Satoshi Club

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from ByBit and our guest was . The AMA took place on the 9th of December.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with ByBit! Welcome to Satoshi Club.

D. | Satoshi Club:
Today our guest – @Stephanie_Guo !

D. | Satoshi Club:
Welcome to Satoshi club! happy to have you here!

Mary | Satoshi Club:
@Stephanie_Guo we are happy to see you here today

Stephanie Guo:
Hello guys!

Stephanie Guo:
Nice to meet you!

Mary | Satoshi Club:
Hello, Stephanie !

Mary | Satoshi Club:
How are you today?

Stephanie Guo:
Hhh another busy day!

Mary | Satoshi Club:
Oh, i understand you

Mary | Satoshi Club:
So, let’s start our party

Stephanie Guo:
Great lets start!

Mary | Satoshi Club:
Bybit already visited Satoshi Club before, but a lot of new members joined Satoshi Club since that day, so… Let’s start with intro.

Mary | Satoshi Club:
Could you please introduce yourself and tell us about ByBit.

Stephanie Guo:
Hhhh okok

Stephanie Guo:
Glad to be the guest of Satoshi Club’s AMA, this is Stephanie from Bybit, marketing director of spot team.

Stephanie Guo:
I think most of users have been already famiiar with Bybit, this is a global cryptocurrency exchange ranking Top 5 in derivatives products, serving over 3 million users with over 10 Billion US dollars trading volume every 24 hours. It has users from all over the world including Europe, Russia, Japan, and Southeast Asia. Recently it opened the spot trading products.

Stephanie Guo:
So in the past, Bybit has been characterized as a leading platform for the perpetual contract

Stephanie Guo:
But since July, we have been explore our business in spot

Stephanie Guo:
Also options, defi, NFT in the future.

Stephanie Guo:
As we want to become a leading exchange not only for futures, but all-round product and services

Stephanie Guo:
Done

D. | Satoshi Club:
Cool! we will ask you about NFTs today, but bit later.

Stephanie Guo:
Hhh ok

Mary | Satoshi Club:
Wow, spot is also important when we are talking about CEXs

Mary | Satoshi Club:
Btw, i want to ask you, how’s volume on ByBit now? Is it growing? Because as i see we have mini bear market currently

Stephanie Guo:
Hhh of course, you see our daily trading volume for futures reaches billions

Stephanie Guo:
While trading volume for spot reaches 500 million at present

Mary | Satoshi Club:
Wow, awesome! Great job guys

Stephanie Guo:
Since we launch the spot business in July, and the volume keeps growing

Mary | Satoshi Club:
Nice for the beginning, i am sure it will grow day by day!

Stephanie Guo:
Hhh thx we have a large user base over 3m

Mary | Satoshi Club:
Ohhh, incredible numbers!

D. | Satoshi Club:
This is also impressive, but it’s not the limit for you.

Stephanie Guo:
Yeah it is true a huge user base and also our engagement rate is quite high as well

Stephanie Guo:
Hhh thx and we believe as well.

Mary | Satoshi Club:
Stephanie, thank you for your intro! We choose 6 questions from our community for the first part of our AMA . Are you ready to start with them?

Stephanie Guo:
Sure pls

D. | Satoshi Club:
Q1 from Telegram user @meml97
A few months ago on Augusth 30th, Bybit was here on Satoshi Club for the first time, during that AMA session Bybit’s team told us about their newest product at the time Spot Exchange, about a trading competition that was going on and about more interesting things about the platform. With that in mind, can you tell us more about what improvements has Bybit done to the platform, Spot Exchange and it’s other services during this period of time? How did that Trading Competition went? Do you still have no plans of having Bybit’s own token? Has Bybit made any kind of changes to it’s products during this months where the market has been very unpredictable? What upgrades and milestones have you accomplished since August 30th and what accomplishment during this months are you most proud of achieving?

Stephanie Guo:
Quite long question

D. | Satoshi Club:
We have a several more like this today

Stephanie Guo:
Well I remember last time we only have 32-40 spot trading pairs, but now we have over 100 popular token in market place

Stephanie Guo:
Second, our biggest progress is our Launchpad and Launchpool.

Stephanie Guo:
Last BIT is our first project, till now we have listed over 10 projects

Stephanie Guo:
Over 500k participants in total

Stephanie Guo:
And attract lots of new users as well

Stephanie Guo:
Also we have held 4 treasure hunt events, attracting more than 200k users to participate

Stephanie Guo:
I think for such a new product like spot in Bybit, this number is quite satisfying

Mary | Satoshi Club:
It was excellent idea to launch spot trading

Stephanie Guo:
Lol yes

D. | Satoshi Club:
Lots of work was made

Mary | Satoshi Club:
Do you plan list new trading pairs soon? And btw, do you list only projects which applied for listing or also new popular projects?

Stephanie Guo:
Oh of course

Stephanie Guo:
Actually we now list new tokens almost everyday

Stephanie Guo:
All very high quality with potential

Stephanie Guo:
And not only for those who applied for listing, also the popular projects as well

Stephanie Guo:
As we have a professional research team that would evaluate each project to determine whether can be listed or not

Stephanie Guo:
To guarantee the quality of each asset on Bybit

Mary | Satoshi Club:
Thank you for your answers, Stephanie! Ready to go to the next question?

Stephanie Guo:
sure!

D. | Satoshi Club:
Q2 from Telegram user @Anne_Tim
Among the reasons why people should trade with Bybit you call your smart, intuitive crypto trading platform. As I’m considering adding Bybit to my portfolio, please explain how user friendly is the platform for those who make first steps in crypto trading as well as for experienced traders. How easy is to withdraw or deposit funds from/to any country and any crypto wallet? Are therу any countries where trading with Bybit is restricted? Thanks!

