Mars Ecosystem Weekly Report #30
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)
🌟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.
🌟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
👾 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
🌟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!
The Marsecosystem Team