AMA Recap: CRYPTO MINERS X MARS ECOSYSTEM
The fundamental issue within most current stablecoin protocols is positive externality. The cost of producing and maintaining stablecoins are incurred by the protocol and its users (minters, share holders, bond holders). Whereas the majority of the value comes from the transaction of stablecoins within DeFi primitives and is captured by these DeFi primitives.
Mars Ecosystem solves this problem by integrating the creation and the use of stablecoin into one stable yet decentralized ecosystem. The relationship between Mars Stablecoin and Mars DeFi platform creates a positive feedback loop and generates a flywheel effect.
We hosted an AMA session with Mars Ecosystem on 8th October at 1:00 PM UTC
Mr. Ramsy from Crypto Miners was the host and Mr. Oscar was the guest, the community director of Mars Ecosystem. He shared with us a well detailed insight into the Project and Unique features of Mars Ecosystem.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session with Mars Ecosystem
Thank you all for joining us today!❣
To help us learn more about the featured project of this AMA session, we are lucky to be joined by Mr. Oscar Who is Community director of Mars Ecosystem, Welcome to our community 🤝
Hi everybody,great to be here
Gald to see you here ,
Thanks for bringing Us Mars Ecosystem❤️
I'm pretty sure that our AMA participants are very much excited to learn more about Mars Ecosystem, so let's get started if you're ready.
Here’s the first question for you
1. Can you please introduce yourself and your background, also introduce the team working on Mars Ecosystem?
Hello, guys! I am Oscar, the community director of Mars Ecosystem. I’ll be the guest today with you😜
And yes, I am quite familiar with the Mars team. They are amazing people. Maybe a bit crazy, but very talented, I promise. Mars Ecosystem team members are all early practitioners of the Internet and Blockchain with an especially strong background in finance. Graduated from prestigious universities such as Stanford University. The team has many years of cross-terminal capabilities, financial background and mature Defi industry experience. The most important is that they all have firm beliefs and great visions for blockchain technology and Defi!
Alright, Shall we move to our next question?
Yeah, before that, i want to share a good new with all our members
Sure, Go ahead..
We just launched a new Farm today, users can stake XMS-BNB to earn $CAKE now at MarsSwap: https://app.marsecosystem.com/farms
And please let me give an intro of Mars Ecosystem, I believe most of our users are not familiar with us.
Mars Ecosystem is now one of the hottest projects on BSC, and also one of the strongest participants of the MVB III Program!
In September, Mars Ecosystem has just launched its own Farms/Pools and the TVL already reached 🔥$240M. at the same time maintaining APR up to 1100%.
🔥$1.4M worth of BTC, BNB, ETH, CAKE were distributed to XMS stakers during the last week. Cumulative reward distribution reaches $2.6M.
Now we can continue to the next question, please 😊
2. I heard that many investment institutions have already invested in Mars Ecosystem. Can you tell us, so far, which institutions have invested?
Yes, Mars Ecosystem has successfully raised 🔥$2 million in seed funding. The round attracted investment from several major blockchain funds, including Continue Capital, Parallel Ventures, Kernel Ventures, and YBB Foundation, among others. All these investment institutions, including Continue Capital, have a deep understanding in the field of decentralized stablecoins. We are so glad to have their trust and support. 🙏🏻❤️
Read more details here: https://bitcoinist.com/mars-ecosystem-raises-2m-to-develop-defi-stablecoin-protocol/
Thank you for sharing that valuable information About Mars Ecosystem, Now let’s move to our next question
3.Can you introduce the main products of Mars Ecosystem and those partners' projects currently working with Mars Ecosystem?
Mars Ecosystem aims to overcome all the challenges of decentralized stablecoins with a system that offers high price stability, scalability, and a high degree of decentralization.
Mars Ecosystem consists of three parts: Mars Treasury, Mars Stablecoin and Mars DeFi protocols. It integrates the creation and use of stablecoin into the same system.