Stephanie Guo:
Well bybit indeed a user friendly platform for traders

Stephanie Guo:
First the trading experience is very good on our UI design

Stephanie Guo:
Seconde we also have a bybit.learn platform to guide newbies to quickly get the whole picture on crypto trading

Stephanie Guo:
We think user education is every important

Mary | Satoshi Club:
It has free access?

Stephanie Guo:
The website includes both the analysis on popular assets

Stephanie Guo:
The recent market analysis as well

Stephanie Guo:
Yeah of course

Stephanie Guo:
Hhhhh

D. | Satoshi Club:
Now you can post the link

Stephanie Guo:
https://learn.bybit.com/

Stephanie Guo:
Hhhhh okok

D. | Satoshi Club:
Sorry about that

Stephanie Guo:
Hhh no problem

Stephanie Guo:
And for experience traders, we also have daily bitz for them to get to know more about the market, and our product itself concludes also the functions exclusively for experience users

Mary | Satoshi Club:
A lot of categories there, i need to refresh my knowledges

Stephanie Guo:
Done

D. | Satoshi Club:
How many networks are you supporting at the moment? are you supporting Layer 2 networks for deposits and withdrawals, like optimism, arbitrum?

Stephanie Guo:
Hhhh you can talk a look later

Stephanie Guo:
well very good question! actually we considered about it very early, but due to schedule issue, we postpone a little bit, but we are now exactly working on it, and will suspport by the end of this month lol

D. | Satoshi Club:
nice!

Mary | Satoshi Club:
Thank you for your answers! Ready to proceed?

Stephanie Guo:
Yeah!

D. | Satoshi Club:
Q3 from Telegram user @Jmagsss
Most cryptocurrency trading platforms, like Binance and OkEx are welcoming NFT products and integrating their platforms with NFT marketplaces because of the sudden mainstream adoption of NFTs in the crypto industry. For ByBit, does it have plans on expanding its products variety and include NFT and NFT utility products like marketplaces and minting mechanism? Can you please discuss more about platform’s involvement with NFTs?

Stephanie Guo:
hhh NFT

Stephanie Guo:
Yes, we created a NFT project team last month, and plan to launch Bybit’s exclusive NFT’s platform in January

Stephanie Guo:
Now we are working on the product, also approaching some very famous IP to cooperate

Stephanie Guo:
Will see next month

Stephanie Guo:
Done

Mary | Satoshi Club:
We will follow your updates

Mary | Satoshi Club:
Thank you for your answers! Ready to jump to the next question?

Stephanie Guo:
yeah!

D. | Satoshi Club:
Q4 from Telegram User @chinyere2020
I learnt that the Bybit Launchpool allows users to stake and earn tokens for free. Can you give more information about the Bybit Launchpool? What is the minimum time that users are required to lock their tokens before being able to unstake? Will a user be able to compound his/her yield or will the user be required to make new deposits manually on the Bybit Launchpool? Will users be required to complete any form of KYC verification to be eligible for the Bybit Launchpool? I also learnt that the current Launchpool project allows you to stake $BIT and/or any new token. Will users receive their yield in $BIT only or will users also be able to receive their yield in other tokens/cryptocurrencies?

Stephanie Guo:
Well glad to answer, so basically Launchpool is one kind of ieo as well. It allows users to get new llisted token in advance for free, simply by staking USDT or BIT – Bybit’s “semi-native” token, which can guarantee users a high return as they would not event to lose any money for token.

Stephanie Guo:

In Launchpool system, T+1 for yield calculate, T+2 for yield delivery

Stephanie Guo:
So users minimum staking amount (if they want to get their free earnings) is 2 days

Stephanie Guo:
Users need to pass KYC 1 in this case

Mary | Satoshi Club:
For KYC 1 what do they need?

Stephanie Guo:
Yes their yield can be compound for staking in the future, but need to do it manually at present hhhh

Stephanie Guo:
Just ID

Stephanie Guo:
ID card

Stephanie Guo:
And video as well!

Stephanie Guo:
Bybit has a restrict risk system to protect users assets hhhh

Mary | Satoshi Club:
Small details

Stephanie Guo:
So need to be careful about it

Stephanie Guo:
But as long as you are a qualified users, then no need to worry about it hhh

Stephanie Guo:
Done

Mary | Satoshi Club:
Is there any minimum to stake?

Stephanie Guo:
Yes, 50 BIT or 100 USDT

Stephanie Guo:
A small threshold

Mary | Satoshi Club:
Yes, it’s affordable money

Mary | Satoshi Club:
Thank you for your answers! Ready to jump to the next question?

Stephanie Guo:
Yeah exactlly

Stephanie Guo:
Yeah pls!

D. | Satoshi Club:
Q5 from Telegram User @UniqueVicky
Please let’s talk about security as the top priority for trading platforms. To further enhance users security and protection for users assets,Bybit said he is “implementing major security upgrades”and is also working with “leading security experts”,blockchain businesses and data analytic companies accross the globe, this is quite impressive,can you tell us what are the leading security firms or experts you are collaborating or working with,is it CERTIK or TECHRATE? What are the major security upgrades you are implementing into Bybit ecosystem and the data analytic companies you are collaborating with? You also said Bybit has set up Asset security fund should incase users encounter any issues on regards of their assets on Bybit, how can users get Access to this fund? What criteria of users are reliable to this fund,is it ordinary traders or investors? How much % Bybit token have you allocated for this purpose?

Stephanie Guo:
Well security is one of the most important thing for us, we have cooperated with like slowmist, which audited a lot of well-known projects.

Stephanie Guo:
A large number of audits and penetration tests have been done for the projects before and after the listing to ensure the user’s capital security and information security.

