We are pleased to announce our next AMA on November 15th 2021 at 01:00 PM UTC Time: Satoshi Club x Mars Ecosystem
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Mars Ecosystem Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Mars Ecosystem Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Mars Ecosystem
For more details:
Mars Ecosystem Website – marsecosystem.com
Mars Ecosystem Telegram – @mars_ecosystem
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Mars Ecosystem – It caught my attention the fact there is Hitchhiker, Captain, Ranger, and Dr. Marvin are the different categories present in the Mars Ecosystem. Now could you please explain to us the processes involve in each of these levels in Mars Ecosystem? How does captain Earn engagement based rewards and how does a contractor attain or receive captain status? What manner of technical content and how exactly would it be contributed to the Mars Ecosystem to become a Range
There’s a group in Mass ecosystem that is called CAPTAIN.and they can earn engagement-based rewards through building communities that support the MARS ecosystem. My question is, what are other responsibilities of Captain? Who can become a Captain in your platform? What are the requirements to request for being a Captain? How does Captain support your ecosystem?
In your media you announce that Mars Ecosystem and Alpaca Finance will conduct in-depth cooperation at both product and community levels. AlpacaFinance is the 1st leveraged yield farming protocol on BSC. So my question is, what are the duration of This mars Ecosystem and Alpaca?
In your post you said that Mars Ecosystem firmly believes that users are the foundation of development, So we currently reward XMS stakers in the form of BTC, BNB, ETH, CAKE with 90% of the income via the XMS staking Pool, so how much are the reward for XMS stakers in the form BTC?
“The goal of Mars Ecosystem is to build the central bank and reserve currency of the DeFi world”. To achieve this goal, Mars Ecosystem has the following innovations; “Treasury assets classification mechanism”, “Mintage control mechanism”, “Anti-bank run mechanism” and “The integration of DeFi protocols and stablecoin into the same system”. Can you explain the features and functions of these innovations in the Mars Ecosystem platform? How do these innovations help Mars Ecosystem to achieve its goal?
The USD stablecoin of the Mars Ecosystem is USD-Mars ($USDM). “USDM is generated and destroyed through the minting and redemption mechanisms implemented. Users deposit their assets into Mars Treasury when minting USDM, they deposit USDM to recieve assets from the Mars Treasury”.
-Can you mention the whitelisted assets accepted by the Mars Treasury which users can deposit when minting $USDM? Is there a maximum acceptable proportion of the assets in the treasury?
-Can you mention some use cases of the Treasury assets?
-Can you list some other use cases of $USDM?
-The Mars DeFi protocols include the DeFi platforms such as Mars Swap and Mars StableSwap. Can you mention the distinctive features of these DeFi platforms? What are the differences between Mars Swap and Mars StableSwap? What are the transaction fees on these platforms and how are the fees distributed?
-“Mars Ecosystem will select a certain number of users from those who have contributed to the community and airdrop the Boarding Pass NFT and the Captain NFT”. How do you determine the contribution of users to the community? What are the use cases of the Boarding Pass NFT and the Captain NFT?
MARS ECOSYSTEM is the 1st stablecoin Defi ecosystem, which aims to overcome all the challenges of decentralized stablecoins with a stablecoin system offering high price stability, and a high degree of decentralization.can you elaborate on the Decentralized stablecoins protocols you have put in place to ensure the stability of price of coins? What are the features of these Decentralized stablecoin protocols that makes it unique from already existing protcols? What are the advantages that comes with these protcols and Lastly What are the challenges and disadvantages of these Decentralized stablecoin protocols?
I understand that The unique aspect of the Mars Ecosystem is the implementation of a treasury assets classification mechanism and you also mentioned that Whitelisted Assets “accepted” by Mars are divided into 5 levels. What are the requirements a whitelisted Asset must fufil to be accepted by MARS? can you Explain the 5 levels of these whitelisted treasury assets? What are the features of each level of the 5 levels of whitelisted Treasury Assets? And lastly what are the utilities of
these whitelisted treasury assets?
