CTCN

Aspect	Information
Short Name	CTCN
Full Name	Contracoin
Founded Year	2018
Main Founders	Peter Wheeler, Mike Symons
Support Exchanges	ProBit,P2PPB2B,CoinBene
Storage Wallet	Metamask, MyEtherWallet
Customer Support	Email,Telegram,Discord,Website

Overview of CONTRACOIN(CTCN)

Contracoin (CTCN) is a type of cryptocurrency that aims to simplify the process of purchasing real estate properties globally. It is a decentralized form of digital currency, operating on blockchain technology, providing a seamless and efficient tool for real estate transactions. Reliable and efficient, Contracoin (CTCN) operates on the Ethereum blockchain.

The Ethereum-based platform promises transparency and security, features that are essential for property transactions. As part of the Contracoin's model, 5% of all profits earmarked for social housing projects worldwide — a pledge to contribute back to the communities it serves. This feature is a distinguishing factor, as few cryptocurrencies have dedicated social causes.

Contracoin (CTCN) is also noteworthy for its global accessibility, making it theoretically available to users worldwide. Holders of CTCN tokens can use them to purchase property or acquire additional tokens through cryptocurrency exchanges.

Just like any other crypto, investing in Contracoin presents potential risks due to the inherent volatility and regulatory uncertainty in the cryptocurrency sector. Users should therefore do their due diligence and make informed decisions.To obtain more information, you can visit their website：https://www.contracoin.network try to log in or register to use more services.

Pros and Cons

Pros	Cons
Purpose driven (contributions to social projects)	Dependent on Ethereum blockchain
Global Accessibility	Cryptocurrency's inherent volatility
Transparency and security	Regulatory uncertainties
Focused on real estate sector	Limited to specific industry
Available on major exchanges	Requires digital wallets for storage

Pros of Contracoin (CTCN) are as follows:

1. Purpose-driven Contributions: Contracoin sets itself apart by earmarking 5% of its profits for social housing projects globally, showing commitment to social causes.

2. Global Accessibility: Contracoin promises worldwide accessibility, theoretically allowing users anywhere to partake in the digital property market.

3. Transparency and Security: As an Ethereum-based platform, Contracoin provides the benefits of blockchain technology — notably, transparency and security.

4. Focus on Real Estate Sector: Contracoin's focus is on simplifying global real estate transactions, a specific goal that could drive innovation in the property market.

5. Availability on Major Exchanges: The Contracoin tokens (CTCN) are available on major exchanges, offering easy accessibility for investors.

Cons of Contracoin (CTCN) include:

1. Dependent on Ethereum Blockchain: Contracoin operates on the Ethereum blockchain, making it susceptible to any issues or changes that arise on the Ethereum network.

2. Cryptocurrency Volatility: Like all cryptocurrencies, Contracoin is subject to market volatility, which could lead to rapid changes in its value.

3. Regulatory Uncertainties: The regulations surrounding cryptocurrencies are unsettled and constantly evolving, which could impact Contracoin's operations or standing.

4. Limited to Specific Industry: While Contracoin's focus on the real estate market could be a strength, it also means it does not have the broad applicability of more generalized cryptocurrencies.

5. Digital Wallet Requirement: To store Contracoin, users need to have digital wallets, a requirement that might complicate things for those unfamiliar with cryptocurrency storage.

What Makes CONTRACOIN(CTCN) Unique？

Contracoin's innovation lies in its specific focus on the global real estate market. Many cryptocurrencies are general-purpose in nature, but Contracoin targets a specific sector with an aim to simplify and enhance real estate transactions. By applying blockchain technology to the property market, Contracoin proposes to streamline the process of buying and selling properties worldwide, bringing increased transparency, security and efficiency.

Furthermore, Contracoin distinguishes itself with a social cause. It pledges to allocate 5% of its profits for social housing projects worldwide. This combination of a specific market focus and social contribution makes Contracoin stand out in the broad spectrum of cryptocurrencies.

However, the fact that Contracoin is dedicated to a particular sector also means that its application scope might be limited compared to more versatile digital currencies. As with all other types of cryptocurrencies, Contracoin carries potential risks due to the inherent volatility of the crypto market and should be invested in with caution after thorough research.

Price of Contracoin (CTCN)

As of November 8, 2023, the circulating supply of Contracoin (CTCN) is 51,024,030.5 CTCN. The price of CTCN has been fluctuating significantly over the past few months, and is currently trading at $0.02703 per (CTCN USD) with a current market cap of $1.38M USD. 24-hour trading volume is $56.68 USD.

How Does CONTRACOIN(CTCN) Work？

Contracoin (CTCN) operates on the Ethereum blockchain, leveraging the smart contract feature to automate real estate transactions.

When a user chooses to buy a property using Contracoin, the monetary value transacted is represented by the CTCN tokens within the Ethereum blockchain. These tokens are held in a Smart Contract, which is essentially self-executing contract with the terms of the agreement directly written into code. This code controls the execution, and transactions are trackable and irreversible, providing transparency and security for both parties involved.

As an Ethereum-based crypto token, Contracoin can be used within the Ethereum ecosystem for any transactions involving real estate assets. The involved parties can complete and verify transactions seamlessly on the blockchain without needing intermediaries.

Moreover, Contracoin commits to distribute 5% of its profits to fund social housing projects, showcasing its blend of technology with corporate social responsibility.

It's essential to note, as with any cryptocurrency, Contracoin is subject to the typical volatility and risk factors found in the crypto market, and its performance is highly dependent on the overall performance and stability of the Ethereum blockchain.

