Title: [ANN] Marmara Credit Loops (MCL) | Coin | PoW/PoS | DeFi to run in Real Economy Post by: marmarachain on May 11, 2021, 07:40:59 PM Marmara Credit Loops (MCL), the First and Only DeFi System of the World Designed to Run in Real Economy. Marmara Chain started as a joint project between Marmara University Open Innovations Lab and Komodo Platform Technologies. The brief history may be found here (https://marmara.io/history) WHAT ARE THE MARMARA CREDIT LOOPS? Marmara Credit Loops, or MCL is an UTXO based coin with 25% PoW and 75% Staking with a unique technology and idea based on the credit loops that have a concrete use case in real economy exceeding trillion USD market on papers acting as analog chain. Marmara Credit Loops may be explained based on the famous town analogy in an amusing brainteaser (https://scienceblogs.com/evolutionblog/2009/06/15/an-amusing-brainteaser) where people are stuck in debt due to insufficient supply of money. Credit Loops not only solve the problem of those people but also benefit them with the blockchain rewards. In the first protocol, suppose the tourist issues 100 MCL as credit with 100% collateralization. Then the credit in the loop visits each node while rewarding the pair of initial issuer of credit and each holder node that transfers/endorses the credit in the loop while shopping. This town story happens as analog chain on papers known as promissory notes and post-dated cheques which construct nearly half GDPs such as in Turkey and India. The terminology and how a credit loop is conducted is explained in here (https://github.com/marmarachain/marmara/wiki/How-to-make-Marmara-Credit-Loops). Suppose Bitcoin mining system is reprogrammed with 75% staking where staking rewards are mostly (via 3x staking) distributed to people who make shopping with credit loops. The system runs on an independent smart chain called Marmara Chain that uses UTXO based smart contract technologies known as cryptoconditions powered by Komodo Platform.See here for the tech (https://github.com/KomodoPlatform/Mastering_CryptoConditions/blob/master/all_chapters.md). TWO DeFi PROTOCOLS There are 2 DeFi Protocols in Marmara Chain. They are;
A DeFi SYSTEM TO RUN IN REAL ECONOMY Quote 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. Actually James LEE - jl777 (https://bitcointalk.org/index.php?action=profile;u=177323) • Komodo Platform Founder and Marmara Chain Co-Founder Quote 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. Prof.Dr.Gültekin ÇETİNER (https://twitter.com/drcetiner) • Marmara Chain Founder Quote 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. Dmitriy MENSHCHIKOV - Dimxy (https://marmara.io/discord) • KomodoPlatform Core Developer, Marmara Smart Chain CC Developer MCL 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 (https://komodoplatform.com) technologies. Marmara Chain is protected against 51% attacks by means of Komodo dPoW technologies (https://blog.komodoplatform.com/en/delayed-proof-of-work/) which recycle the hash power of Bitcoin or other network by backing up independent blockhains. Staking could only be done when users lock their coins in one of the two different 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 via endorsement. The process of credit endorsement is designed to assure that transfer is only meaningful while shopping. Credit Loops work also similar to post-dated cheques in cultures where redemption is not made before maturity date of a cheque and hence making collateralization unnecessary. The system consists of two protocols; 100% collateralization and under- or zero-collateralization. The first protocol is based on 100% collateralization. It is an interest-free system providing the negative entropy established through the mining and staking rewards on the same chain. The issuer provides the coins required for 100% collateralization until the maturity date of a credit loop. The second protocol is based on money creation with many different fiat and crypto currencies as well as assets such as gold and silver. The second protocol works by merging the trustless blockchain with communities and escrows who provide the required trust layer into system. The protocol 2 was designed to run in a multilaw structure to enable the use universally in any country and community. A third layer of blockchain fund integrated with escrows is maintained as a kind of distributed notarization system to further protect holders of credits against non-redemption. COIN SUPPLY Marmara Chain has an estimated block time interval of 1 minute and 30 MCL per block as reward. To provide liquidity due to locked coins, a fixed amount of 15 millions are set annually without halving. Marmarca Chain has 3 different coin types for which statistics are given online on stats page in any of explorers such as Stats on Marmara Explorer 2 (https://explorer2.marmara.io/stats).
