secure capital financing, build credit history, and grow their global RWA investment footprint.

Website | Twitter | Discord | Medium | Youtube | Telegram(ANN) | Whitepaper | Credit Penguin Colony (Opensea)

Creditcoin Q&A | May 2024 was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Creditcoin organization is excited to unveil a strategic partnership with Plume, a modular L2 blockchain and real-world asset launchpad dedicated to bringing traditional finance and Web3 closer together. In addition to the tokenization of RWAs, Plume also helps integrate real-world and digital assets by streamlining compliance operations by working with regulators.

Creditcoin is the world’s leading real-world asset infrastructure chain for financial institutions, connecting global borrowers, lenders, and investors on-chain. These efforts have made significant strides towards financial inclusion as previously unbanked individuals now have access to lines of credit and subsequently, a secure on-chain record demonstrating their creditworthiness.

The culmination of its efforts in emerging markets has enabled Creditcoin’s development company, Gluwa, to recently ink a partnership with the Central Bank of Nigeria as a Partner Agent to increase the adoption of its CBDC. By providing digital banking infrastructure, millions of new users will be more effectively included in the global economy.

Together, Creditcoin and Plume will leverage their expertise, networks, and combined research to foster the growth and adoption of RWAs across Web3 and beyond. Additionally, Creditcoin is currently in the testnet phase of its network upgrade to become EVM-compatible. Combining Creditcoin’s upgraded EVM network with Plume’s RWA platform, it fosters an ideal setup for tokenizing and discovering RWA opportunities.

This endeavor will explore the financialization of compliant, off-chain investment products into the digital asset space, and ultimately shape the future of interoperability and composability when it comes to integrating the real world with DeFi.

About Creditcoin

Creditcoin is the world’s leading real-world asset infrastructure chain for financial institutions, connecting global borrowers, lenders and investors on-chain. To date, the protocol has helped its partners record over 4.27 million real-world credit transactions, valued at $79.7 million USD, while servicing 337,000 customers worldwide across emerging markets.

By transparently securing credit history and loan performance on the Creditcoin network, the protocol has already helped thousands of borrowers, businesses, and investors secure capital financing, build credit history, and grow their global RWA investment footprint.

Website | Twitter | Discord | Medium | Youtube | Telegram(ANN) | Whitepaper | Credit Penguin Colony (Opensea)

About Plume

Plume is the first modular L2 blockchain dedicated for all real world assets (RWAs) that integrates asset tokenization and compliance providers directly into the chain. Our mission is to simplify the convoluted processes of RWA project deployment and offer investors a blockchain ecosystem to cross-pollinate and invest in various RWAs. In addition, Plume enables RWA composability through its thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs.

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Creditcoin and Plume Network Form Strategic RWA Partnership was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

As we reflect on Q1 of 2024, we recognize the significant gains our organization has made toward democratizing financial access globally with new partnerships and network upgrades. Read further to catch up on what we’ve accomplished so far in 2024.

Creditcoin

Real-World EVM Event

Creditcoin recently got an overhaul to become EVM-compatible. In pursuit of this, Creditcoin’s EVM Testnet is already live, offering users the chance to accumulate redeemable rewards for Creditcoin’s EVM Mainnet launch later in 2024. This strategic shift has positioned Creditcoin to align more closely with the broader EVM ecosystem, opening up a world of new possibilities and interoperability.

The EVM-compatible Creditcoin Mainnet allows developers to leverage Solidity-based primitives and deploy them more efficiently on Creditcoin. After downloading a wallet and signing smart contracts on the Creditcoin EVM testnet, anyone can participate and throw their hats in the ring for exciting prizes. Testnet participants have the opportunity to earn rewards, like CTC tokens, stablecoins, NFTs, and ecosystem airdrops.

To participate in the Testnet, users can simply download one of the compatible wallets and perform social tasks or interact with smart contracts on the Creditcoin EVM Testnet. Users can accumulate points based on their on-chain activities, such as transactions and smart contract interactions. Social task points are earned via the QuestN platform, and on-chain activity points are calculated separately at the end of the testnet, including cumulative interactions and frequency of on-chain activity.

Join the Real-World EVM testnet

Testnet Bug Bounty | Earn up to $1,500!

In case you missed it, Creditcoin is offering a variety of rewards up to $1,500 in CTC (ERC-20) tokens for each bug reported. Rewards are distributed on a first-come-first-serve basis. Depending on the severity, finding and reporting bugs can be quite lucrative, and simultaneously helps us to maintain the most robust system possible. Test your mettle and see if you can spot the bugs and win yourself a prize!

