Mars Ecosystem Weekly Report #30

Mars Ecosystem
2 min readMar 28, 2022

Dear Mars Ecosystem community members,

Below are the project’s highlights for the most recent week (21st Mar. — 27th Mar.):

🌟1. Burned 30M $XMS after the Mars Ecosystem IHO with UpDeFi

After our successful IHO with UpDeFi, 30 million XMS was immediately burned, which represents nearly 10% of the current circulating supply of XMS. Furthermore, the total amount of $XMS burned among IHOs was 49 million which is 4.9% of the total supply.

$XMS Burned Info:

Toal $XMS burned in Mars Ecosystem IHO with UpDeFi: 30 Million(10% of the current circulating supply of XMS)

Toal $XMS burned in Mars Ecosystem IHOs: 49 Million(4.9% of total supply)

Check here:

🌟2. Reduced the XMS per block reward amount of all Mars Pools & Farms by 50% to speed up XMS deflation.

The reduction in the amount of XMS rewards started leading to a reduction in Mars’s protocol revenue, and all Mars Pools & Farms that reward CAKE, BNB, BTC, and ETH, which all come from protocol revenue, were reduced accordingly.

Check here:

🌟3. Congratulations on the successful launch of UpDeFi

A big congratulations to UpDeFi on their successful launch. As we continue building on our vision of an ecosystem revolving around USDm-based stablecoin, it’s important to understand UpDeFi’s launch as an important step for MarsEcosystem towards the completion of that vision.

Mars Ecosystem is eager to work with all teams & projects that can mutually benefit from the application of USDm token to bring more value to XMS & USDm users.

The XMS tokens allocated to the Mars Ecosystem team have never been released. In order to meet users’ expectations, we’ll continue to work hard.

Check the details:

🔗 Mars Ecosystem useful links

📙 Whitepaper


🌎 Website

🐦 Twitter

📝Certik Report

📝SlowMist Report


🎬 Youtube

🤖 Discord

📝 Medium

🧠✍🏻 Reddit

👾 Join our community

🌟 English Telegram:

🌟Chinese Telegram:

🌟Indonesian Telegram:

🌟Vietnam Telegram:

🌟Turkish Telegram:

🌟Spanish Telegram:

🌟Russian Telegram:

🌟Portuguese Telegram:

🌟French Telegram:

🌟Thailand Telegram:

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

Yours sincerely,

The Marsecosystem Team