Stephanie Guo:
On the other hand, the layered deterministic cold wallet and offline signature technology are adopted to eliminate the possibility of hackers’ attack to stole the private key.

Stephanie Guo:
Bybit has operated safely and stably under double-layer protection for more than a year without token hacked.

Mary | Satoshi Club:
Did you ever have any security incidents?

Stephanie Guo:
Bybit leads the industry in security investment, with 25% of its budget to this area.

Stephanie Guo:
Hhhh non till now

Stephanie Guo:
Good job on Bybit

Mary | Satoshi Club:

That’s cool

Stephanie Guo:
Done

Mary | Satoshi Club:
Thank you for your answers! Ready for the 6th and last question from this part?

Stephanie Guo:
Sure!

D. | Satoshi Club:
Q6 from Telegram user @Ajpaa
One of Bybit’s DeFi product called ByFi Center is said to be a gateways to cloud mining where users get enhanced hash power for virtual mining, Offering greater profitability with fewer risks cloud mining service. Which advantages does your cloud mining service offer over other cloud mining service? Can you elaborate on your enhanced hash power cloud mining service and how it’s implemented to offer virtual mining, fewer risks and great profitability? How can users get contract for cloud mining, do you offer different plans and what is the payout modality? Which assets can be harvested directly via your cloud service?

Stephanie Guo:
Oh Byfi Center

Stephanie Guo:
Well to be honest, we just launch a new version this month, and cloud mining is already not been there hhhh

Stephanie Guo:
Now our focus are flexible staking and Launchpool

Stephanie Guo:
Byfi center also has Dual Asset mining and defi mining

Stephanie Guo:
They can cater the needs of diversified type of token holders

Stephanie Guo:
Btw. Bybit’s staking product has a rather high APY in the industry

Mary | Satoshi Club:
Do you have any guidance how to join virtual mining?

Mary | Satoshi Club:
What APY do you currently have?

Stephanie Guo:

Stephanie Guo:
More details can be seen on our website lol

D. | Satoshi Club:
And in the end of the first part of our AMA – can you share with us a short-term goals which you planning to achieve in the near future? what we can expect from ByBit?

Stephanie Guo:
Yeah sure, you see the spot business will be our focus in the future, and we aim to become top 3 in spot market cap in 2022 (now rank around 12th. on coingecko), and our derivative, since now already rank top 4, so our goal is top 2 in next year hhhh

Stephanie Guo:
And we are all confident that we can make it

D. | Satoshi Club:
Fantastic goals! i wish you achieve them!

Mary | Satoshi Club:
Stephanie, thank you for this awesome first part! Live part of our AMA is so close, that i can hear our users fingers printing their questions

Stephanie Guo:

Thx

Mary | Satoshi Club:
Are you ready for the storm?

Stephanie Guo:
Lets start hhh

Mary | Satoshi Club:
Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @highpee :

HELLO !You have said that users will need to PASS KYC Lev 1 in order to be able to partake in LAUNCHPOOL. What document is required to pass this KYC level? And are there regions restricted from accessing this?

Stephanie Guo:

Yes KYC L1 needs the ID card and a photo of the user holding picture with the key info on it(like many exchanges do), the restricted areas include The U.S, Quebec (Canada), Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and Mainland China.

Q2 from Telegram user @Mejaniyam:

Does ByBit have plans to attract new crypto users especially those living in non English speaking countries?

Stephanie Guo:

Actually Bybit is a very globalized platform with over 10 languages supported, and if you can see the division of our users, Korean, Japan, Spanish and Turkey are main market of Bybit (EN market can only rank 3rd) we have a professional regional market team to operate the localized marketplace, with affliate program, cooperation with local communities and influencers, and localized campaign & exclusive bonus for local area, etc. more details can check our community or official website, we have all the local communities

Q3 from Telegram user @feranno :

Hi Stephanie.Is Bybit Launchpool competitive against other launchpools?
So is it possible for us to generate more income than others? Also, do you have detailed documentation for those who don’t know enough about launchpools?

Stephanie Guo:

Sure yes, actually we did a math earlier, if user stake 10000 BIT, how much they can earn lol, and for example, for the detravel project just ended, the answer is users can get around 5000 usdt for staking 10000 BIT (they can unstake BIT later, so the yield is really high); our current project DeHorizon – invisted by YGG, the expected APY reaches over 100% as well, and its quite simple, all you need is to stake USDT and get DEVT automatically everyday!

Q4 from Telegram user @habibi_ve :

Bybit has been growing a lot in a short period of time. What do you think is the reason for this success? What will be its purpose now for 2022?

Stephanie Guo:

Our affiliate business is very good, and we have a professional investment team to guarantee the financial support lol and also the solid product & security system, so Bybit has a very good branding actually.

Q5 from Telegram user @Arnavx5 :

Hello @Stephanie_Guo.

Do you have any plans of conducting Future Trading Competition?
I am quite good at it.

Stephanie Guo:

Actually we will have one in the next several days, just stay tuned on our website! the prize pool is reeeally huge!

Q6 from Telegram user @Ishan1_7:

Please define the meaning of your project name “ByBit,” as I’m curious.

Stephanie Guo:

Win over the entire world with our products and services, bit by bit.

Q7 from Telegram user @sirdefi:

How strict is Bybit with the projects you list? Do you take it lightly and accept any request? Or do you do a proper investigation of each project? Can we trust the projects that are there?

Stephanie Guo:

We have an exclusive research team to evaluate each token to be listed on Bybit, our colleagues will produce a professional recommendation report if they agree to list any token, the evaluation dimensions ranging from the legal to unility, to ensure the quality of the token listed on Bybit

Q8 from Telegram user @Zohaya:

What are the Bybit plans and events to which we should look forward? Are there any freebies or airdrops available?

