Marmara Credit Loops (MCL) is the first and the only Decentralized Finance (DeFi) system in the World designed to run in real economy. The system was inspired from a real use-case based on post-dated cheques and promissory notes working as analog blockchain on papers with more than 1 Trillion USD in World economy in some countries.
The system rewards buyers and sellers when shopping with credit loops instead of cash. It works as an independent smart chain with a 25% mineable and 75% stakeable coin integrated with two DeFi protocols. The system uses UTXO based Turing Complete Smart Contracting system powered by Komodo Platform.
Marmara Chain is protected against 51% attacks by means of Komodo dPoW technologies which recycle the hash power by backing up independent blockhains on some powerful networks such as Bitcoin. Staking could only be done when users lock their coins in one of the two funds, namely; "Activated" and "Locked in Credit Loop" (LCL) funds. When coins are locked in LCL funds, both issuer and holder(s) of credit have the chance for 3x staking. The system has a unique solution for coins locked in credit loops unlike other staking systems. Locking coins into credit loops for staking does not make them static. Instead, they can be circulated while they are locked and doing 3x staking. The process of credit endorsement is designed to assure that it is only worth when shopping.
Premine: 2 000 000 MCL
Marmara Credit Loops [MCL] is a cryptocurrency with its own blockchain. The most actual price for one Marmara Credit Loops [MCL] is $0.013104. Marmara Credit Loops is listed on 2 exchanges with a sum of 4 active markets. The 24h volume of [MCL] is $231.19, while the Marmara Credit Loops market cap is $0 which ranks it as #5456 of all cryptocurrencies. You can find more information about Marmara Credit Loops [MCL] on marmara.io
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