Greetings Mars Ecosystem I would like to know to begin this question what is the MVB Program? where it says that Mars Ecosystem is one of the strongest participants in the MVB Program, can you give us more information about it? I would also like to know what you have planned for the year 2022, Mars Ecosystem to do one of the most popular projects in BSC? What goal do you plan to meet for that year and how do you see yourself at the end of 2022? Thanks
Knowing that Mars Ecosystem would launch its own farms and pools in September, would you like to know what the result of that farm / pool launch has been? How many millions did his TVL reach and how long was it distributed to XMS participants? how much was the number of millions that were distributed to the participants and in what cryptocurrencies? what was the cumulative amount of the rewards distribution and how much did you manage to maintain the percentage of your APR? You can give us more details on these points.
Greetings Mars Ecosystem, my question is: how is Mars Swap supported for USDM stability, what function does Mars Ecosystem use and which of its assets does it use to provide liquidity to USDM on Mars Swap? Can you explain us about this function? I would also like to know if inactive assets generate some type of profit from the external Defi protocols or only generate profit from the Mars Ecosystem Defi protocols? to finalize assets can it be used to fund the development of Dapps protocols to promote the adoption and use of USDM? You can give us more information on these points of the question. Thank you
Mars ecosystem claims that its unique aspect is the implementation of a treasury assets classification mechanism.
When minting USDM, users need to place $1 worth of any Mars Treasury whitelist assets into the Mars Treasury. The whitelisted assets accepted by the Mars Treasury are divided into 5 levels. The volatility of assets from level 1 to level 5 gradually increases. Please explain if these 5 levels are mixed and if there’s a possibility for one coin (let say BNB) move from level 3 to level 2. Does the price and capitalization determine coin posistion on each level? Thank you!
Marc Ecosystem states that USDM price is stable not only in normal market conditions but also in extreme ones. The anti-bank run mechanism guaranteed by the asymmetry of minting and redeeming assets. As we are all approaching the end of bull run we can consider it a start of extreme conditions and a call for USDM price protection mechanisms. Can you assure that USDM price will remain stable during the next year? Can you provide some examples when USDM price kept it’s positions despite market changes?
You operate a Mars Treasury which is crucial aspect of Mars ecosystem. This treasury is funded by a user before they can mint USDM. I saw that you have whitelisted 5 levels of asset that are acceptable as deposit from users into the Mars treasury. How do you determine the maximum acceptable proportion of the various assets of the Mars Treasury and are the current assets combination from Level 1 to level 5 fixed or can the combination changes? What is the process of minting and redemption of asset and why do you only allow users to redeem deposited asset in $XMS and not in the initial token deposited?
One of the reasons you gave to support the need for MARS TREASURY is that it will be used in External DeFi Governance. Why is it necessary that Mars ecosystem as a project will participate and vote in another project proposals and decision making process? Which external DeFi project do you intend to participate in their governance? How will you gather opinions of Mars ecosystem users in order to ensure that whatever decision you vote on external protocols are the real representation of the collective minds of Mars ecosystem users?
I read as you said that the market capitalisation of XMS will always remain 2X the value of the assets held within the Mars Vault. Can you explain why this approach is necessary and vital for the health of Mars ecosystem governance token, $XMS, and how you arrive at the 2 times ratio? What modalities will you use to ensure that the market cap of XMS will always be twice your vault value or is XMS cap fixed by design? Are you going to increase the market price or circulating supply of XMS whenever it falls short of this target? Will you maintain these ratio by altering the asset composition in your vault when there is a variation between your target market cap and real market situation?