Stephanie Guo:

Yes, for newbies, Bybit has a $600 bonus, and if you can browse on Bybit’s website, you can see there are tons of campaigns with free airdrops everyday, with huge prize pool, in fact we will launch a campaign with prize pool of 6 million dollars, well Bybit is very rich.

Q9 from Telegram user @Chrisboy5:

At what stage is Bybit currently at and what is on your roadmap for the next 6 months?

Stephanie Guo:

Well just want to mention our focus in the next half year: NFT, Defi, Launchpad & Launchpool, Options, and Fiat.

Q10 from Telegram user @tahanisg :

Can you tell us about BIT token? I can’t find it on Coinmarketcap or listed anywhere other than Bybit. is it an internal only token?

Stephanie Guo:

BIt has been listed on Gate and MEXC by now, and will be listed on many more big exchanges in the future lol

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

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We are pleased to announce our next AMA on December 12th, 2021 at 05:00 PM UTC Time: Satoshi Club Spanish x Hashtagger Spanish

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Satoshi Club Spanish Telegram group
👉 Join Hashtagger Spanish Telegram group

We will have the following structure:

Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. Hashtagger Spanish Team will select 5 questions and answer them.

For more details:
Hashtagger Spanish – @HashtaggerOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on December 11th, 2021 at 03:00 PM UTC Time: Satoshi Club Spanish x Scope Spanish

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Satoshi Club Spanish Telegram group
👉 Join Scope Spanish Telegram group

We will have the following structure:

Part 1: 50$ /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50$/5 users – Open chat for 120 seconds. You can post Max 3 questions. Scope Spanish Team will select 5 questions and answer them.

For more details:
Scope Spanish – @SCOPECOINofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on December 11th, 2021 at 03:00 PM UTC Time: Satoshi Club Russian x Hashtagger Indonesia

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Indonesia Satoshi Club Telegram group
👉 Join Hashtagger Indonesia Telegram group

We will have the following structure:

Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. Hashtagger Indonesia Team will select 5 questions and answer them.

For more details:
Hashtagger Indonesia – @HashtaggerOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Indonezia – @satoshi_club_indonesia

When it comes to trading and investing in the cryptocurrencies world, one of its major advantages is tied to its inherent and literal “flip side of the coin”: that is, volatility. 

While legal tenders maintain daily volatility percentages that float around the 0.5% mark, it is instead not usual for cryptocurrencies prices to undergo 5%, 10% downside/upside changes (or even more) in a short span of time. By simple syllogism, such an event can imply huge losses (or gains) for investors; instead, a fiat currency, regulated by a government, has a fixed value; take for example the British pound or the U.S. dollar – and, yeah, I can already hear a lot of you screaming…for matters of simplicity and logical, yet theoretical reasoning, I’m deliberately keeping inflation out of the equation, so please stick with me 🙂

So, while volatility can be a positive, driving factor if a trader knows exactly when to buy or sell, we cannot avoid taking into account the fact that the majority of cryptocurrency investments are extremely risky investments, being fully aware that the financial concept of risk-reward is a dual, holistic one. 

Despite this acknowledgment, the cryptocurrency world is already armed to offer a different category of products to those that show higher risk aversion in their financial decision-making behavior. Anyone that wants to have access to the decentralized benefits brought by the industry – not having to worry, at the same time, about the ups and downs of crypto prices – can invest in a different crypto asset: stablecoins.

While this is not an in-depth guide on “how do stablecoins work?”, “what are stablecoins?” or “what is volatility?” (I can assure you, you can easily and quickly find the answers following up with a simple google search), we will still briefly touch upon these topics here and there, as they play a pivotal role in the brilliant design and architecture of today’s featured project – the MARS Ecosystem.

In the next paragraph we will work our way towards building our understanding via a brief introductory compendium meant to scratch *very superficially* the surface that makes up the bulk of the questions above … and then, armed with that simple knowledge, we will delve deeper into the value-packed proposition and amazing goodies that the MARS Ecosystem team is developing!

1. A Quick Understanding of The Central Role Played by Stablecoins

If we put on the analyst hat and examine how the market cap of decentralized stablecoins has been faring during the last year (taking into account, for example, “stables” like DAI, sUSD, etc.), it gets very easy to reckon that a real boom has been taking place: the growth of the stablecoins market has been unprecedented with a whopping ~22x growth. While this may only seem a huge number, it also bears all the signs of what could be seen as the jump-start of a new era – one where decentralized stablecoins could take the lead and even overthrow, in a not-so-unlikely future, the multitude of centralized, regulated stablecoins represented by behemoths of the likes of USDC or even BUSD. 

Keeping our analyst hat still on our heads, we can see that the current, aggregated market cap of centralized stablecoins has reached over the years the order of magnitude of hundreds of billions of dollars (market cap variations have also been frequent and quite dramatic with volatile swings, just as witnessed in recent periods). While this is huge and impressive, decentralized stablecoins are also taking hold in terms of adoption (with the current market cap around one-tenth of the figures outlined above), with many technical projections and indicators foreshadowing a potential “flippening” scenario occurring in less than 3-5 years from now.

But why is this important? Let me correct myself: it’s not important – it’s critical… and that is because, by definition, stablecoins represent DeFi’s life essence. Decentralized stablecoins are at the very heart of the DeFi stack – that is, the modular, holistic design that makes Decentralized Finance the unique one-stop-shop for all of the services & products that we’re able to currently enjoy. If the DeFi stack is the engine, stablecoins are its fuel. 

And this fuel is far from being the perfect mix though: the way actual stablecoins were to fit the stack’s architecture has, over time, bred three main issues: there is no stablecoin design that simultaneously meets the needs of price stability, decentralization & scalability. And that’s when, where, and why the Mars Ecosystem team steps in.

