Mars Ecosystem x IM community AMA RECAP
TELEGRAM AMA: Im Community & Mars Ecosystem đ
â° AMA Timing : 19 OCTOBER 2021 l 12:00 PM UTC
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 100$ in XMS
Bà Tân | : Welcome @Trading_Uni from Mars Ecosystem.
Uni | Mars Ecosystem VN : yes. hello máťi ngĆ°áťi
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Mars Ecosystem
Bà Tân | : Today our guest is: @Trading_Uni from Mars Ecosystem
Ahrix : Welcome @Trading_Uni to the IM community
BĂ Tân | : Todayâs AMA will have 2 sessions
Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team Mars Ecosystem
Sessions 2: The conversation will open to the community questions and the 5 best questions will be selected. Held at TG group https://t.me/marsecosystem_vietnam
Bà Tân | : Requirements:
đŁIm Community (https://t.me/imcommunityitw)
đŁMars Ecosystem Viáťt Nam (https://t.me/marsecosystem_vietnam)đťđł (https://t.me/marsecosystem_vietnam)
đŁTwitter Mars Ecosystem (https://twitter.com/MarsEcosystem)
đMore information about Mars Ecosystem :
đŁWebsite (https://marsecosystem.com/)
đŁDAPP (https://app.marsecosystem.com/)
đŁMedium (https://mars-ecosystem.medium.com/)
đŁDiscord (https://discord.com/invite/CnnNuvQEXG)
BĂ Tân | : Donât forget to join the group https://t.me/marsecosystem_vietnam
Bà Tân | : Start session 1 AMA
Bà Tân | : Question1. Can you please introduce yourself and your background, also introduce the team working on Mars Ecosystem? @Trading_Uni
Uni | Mars Ecosystem VN : Hello, guys! I am Uni. Iâm 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.
I am quite familiar with the Mars team. They are amazing people. Maybe a bit crazy, but very talented, 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!
Bà Tân | : Question2. I heard that many investment institutions have already invested in Mars Ecosystem. Can you tell us, so far, which institutions have invested? @Trading_Uni
Uni | Mars Ecosystem VN : Yes! Mars Ecosystem has successfully raised $2 million in seed funding. The round attracted investment from several major blockchain funds, including Continue Capital, Parallel Ventures, Kernel Ventures, and YBB Foundation, among others. All these investment institutions, including Continue Capital, have a deep understanding in the field of decentralized stablecoins. We are so glad to have their trust and support.
Read more details here: https://bitcoinist.com/mars-ecosystem-raises-2m-to-develop-defi-stablecoin-protocol/
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BĂ Tân | : Question3. Can you introduce the main products of Mars Ecosystem and those partnersâ projects currently working with Mars Ecosystem? @Trading_Uni
Uni | Mars Ecosystem VN : Mars Ecosystem aims to overcome all the challenges of decentralized stablecoins with a system that offers high price stability, scalability, and a high degree of decentralization.
Mars Ecosystem consists of three parts: Mars Treasury, Mars Stablecoin and Mars DeFi protocols. It integrates the creation and use of stablecoin into the same system.
The goal of Mars Ecosystem is to build the central bank and reserve currency of the DeFi world. The MarsDAO and Mars Community work together to bring Financial Stability and Transparency to the world economy, and beyondâŚ
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!
Bà Tân | : Question4. There are already many stablecoin protocols in the market. Why do we need another stablecoin protocol? @Trading_Uni
Uni | Mars Ecosystem VN : Mars Ecosystem was founded with the belief that decentralized stablecoins represent the long-term future of the crypto dollar over-centralized and regulated alternatives. 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 positive externality problem, and the other is the integration problem.
Mars Ecosystem aims to overcome these challenges with a stablecoin system that offers high price stability, scalability, and a high degree of decentralization.
The mechanism design of Mars Ecosystem considers all of these goals and questions and gives a new answer. This new mechanism has the potential to become the new leader in the stablecoin market.
Bà Tân | : Question 5. Can you tell us about your Farms/Pools? @Trading_Uni
Uni | Mars Ecosystem VN : On the 1st Sep., we launched successfully Mars Farms/Pools. 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. Beside XMS holders, Cake holders & PancakeSwap LP tokens holders can also earn XMS with up to 800% APR! https://app.marsecosystem.com/farms
And in September, we also launched XMS-BNB & XMS-BTC & XMS-ETH single token pools. Users can now stake their XMS to earn BNB/BTC/ETH with a 400+% 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 400+%, and staking XMS to earn CAKE is 300+%, which means that đĽCAKE 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.
Besides, Mars Ecosystem will launch more new farms/pools in the future, donât miss the rewards! https://app.marsecosystem.com/farms
Bà Tân | : Question6. Why do we need a vesting schedule? @Trading_Uni
Uni | Mars Ecosystem VN : Mars Ecosystem understands that community support is a key factor in determining whether Mars Ecosystemâs 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.
For the success of the project, the Mars team, the institutional investors and the IMO participants we have a revolutionary sustainability model, the first of its kind!
The model:
1) The Mars teamâs XMS tokens will be released linearly for 36 months, starting from Genesis Launch (After a month or so).
