What are Canton Network and Canton Coin (CC)?
Canton Network is a public layer 1 blockchain built for privacy-preserving transactions. It uses selective disclosure, which means each party sees only the data it is entitled to see.
Canton Coin (CC) is the native utility token of the Canton Network's Global Synchroniser, 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 Singapore
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 track 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, debit card, Apple Pay, Google Pay or crypto deposited from another wallet.
For bank transfers, you can use a FAST transfer in SGD, which is free on Crypto.com, or a Swift transfer in USD. If you deposit crypto from an external wallet, do check that the asset and network are supported and that the address is correct. Unsupported or incorrect crypto deposits can result in loss, and crypto transactions are irreversible.
What is the minimum amount to invest in Canton Network?
The minimum amount required to invest in Canton Network on Crypto.com depends on your payment method: SGD 1 for direct purchases with Apple Pay or Google Pay, SGD 20 by card and SGD 50 by FAST bank transfer.
In practice, this means you can buy a small fraction of Canton Network instead of committing a larger amount upfront.