2. What is the Mars Ecosystem

The above graphic does a great job of addressing some of the pros and cons of some of the most famous stablecoins of the cryptoverse. So, you might now be asking: what’s the Mars Ecosystem bringing onto the table? What is the value proposition brought forth … and, above all, what is Mars Ecosystem?

The Mars Ecosystem is a Decentralized Stablecoin and DeFi platform, whose design is tripartite; it is composed of 

• the Mars Stablecoin (of course!)
• the Mars Treasury  
• and the Mars Ecosystem DeFi Protocols

These 3 components were designed to integrate seamlessly, constituting a positive feedback cycle meant to generate a perpetuating “flywheel” effect within the ecosystem and giving life to a never-seen-before stablecoin paradigm that bears the characteristics of price-stability, capital-efficiency, scalability, and, above all, decentralization.

Let us now have a sneak-peek at the 3 components in more detail.

The 1rst Component – The Mint/Redeem Mechanism of the Mars Ecosystem 

The Mars Ecosystem employs a dual-token model (more in detail in the Tokenomics paragraph): 

• One is represented by the Mars Stablecoin (USDm)
• The other one is Mars Ecosystem’s flagship, non-pegged token (XMS).

A Mint/Redeem mechanism has been carefully thought out and put in place by the team: the USDm stablecoin can always be minted and redeemed from the ecosystem for $1 worth of XMS. When minting USDm, the XMS utilized to mint it is burned. When redeeming USDm, new XMS tokens are minted.

This whole process is accompanied by several features (that are specific to the Mars ecosystem), which are then indicated with the appropriate “jargon”, and also which address a specific, required aspect to make everything tick & work as smoothly and precisely as a Swiss watch. Again we will not get into the details of all the technicalities here, but there’s one specific feature that’s so unparalleled and ingenious that we believe deserves to be highlighted: that’s called “Asymmetric Minting” – and in order to grasp the smart mechanism underlying it, we need to introduce some terminology.

So what is Asymmetric Minting and how does redeeming work under it? 

Let’s say you’re a user that wants to mint USDm tokens. In order to do that you have to add one of the Mars Treasury whitelisted assets to the Mars Treasury. For example, you can mint 5 USDm with $5 worth of ETH. However, when you decide to redeem 5 USDm, what you are given is the XMS token, in place of ETH. And that’s how Asymmetric Minting is provided. 

On top of that, assets that are available in the Mars Treasury will sustain the value of USDm and XMS and, thanks to the Support Ratio (see the caption above), USDm’s market cap will be limited by XMS market cap, positively impacting XMS price and preventing the infamous “death spiral” events that are typical of sell-offs that occur under extreme market conditions.

The 2nd Component – The Mars Stablecoin DEX

The Mars Ecosystem team has implemented a Stablecoin AMM DEX, simply known as “Mars Stablecoin DEX”. The DEX aim is to incentivize liquidity provision and trading, particularly favoring the native USDm stablecoin.

On the DEX, users can also stake XMS to earn a share of the transaction fees generated via the DEX usage from other users. 

This implementation allows for the capturing of value inside the Mars Ecosystem, solving the inherently rooted design problem that’s all too common within the majority of stablecoin protocols: the economic benefits generated by a stablecoin’s creation/minting aren’t captured by the protocol itself, but instead are dispersed via other use cases that are specific to the protocol, with a consequent “value leakage” that’s inefficient for both the ecosystem and the users. Instead, thanks to the Mars Ecosystem DEX architecture, the value is relayed to those users that utilize and support the protocol, at the same time generating highly-desired price support for the XMS token.

The 3rd Component – The Mars Ecosystem’s “Flywheel Effect”

The “Flywheel Effect” is a positive feedback loop that’s been designed to build “momentum”, increasing the payoff of incremental efforts. Borrowing some words from the project’s Official Medium, this Flywheel Effect appears to be kind of like karma:  “[…]good things you do lead to more good things “just happening”[…].

It may sound sybilline, but it’s not. In fact, the Mars Ecosystem team intentionally designed the whole system in such a way that its 3 major components (the USDm stablecoin, the native XMS token, and the stablecoin DEX) would work together to generate a positive feedback cycle, one that would naturally bring about the “flywheel effect” and accelerate the Protocol’s expansion & growth.

This is beautifully recapped by the infographic below:

3. Addressing The Fundamental Stablecoin Protocols Issues  

We’ve outlined Mars Ecosystem’s structure, detailing its 3 major infrastructural components. This structure is in place to address two fundamental problems typical of stablecoins protocols: one is the positive externality problem, and the other is the integration problem.

The positive externality problem of stablecoin protocols is related to the costs of producing (minting) and maintaining stablecoins. These costs are incurred by the protocol and its users/stakeholders (minters, shareholders, bondholders). 

The majority of the value derived from the stablecoin protocols lies within the transaction fees gathered on other DeFi protocols. This capital is thus captured by these DeFi protocols, giving no financial aid/support to the stablecoin protocol itself. What this too often implies, in the end, is that supply shortages of said stablecoin are a usual (yet unwished-for!) occurrence, leading to the potential inability to satisfy market demand on DeFi platforms.

The integration problem of stablecoin protocols is instead related to the demand for stablecoins created by any stablecoin protocol. This demand is highly dependent on the degree of integration of said stablecoin within other DeFi protocols, besides the native stablecoin protocol. If the integration of stablecoins with other DeFi protocols is ignored, then supply growth and stability of stablecoins are affected.

