We are coming: Mars Ecosystem XMS IMO

Hello, Hitchhikers! ๐Ÿ‘จโ€๐Ÿš€ ๐Ÿ‘ฉโ€๐Ÿš€

We really appreciate all your early support and expectations for Mars Ecosystem. Thanks to every hitchhiker who joins our Mars community, because of you we continue to grow stronger! ๐Ÿ’ช๐Ÿผ

We opened a poll on ๐Ÿฆ Twitter to listen to the voices of our hitchhikers.

Since many hitchhikers hope that Mars Ecosystem will provide them with an exclusive channel to purchase XMS tokens as a reward for their active participation in community activities, we decided to open an exclusive IMO for our hitchhikers!๐Ÿ”ฅ

๐ŸŒŸ VC and Institutional Funding

Mars Ecosystem has successfully raised $2 million in seed funding recently. We attracted investment from more than 10 well-known VCs and institutions worldwide, including Continue Capital, Parallel Ventures, Kernel Ventures, and YBB Foundation, among others.

๐Ÿ”— For detailed reports on our financing information, please refer to:

๐ŸŒŸ Better terms to our hitchhikers than to VCs and Institutions

Both our team and our investors attach great importance to the long-term development of our community. Therefore, our team and our investors decided to provide the early hitchhikers of the Mars community with better terms than the VCs and Institutions.

Investment Terms to VCs and Institutions: $0.045 per XMS, vesting monthly for 18 months.

Investment Terms to our hitchhikers: $0.045 per XMS, vesting linearly for 6 months.

๐Ÿ”Ž IMO info:

  • ๐Ÿ“ Where:
  • โฐ When: June 14 7:00 AM UTC โ€” June 15 7:00 AM UTC
  • ๐Ÿ™‹๐Ÿผ Who: All hitchhikers can participate

๐Ÿ”Ž IMO Details:

Mars Ecosystem IMO provides the exclusive opportunity for hitchhikers to purchase XMS.

Token: XMS

Supply for Sale: 15,772,948 tokens

Sale Period: June 14 7:00 AM UTC โ€” June 15 7:00 AM UTC

Token Price: 0.045 BUSD

Vesting Schedule: 6 months linear vesting on a block-by-block basis

Purchase Limits: $5000 max per user

Sale Method: Overflow (see below)

*Only accept BUSD

๐ŸŒŸ The IMO will last for 24 hours even if the commitment reaches our token sale allocation before 24 hours.

๐ŸŒŸ All the users who participate in these 24 hours will have an equal opportunity to buy XMS.

๐ŸŒŸAllocations are assigned to users based on their commitment.

๐Ÿ‘‰ Overflow Sale Method

The overflow sale method means that users can subscribe as much or as little as they want to the IMO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

*Here are three basic examples:

๐Ÿ”Ž How to Claim after IMO:

When the IMO is closed, you can claim your XMS purchased and your unspent BUSD (provided that the IMO is overcommitted) on the Mars Ecosystem website.

The Mars Ecosystem team would like to thank all the community members and investors for your support. Great things are on the horizon and together we will build a new decentralized stablecoin era! ๐Ÿ”ฎ

๐Ÿ“š What is XMS๏ผŸ

Mars Ecosystem uses a two token system: The stablecoin of the Mars Ecosystem is USD-Mars (USDM), and the governance token is Mars Ecosystem Token (XMS). The stablecoin USDM could serve as the reserve currency of the DeFi world, as any token aimed to be the reserve currency has to be stable. The governance token XMS captures the value generated from the creation and circulation of USDM, and has a huge appreciation upside.

Mars Ecosystem has made many innovations which include the following mechanisms:

- Mintage control mechanism. The mintage control mechanism ensures that the market value of XMS is at least 2.5 times the circulating supply of USDM. If the market demand for USDM is 100 million, then the market value of XMS is at least 250 million USD, otherwise the circulating supply of USDM cannot reach 100 million.

- Mars Treasury control rights value. XMS holders can control the Mars Treasury through protocol governance, which makes the market value of XMS at least twice the value of the assets in the Mars Treasury to prevent common 51% attacks. If the circulating supply of USDM in the market is 100 million, and correspondingly Mars Treasury has 100 million USD assets, then the market value of XMS is at least 200 million USD, otherwise, the Mars Treasury is at risk of being attacked.

  • The transaction fees generated at the Mars DeFi protocols. When users trade on Mars DeFi protocols such as Mars Swap and Mars StableSwap, they will be charged transaction fees, which are partly assigned to the liquidity provider and partly assigned to the protocol. The protocol assigns these fees to XMS stakers through repurchase and redistribution of XMS and other methods.

โš ๏ธ โš ๏ธ โš ๏ธ The XMS token has not been deployed nor distributed yet

Beware, there are scams around. DEX, projects or people currently offering the token are not affiliated with the Mars Ecosystem, and the Mars Ecosystem does not endorse such activities prior to main net release.

When in doubt, refer to our official website ๐ŸŒ where you can find links to our channels.

๐Ÿ”” More information soon

More information about the ๐Ÿš€ โ€˜Genesis Launchโ€™ ๐Ÿš€ will be posted in the near future. Make sure to follow our social media, Telegram and Discord channels. You can find links to them here below.

๐Ÿ‘พ Join our community

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