Telegram AMA Recap: Mars Ecosystem
Basic information
Time: 1 PM UTC | Oct 28th
Project name: Mars Ecosystem
Host: Reginald from BSC Army
Guest speakers: Dr. Marvin | The Ambassador of Mars Ecosystem
Main content:
Segment 1: Introduction
Segment 2: Twitter’s questions
Segment 3: Live Q&A
MAIN CONTENT
Reginald: We will start this AMA session with Mars Ecosystem in a few minutes. Hope everyone will take a moment to monitor and evaluate the investment opportunity. You must follow the following channels in order to participate in AMA:
Join Mars Ecosystem Telegram (https://t.me/mars_ecosystem)
Join BSC Army Telegram (https://t.me/bscarmychannel)
Follow Mars Ecosystem Twitter(https://twitter.com/MarsEcosystem)
Follow BSC Army Twitter(https://twitter.com/BARMY_Official)
Welcome Dr. Marvin | The Ambassador of Mars Ecosystem. How do you feel today?
Dr.Mavin: Hello, guys!!!
I am Marvin from Mars Ecosystem, glad to be here!!!🚀
Im doin well, thanks for asking. 💃🏻
Reginald:
Yes, that’s Dr. Marvin – The Ambassador of Mars Ecosystem ladies and gentlemen. By the way I’m Reginald – the AMA Host. 😁
Before we start, I will tell you the rules of today’s AMA. We will have a total of 15 questions and are divided into 3 separate segments.
🔸Segment 1: Introduction (5 question)
🔸Segment 2: Twitter questions (5 questions)
🔸Segment 3: Live Q&A (5 questions)
Please send a sticker or ‘Done ✅’ every time you finish your answer.
Have you got it? @Dr_Marvin
Dr.Mavin: Gotcha ✔️
I am ready🚀
Reginald: So, we will start now ^^
Segment 1: Introduction (5 questions)
1. Could you please introduce a little bit about yourself and your project?
Dr.Mavin: Yes, of course.
Hello, guys! I am Dr. Marvin. I’m the first aboriginal on Mars and one of the ambassadors of Mars Ecosystem. I will be your guide and friend for the journey to Mars. 🧑🏼🚀🤠
Mars Ecosystem team members are all early practitioners of the Internet and Blockchain technology, with an especially strong background in finance. We have Graduates from prestigious universities such as Stanford University. The team has many years of cross-terminal capabilities, financial background and mature Defi industry experience. The most important is that they all have firm beliefs and great visions for blockchain technology and Defi!
And here comes the brief introduction of Mars Ecosystem: Mars Ecosystem is the 🥇1st stablecoin Defi ecosystem, which has successfully raised 💰$2 million in seed funding from Continue Capital etc.
Although Mars Ecosystem TVL has surpassed $450 Million, its APR is still more than 500%.
And, Mars Ecosystem’s smart contracts are audited by the best security auditors in the world: Certik and SlowMist. And offers a Bug Bounty with DeFi’s leading bug bounty platform, Immunefi.
As one of the most potential and hottest projects on BSC, Mars Ecosystem has won the Monthly Star of BSC MVBIII Program in September, which proves that Mars ecosystem has excellent volumes of active users and total transactions. More importantly, it means BSC recognized security status, product innovation level, development activity, and community engagement.
Reginald: Wow, I have to admit that is such an impressive introduction 👏
Dr.Mavin: Thx a lot❤️
2. Could you tell me about your team members and what are their roles in your team?
Dr.Mavin: Yes, of course. And i said before, our team members are all early practitioners of the Internet and Blockchain technology, with an especially strong background in finance.
John, the CEO and funder of Mars Ecosystem, is an avid fan and researcher of DeFi, who has not only studied a PhD in Finance at Stanford University, but also has many years of experience in the financial industry. John is very familiar with the theory and practice of economics and finance. After getting in touch with blockchain and DeFi years ago, John really appreciates the opportunities they bring to the financial industry and even to the whole world from a technical perspective. In DeFi, he focuses on the field of Stablecoin, and has paid attention to and participated in many iconic Stablecoin projects since early stage.