On November 4th you announced that you will be conducting an in-depth cooperation of product and community levels with ALPACA which will last up until December.So can you tell us more about this event and the procedures that follows?In the event,a Grazing Range Pool was also set up,so can you tell us the allocated amount of $XMS in each pools and the amount users needs to stake to be eligible for rewards?User will also earn exclusive NFTs if they meet up the staking criteria,so what are the staking criterias one needs to follow to earn your NFTs?After receiving such NFTs as reward,can they be traded in a marketplace?Please Kindly elaborate more Thanks
The STABLECOIN module of Mars Ecosystem will be launched on BSC soon same as a Genesis.According to your roadmap both will take place the month of November 2021,we are already in the month of November,so can you tell us the exact date of when your Stablecoin Module and Genesis will be launched or is it already launched?The purpose of Genesis is to incentives the minting of USDM and to distribute XMS to early supporters of USDM.So can you tell us how users can actually mint USDM and will the distribution of XMS to USDM early supporters free or it comes with a charges fee?You also there is a cap on the maximum amount of USDM that can be minted in the Genesis event.So can we also know the amount of USDM that will be minted that very day?Kindly share with us the criteria on how we can participate in the event. Thanks
In your platform you promote the concept of becoming a DeFi Hitchhiker so I think this is the basis for the whole purpose of MARS as an ecosystem, could you tell us what it means for you to become a Hitchhiker and if there are different types of plans or memberships than users can they choose? Do you classify users? What options really exist when you want to invest?
In Q4 2021 You mentioned that you will release more DeFi protocols through investment, incubation, and joint development to jointly empower Mars Ecosystem.Can you please elaborate more on that and the plans you have made so far to achieve them?And you plan to release the yield aggregator module and develop your Launchpad platform at the same time.The yield aggregator space is fraught with multiple cases of hacks on some platforms,resulting in the loss of millions of dollars of users funds.So can you tell us how your yield aggregator is designed and how will you increase users confidence that their funds are safe without manual work?Can you briefly tell us a little about your soon to be released Launchpad?When will all these products be released the year is almost rounding up and what stage are you currently? Thanks
Unlike other platforms, the Mars Stablecoin is price stable but it is still fully scalable, could you say what differences exist between the USDM and the Mars Ecosystem Governance Token XMS? How do these two tokens balance each other?
You plan to create Mars Swap and Mars StableSwap as DeFi platforms that will ensure that USDM can function as a medium or exchange and store of value. Can you explain the features of Mars Swap and Mars StableSwap? Are these swaps only meant to facilitate the transaction between your stablecoin and $XMS or will it support the exchange or trading of multiple tokens? I also read that the transaction fees on this swap goes to token holders and LP providers. How much is charged as fees on your swap and in what ratio is this fees shared between holders and LP? How will XMS holders claim the portion of fees meant for them?
You mentioned in your whitepaper introduction that Mars Ecosystem is going to ensure high price stability of the stable coin USDM. However, in your attempt to explain the stability of USDM, you hinted it could be greater than $1 or less than $1. Does this not shows volatility? You also mentioned that The maximum circulating supply of USDM is determined & controlled by the market cap of XMS. How does the market cap of XMS affects the price stability of USDM?
The transaction fee of 0.3% on Mars Swap is distributed with 0.25% going to LPs and 0.05% going to XMS holders. What are your plans for removing excess USDM and XMS from circulation? You also mentioned that XMS holders must use transaction fee to obtain more XMS. Do you have any specific reason why you are using this method?
An interesting and encouraging aspect of the Mars ecosystem project is it’s bug bounty program that is focused on their smart contracts and app and is focused on preventing the following impacts, theft and freezing of principal of any amount,theft and freezing of unclaimed field of any amount,theft of governance funds, governance activity disruption etc.my simple question is what instances and condition will your smart contract prevent this impacts? How best will this be implemented?
I understand that two different group of people will be selected for the Mars genesis when it is launched ,one group is called the “Space Rider”this group will assist the survival mission of mankind and create a mars community and establish and continue improvement and development of the financial system and the other group called the “Spacecraft one” will partake of the initial MarsDAO community. They will be selected on the condition that they have contributed to the community and airdrop the “boarding pass NFT” and the “captain NFT”. Please kindly explain about this two NFTs,what are they?, what is the highlight and differences between this two NFTs? How can users contribute to the community and airdrop boarding and captain NFTS, please explain to a newbie, thank you
Mars ecosystem offers several community engagement incentives, including the Bug Bounty, where users can earn rewards by identifying weaknesses in the Mars contract. What are the steps to follow for a user who wants to submit a bug report? How is the reward that the user receives for his report determined? What are you based on to decide this reward? What are the requirements that user reports must meet to qualify for rewards? What types of reports are not considered to receive rewards?
