Marmara Credit Loops MCL
1. Summary
- Description
-
Marmara Credit Loops (MCL) is a pioneering DeFi system designed to operate within the real economy. This platform revolutionizes traditional credit mechanisms by offering a decentralized alternative rooted in post-dated checks and promissory notes. The innovative 'Credit Loop' system allows users to issue, endorse, and settle credit with unmatched...
Marmara Credit Loops (MCL) is a pioneering DeFi system designed to operate within the real economy. This platform revolutionizes traditional credit mechanisms by offering a decentralized alternative rooted in post-dated checks and promissory notes. The innovative 'Credit Loop' system allows users to issue, endorse, and settle credit with unmatched transparency and security, mirroring real-world financial interactions in a digital realm.
Key Features
- Independent Smart Chain: MCL operates as an independent smart chain with 25% of its coin mineable and 75% stakeable, integrated with two distinct DeFi protocols.
- Unique Staking Model: The platform's staking model is unique; coins can be locked in two funds: 'Activated' and 'Locked in Credit Loop' (LCL). Notably, coins in the LCL fund enable 3x staking rewards for both credit issuers and holders.
Security and Liquidity
- Distributed Insurance Mechanism: The MCL Coin, serving as the native collateralization asset on the Marmara Chain, addresses the nonredemption problem prevalent in traditional credit systems. It acts as a distributed insurance mechanism against defaults, adding another layer of security and trust to the ecosystem.
- Liquidity in Credit Loops: Unlike other staking systems, locking coins into credit loops for staking does not make them static. They can be circulated while they are locked and doing 3x staking.
Connection to Real Economy
- Real-World Applications: MCL's integration with real-world applications, such as the zero-commission chain market, showcases its potential to transform both digital and traditional marketplaces.
- Peer-to-Peer Credit Creation: Inspired by paper-based blockchain nature of promissory notes and post-dated cheques, MCL aims to digitalize credits on the blockchain while solving the problem of nonredemption.
In essence, Marmara Credit Loops is not just a financial platform but a comprehensive ecosystem that bridges the gap between traditional finance and the digital economy, offering a secure, transparent, and efficient system for credit transactions and staking rewards.
| Price | |
| 52W High price | $0.05 |
| 52W High date | 3rd Mar 2024 (1 year ago) |
| All Time High (ATH) Date | 13th Dec 2023 (1 year ago) |
| ATH Price | $0.18 |
| % From ATH | -96.2% |
| All Time Low (ATL) Date | 7th Feb 2025 (2 months ago) |
| ATL Price | $0.004191420000 |
| % From ATL | 64.49% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $185.00 |
MCL
How does Marmara Credit Loops's (MCL) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-30.4%
MCL
-
Similar Market Cap
60 Day Return
-36.8%
MCL
-
Similar Market Cap
1 Year Return
-78.8%
MCL
-
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
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| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 471 |
| Twitter followers |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://marmara.io |
|---|---|
| Explorer | https://explorer.marmara.io/ |
Has Marmara Credit Loops been audited for security?
No security audits found for this project.
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