The goal of Mars Ecosystem is to build the central bank and reserve currency of the DeFi world. The MarsDAO and Mars Community work together to bring Financial Stability and Transparency to the world economy, and beyond…
We have already reached strategic partnership with several major launchpads, such as LaunchZone, Helmet.insure, Bella Protocol and BakerySwap.
And we reached partnership with Venus, the number one decentralized money market on BSC. Also Mars Ecosystem integrates with Berrydata Oracle. Berry Data will support suitable oracle services for Mars Stablecoin token pairs in the future.
Besides, in the near future, we will cooperate more projects in DEFI and also in NFT to explore more possibilities, so Join our community and stay tuned! https://t.me/joinchat/WNHHnd4u0qgyOWJh
Wow👌 Great Vision ,Appreciatable👏👏
Now moving to our next question of this segment
4. Can you tell us about your Farms/Pools?
yes, of course
On the 1st Sep., we launched successfully Mars Farms/Pools. We designed a new economic mechanism for the farms/pools to make them more sustainable, and the APR is relatively high compared with many other well-known projects. In this way, users can get higher profits in a long-term period. Beside XMS holders, Cake holders & PancakeSwap LP tokens holders can also earn XMS with up to 1200% APR! https://app.marsecosystem.com/farms
And in September, we also launched XMS-BNB & XMS-BTC & XMS-ETH single token pools. Users can now stake their XMS to earn BNB/BTC/ETH with a 400+% APR, without vesting, receive rewards in BTC/BNB/ETH instantly. Join our Pools now: https://app.marsecosystem.com/pools
At present, the APR for staking #CAKE to earn XMS is 🔥500+%, and staking XMS to earn CAKE is also 🔥400+%, which means that 🥞CAKE holders can earn XMS, and can then use the XMS rewards to earn CAKE again. It is much more profitable than staking CAKE to earn CAKE on PancakeSwap with ~55% APR.
Alright,Now Moving to our last question of this segment
5.How can Mars Ecosystem maintain the APR in such a high level?
Good question. Mars Ecosystem understands that community support is a key factor in determining whether Mars Ecosystem’s grand vision can be realized. According to this concept, we provided the early hitchhikers of the Mars community with better terms than the VCs and Institutions in our IMO in June (and the participants are already enjoying the profits!). Also according to this concept, ❤️65% of the total supply of XMS will be distributed to the community in the form of community incentives.
We always try our best to provide our users with the best investment opportunities, and the highest returns.
We launched yield farming in September. The revenue of Mars Ecosystem comes from Interest generated by assets which have been staked on Mars platform by our users, as well as Swap transaction fees.
Our team firmly believes that users are the foundation of project development.
Therefore,we reward XMS stakers in the form of BTC, BNB, ETH, CAKE with 🔥90% of the income coming from the XMS staking Pool, the remaining income goes to the DAO Treasury to support the development of the project and its MKT.
Thanks for that well detailed introduction about Mars Ecosystem🤝
That wraps up the first part of the AMA session✅
Thanks a lot!
Let’s now proceed to the Live section, if you're ready
yes, i am ready!!!
Live Q&A Segment:
(In this segment, group was opened and miners sent hundreds of questions live in group. Mr. Oscar choose the best 5 to answer)
1st from Ashir:
Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
Yes! Mars Ecosystem is now on Youtube, for example, now you can watch here step-by-step guidance of trading:
This short video eases users to swap their tokens to $XMS so users can stake their #XMS to earn with 🔥1000+% APR at our YieldFarming !!! Besides, you can also read introduction of mars Ecosystem and other guidance, we will keep updating in the future. Follow us and stay tuned!!! 💃🏻
2nd from Good Day:
Trust and security are very important in any business, what makes investors, customers, and users safe secure when working with your project?
As we promised, ensuring the safety of user assets is our 🥇top priority.
We attach a great importance to the attack vectors that our innovations may bring, and for this we have conducted multiple tests.
First of all, our smart contracts are audited by the best security auditors in the world: 🌟Certik and SlowMist.
