Marmara Credit Loops
The First and the only DeFi system in the World designed to run in Real Economy
Marmara Credit Loops (MCL)
To the contrary belief, banks are not the sole institutions for creating money based on credit.
In many countries all over the world, like banks, individuals are able to create money through post-dated cheques or promissory notes in a peer to peer manner. They work best in real economy.
Inspired by the paper-based blockchain nature of these promissory notes and post-dated cheques’ circulation, in the same analogy, Marmara Credit Loops Project aims to digitalize those credits on the blockchain while solving the problem of nonredemption of these tools.
Marmara V.1.0 Protocol 1
100% Self-assured Credit Loops System
Marmara v.1.0 is a system that uses 100% self-assurance as a general feature, as opposed to “Paper based Analog Blockchain of Trust Based Credit Loops” systems used worldwide. Every credit that comes out in Version 1 has a 100% collateralization.More Details
Marmara V.2.0 Protocol 2
Trust Based Credit Loops
Inspired from standard post-dated cheques, this system works based on trust. Marmara 2.0 Credit Loops in their basic form work in many countries as analog version on papers known as post-dated cheques and promissory notes in circulation.More Details
Marmara Credit Loops
Developed using Antara Framework technology by Komodo Platform as Custom Consensus (CC) Smart Contracts
3x Staking Power
3x staking when Activating/locking Coins in Credit Loops.
Block Rewards per Minute
~ 15,000,000 MCL
MCL is the first DeFi that works for the real world items, it also migrates to blockchain a system that people have used for centuries. The initial version shows what is possible and it will be expanding in its popularity when the second version will be released.
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 rewards buyers and sellers when shopping with credit loops instead of cash.
Marmara project is a great example of blockchain application in real life for real problem-solving. I think such projects are making a decentralized future closer and will be part of the next-gen financial system.
I am a blockchain core developer in Komodo, engaged in development of cryptocondition modules, aka Komodo Antara custom consensus technology. I contributed to the Marmara custom consensus and staking code, performed the Marmara chain extensive testing and developed statistical rpcs. I am very exciting to participate in getting on chain real world economic objects like Turkish vadeli checks and helping people use blockchains.