Both Low and Medium severity level bugs do not lead to vulnerabilities. For example, Medium could be a stuck transaction, while Low could involve an aesthetic or UX incident. If a bug isn’t exploitable, it can’t receive a grading above Medium.

For High, Critical, and Extreme bugs involving an attack vector or vulnerability, the severity is assessed using metrics from the National Vulnerability Database’s CVSS. When submitting a bug report like this, please use the CVSS metrics linked here to assess the severity of your reported bug.

Learn more about the bug bounty program

CTC Listed on Korbit

Did you crush your new year’s resolution yet? 2024 has been good to Creditcoin so far. In fact, one of the OG exchanges out of Korea, Korbit, listed Creditcoin (CTC) to kick off the year. Head over to Korbit and buy/trade some CTC today.

Blockscout Explorer

Creditcoin users enjoy the open-source functionality of Blockscout, Web3’s battle-tested block explorer. Following the official launch of the brand-new Blockscout Portal on the Creditcoin Dashboard, users can access advanced analytics and validate the history of the Creditcoin blockchain by leveraging Blockcscout’s granular search toolset. Get the latest statistics on Creditcoin wallet addresses, daily transactions, average block time, gas tracker, and more.

Gluwa

Gluwa x Central Bank of Nigeria Partnership

One of the most notable developments in Q1 was the partnership between Gluwa, the development company of Creditcoin, and the Central Bank of Nigeria (CBN) to enhance the utility and drive adoption of the eNaira Central Bank Digital Currency (CBDC). This strategic collaboration underscores Gluwa’s commitment to supporting innovative financial solutions and driving positive change in the global financial landscape.

Read the full details of the partnership

🇳🇬 Tae Oh meets Nigerian VP, Kashim Shettima

To kick off March, Gluwa announced its MoU with the Central Bank of Nigeria to drive eNaira adoption as an official CBDC Partner Agent. During Gluwa’s meeting with the VP of Nigeria, CEO Tae Oh also introduced its satellite-based ISP solution aiming to provide internet connectivity across the world, starting with remote or rural geographies.

🇬🇭 Gluwa visits Ghana VP, Mahamudu Bawumia

In addition to providing support for the development and adoption of Ghana’s CBDC, Gluwa laid the groundwork for a long-term integration with its satellite-based ISP solution as well. First off, internet connectivity is a prerequisite for individuals to access information, banking, and subsequently leverage their skills by interacting with each other and the rest of the world.

With high-speed internet and the power of digital assets like CBDCs, Gluwa is prepared to offer an elegant yet robust infrastructure for enhanced banking and digital asset infrastructure. As millions gain access to the internet and in turn, DeFi infrastructure, a vast world of exciting business and revenue models open up which stand to close the existing digital divide.

🇱🇷 Liberia’s President, Joseph Boakai, Meets with Gluwa

Traveling to Liberia as well, Gluwa discussed enhancements to Liberia’s financial and internet connectivity infrastructure. This also extended to strategies to address issues with poor or intermittent internet connectivity. Gluwa’s satellite-based DePIN was at the forefront of solutions proposed which would complement CBDC banking infrastructure, efficiently bringing people online and into the banking system.

RWA Product: Jenfi Investment Maturation

Jenfi, a Singaporean firm helping businesses with marketing and securing financing with partners they can trust, is off to a smashing start. Investors have earned an average 19.04% APR over the last year, accumulating collective yields of $95,200 in USDC yield to be paid out. In early February,

the Jenfi opportunity officially matured, allowing investors to withdraw their funds. Gluwa would like to extend our congratulations to everyone who participated!

Conclusion

As the rest of 2024 unravels, our organization will continue striding to optimize and expand its services. From the successful launch of Creditcoin’s EVM Chain testnet to its milestone partnership with the CBN, we’ve witnessed tremendous growth in public-private partnerships as well as grassroots support from our community.

Later this year, the launch of the EVM-compatible Mainnet will introduce Creditcoin’s phase of becoming the Universal Smart Contract layer of Web3.

There is still plenty of work to do, but the future looks exciting from where we’re sitting. Onwards and upwards, folks! Follow our X and join our community to learn about new opportunities for builders like hackathon competitions and grant programs.

Creditcoin Q1 2024 Recap: CBDC, EVM Upgrade, and More was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

We’re excited to announce that Creditcoin’s gamified EVM Testnet is officially live, heralding the beginning of the next era in the protocol’s evolution and your chance to accumulate reward points toward the EVM mainnet launch later this year, which can include rewards such as CTC tokens, stablecoins, NFTs, and ecosystem airdrops.