How flexible is Mars to admit other cryptocurrencies to their exchange, is limited the amount of stablecoin of $ USDM that can be minted, what factors can influence the supply of $ USDM and how they plan to ensure that the $ USDM remains stable from constant way?
Do you consider that the ecosystem of Mars can rise and fall in the future of DeFi and cryptocurrencies as a whole, what properties Mars has to create a decentralized stablecoin paradigm, what services are all that Mars has for users to bet on and win?
How can we verify the real stability of your coins, what factors can influence and determine the real value of Mars coins, what are the most relevant use cases of Mars Ecosystem Token (XMS), what benefits XMS holders receive, talk to us a bit about the Genesis Event and your expectations regarding its development?
You mentioned that XMS holders can determine protocol upgrades within the Mars Treasury through protocol governance votes. How many XMS tokens allow us to start having voting power within the ecosystem? In order to vote for the first time, how many XMS tokens must we have? In decentralized projects where a DAO is implemented, one of the concerns is the occurrence of a 51% attack. What are the measures you take to prevent this from happening? How do you reduce the risk of the protocol being attacked?
The fundamental problem within most of today’s stable currency protocols is the positive externality. How does Mars Ecosystem solve this problem by integrating stablecoin creation and use into a stable but decentralized ecosystem? How do they manage to foster a positive feedback phenomenon and in turn generate a flywheel effect? Thank you!
The fundamental problem within most of today’s stable currency protocols is the positive externality. How does Mars Ecosystem solve this problem by integrating stablecoin creation and use into a stable but decentralized ecosystem? How do they manage to foster a positive feedback phenomenon and in turn generate a flywheel effect? Thank you!
I read that Mars Stablecoin (USDM) has a stable price and that it is a stable coin with excessive backing: the redeemability of USDM is backed by the Mars Ecosystem Governance Token (XMS). My question is, The market cap of XMS is always several times the market cap of Mars Stablecoin? How do they manage to ensure that the stablecoin can be redeemed 1: 1 at any time? Thank you!
I read that Mars Stablecoin (USDM) has a stable price and that it is a stable coin with excessive backing: the redeemability of USDM is backed by the Mars Ecosystem Governance Token (XMS). My question is, The market cap of XMS is always several times the market cap of Mars Stablecoin? How do they manage to ensure that the stablecoin can be redeemed 1: 1 at any time? Thank you!
Hello Mars team. You shared with us that you hope to deliver as the first decentralized stable currency that can be used when humans finally arrive and explore Mars in the foreseable future. That is a really ambitious goal. Would you like to be part of the first explorations to Mars? Have you considered doing a contest where you give away tickets for the explorations to Mars among XMS token holders in the future? According to your perspective, do you think that the XMS token could play a key role within the economy of the planet Mars? Thank you!
I read that the transaction fee on Mars Swap is 0.3%, where 0.25% goes directly to LP and 0.05% goes to XMS holders who stake XMS at Mars Swap. You mention that the design that XMS stakers can obtain Mars Swap transaction fees is one of Mars Ecosystem’s solutions to the positive externality problem. How effective is this method in solving that problem? If only this single method were used by the protocol, what would be the percentage of the problem solved? and How does it really work? You comment that it is one of the solutions that you offer, what are the other solutions to the positive externality problem?
I have read that the Mars Ecosystem consists of three parts: The Mars Treasury, Mars Stablecoin and Mars DeFi protocols, which together form a positive feedback loop; so, could you briefly describe each of the parts, tell us their importance and finally, mention the unique innovations that the Mars Ecosystem has?
I read that the stablecoin in USD of the Mars Ecosystem is USDM and that the governance token is XMS, so, could you tell us, how these tokens are generated and destroyed, what utilities they have inside Mars Ecosystem, how both tokens are related and how it is achieved, that investors need to acquire them?