The Mars Ecosystem team has managed to work its way through these thorny problems, putting the puzzle pieces together, by crafting and designing a stablecoin protocol that would solve these two problems in one go, bridging the gap that’s been in place for so much time, thanks to the features that the Mars Ecosystem protocol can finally boast with its services:

Price stability: the Mint/Redeem mechanisms ensure the price of USDm is pegged to $1. The market cap of USDm is backed by the market cap of XMS by several multiples.

Capital efficiency:  to mint one USDm a user will always need $1 worth of XMS

Scalability: The supply of USDm scales with the market cap of XMS.

No Reliance On Centralized Collateral: The price stability of USDm is built upon XMS and the Mars Ecosystem.

High Value Captured from Stablecoin Adoption: A substantial part of the transaction fees generated through the utilization of the Mars Stablecoin DEX are captured via the XMS token.

Extensive Integration: USDm will be integrated into other DeFi protocols as well as crypto payments.

The “Flywheel Effect: The relationship between the USDm, XMS, and the Mars Stablecoin DEX constitutes a positive feedback loop, generating the Flywheel Effect mentioned previously in this article.

And – cherry on the cake – this is all accompanied by a stern security layer: Mars Ecosystem’s smart contracts are in fact audited by some of the most renowned security auditors in the space – Certik, BlockSec, and SlowMist.

4. Tokens (USDm & XMS) and Tokenomics

As explained in an earlier section, the Mars Ecosystem employs a two-token system:

USD-Mars (or, as we know by know, USDm) represents the stablecoin of the Mars Ecosystem. XMS, instead is the Mars Ecosystem Token, functioning also as the protocol’s governance token. The USDm stablecoin has been designed to serve as the reserve currency of the DeFi world, while the XMS governance token’s aim is geared towards capturing the value generated from the creation and circulation of USDm, and, for that reason, has also been equipped with huge potential and appreciation capabilities.

We could synthesize the value capturing model of the XMS Mars Ecosystem Token by highlighting 3 special characteristics:

• The Mintage Control Mechanism (MCM). The Mintage Control Mechanism ensures that the market value of XMS is at least 2.5 times the circulating supply of USDm. If, for example, at any given point, the market demand for USDm is parked at 100 million, then the market value of XMS should be at least 250 million USD. If this is not the case then the circulating supply of USDm cannot reach 100 million (at that given moment).

• Mars Treasury Control Rights Value. XMS holders can influence and determine protocol upgrades within the Mars Treasury through protocol governance votes. To prevent the occurrence of any 51% attacks on the protocol the market capitalization of XMS will always remain at least 2x the value of the assets held within the Mars Vault. If, for example, the circulating supply of USDm in the market is 100 million USD, and correspondingly Mars Treasury has 100 million USD assets, then the market value of XMS will be at least 200 million USD – otherwise, the Mars Treasury would be at risk of being attacked.

• The Transaction Fees Generated Via The Mars DeFi Protocols. When users trade on Mars DeFi protocols such as Mars Swap and Mars StableSwap, they will be charged transaction fees. These will be partly assigned to liquidity providers and partly assigned to the protocol itself. The protocol also defines the fees to distribute to XMS stakers through the buy-back and redistribution of XMS.

Also, numbers are important whenever we’re writing about token economics. The total supply of XMS amounts to 1,000,000,000. The token distribution is as follows:

1. 70% has been allocated as Community Incentive – for Liquidity Mining, Trade Mining, and Airdrops purposes
2. 10% has been allocated to the DAO Treasury – these represent Market Making, Operations, Marketing, and Partnerships reserves.
3. 10% is held by Investors. The institutional investors’ tokens will follow a linear vesting schedule for 18 months, starting from Genesis Launch, while IMO participants’ tokens were released linearly for 6 months, starting on June 15th – this design was meant to incentivize the distribution of XMS tokens to true long-term supporters of the Mars Ecosystem in a sustainable way.
4. Finally, 10% is held by the Mars Ecosystem Team. These tokens are locked following a monthly linear vesting schedule that started at the Genesis Launch, for 36 months.

Currently, the $XMS token is listed on PancakeSwap and Centralized Exchanges BKEX and Hoo.com. And by the way – a fully-fledged, detailed Tokenomics paper can be found here. 

5. Roadmap

The Mars Ecosystem just recently rolled 3 extremely successful “Genesis Events”. These events saw overwhelming participation, with over 24,000,000 BUSD and about 38,000,000 XMS tokens cumulatively staked over the course of just 9 days (from November 21rst until November 29th)! The “Genesis Events” goal is to incentivize the minting of USDm and distribute XMS, BTC, ETH, BNB, and CAKE as rewards to the early supporters of USDm for free. Genesis Event 4 is about to be announced soon with amazing rewards for all the participants – so, if you’re curious, I highly suggest having a look here!

Coming next, the team plans on releasing more DeFi protocols via investments, incubations, and joint development to empower the Mars Ecosystem. The end of Q4 2021 is bound to be the time for the yield aggregator module’s release, together with the development of the Mars Launchpad platform.

In Q1 2022 stable coins mintage will be implemented on other public chains, expanding the Mars Ecosystem further. 2022 and beyond will thus witness the implementation of the Cross-Chain Stablecoin DEX with an expansion into Ethereum, Heco, Polkadot, and many other renowned ecosystems. Also, the team will seek partners within the crypto payment service providers sector to foster USDm adoption.

6. Conclusion 

With over $258 million locked in TVL – which the project has managed to attract, since its launch, in a very short span of time – the Mars Ecosystem team should be extremely proud of the steady growth of the platform. Bitcoin’s recent tumble hasn’t proven to be much of a hindrance for this ecosystem whose goal is to become the leading algorithmic stablecoin protocol of the DeFi world. The team’s mission is well on its way and this is also proven by the list of reputable, strong backers that have pledged their support to the protocol since its very inception (Parallel Ventures, YBB, Kernel Ventures, 7Star Capital, Continue Capital). We cannot also fail to mention the most recent cooperations and notable partnerships with Monsta Infinite and Celestial.

