Questions about G-CRE & CTC

Using
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  1. How many G-CRE(ERC-20) are swapped to CTC now?
  2. Should Token swapping be done before specified time(due date)?
  3. How to send CTC to other’s sighash?
  4. Block reward halving schedule.
  • When is the next halving date(28 reward → 14 reward)?
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Hey @doebrmann - many thanks for your questions. Here are the answers:

  1. How many G-CRE(ERC-20) are swapped to CTC now?

Apologies, we are working on adding new functionalities to our Block Explorer so that one can search for these transactions. That said, the answer is next to none for a few reasons: 1) the actual “life” of the Creditcoin blockchain is still fairly young, 2) Currently CTC is not traded on exchanges other than G-CRE, and therefore there is little interest to convert, and 3) currently, there is no conversion from CTC to G-CRE. (Please note: the purpose of CTC is to be used as a fee for lenders and borrowers’ recording of loan/lending transactions.) The plan is to either eventually build CTC → G-CRE conversion, or rightfully have CTC listed as well on exchanges to trade.

  1. Should Token swapping be done before specified time(due date)?

This can be done at any time.

  1. How to send CTC to other’s sighash?

This can be done via the creditcoin SendFunds {amount} {sighash} command.

  1. Block reward halving schedule.

Based on our existing halving algorithm, halving occurs every 2.5M blocks (or what we calculate to be every ~4.76 years).

Thank you for your engagement in the Creditcoin Community! There is still a lot more in the works - so stay tuned.