Throughout this year 2021, we have seen many projects being affected by malicious attacks from users, groups and organizations, where many of these projects could not recover, so, how Mars Ecosystem is protected against malicious attacks, tell us what technologies do you use to protect your users and avoid millionaire losses and at the same time protect your image?
One of the Mars Ecosystem protocols is Mars Treasury, I would like you to please tell us what functions does this protocol have, what do users receive when using it and what use cases would Mars Treasury assets have?
NFTs are part of the future and I understand that in this year 2021, Mars Ecosystem officially launched the Mars Genesis project, where selected users who have contributed to the community had the opportunity to receive an NFT Boarding Card and the NFT Captain, so, could you expand for those present this information, tell us what opportunities were offered through this launch, tell us also, how the Mars Ecosystem will continue to include the NFTs and how they will be presented to users, for example, will they be presented through collections or some kind of classification?
I see that MARS ecosystem is a project willing to contribute to the growth of other projects that are willing to favor with the adoption of Mars Stablecoin, could you tell us what categories of crypto projects is Mars technology compatible with? Is it possible that Gaming projects can use USDM to move their economy? Could you give us examples of these collaborations?
According to the information on your website, the incurred transaction fees generated at Mars Swap are used to back the stability of Mars Stablecoin, so could you tell uf how does this model work? What is the percentage of commission collection for conducting in and out transactions? And could you tell us if these fees somehow return to users in the form of passive income?
One of the benefits of Mars Treasury, is Performance accrual where inactive assets of the Mars Treasury yield earnings from the DeFi protocols of the Mars ecosystem or other external DeFi protocols, could you give a practical example of this benefit?
In Mars Treasury there is the external DeFi Governance where the Mars Ecosystem uses governance tokens of external DeFi protocols in the Mars Treasury to participate in its governance and vote on proposals that are beneficial for the Mars ecosystem, could you tell us what these tokens are and how does this type of voting work between the proposals?
Understanding that when the use of Mars Stablecoin is increased, the entire ecosystem will become stronger and create a great environment for all users of the Mars ecosystem. Could you comment on what measures are being taken to achieve this key objective?
Understanding that users can get bigger profits in the long term and that Mars Ecosystem will continue to add more pools / farms, could you give your roadmap to be on the lookout?
you comment that the Mars ecosystem always thinks about the satisfaction and well-being of its users. What protocol will you use to guarantee a stable currency that can give users the confidence or evidence that their investment will keep growing?
How many XMS tokens do you need to be able to have voting power within the ecosystem?
What are the rewards for XMS investors?
As a way to promote healthy community engagement and create awareness for the MarsGenesis program, you are currently running a Meme Contest which coincidentally ends today 15th November 2021. Can you briefly provide details of this contest; the requirements, number of eligible winners and the type of rewards to be given out? Also, is there a chance for new participants considering the time limit? Finally, with emphasis on community relations, engagement and support, how will Mars Ecosystem ensure that its current and future programs, events and products are community centered and rewarding?
With emphasis on partnerships and collaborations, Mars Ecosystem recently announced its alliance with Alpaca Finance to build “in-depth cooperation at both product and community levels”. Can you extensively explain the details of this unique partnership, how is this crucial to members of both communities and how does it help to promote your farms and available pools? Since this partnership is principally tied to the Alpaca Finance’s Grazing Range Pool and staking and corresponding rewards would be based on a tiered level system, can you enlighten us on expected rewards and the corresponding vesting schedules for available tiers?
You hope to conduct in depth cooperation with CELESTIAL platform soon. As I know, Mars Ecosystem is a Stablecoin DeFi platform & CELESTIAL is gamefi, SocialFi platform. So How will you both achieve your goals through this upcoming collaboration? Can you tell more details about the upcoming partnership with CELESTIAL platform? What kind of part will you be looking from the CELESTIAL platform & In which way will you contribute for the CELESTIAL platform in return? If you have more upcoming partnerships, share with us?
