Muslim Renewal Coin
Welcome to the Muslim Renewal Coin Website
We are Best-of-Breed Crypto Coin
At Muslim Renewal Coin (MRC) our goal is to launch and maintain a hard, asset-backed coin that will be the best store of value in the world.
This is a Level-3 coin, which means it has multiple backing. First, MRC is backed by the Blockchain. Second, MRC is backed (partially) by Gold. Third, MRC is backed by a community Shark Tank Equity.
There are multiple ways to participate, which are:
- Acquiring the Coin
- Being a “Project” on the Community Shark Tank
- Being a “Shark” Being another type of funder
- Being a viewer of the program
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The MRC will be backed by Gold. Every coin sold at the ICO (initial coin offering) will be backed by 80% gold. (click here for math detail on gold backing)
Newsletter
June 2022 — Our first newsletter starts on a note of comparison. As most people know by now the Terra blockchain token known as “Luna” crashed last week. Read more.
MRC is Designed for the Long-Term
Level 1 Coins
Over 99% of the 30,000+ existing cryptocurrencies are coins backed only by their Blockchain. This valuation has left most Level 1 cryptos worth almost zero, even after years on the market.
Level 2 Coins
Commonly known as Stable Coins they are backed and supported by some type of assets. These assets vary widely from fiat currency, real estate, art, non-fungible token (NFT), or precious metal.
Level 3 Coins
Not even out yet, Level 3 will have multiple support. In the case of the Muslim Renewal Coin (MRC), which is coming out shortly, it will be backed by Gold and Community VC equities along with the Blockchain. These new Crypto Coins will be issued through an ICO (Initial Coin Offering) so the average person can bid for them, instead of the far more expensive method of mining, which damages the environment.
Each time a MRC coin is issued 80% of the funds collected will be used to purchase Gold. The other major factor of support will be the Funding DOA, which will operate much like the UK’s Dragons Den or the American Shark Tank. More detail will be outlined in the Whitepaper.