Mars Ecosystem has been warmly welcomed by most of its stakeholders, thanks to its innovative proposition in the niche of crypto stablecoins. Its future success will definitely depend on the team’s ability to cement its presence inside the wider marketplace of digital assets, and also the capability to fulfill the roadmap promises made to both investors and users for the coming quarters. Yet we can, without much doubt, consider Mars Ecosystem’s experience a positive and impactful one so far: we personally love what the team has been masterfully capable to build, with a dApp that offers a variety of tools and products that are undeniably value-packed, streamlined and rich in all of its aspects.

7. Community and Social Channels (as of December 8th, 2021)

MARS Ecosystem’s Website

For everything you need to know about MARS Ecosystem, visit the official MARS Ecosystem Website.

MARS Ecosystem’s Telegram

Join the conversation on Telegram to stay in the know about MARS Ecosystem. 

MARS Ecosystem’s Medium

To keep up with the latest updates from MARS Ecosystem, follow them on their official Medium page.

MARS Ecosystem’s Twitter

Get in touch and social with other members of MARS Ecosystem’s community. Join the community on Twitter. 

Legal Disclaimer

Both Satoshi Club and the article’s authors are not providing readers any individually tailored investment advice. The article does not constitute financial advice. The material is for educational purposes only and Satoshi Club nor any of its authors are responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

We are pleased to announce our next AMA on December 11th, 2021 at 01:00 PM UTC Time: Satoshi Club Russian x Tsar Network Russian

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Russian Satoshi Club Telegram group
👉 Join Tsar Network Russian Telegram group

We will have the following structure:

Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. Tsar Network Russian Team will select 5 questions and answer them.

For more details:
Tsar Network Russian – @tsarnetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on December 10th 2021 at 03:00 PM UTC Time: Satoshi Club x Hashtagger

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Hashtagger 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. Hashtagger Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Hashtagger

For more details:
Hashtagger Website – hashtagger.com
Hashtagger Telegram – @HashtaggerOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

The NFT market is more massive now than it has ever been. With many natives, enthusiasts and investors realising the value of staying on the side of these ever-accelerating digital assets, their worth has increased tremendously.Currently, the NFT market is worth more than 7 billion USD. This value is not a surprise as the NFT market has witnessed mind-blowing growth as the sales of NFTs shoot at 2 billion USD or a near value. This is a rather huge increase from the 400 million USD monthly sales volume
at the beginning of the year. The increase in sales volume is what has helped NFTs grow to be worth more than 7 billion USD. Just by building a marketplace for assets not easily converted to cash such as collectables, art
(digital art), games, music and others, the NFT realm is set to wax stronger in the coming years. NFTs are particularly useful because they tackle the challenge of infusing liquidity into normally illiquid assets.Away from the increase in NFT sales, a rise in the dollar value of many digitised tokens has
played a prominent role in raising the value of NFTs in the market.

Fractionalized NFTs is Getting a Lot of Traffic

Fractionalized NFTs are set to revolutionize crypto collectables. They provide a novel way to invest in NFTs by dividing ownership.  A standard NFT is initially deposited into a blockchain address that is protected by a smart contract. Next in line with this is that investors can buy then buy partial ownership of the digital asset.

Several benefits accompany this approach to distributing NFTs. The very obvious reason is that it makes investing in NFT more affordable. Some NFTs are sold for outrageous amounts, even shooting for millions of dollars. By fractionalizing NFTs, more of it will be bought and more investors will patronize the NFT space. 
Because of the high pricing, NFTs are frequently purchased by affluent individuals and companies, making them incredibly expensive for smaller investors. Fractionalized NFTs deal with this problem by lowering token values, which are frequently below $100 or even as low as $1.

Fractionalized NFTs are also beneficial to artists who may find it difficult to sell their NFT for a high price because of the low demand for it. Fractionalizing NFT can help these artists gain big for their work by selling it in parts. They could even earn more than selling it in the old conventional way.

It’s also worth noting that fractionalized NFTs might make conventional NFT ownership possible. In other circumstances, a single affluent investor can buy the entire fractionalized NFT.

There are a number of brilliant NFT marketplaces out there that offer amazing fractionalized NFT. One of the bests is NFracTion. NFracTion is so unique that it stands out favorably to artists and investors. They’re known to provide the best experience for any user. 

What is NFracTion?

NFracTion offers everyone an opportunity to become a part of the NFT world of the future. NFracTion as already mentioned is a unique project. It is a spectacular NFT Fractionalizer that “cuts” digitized art into puzzle pieces. NFracTion through this “cutting” of digital art gives more value for art collectors and higher profit than the regular single-piece NFT. 

NFracTion’s marketplace is built with exceptional care to give users a great experience. In its initial stage, NFracTion is tailored towards sports lovers or what they call the “sports fan community”. The acclaimed fractionalizer has entered into a number of partnerships with sports-concerned organizations in line to launch NFTs. 

Still, in an attempt to make its user experience brilliant, NFracTion announced its partnership with Chainlink on November 10. The top-notch NFT marketplace integrated Chainlink Verifiable Random Function (VRF) on Ethereum and BSC mainnets. This provides NFracTion access to a tamper-proof and auditable source of randomness needed to share NFT raffle prizes and airdrops fairly. 

With this new partnership in place, NFT raffles and airdrops can be received by users of NFracTion fairly and equitably, leading to a much more exciting, credible and fraud-free experience.

