What is Mars Ecosystem Token (XMS) | What is Marsdao Finance token | What is XMS token
In this article, we’ll discuss information about the Mars Ecosystem project and XMS token
Mars Ecosystem is a new decentralized stablecoin paradigm, it integrates the creation and use of stablecoin into the same system.
Mars Ecosystem consists of three parts: Mars Treasury, Mars Stablecoin and Mars DeFi protocols, which together form a positive feedback loop.
Mars stablecoin is price-stable, capital-efficient, scalable and decentralized.
The goal of Mars Ecosystem is to build the central bank and reserve currency of the DeFi world.
Mars Ecosystem has 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
Mars Ecosystem
The fundamental problem of the current stablecoin protocols is positive externality: the costs of producing and maintaining stablecoins are incurred by the protocol and its users (minters, share holders, bond holders), but the majority of the value comes from the transaction of stablecoins in DeFi primitives and is captured by these DeFi primitives.
Mars Ecosystem solves this problem by integrating the creation and the use of stablecoin into one ecosystem. The relationship between Mars Stablecoin and Mars DeFi primitives constitute a positive feedback loop and generates flywheel effect.
Mars Stablecoin
Mars Stablecoin is price stable, capital efficient, scalable and decentralized. It is an over-backing stablecoin: the redeemability of Mars Stablecoin is backed by the Mars Ecosystem Governance Token (XMS) and the market cap of XMS is always multiple times the market cap of Mars Stablecoin.
Mars Swap
Mars Swap provides deep liquidity between Mars Stablecoin and all the other tokens, making Mars Stablecoin the ideal medium of exchange and store of value for DeFi. Meanwhile, the transaction fees generated at Mars Swap are used to back the stability of Mars Stablecoin.
Tokenomics
Name: Mars Ecosystem Token
Ticker: XMS
Contract Address: TBA
Chain: Binance Smart Chain (BEP-20)
Total Supply: 1 Billion
Token Distribution
Category: Percentage
Investors: 8%
IDO: 2%
Team: 10%
DAO Treasury (Market Making, Operations, Marketing, Partnerships, etc.): 15%
Community Incentives (Liquidity Mining, Trade Mining, Airdrops, etc.): 65%
Vesting Schedule:
Investors: Vesting monthly for 18 months, starting at Genesis Launch
Team: Vesting monthly for 36 months, starting at Genesis Launch
🔎 IMO info:
- 📍 Where: Mars Ecosystem Website
- ⏰ When: June 14 7:00 AM UTC — June 15 7:00 AM UTC
- 🙋🏼 Who: All hitchhikers can participate
🔎 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 — 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
🌟 The IMO will last for 24 hours even if the commitment reaches our token sale allocation before 24 hours.
🌟 All the users who participate in these 24 hours will have an equal opportunity to buy XMS.
🌟Allocations are assigned to users based on their commitment.
👉 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:
🔎 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! 🔮
How and Where to Buy XMS token ?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase XMS from the website: https://marsdao.finance/home.
The top exchange for trading in XMS token is currently …
Find more information XMS
☞ Website ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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