John discovered that various stablecoin protocols face trade-offs in terms of price stability, degree of decentralization, and scalability. And there are also two fundamental problems in common: one is the positive externality problem, and the other is the integration problem. So after a lot of research and observation, John decided to bring a brand new decentralized stablecoin paradigm to the DeFi world. 🚀
Reginald: That’s amazing. I believe you and your team will go far in the future 👏
3. What is the most unique feature of Mars Ecosystem comparing to other famous competitors?
Dr.Mavin: Mars Ecosystem was founded on the belief that decentralized stablecoins represent the long-term future of overly centralized and regulated alternatives to the crypto dollar. However, various stablecoin protocols face trade-offs in terms of price stability, degree of decentralization, and scalability. And there are also two fundamental problems in common: one is the problem of positive externality and the other is the problem of integration.
Mars Ecosystem aims to overcome these challenges with a stable currency system that offers high price stability, scalability, and a high degree of decentralization. The design of the mechanism of the ecosystem of Mars considers all these objectives and questions and gives a new answer. This new mechanism has the potential to become the new leader in the stablecoin market.
To solve all these problems, Mars Ecosystem has made the following unique innovations :
🌟Treasury assets classification mechanism
🌟Mintage control mechanism
🌟Anti-“bank run” mechanism
🌟The integration of DeFi protocols and stablecoin into the same system.
Reginald: Great! Let’s move to the 4th question
4. Can you tell us about your Farms/Pools? How can Mars Ecosystem maintain the APR in such a high level?
Dr.Mavin: Good question.
Yes, we launched successfully Mars Farms/Pools in September. We designed a new economic mechanism for the farms/pools to make them more sustainable, and the APR is relatively high compared with many other well-known projects. In this way, users can get higher profits in a long-term period.
So our daily active users already reach 12k according to GA!
Beside $XMS holders, Cake holders & PancakeSwap LP tokens holders can also earn $XMS with up to 500+% APR!
https://app.marsecosystem.com/farms
With Genesis approaching, we’ll increase 4,000 #CAKEPancakesRewards in the Stake #XMS Earn CAKE pool.
The Cake reward per day of the pool will be increased to 10,000 from 6,000. 🚀🚀🚀
Follow us on twitter and stay tuned.
https://twitter.com/MarsEcosystem/status/1453706995291279363?s=20
Users can also stake their $XMS to earn BNB/BTC/ETH with a 300+% APR, without vesting, receive rewards in BTC/BNB/ETH instantly.
At present, the APR for staking #CAKE to earn XMS is 300+%, and staking XMS to earn CAKE is 300+%, which means that 🥞CAKE holders can earn XMS, and can then use the XMS rewards to earn CAKE again. It is much more profitable than staking CAKE to earn CAKE on PancakeSwap with ~55% APR.
📌Join our Pools now: https://app.marsecosystem.com/pools
Reginald: That is really detailed, and we believe that investors will be impressive by how great Mars Ecosystem is doing as well 💪
Here is the last questions of segment 1
5. We heard that the stablecoin module of Mars Ecosystem will be launched on BSC soon, can you tell us about it?
Dr.Mavin: Yes!!!
Our stablecoin module will be launched on BSC in November, and “Genesis Event” will be held at the same time. The purpose of this Genesis is to incentivise the minting of USDM and to distribute XMS to the early supporters of USDM for free.
If you are interested in our Genesis ,The specific rules are as follows：
The duration of Genesis is 30 days. A series of “Genesis Events” will be held during this rollout. The duration of each “Genesis Event” is several hours.
In order to mint USDM, the user has to commit BUSD. And to commit BUSD, the user must stake a certain amount of XMS proportionately. But the staked XMS can be claimed a period of time after the “Genesis Event” ends.
After the first Genesis Event ends, users can stake USDM to earn XMS rewards, which APR will be extremely high. 🔥
The XMS rewards earned will be released linearly within 180 days. And the number of XMS rewards will be significantly higher than after the end of Genesis.
The specific starting date of Genesis will be announced soon, so please follow us and stay tuned. https://twitter.com/MarsEcosystem
And Plz join in our TG global group:
https://t.me/joinchat/V8BPFIY_awhhMmVh
Reginald: Cool, I’m looking forward to it
We will move to the next segment now.
Segment 2: Twitter questions (5 questions)
Reginald: We have chosen 5 best questions from our audience from Twitter
6. Partnerships are so important for adoption. Could you share some of Mars Ecosystem partners? What partners do you have currently and is there any partnership that will be established in near future? @raygarayga55
Dr.Mavin: We have already reached strategic partnership with several major launchpads, such as LaunchZone, Helmet.insure, Bella Protocol and BakerySwap.
And we reached partnership with Venus, the number one decentralized money market on BSC. Also Mars Ecosystem integrates with Berrydata Oracle. Berry Data will support suitable oracle services for Mars Stablecoin token pairs in the future.
