Creditcoin

Creditcoin network is composed of fundraisers and investors. A fundraiser announces its offer to the Creditcoin network; the offer contains the desired amount to raise, cryptocurrency, an optional collateral cryptocurrency, and Creditcoin for a transaction fee. An investor announces its offer to the Creditcoin network, too. When the two offers from a fundraiser and an investor matches, the Creditcoin network connects the two to complete the investment transaction: Investor sends its capital to the fundraiser, the fundraiser sends its transaction fee and collateral (if there was one in the offer). When the every subtransaction is validated, the transaction is considered completed and announced to the whole Creditcoin network. Additionally, the investor can possibly mine Creditcoin as a mining reward. The possibility of mining a new Creditcoin is proportional to the size of the investor’s share in the total distribution of capital.