Certik and Slowmist Audit Reports of Mars Ecosystem are already out, you can check the below link:
Besides, Mars Ecosystem launched a bug bounty program on Immunefi, DeFi’s leading bug bounty platform. The Bug Bounty is LIVE: https://twitter.com/immunefi/status/1435561969772384256?s=20
Zap those bugs and get bug bounty hunting, & you can earn yourself $60,000! Check the details: https://immunefi.com/bounty/marsecosystem/
3rd from Minxoxyde:
I see that Mars Ecosystem launch the Airdrop event with Coinmarketcap, can you talk about it? like how we can participated to join this airdrop? And how many $XMS will provided as a rewards?
$ 50,000 in XMS tokens will be distributed by 3000 winners. Join Mars Ecosystem x CMC airdrop here: https://coinmarketcap.com/currencies/mars-ecosystem-governance-token/airdrop/
4th from Bill720:
Currently, investors only focus on short-term token prices instead of finding out the real value of the project. Can you tell us the motivation and benefits for investors to hold your tokens in the long term? Do you have any rewards program?
Yes, Mars Ecosystem understands that community support is a key factor in determining whether Mars Ecosystem’s grand vision can be realized. According to this concept, we provided the early hitchhikers of the Mars community with better terms than the VCs and Institutions in our IMO in June (and the participants are already enjoying the profits!). Also according to this concept, 🔥65% of the total supply of XMS will be distributed to the community in the form of community incentives.
For the success of the project, the Mars team, the institutional investors and the IMO participants we have a revolutionary sustainability model, the first of its kind!
1) The Mars team’s XMS tokens will be released linearly for 36 months, starting from Genesis Launch (After a month or so).
2) The institutional investors’ XMS tokens will be released linearly for 18 months, starting from Genesis Launch (After a month or so).
3) IMO participants’ tokens are released linearly for 6 months, starting on June 15th.
In line with the same goal to onboard and retain long-term supporters of the Mars Ecosystem, the XMS rewards earned by users in Farms & Pools will be released linearly within 6 months (released every 3 days after the user Harvest). We hope that through this design, XMS tokens can be distributed to the true long-term supporters of the Mars Ecosystem in a sustainable way.
It is worth mentioning that the lock-up helped our IMO users to hold the XMS tokens, and many users already achieved a return of more than 🔥20 times.
5th from Bill720:
It’s easy to make a token but it’s really hard to make this token valuable? So what’s your startegy to make your token more valuable and what’s your plan to maintain token price and supply?
Starting from the launch of Farms/Pools, we will cooperate with BSC’s major DeFi protocols such as DEXs, lending protocols, leveraged mining protocols, etc.
In October, Mars Ecosystem will launch our Stablecoin with a 🚀"Genesis Launch" event. Users can mint USDM and earn XMS rewards. At the same time, we plan to release the yield aggregator module and develop our Launchpad platform.
Next, we will release more DeFi protocols through investment, incubation, and joint development to empower the Mars Ecosystem.
In Q1 of 2022, we plan to implement the function of stablecoins' mintage on other public chains to expand our protocol.
🌟All the above plans will empower and add value to our governance token $XMS.
*This segment ends here*
That's all the 5 answers to today's question. Hope I have made them clear. 👍🏻
Thankyou so much For your valuable answers and information about Mars Ecosystem,
It Was Pleasure Hosting An Ama With You
Is there anything else you would like to share or you want us to know ?
Dont forget to join our new "XMS-BNB" farm today. You can claim rewards in $CAKE without vesting!!!
Start to earn: https://app.marsecosystem.com/farms
Thanks a lot for hosting 🙏🏻
Thanks and best of luck.
Community, if you would like to learn more about Mars Ecosystem, here are some useful links for you:
Twitter : https://twitter.com/MarsEcosystem
Medium : http://mars-ecosystem.medium.com/
Discord : http://discord.gg/gEWC4VVnNt