Mars Ecosystem have introduced the $USDM stable coin in to DeFi space, But there are lot of Stable coins with huge marketcap such as USDT- $73 Billion & BUSD- $12 Billion MarketCap in crypto market currently. Will USDM stable coin be able to reach that limit? How can Investors trust on the USDM coin? What are the utilities that USDM consist with rather than USDT & BUSD? Can you convince me Why I should use USDM stable coin instead of USDT? Because I use USDT & BUSD stablecoins currently.
Talking about Mars Swap, It is a Uniswap type AMM Dex. When users swap The transaction fee on Mars Swap is 0.3% which is pre decided to go about 0.25% to LP & 0.05% for $XMS holders where stake $XMS tokens in Mars Swap. Why the transaction fee is too low? The $XMS holders will not receive a considerable reward due to this low transaction fee. How will you manage this situation? Lot of LPs will come over to provide Liquidity if the transaction fee is higher so that they can gain a satisfied amount of $XMS. Will you increase the transaction fee in future?
mars really have unique mechanism but I’m curious about “anti bank run”, would you explain it? let me know, thank you
you have a big dream to create stablecoin ecosystem and central bank, what is your strategy and mechanism to keep the token be a stablecoin because every project we will have a panic seller inside??, let me know thank you
I found out that the goal of Mars Ecosystem is to build the central bank and reserve currency of the DeFi world. So,could you explain more about this goal of Mars Ecosystem? Literally,how would you plan to build a central bank in Defi world and how would you introduce and implement this central bank in the market? What kind of reserve currency you are aiming to bring in the Defi world and what will be its essential use? Do you have any timeline for achieving your goal to build the central bank and reserve currency of the DeFi world? Thank you
in mintage control mechanism you said XMS at least 2.5 times the circulating supply of USDM, why? let me know sir, thank you
I just learned two of the unique innovation of Mars Ecosystem are
the Mintage control mechanism and
Anti-“bank run” mechanism. So,could you enlighten us more about this two mechanism? How does the Mintage control mechanism being implemented and deployed in your platform?Also,how does the Anti-“bank run” mechanism being applied in Mars Ecosystem? What are the advantages and benefits of this two features will bring to your platform and how it gives an easy and better trading experience to your users and investors? Thank you
As a community engagement incentive, a Bug bounty program have been conducted by the Mars Ecosystem team. How about the progress of that? Was it finished? Can you find some bugs on your smart contract with the help of Bug bounty campaign? What ate the offers & rewards for the winners in Bug bounty campaign? Will there be a round 02 of Bug bounty campaign in future?
In relevant to Mars NFTs, you have select specific users from those who have contributed to the community and airdrop the Boarding Pass NFT and the Captain NFT – official evidence of being on your first rocket. So will those users can only make the ownership of Mars NFTs? Will a nomal user be unable to purchase NFTs? What kind of NFTs do those special members ( ambassadors) own right now? By the way, You have stated that more NFTs based on different levels will be empowered in future. Please Give us a snapshot on Mars NFTs in future?
Recently I was scammed by a project & they promised a Higher APR like 210,000% for staking the USDT. You also have promised to give a APR about 42,000% in $XMS staking & Farming. In reality, Is it possible sir? Could you teach me how the Staking contract work? If this APR real, I will invest definitely. So please prove that You are real one.
Thank you sir!!!
Mars ecosystem also aims to have an NFT marketplace where users can buy, sell and create their own NFT, can you tell us more about this artistic side of Mars ecosystem ? What will users have to do to create and sell their own art on Mars ecosystem? I also saw that you will offer artists the possibility to transform their physical art into NFT? How can you see in the future being a platform that uses NFT not only for blockchain?
Mars ecosystem aims to provide a gaming platform with a wide range of games for players to play, what types of games are available for players to play and make profits, can you list them? You also said that players will make profits through the play to win system with minimal or no transaction fees, if transaction fees will be charged, can you tell us the percentage that will be charged per transaction?