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$0.0108
24h Change +0.92%
24h High $0.0111
24h Low $0.00930
24h Volume $361
Max Supply: 0
Circulation: 85,080,309.998
Market Cap: $920,658
Listing Date:
2024-01-08, 11:15:26
Network:
Marmara Credit Loops Main Chain
Asset Type:
Coin
Links
Social
Primary Markets (1 active)
Total Market Volume: ~$361
Liquidity Pools (1 Active)
Total Pool Liquidity: ~$259
Market | Volume | |
---|---|---|
$361.49 |
Hot Wallets
Deposit
Block #2770845 @ 3.05 min ago
Balance: 2681.33077600
Updated: 3.15 min ago
Withdraw
Block #2770845 @ 3.05 min ago
Balance: 1701192.15182422
Updated: 3.15 min ago
Highlighted Assets
Market Cap: $22.4K $0.000000364
Top Volumes
About Marmara Credit Loops
Marmara Credit Loops (MCL) is a pioneering DeFi system, uniquely designed to operate within the real economy. As the world's first of its kind, MCL revolutionizes traditional credit mechanisms, offering a decentralized alternative rooted in the principles of post-dated checks and promissory notes. The platform's 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. MCL operates as an independent smart chain, featuring a coin that is 25% mineable and 75% stakeable, integrated with two distinct DeFi protocols. Utilizing a UTXO-based Turing Complete Smart Contracting system powered by Komodo Platform, MCL ensures robust security, including protection against 51% attacks through Komodo's dPoW technology, which leverages hash power of other platforms such as Bitcoin and LiteCoin for added security. 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, a feature unparalleled in other staking systems. This dynamic staking mechanism allows coins to remain in circulation, even while locked in credit loops, ensuring liquidity and utility in the real economy. MCL's integration with real-world applications, such as the zero-commission Zincir Market, showcases its potential to transform both digital and traditional marketplaces. 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. 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.
Stable Connection