With your participation, the Creditcoin Real-World EVM Testnet is aiming to kickstart dApp development on our blockchain, with $20k in grants available for the community’s most in-demand dApp projects.

Creditcoin Steps Into The Future

During its existence, Creditcoin has reshaped the global credit industry, with over 4.27 million real-world credit transactions recorded, worth approximately $79.7 million USD, and 337,000+ customers served in emerging markets worldwide.

With demand growing for more complex and ‘smart’ financial solutions every day, we decided to upgrade the network to become EVM-compatible, and by extension, enable smart contract capabilities, directly on the Creditcoin blockchain.

PSA: The previous Substrate-only version of the Creditcoin network (2.0+ and earlier) will now be called ‘Creditcoin Classic’. The EVM-compatible version of Creditcoin will simply be called ‘Creditcoin’.

The Creditcoin network upgrade is a major step forward in supporting our ongoing mission of achieving financial inclusivity across global markets. Recently, our development company Gluwa, shared news regarding its growing relationships with key African countries to help contribute to building their infrastructure. As Gluwa humbly explores the integration of its technology with its government partners, we are excited about blockchain synergies in one of the world’s most rapidly advancing regions for blockchain adoption.

How You Can Become A Part Of The Future

We launched the Real-World EVM Gamified Testnet as a fun, interactive way to accumulate reward points for your participation in social tasks and on-chain activities. The points you earn will be used towards your eligibility for token rewards at mainnet launch.

Start by bookmarking the main event page 👉 https://app.questn.com/event/881347186273927601

Social task points will be accumulated via the QuestN platform and on-chain activity points will be calculated separately at the end of the testnet. For your on-chain activity, the more active you are, the more points you rack up.

See below for the theme of each quest listed on the main event page.

👨‍💻 Quest #1: Minimum Eligibility

Complete all of the social tasks on X and submit your wallet addresses to be eligible for testnet rewards. You must complete this quest to be eligible for rewards.

⚠️ The Substrate and EVM addresses you submit must be used for on-chain testnet activities, as it will be used to connect your wallets with your testnet reward points. This includes developers executing smart contracts.

💧 Quest #2: Testnet Participation Foundations

To help you get familiar with the refreshed Creditcoin, start earning reward points by navigating through the main features of the protocol and Testnet. Validators and nominators should complete on-chain tasks with your Substrate wallet, while developers executing smart contracts should use the submitted EVM wallet. Tasks include:

• Nominating projects to compete for Creditcoin developer grants
• Using the faucets on Discord to receive Testnet tokens.
• Completing a range of on-chain activities (e.g. validating, staking, transferring, etc)
• Executing smart contracts (developers)

🗳️ Quest #3: Tournament Voting

The Real-World EVM Gamified Testnet is about getting you actively participating in the network, as well as recruiting projects to build on Creditcoin. In order to incentivize projects, we’re offering $20k worth of grants to the top 4 winners of our Real-World EVM tournament.

It starts with your project nominations on Quest #2, and then we’ll populate the tournament bracket with the 16 best submissions. While Creditcoin has historically been an RWA-focused blockchain, upgrading to EVM-compatibility unlocks endless possibilities for dApps and novel protocol development. For your project submission, you can nominate any crypto niche, such as DeFi, gaming, social, DePIN, and even meme coins.

Each week, we’ll hold limited-time voting sessions on X for the projects within their respective brackets to compete head-to-head for the most community votes. The project with the most votes in each voting session will advance to the next tournament round.

The final four projects will be eligible to receive their share of the $20k CTC grant:

• Grand prize winner: $10k
• Runner-up: $5k
• Third and fourth place: $2.5k each

Your participation as a community voter will help shape the future of the Creditcoin network! In Quest #3, you’ll earn points for engaging in the X voting sessions as you root for your favorite projects to win the tournament!

Important note: The tournament is a way to involve our community as we actively seek new projects to recruit and build on our network. A project’s presence in the tournament does not imply that it has partnered with us. Finally, the top 4 winners, if they choose to build on the Creditcoin network, will still be subject to milestone deliverables in our grant program.

👉 Click to join the Gamified Testnet now!

🦊 Add Testnet network to Metamask

Thank you for joining Creditcoin’s Real-World EVM Gamified Testnet. Start accumulating community points toward the EVM mainnet launch to become eligible for earning rewards such as CTC tokens, stablecoins, NFTs, and partner airdrops.

Originally published at https://creditcoin.org on March 21, 2024.

Creditcoin’s Real-World EVM Testnet is Live! was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

In this article, we’ll explain what Credal is, how it works, why it’s useful, and finally, outline exciting future developments coming to Credal.

