Mars Ecosystem Weekly Report #16
Dear Mars Ecosystem community members,
Please see our latest updates below (6th Dec.- 12th Dec.):
🌟 1. $3.6 Million worth of $BTC, $BNB, $ETH, $CAKE were distributed to $XMS stakers last week. Total rewards distributed stands at $32.9 Million already.
MarsEcosystem firmly believes that users are the foundation of development, So we currently reward XMS stakers in the form of BTC, BNB, ETH, CAKE with 90% of the income via the XMS staking Pool, the remaining income goes to our DAO Treasury which supports the development of the project and its MKT.
User Satisfaction is the goal and motivation of the Mars Ecosystem team.
🌟 2. Honoured to be on Binance Smart Chain Project Spotlight.
Learn more about the Mars Ecosystem and our open & decentralized finance protocol with the USDM stablecoin.
Read more details by BSC:
🌟 3. Launched a new pool: Stake $USDm to earn $MONI.
On the 8th of Dec, Mars Ecosystem cooperated with Monsta Infinite and launched a new pool on Mars Ecosystem Pool.
Stake $USDm to earn $MONI:
Pool: app.marsecosystem.com/pools
Read more details:
Mars Ecosystem will cooperate with more projects in the future.
🌟 4. Announced the upcoming measures for Dec.: XMS deflation & USDm use case and stability.
XMS deflation:
We will launch a GameFi platform and an innovative Yield Aggregator. The IHOs of both projects will be held on Mars, and XMS will be accepted. All XMS raised from these IHOs will be BURNT. XMS will be in deflation soon.
USDm use case & stability:
1) USDm use case:
We are negotiating cooperation with many DEX, lending protocols and other DeFi protocols, and we will announce them soon.
For example, Pledge Finance, a promising lending platform backed by many silicon valley venture capitalists, will support USDm as collateral.
2) USDm stability:
a. Mars Treasury will continue to only accept stablecoins like BUSD to mint USDm, and will not accept other assets with any volatility. Therefore, all the circulating USDm is currently supported by BUSD of the same value in Mars Treasury. This measure ensures that each USDm is worth 1 USD.
b. After the Genesis period, the redemption mechanism of USDm will not be turned on, and the Mars Treasury will use its stablecoin reserves to directly support the stability of USDm. When the price of USDm is significantly lower than $1 for a long time, the Mars Treasury will use its stablecoin reserves to buy back USDm.
Read the details:
https://mars-ecosystem.medium.com/what-you-can-expect-from-mars-ecosystem-in-december-761de53170ac
🌟 5. Announced the upcoming IHO of a GameFi platform and an innovative Yield Aggregator.
Mars Ecosystem will launch a GameFi platform and an innovative Yield Aggregator. The IHOs of both projects will be held on Mars, and XMS will be accepted. All XMS raised from these IHOs will be BURNT.
What is Mars Ecosystem’s IHO?
‘IHO’ is initial holder offering. It allows projects to distribute their new tokens to the wider audiences as possible in a fairway. Projects benefit from increased exposure, easy token distribution and are able to focus on the most important thing, which is how to build value through their token and products.
Read the details of IHO:
https://mars-ecosystem.medium.com/introducing-mars-holder-offering-platform-mho-f682d153fb74
🌟 6. Announced a staking campaign with ONTO Wallet.
On December 10th, Mars Ecosystem x ONTO Wallet held a week-long staking event on Mars Ecosystem’s BNB Pool.
Staking campaign with $4,000 $XMS + $ONG rewards.
Time: Dec. 10th (9:00 UTC) — Dec. 17th (9:00 UTC)
Enter: https://app.marsecosystem.com/pools
Read more details:
https://medium.com/onto/onto-mars-ecosystem-are-hosting-a-staking-campaign-4-000-up-for-grabs-b648d2cab9e8
Useful links:
📈 DAPP
🌎 Website
🎬 Youtube
🤖 Discord
📝 Medium
👾 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
