Announcing the launch of Mars Ecosystem Genesis Event 3

A huge shout-out to all the participants of ‘Genesis Event 2’. We were able to achieve 10M BUSD committed within 95 minutes and 15M XMS staked at the same time. It is truly magnificent, and we hope for the same success in the coming up ‘Geneses Event 3’.

At the end of ‘Genesis Event 2’, we have in total of 15,448,336 BUSD committed and 23,172,504 XMS staked, which means we exceeded the mintage cap 1.5X over! We sincerely appreciate your participation, enthusiasm, and patience in our event.

A summary of ‘Genesis Event 2’

Total BUSD committed: 15,448,336 BUSD

Total $XMS staked: 23,172,504 XMS

XMS claimable time starts: 02nd Dec 2021 3:03PM UTC

🔥Genesis Event 3

Start Time: November 29, 13:00 UTC

Duration: 2 hours

End Time: November 29, 15:00 UTC

Venue: https://app.marsecosystem.com/stablecoin/#/

USDm Mintage Cap: The maximum amount of USDm that can be minted in ‘Genesis Event 3’ is 15 Million. In the case of oversubscription, all participating users will share the USDm mintage quota based on their subscription amount.

USDm mintage cost: 1 USD.

Whitelisted assets for minting USDm: BUSD.

XMS requirement for participation: To commit 1 BUSD to participate in the minting of USDm, a user must stake 1.5 XMS proportionately. The staked XMS can be claimed 7 days after Genesis Event 3 ends.

To understand the ‘Genesis Event 3’s process through a graph:

r = Your commit BUSD / Total commit BUSD

🔥After Genesis event 3, what are the benefits for USDm holders?

1.Users can stake USDm to Earn XMS, BTC, ETH, BNB, CAKE With XXXX%+ APR. (https://app.marsecosystem.com/pools)

2. Users can trade USDm on Marsswap and enjoy a high premium. (https://app.marsecosystem.com/swap)

✨ Enjoy High APR with USDm

Immediately after Genesis Event 3 ends, users can stake USDm to earn XMS, BTC, ETH, BNB, CAKE at Mars Pool with XXXX%+ APR.

✨Security

We are all concerned about the security issues, as we promised, ensuring the safety of user assets is our top priority.

We attach great importance to the attack vectors that our innovations may bring, and for this, we have conducted multiple tests.

Our Stablecoin module is audited by the best security auditors in the world: SlowMist, Certik, and BlockSec.

✨Module restrictions

In order to achieve the purpose of incentivising the minting of $USDm and to be consistent with the economic dynamics caused by the unique economic mechanisms of Genesis, the following modules will not be open in Genesis:

· USDm Minting

· USDm Redeeming

· USDm Mintage Control

The price of USDm in Genesis is highly volatile and will return to $1 after Genesis.

In order to incentivise the minting of USDm, the core modules related to the stability of USDm will not be open in Genesis. This makes the USDm price unstable at $1 in Genesis. As a result, the price of USDm is highly volatile in Genesis. However, the USDm price will return to $1 soon after Genesis.

Useful links:

White paper about the genesis in different languages: https://docs.marsecosystem.com/whitepaper/genesis
Our DAPP: https://app.marsecosystem.com/

Website: https://marsecosystem.com
Twitter: https://twitter.com/MarsEcosystem

Instagram: https://www.instagram.com/marsecosystemofficial/
Discord: https://discord.gg/52TEnebg
Medium: https://mars-ecosystem.medium.com/
Reddit: https://www.reddit.com/r/marsecosytem/

👾 Join our community

🌟 English Telegram: https://t.me/mars_ecosystem

🌟Chinese Telegram: https://t.me/Marsecosystem_chinese

🌟Indonesian Telegram: https://t.me/marsecosystem_IDSA

🌟Vietnam Telegram: https://t.me/marsecosystem_vietnam

🌟Turkish Telegram:https://t.me/marsecosystemturkey

🌟Spanish Telegram: https://t.me/marsecosystem_ES

🌟Russian Telegram: https://t.me/marsecosystem_cis

🌟Portuguese Telegram: https://t.me/marsecosystem_Pt

🌟French Telegram: https://t.me/marsecosystem_french

🌟Thailand Telegram: https://t.me/marsecosystem_thailand

👨‍🚀 Great things are on the horizon and together we will build a New Decentralized Stablecoin Era!

Yours sincerely,

The Marsecosystem Team

A New Decentralized Stablecoin Paradigm. http://marsecosystem.com

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Mars Ecosystem

Mars Ecosystem

A New Decentralized Stablecoin Paradigm. http://marsecosystem.com

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