MINING AND STAKING Mining Mining has only a weight of 25% with activated coins through PoW equihash algorithm (https://blog.komodoplatform.com/en/equihash-algorithm/). Staking Staking comprises the remaining 75%. For staking part, MCL Coin is stakeable with even a small mini PC without much specific hardware requirements though 2 core with 64 bit operating system and 4 GB RAM is suggested as minimum. The staking has 2 parts as follows:-
RESOURCES Website: marmara.io (https://marmara.io) GUIDE Guide for installing Marmara Chain - Setup Chain (https://github.com/marmarachain/marmara/wiki/Getting-Started-with-Marmara) Guide for Conducting Credit Loops - Manage Loops (https://github.com/marmarachain/marmara/wiki/How-to-make-Marmara-Credit-Loops?) GUI Marmara Connector (Conducting Credit Loops) - Marmara Connector (https://https://github.com/marmarachain/marmara-connector/wiki) WALLETS: Wallets (https://marmara.io/wallet) Shopping MCL Market - mclmarket.com (https://mclmarket.com) Shoppings and Auctions Discord Channel related channels (https://marmara.io/discord) Explorers explorer.marmara.io (https://explorer.marmara.io) | explorer2.marmara.io (https://explorer2.marmara.io) | explorer3.marmara.io (https://explorer3.marmara.io) | mcl.explorer.dexstats.info (https://mcl.explorer.dexstats.info) Exchanges AtomicDEX (https://AtomicDEX.io) AtomicDEX Desktop Marmara Fork with non-geoblocking - AtomicDEX Marmara Fork (https://github.com/marmarachain/atomicDEX-Desktop) OTC trading on Trading Channels on Discord (https://marmara.io/discord) Community Discord - marmara.io/discord (https://marmara.io/discord) Telegram - t.me/marmarachain (https://t.me/marmarachain) Twitter - twitter.com/marmarachain (https://twitter.com/marmarachain) Medium - marmarachain-mcl.medium.com (https://marmarachain-mcl.medium.com/) Github - github.com/marmarachain (https://github.com/marmarachain) Marmara Blockchain Bootstrap (to quickly synhronize) - dexstats.info/bootstrap.php (https://dexstats.info/bootstrap.php) Other Coin Statistics - explorer.marmara.io/stats (https://explorer.marmara.io/stats) | explorer2.marmara.io/stats (https://explorer2.marmara.io/stats) | explorer3.marmara.io/stats (https://explorer3.marmara.io/stats) Blogs - blog.marmara.io (https://blog.marmara.io) Title: Re: [ANN] Marmara Credit Loops (MCL) | Coin | Airdrops Post by: marmarachain on May 12, 2021, 11:31:16 PM Airdrops today on Discord Channel
If you like to experiment MCL, there is an opportunity today 13.05.2021. The event will be starting around UTC 09:00 am. You can download the decentralized exchange AtomicDEX Mobile (https://atomicdex.io) and add MCL. You can also meet our community. We will be using airdrops channel at Discord. Please join in from the link marmara.io/discord (https://marmara.io/discord) Regards Title: Re: [ANN] Marmara Credit Loops (MCL) | Coin | PoW/PoS | DeFi to run in Real Economy Post by: marmarachain on May 16, 2021, 08:11:34 PM BREAKEVENT POINT IN MARMARA CREDIT LOOPS
We are happy that the amount of MCL coins locked in credit loops exceeded the coins locked in activated first time after the launch of mainnet on 17th January, 2020. The beauty of the coins locked in credit loops is that they can be only used in real shopping to transfer the ownership since the participation to 3x staking is transferred to new bearer/holder node during endorsement of credit. https://miro.medium.com/max/2040/1*c5u6bZS4PPzNm1XHHvAiTg.png (https://miro.medium.com/max/2040/1*c5u6bZS4PPzNm1XHHvAiTg.png) Please note that activated coins can be unclocked any time but they cannot be transferred while they are staking. Besides they have only 1x staking power, while coins locked in credit loops participate in 3x staking. Marmara Discord Address: marmara.io/discord (https://marmara.io/discord) Title: Re: [ANN] Marmara Credit Loops (MCL) | Coin | PoW/PoS | DeFi to run in Real Economy Post by: adonis19 on January 22, 2024, 02:20:54 PM It's just an empty fraud project. They kicked me out of the discord server because I asked why there wasn't a qt fork on the discord server and why it was allowed to be listed in a single mining pool. It's even funnier that this pointless project was made by an anti-vaccine professor. And that person is a political Islamist AKP supporter, he must have become a professor very easily lol
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