2) The institutional investorsâ XMS tokens will be released linearly for 18 months, starting from Genesis Launch (After a month or so).
3) IMO participantsâ tokens are released linearly for 6 months, starting on June 15th.
In line with the same goal to onboard and retain long-term supporters of the Mars Ecosystem, the XMS rewards earned by users in Farms & Pools will be released linearly within 6 months (released every 3 days after the user Harvest). We hope that through this design, XMS tokens can be distributed to the true long-term supporters of the Mars Ecosystem in a sustainable way.
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.
But users can always unstake their funds at any moment instantly.
Also, users can claim the BNB/BTC/ETH/CAKE/KALA rewards directly and instantly without vesting!
Join now: https://app.marsecosystem.com/pools
Bà Tân | : Question7. How can Mars Ecosystem maintain the APR in such a high level? @Trading_Uni
Uni | Mars Ecosystem VN : As I said before, Mars Ecosystem understands that community support is a key factor in determining whether Mars Ecosystemâs grand vision can be realized. So we always try our best to provide our users with the best investment opportunities, and the highest returns.
We launched yield farming in September. The revenue of Mars Ecosystem comes from Interest generated by assets which have been staked on Mars platform by our users, as well as Swap transaction fees.
Our team firmly believes that users are the foundation of project development.
Therefore,we reward XMS stakers in the form of BTC, BNB, ETH, CAKE with 90% of the income coming from the XMS staking Pool, the remaining income goes to the DAO Treasury to support the development of the project and its MKT.
Bà Tân | : Question8. Innovation in DeFi often means risk, how does Mars Ecosystem deal with potential risks? @Trading_Uni
Uni | Mars Ecosystem VN : 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, DeFiâs 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/
Bà Tân | : Question9. How is the progress of the Mars Ecosystem project? Can you share the roadmap? @Trading_Uni
Uni | Mars Ecosystem VN : Yes, 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 Sep., we successfully launched Mars Farms/Pools. Users can get higher profits in a long-term period. Besides 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 BSCâs major DeFi protocols such as DEXs, lending protocols, leveraged mining protocols, etc.
In late Oct. to beginning of Nov., Mars Ecosystem will launch our Stablecoin with a đâGenesis Launchâ event. Users can mint USDM and earn XMS rewards. At the same time, we plan to release the yield aggregator module and develop our Launchpad platform.
Next, we will release more DeFi protocols through investment, incubation, and joint development to empower the Mars Ecosystem.
In Q1 of 2022, we plan to implement the function of stablecoinsâ mintage on other public chains to expand our protocol.
All the above plans will empower and add value to our governance token $XMS.
Bà Tân | : Question10. Does MARS Ecosystem have any specific plans to attract user from all over the world? @Trading_Uni
Uni | Mars Ecosystem VN : First of all, both our team and our investors attach great importance to the long-term development of our community.
To spread awareness, we will collaborate with local KOL and communities to make sure that everyone learns and knows about us.
Yes, we have localized our community to each region or language so we can easily support our community in various regions.
You can join us here:
English: https://t.me/mars_ecosystem
Chinese: https://t.me/Marsecosystem_chinese
Indonesian: https://t.me/marsecosystem_IDSA
Vietnam: https://t.me/marsecosystem_vietnam
Turkish: https://t.me/marsecosystemturkey
Russian: https://t.me/marsecosystem_cis
Spanish: https://t.me/marsecosystem_ES
In the future, everyone who owns the community governance token XMS can become a member of MarsDAO, and participate in the governance of the community with the spirit of exploration.
At the same time, we welcome users with Defi experience from all over the world to become captains and build the MARS community together. We have prepared rewards for those active users in our community, such as token airdrops and special NFTs! If youâre interested in becoming a captain, please check: https://mars-ecosystem.medium.com/mars-ecosystem-captain-program-5792e436de65
Great things are on the horizon and together we will build a New Decentralized Stablecoin Era!
BĂ Tân | : Alright, Session 1 has finished perfectly. Appreciate your detailed responses @Trading_Uni đ
Bà Tân | : End of session 1
BĂ Tân | : Weâll move on to session 2
Bà Tân | : Sessions 2: The conversation will open to the community questions and the 5 best questions will be selected. Held at TG group https://t.me/marsecosystem_vietnam
Uni | Mars Ecosystem VN : cĂĄm ĆĄn máťi ngĆ°áťi ÄĂŁ theo dĂľi cuáťc ama cᝧa chĂşng tĂ´i
Uni | Mars Ecosystem VN : https://t.me/imcommunityitw chĂşc máťi ngĆ°áťi nhiáťu sᝊc kháťe
BĂ Tân | : Phần Äạt câu háťi cho phiĂŞn 2 cᝧa AMA sáş˝ bắt Äầu sau 1 phĂşt nhĂŠ máťi ngĆ°áťi.
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
BĂ Tân | : Now letâs give our dear guest @Trading_Uni some time to go through them.
Bà Tân | : @Trading_Uni Please choose 5 good questions and answer it for session 2.
Q1. We investors think about how to win quickly. What will be your advantages for holding your token in the long run?