An Introduction To Credal

In the rapidly evolving global digital landscape, establishing a robust credit identity has become crucial to achieving greater financial inclusion, requiring the development of tools that accurately connect real-world people and businesses to their digital counterparts.

This is particularly true in emerging markets, where access to credit is limited and information infrastructure is fractured. It is within these emerging markets where the greatest potential for blockchain technology to transform credit markets lies.

Enter Credal, a cutting-edge platform designed to seamlessly integrate innovative blockchain technology into the real world of credit and lending.

Creditcoin’s RWA Interface

Credal is the native API for the Creditcoin Network, allowing dApp developers, fintechs, and any other kind of user or builder, to seamlessly interact with the Creditcoin protocol through a simplified API service.

A simple analogy is that Credal is to Creditcoin what Infura is to Ethereum.

By using the Credal API, parties can effortlessly build their credit operations and dApps on Creditcoin, and tap into the protocol’s unique capabilities, including security, transparency and Web3 interoperability.

In fact, Credal already powers a number of real-world applications today, including Creditcoin’s leading integration project with Aella, which has seen over 5M+ loan transactions recorded via the Credal API.

So, why use Credal?

Trustless, Secure, Transparent

Credal allows companies to tap into Creditcoin’s industry-leading capabilities to create decentralized, interoperable and immutable credit profiles on Web3, with Creditcoin already supporting loan transactions on Ethereum, Bitcoin and more.

By leveraging blockchain technology, Creditcoin is able to achieve a number of advantages over existing legacy financial technologies:

• Trustless Verification: By distributing its ledger across numerous nodes, blockchain allows transactions and data to be verified by consensus among participants, eliminating the need for a central authority, and the associated risks of fraud or censorship.
• Cryptographic Security: Creditcoin utilizes advanced cryptography to secure data, ensuring that once a transaction is added to the ledger, it cannot be altered or deleted. This cryptographic layer protects against fraud and unauthorized access.
• Market Transparency: All transactions on Creditcoin are recorded on a public ledger, providing full credit history visibility for all market participants. This transparency helps reduce fraud and ensures a fairer and more efficient decentralized credit market.

And with smart contract functionality coming this year alongside the Creditcoin 3.0 upgrade, the opportunities of building on Creditcoin continue to grow.

The Future of Credal

#1: Real-World Integrations

As we look ahead, Credal’s horizon is brimming with possibilities. Through our various RWA partners and integrations, Credal has already powered over $80 million USD in credit transactions worldwide.

With no plans to stop, we’re focusing on making the Credal platform more accessible, versatile, and powerful than ever before, further solidifying its position as a leader in the Web 3.0 RWA economy.

Above all, that means focusing on real-world integrations in emerging markets, where the additional transparency, trust and security provided by blockchain solutions such as Credal can expand financial inclusion and liquidity for millions of new users who don’t have access to traditional financial systems.

#2: Creditcoin 3.0

Creditcoin 3.0 represents the next generation of the Creditcoin protocol. The first major update, due in just a few months time, is set to deliver EVM-compatibility to the protocol, unlocking the development of smart contracts and dApps on Creditcoin for the first time.

Through the power of smart contract technology, fintech lenders and dApp developers will be able to combine the power of self-executing, autonomous financial contracts, with the certainty and transparency provided by the Creditcoin blockchain.

Possibilities include the development of smart credit contracts covering collateralised lending, automated liquidation, loan tracking, on-demand liquidity pools and much more.

To read more about the exciting opportunities coming with Creditcoin 3.0, check out this blog post.

Get Started with Credal Today

Curious about building on Creditcoin? Get in touch with us at [email protected] or join our thriving Discord community.

Additionally, you can dive into our developers’ documentation and Github:

🔗 Documentation: https://docs.creditcoin.org

🔗Github: https://github.com/gluwa/creditcoin

About Creditcoin

Creditcoin is the world’s leading real-world asset infrastructure chain, with over 3 million credit transactions recorded to-date. By matching borrowers, lenders and investors on-chain, the protocol is paving the way for a new generation of globally interoperable credit markets.

Having integrated with various fintech lenders and connecting them directly to global DeFi investors, the Creditcoin network has helped thousands of borrowers, businesses, and investors secure capital financing, build credit history, and make global RWA investments.

Website | Twitter | Discord | Medium | Youtube | Telegram(ANN) | Telegram(Community) | Whitepaper| Opensea

Originally published at https://creditcoin.org on February 13, 2024.

Credal 101: Creditcoin’s API Explained was originally published in Creditcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.