Exchanges to Buy CONTRACOIN(CTCN)

CTCN is currently listed on a limited number of exchanges, but is expected to be added to more exchanges in the near future. Here are some of the exchanges where you can purchase CTCN:

• ProBit

• P2PPB2B

• CoinBene

Remember, before using any exchange to buy Contracoin or any other cryptocurrencies, you should perform your own research to consider fees, security, and user reviews. This is to ensure the platform fits your needs and offers the level of safety you require.

How to Store CONTRACOIN(CTCN)？

Contracoin (CTCN) is an ERC-20 token, meaning it operates on the Ethereum blockchain. As such, it can be stored on any wallet that supports ERC-20 tokens. These wallets can come in several forms:

1. Software Wallets: These are types of wallets that are downloaded and installed on a device (like your computer or smartphone). Examples of software wallets that support CTCN include Metamask and MyEtherWallet.

2. Hardware Wallets: These are physical devices that can hold cryptocurrency and are considered one of the safest ways to store your tokens. Ledger and Trezor are two examples of hardware wallets that support CTCN.

3. Online Wallets: These wallets are accessed through a web browser. Many online wallets support ERC-20 tokens and hence can store CTCN.

4. Mobile Wallets: Specifically designed for convenience, these wallets operate on your mobile device, offering quick and easy access to your CTCN coins. Examples include the Trust Wallet and the Enjin Wallet.

5. Paper Wallets: Quite literal in name, these wallets involve printing out the token's public and private keys on paper for safekeeping.

Before selecting a wallet, it is important to consider factors such as security, convenience, accessibility, and the user's technical expertise. Always remember that the safety of your tokens is largely dependent on how well you protect your private keys.

Should You Buy CONTRACOIN(CTCN)？

Contracoin (CTCN) is suitable for a range of individuals, depending on their specific needs and interests. Those who might consider investing include:

1. Real Estate Enthusiasts: Since Contracoin focuses on real estate transactions, it might attract individuals who are active in the property market, or those looking to invest in properties around the globe.

2. Social Impact Investors: With Contracoin pledging 5% of its profits to social housing projects globally, socially conscious investors may be drawn to this opportunity to combine their investment strategies with significant social impact.

3. Cryptocurrency Investors: Contracoin might be an interesting addition to the portfolio of value-driven cryptocurrency investors. Remember that all investments carry risk, and caution is required.

Before purchasing Contracoin or any cryptocurrency, individuals should conduct thorough research and consider the associated risks. Cryptocurrencies are highly volatile and vulnerable to market changes. It's advised to only invest the money that one is willing to risk. Further, potential investors should understand how to properly secure their cryptocurrency, including the use of proper wallet technology and safety measures to protect against theft or loss. For novice investors, it might be beneficial to seek guidance from financial advisors with experience in cryptocurrencies. It's also crucial to stay updated on regulatory updates in one's country as the legal landscape of cryptocurrencies can change rapidly.

Conclusion

Contracoin (CTCN) is a unique cryptocurrency that aims to simplify and streamline global real estate transactions by leveraging the Ethereum blockchain. Especially notable is its commitment to social causes, with 5% of profits dedicated to social housing projects worldwide. This focus sets Contracoin apart in the vast cryptocurrency realm.

The development prospects of Contracoin depend largely on the overall progress and acceptance of digital currencies in the real estate industry and the stability of Ethereum, the blockchain platform it operates on. If Contracoin can successfully position itself as a preferred method of transaction in the real estate market, there could be considerable growth potential.

However, like all cryptocurrencies, Contracoin carries inherent risks due to its volatility. Although opportunities for profits exist, it's possible that the value of the currency could diminish. Investors should always perform their own due diligence and risk assessment before getting involved in any form of cryptocurrency. The bottom line is that, while Contracoin holds promise due to its unique approach and dedication to social housing, investment in it, as in all cryptocurrencies, should be considered carefully.

FAQs

Q: What kind of cryptocurrency is Contracoin (CTCN)？

A: Contracoin (CTCN) is a digital currency focused on the global real estate market, operating on the Ethereum blockchain with a commitment to contributing towards social housing projects.

Q: On what blockchain does Contracoin operate？

A: Contracoin operates on the Ethereum blockchain, leveraging the technology's smart contract feature for real estate transactions.

Q: Does Contracoin have a particular cause it supports？

A: Yes, Contracoin allocates 5% of its profits to fund social housing projects around the world.

Q: Which exchanges support Contracoin (CTCN)？

A: Contracoin can be purchased through several exchanges including Binance, Coinbase, Kraken, Bitfinex, and Bittrex.

Q: What type of wallet can be used to store Contracoin？

A: Any wallet that supports ERC-20 tokens, including software, hardware, online, mobile, and paper wallets, can be used to store Contracoin.

Q: Who should consider investing in Contracoin？

A: Contracoin may be suitable for individuals involved with the property market, socially conscious investors, and value-driven cryptocurrency investors, bearing in mind the inherent risks in investing in cryptocurrencies.

Q: What is the potential growth prospect for Contracoin？

A: The growth prospect of Contracoin will largely depend on the general adoption and progression of digital currencies in the real estate sector and the stability of the Ethereum blockchain, on which it operates.

Q: Can Contracoin appreciate and generate profits？

A: Like all cryptocurrencies, Contracoin carries the potential for profit through appreciation in value, however, it's also subject to volatility and value could fluctuate or diminish.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.