Uni | Mars Ecosystem VN : Starting from the launch of Farms/Pools, we will cooperate with BSCâs major DeFi protocols such as DEXs, lending protocols, leveraged mining protocols, etc.
In Nov., Mars Ecosystem will launch our Stablecoin with a đâGenesis Launchâ event. Users can mint USDM and earn XMS rewards. At the same time, we plan to release the yield aggregator module and develop our Launchpad platform.
Next, we will release more DeFi protocols through investment, incubation, and joint development to empower the Mars Ecosystem.
In Q1 of 2022, we plan to implement the function of stablecoinsâ mintage on other public chains to expand our protocol.
All the above plans will empower and add value to our governance token $XMS.
It is worth mentioning that our IMO users already achieved a return of more than 20 times.
Q2. Security is at the forefront of all old and new projects, attacks are frequent and even with the best known blockchains, how does your project prevent this from happening? Do you plan to expand your business in the region
Uni | Mars Ecosystem VN : 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, DeFiâs 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/
Q3. Where can I currently buy Token?
Uni | Mars Ecosystem VN : We highly suggest that users buy $XMS from MarsSwap, we have best liquidity there and also a very low price impact.
Besides, once you buy xms on our swap, you can start to earn in our farms and pools with 800% APR.
https://app.marsecosystem.com/swap
Q4. Partners are very important for every project today, may I know which partners you have now? and which partners in the future you will be heading to?
Uni | Mars Ecosystem VN : 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!
Q5. Do you have burning and buy back mechanism to help the value of your token. By boosting the value?
Uni | Mars Ecosystem VN : First of all, we will buy back XMS tokens via transaction fee.
In the future we will burn our tokens to reduce the total supply.
Q6. If other than BSC, which network will you use for your tokens?
Uni | Mars Ecosystem VN : We chose to launch on BSC first because BSC radiates the global market, which is very important to the development of our project.
And in the future, we will also implement the function of stablecoinsâ mintage on other public chains to expand our protocol.
Q7. Where I can get the latest updates or more information about the project?
Uni | Mars Ecosystem VN : Follow us here to get the latest news:
â¨Telegram group:https://t.me/mars_ecosystem
đŚTwitter: https://twitter.com/MarsEcosystem
đ Medium: http://mars-ecosystem.medium.com
Q8. What Is The Meaning Of The Name Of The Project ?
Uni | Mars Ecosystem VN : We hope that our community will have more exploration spirit, just as human beings yearn for Mars, we hope that we can continue to explore outside in the future.
And we hope that one day, we can serve as interstellar currency to take the journey of mankind to outer space.
Q9. Many people want to learn about your project but they have problem with English, so do you plan to spread awareness about your project in different countries where English is not good? Do you have a Marketing strategy aimed at developing many different communities such as Vietnam, Indonesia, Korea, Iran, ⌠about your project so that they can easily communicate and understand Project.
Uni | Mars Ecosystem VN : Thanks for your question. Mars Ecosystem is absolutely for global people. We have no geographical restrictions and our goal is to bring Financial Stability and Transparency to the world economy! Together we can live a better world!
đ§đźâđAnd we have Telegram Group in different languages:
English: https://t.me/mars_ecosystem
Chinese: https://t.me/Marsecosystem_chinese
Indonesian: https://t.me/marsecosystem_IDSA
Vietnam: https://t.me/marsecosystem_vietnam
Turkish: https://t.me/marsecosystemturkey
Russian: https://t.me/marsecosystem_cis
Spanish: https://t.me/marsecosystem_ES
Q10. What is the minimum to invest in your project?
Uni | Mars Ecosystem VN : No, there is no minimum or maximum XMS that must be owned to participate in our farms and pools!
Bà Tân | : IM Community, if you would like to know more about Mars Ecosystem ! here are some useful links for you:
Official Website: https://marsecosystem.com/home
Twitter: https://twitter.com/MarsEcosystem
Telegram: https://t.me/mars_ecosystem
https://t.me/marsecosystem_vietnam
Medium: https://mars-ecosystem.medium.com
Docs: https://docs.marsecosystem.com
Github: https://github.com/MarsEcosystem
Discord: https://discord.com/invite/CnnNuvQEXG
Bà Tân | : Thanks for the useful information from @Trading_Uni
Bà Tân | : End of session 2
Bà Tân | : Allright, I declare the Im Community AMA with Mars Ecosystem has ended.
Thanks to @Trading_Uni | Mars Ecosystem joined us and provided us with Mars Ecosystem information, we hope that this knowledge makes us understand more about https://marsecosystem.com/home
To the members, thank you for following this event to the end. winners will be announced soon.
Bà Tân | : Thanks @Trading_Uni for joining the AMA today. Have a good day.
Uni | Mars Ecosystem VN : thanks máťi ngĆ°áťi ÄĂŁ tham gia Äạt câu háťi
Uni | Mars Ecosystem VN : xin phĂŠp ama Äáşżn Äây lĂ háşżt
BĂ Tân | : cảm ĆĄn máťi ngĆ°áťi ÄĂŁ nhiáťt tĂŹnh tham gia AMA hĂ´m nay nhĂŠ.