Besides, in the near future, we will cooperate more projects in DEFI and also in NFT to explore more possibilities, so stay tuned! 🧑🏼🚀👀
Reginald: That is really impressive
7. Today scams are still happening and hurting the cryptocurrency sector, so can you explain why users and the community should invest in the long-term development of the #MarsEcosystem ? @TridevPramanic1
Dr.Mavin: As we promised, ensuring the safety of user assets is our top priority.
We attach a great importance to the attack vectors that our innovations may bring, and for this we have conducted multiple tests.
First of all, our smart contracts are audited by the best security auditors in the world: Certik and SlowMist.
Certik and Slowmist Audit Reports of Mars Ecosystem are already out, you can check the below link:
https://certik-public-assets.s3.amazonaws.com/REP-MarsEcosystem-2021-08-25.pdf
Besides, Mars Ecosystem launched a bug bounty program on Immunefi, DeFi’s leading bug bounty platform. The Bug Bounty is LIVE: https://twitter.com/immunefi/status/1435561969772384256?s=20
Zap those bugs and get bug bounty hunting, & you can earn yourself $60,000! Check the details: https://immunefi.com/bounty/marsecosystem/
We did our IDO in Julio and it is worth mentioning that the lock-up helped our IMO users to hold the XMS tokens, and many users already achieved a return of more than 20 times.
Mars Ecosystem focuses on the long-term development. And Mars Ecosystem understands that community support is a key factor in determining whether Mars Ecosystem’s grand vision can be realized.
Join Mars Ecosystem Community to build together:
https://t.me/joinchat/V8BPFIY_awhhMmVh
Reginald: Let’s move to the next question from our Twitter audience.
8. Collaboration is one of the important aspects of a project to it’s huge success. So do you have plans to work with multiple projects in the near future? If so, can you tell us your future plans regarding this matter? @chunghou9303
Dr.Mavin: Yes, of course, as I said before, we have already reached strategic partnership with several major launchpads, such as LaunchZone, etc.
And we reached partnership with Venus, Berrydata Oracle, DoDoSwap, etc.
We also cooperate with many Wallet to reach as many as possible the users from all over the world.
We will have an airdrop event with BitKeep Wallet tomorrow, stay tuned: https://twitter.com/BitKeepOS/status/1453571674226388995?s=20
Reginald: Wow, we could see it. 😁 And you are doing really great at this side 🔥
9. Nowadays, Staking and farming protocol take place in most of the finanacial platforms. Will Mars Ecosystem involve with staking in order to attract more customers, investors towards to the platform? If yes, What will be the APR or APY in your platform? @Linh0412Linh
Dr.Mavin: haha, yes, of course.
We launched successfully Mars Farms/Pools in September. We designed a new economic mechanism for the farms/pools to make them more sustainable, and the APR is relatively high compared with many other well-known projects. In this way, users can get higher profits in a long-term period.
So our daily active users already reach 12k according to GA!
Beside $XMS holders, Cake holders & PancakeSwap LP tokens holders can also earn $XMS with up to 500+% APR!
https://app.marsecosystem.com/farms
Users can also stake their $XMS to earn BNB/BTC/ETH with a 300+% APR, without vesting, receive rewards in BTC/BNB/ETH instantly.
Join our Pools now: https://app.marsecosystem.com/pools
At present, the APR for staking #CAKE to earn XMS is 300+%, and staking XMS to earn CAKE is 300+%, which means that 🥞CAKE holders can earn XMS, and can then use the XMS rewards to earn CAKE again. It is much more profitable than staking CAKE to earn CAKE on PancakeSwap with ~55% APR
https://twitter.com/MarsEcosystem/status/1453706995291279363?s=20
Reginald: Here is the last question of segment 2
10. Currently, most projects and platforms are in English. How will you reach non-English local communities? Do you have any plan for them to better understand your project? @Kabir01390287
Dr.Mavin: First of all, we chose to launch on BSC first because BSC radiates the global market, which is very important to the development of our project.
You can join us on many channels！
🌎 Website: https://marsecosystem.com
🐦 Twitter：https://twitter.com/MarsEcosystem
🎬Youtube: http://youtube.com/channel/UCUY30mQ_HRXDK80EoO5q_5Q/featured
🤖 Discord: https://discord.gg/gEWC4VVnNt
📙 Medium: https://mars-ecosystem.medium.com/
🌎Global English Telegram: https://t.me/joinchat/V8BPFIY_awhhMmVh
🌟Chinese Telegram: https://t.me/Marsecosystem_chinese
🌟Indonesian Telegram: https://t.me/marsecosystem_IDSA
🌟Vietnamese 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
Please join these groups and remember: Only trust information from these sources!
