What are Canton Network and Canton Coin (CC)?
Canton Network is a public layer 1 blockchain designed for privacy-preserving transactions. It relies on selective disclosure, which means each party sees only the data they are entitled to see.
Canton Coin (CC) is the native utility token of Canton Network's Global Synchronizer, an interoperability service for the network. CC is used to pay network usage costs, known as traffic fees, reward infrastructure operators and support governance participation by Super Validators.
How to invest in Canton Network in the UAE
In the Crypto.com App, the basic steps are:
- Sign up and complete identity verification.
- Top up your account.
- Go to the trading screen.
- Select Canton Network.
- Complete your order.
Once you have bought Canton Network, you can hold it in the App wallet and keep an eye on your portfolio in the App or on the web platform.
Ways to fund a Canton Network purchase
You can fund your account and buy Canton Network in the App using a bank transfer in AED, a Swift transfer in USD, a debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or crypto deposited from another wallet.
Bank transfers in AED and crypto deposits are free on Crypto.com, though other charges may apply to crypto deposits. If you deposit crypto from an external wallet, make sure the asset and network are supported and that the address is correct. Unsupported or incorrect crypto deposits can lead to loss, and crypto transactions are irreversible.
What is the minimum amount to invest in Canton Network?
The minimum amount needed to invest in Canton Network on Crypto.com is 10 AED.
In practice, that means you can buy a small fraction of Canton Network rather than committing a larger amount upfront.