Reginald: Yes, i feel very excited
Segment 3: Live Q&A (5 questions)
11. Could you tell me a little bit about Your roadmap going forward, How do you plan onboarding users and gaining more adoption for Your project? @Augmenreal
Dr.Mavin: The goal of Mars Ecosystem is to build the central bank and reserve currency of the DeFi world.
Mars Ecosystem Roadmap:
🌟On 14th-15th June, we successfully finished IMO and IDO on Mars Ecosystem & BakerySwap & Helmet. insure to distribute our token to early supporters. Now users can trade on MarsSwap and XMS holders can stake their XMS at our Pools to earn BTC/ETH/BNB/CAKE: https://app.marsecosystem.com
🌟On the 1st of Sep., we launched successfully Mars Farms/Pools. Users can get higher profits in a long-term period. Beside XMS holders, Cake holders & PancakeSwap LP tokens holders can also earn XMS with high APR! And we will keep adding more pools/farms, so please stay tuned! https://app.marsecosystem.com/farms
🌟Starting from the launch of Farms/Pools, we will cooperate with BSC’s major DeFi protocol such as DEX, lending protocols, leveraged mining protocols, etc.
🌟In November, the stablecoin module of Mars Ecosystem will be launched on BSC, and a “Genesis” will be held at the same time.Users can mint USDM using BUSD and earn XMS rewards. Details: https://docs.marsecosystem.com/whitepaper/genesis
🌟Next, we will release more DeFi protocols through investment, incubation, and joint development to jointly empower Mars Ecosystem. In Q4 of 2021, we plan to release the yield aggregator module and develop our Launchpad platform at the same time.
🌟In Q1 of 2022, we plan to implement the function of stablecoins’ mintage on other public chains to expand our protocol.
🔥All the above plans will empower and add value to our governance token $XMS
12. Where can I currently buy Token? @Conrad_stoddard
Dr.Mavin: Trade XMS at MarsSwap:
https://app.marsecosystem.com/swap
Earn with 500+% APR at our Farms&Pools:
https://app.marsecosystem.com/pools
13. Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us? @laclongqua2
Dr.Mavin: Yes, you can check tutorial videos on our Youtube Channel:
http://youtube.com/channel/UCUY30mQ_HRXDK80EoO5q_5Q/featured
14. How important is the community to you? and how can we collaborate or help you for the development of the project? @Sadiyanur88
Dr.Mavin: Mars Ecosystem understands that community support is a key factor in determining whether Mars Ecosystem’s grand vision can be realized.
According to this concept, we provided the early hitchhikers of the Mars community with better terms than the VCs and Institutions in our IMO in June (and the participants are already enjoying the profits!). Also according to this concept, 65% of the total supply of XMS will be distributed to the community in the form of community incentives.
15. How to participate IDO? Is the whitelist still open? And what will be the first exchange where your token will be listed? @Lengtababa52
Dr.Mavin: We did IDO in June, you can participate in our Genesis in November!!
The StableCoin module of MarsEcosystem will be launched on BSC in November, and a “Genesis” will be held at the same time.
$XMS holders will be the FIRST ones to get the $USDM!
And then you can Stake $USDM to earn $XMS rewards with an amazing APR!
Get $XMS now: https://app.marsecosystem.com/swap
Reginald: Congratulations on successfully completing the hardest part of each AMA session, which is interacting with investors and the questions they want to know. 👏
This is the end of our AMA today. 😊 Stay tuned for more information you guys!
Thank you for joining us, it is our pleasure to have you here today, @Dr_marvin
Do you have anything to tell to BSC Army community?
Dr.Mavin: https://t.me/joinchat/V8BPFIY_awhhMmVh
Join us and lets go to the Mars together in November. 🚀
Thanks for hosting @ReginaldBarmy
Thanks for all your time. ❤️🚀❤️
Reginald: Thank you again for being here today ❤️ 👏👏
CONCLUSION
Up to now, Mars Ecosystem has had outstanding growth with an ever-expanding ecosystem, promising to thrive in the near future.
Disclaimers: Writers’ opinions are solely their own, and do not constitute any financial advice, investment advice, or trading advice.
BSC Army strongly recommends that you do your own research, and seek professional advice from a financial advisor where appropriate.