Features of Project NFracTion 

Fractionalized NFTs

With NFracTion, innovation has been taken to the next level by introducing Fractionalized NFTs. While the NFT space has grown tremendously in terms of marketplaces, prospects, and rewards, artists (sellers) and purchasers continue to face obstacles. Liquidity is a difficulty for sellers, and the high price of individual items means purchasers have limited access.

Fractionalized NFTs split digital arts into puzzle pieces, allowing numerous individuals to own the same NFT. Because artwork can be divided into several ‘puzzle’ parts, this gives sellers additional liquidity. Even with this Simultaneously, individual NFT puzzle pieces are more accessible to buyers and retail dealers.

Cross-chain Marketplace

The very first cross-chain marketplace, NFracTion, expands the array of opportunities that NFTs provide. The marketplace constraints on blockchain networks are amongst the difficulties in the present NFT landscape. As a result, buyers and sellers on marketplaces based on the Ethereum blockchain must pay significant transaction costs.

The NFracTion marketplace proposes a cross-chain marketplace concept. It will add NFTs minted on the Cardano blockchain to its fractionalization capabilities. The marketplace will provide a one-of-a-kind experience with fractionalized NFTs and puzzle packs, as well as a trading and minting platform for NFTs.

Personalized NFT

The NFractiion ecosystem features a one-of-a-kind feature called personalized NFT, which allows it to supply original novelties tailored to the sports market. Fans can get their favourite team’s individually tailored GIF shirts. The user selects the team, number, and name for the GIFs on the platform.

Key Token Metrics and Token Allocation

The $NFTA coin is the NFracTion ecosystem’s utility token. On September 30th, 2021, the platform will launch its IDO on the Occam Razar Launchpad. The maximum supply of $NFTA is 100,000,000.00 NFTA and the total supply of $NFTA is 100,000,000 NFT. Currently, the total amount of $NFTA circulating in the market and available for trade is 15,000,000.  The total market value for the currently circulating supply of $NFTA is 556,445 USD. With a 24-hour trading volume of $2,988.36, the current NFTA price is $0.037098269632.

The NFTA was allocated 45,000,000 (45%) for sale, 15,000,000 (15%) NFTA to the team. The treasury reserve as important as it is was assigned 20,000,000 (20℅) NFTA. And, 20,000,000 (20%) for the community. 

Community and Social Channels

Everything genius is simple and you will see this today by getting acquainted with the incredible Genius Yield project.

For the world of DeFi experiencing divergence in yields, Genius Yield has introduced the possibility of optimizing the users’ APY and enhancing the efficiency of asset allocation in the decentralized digital ecosystem. 

In essence, Genius yield is a tool that can be used with multiple exchanges to gain the best possible profit from yield farming. Having complex, well-defined algorithms at its core, Genius yield allows its users to automate their yields without the need for detailed analysis and manual executions. The manual process is replaced by algorithmic execution based on specific characteristics such as transaction cost, demand and supply, liquidity, and more.

Genius Yield is capable of efficiently handling the drastic changes in the supply of the liquidity pools and protecting the users’ assets. It safeguards the users against the highly volatile market by adjusting the asset allocation according to the current yield.

Genius Yield is a DEX built on the Cardano Blockchain. It allows projects and participants to raise funds in a truly transparent and unbiased market. 

So let’s take a closer look at the Genius Yield project.

1. The obvious choice

Usually, choosing a blockchain for a project is one of the fundamental conditions for its success. Genius Yield’s choice is based not only on current benefits but also on prospects, which once again emphasizes the long-term vision of the project.

Cardano is a decentralized third-generation proof-of-stake blockchain platform. While it shares characteristics and applications with other blockchain platforms like Ethereum, Cardano is the first blockchain platform to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.

From a plethora of blockchains available in the market, the decision to select Cardano has been made because Cardano has the potential to become the de facto blockchain platform for the financial world.

Cardano’s efforts and core principles are aligned with Genius Yield’s goal of making DeFi available for the masses.

With Cardano, Genius Yield will create a global DeFi ecosystem enriched with security and authenticity.

By using Cardano, Genius Yield will be able to fulfill its dream of being a fully decentralized community.

Cardano’s main reason has been founded to eradicate the complications of existing blockchain platforms in terms of scalability and security.

The project was initiated in 2015 by Input-Output Hong Kong (IOHK), a company managed by Ethereum Co-Founder Charles Hoskinson 2015.

Cardano was conceptionally designed to facilitate DeFi for the masses. It allows developers to build scalable and secure applications quickly with Cardano’s native governance token ADA powering seamless financial transactions.

Cardano currently has a market capitalization of more than $73 billion, making it one of the largest decentralized networks in the world.

The main reason why Cardano offers Genius Yield a perfect DeFi ecosystem is its outstanding technical features.

Cardano’s Settlement Layer (CSL) allows the secure transfer of ADA between accounts. This is further complemented by Cardano’s Computational Layer (CCL), the smart contract logic layer that dictates the transfer of assets.

The consensus applied by Cardano is the Ouroboros protocol. From the decentralization perspective, Cardano is maintained by separate organizations eradicating the chance of monopoly or manipulations.

Additionally, the Alonzo upgrade is en route to placing Cardano on the map of the DeFi revolution. It will enable developers to build smart contracts on Cardano.

Alonzo has been released in September 2021, which is why Genius Yield is committed to being one of the world’s first projects that is powered by Alonzo.

2. Simple solutions to complex problems

To this day, the DeFi world remains too complex even for experienced users, not to mention beginners. Processes are sometimes complex or lengthy. Here is a list of the main problems that Genius Yield is solving:

Users earn only a tiny percentage of the total amount of funds.

Manual searches for more exciting rewards when providing liquidity is cumbersome.

Switching to more profitable liquidity pools is time-consuming.

Manual access on all DeFi staking protocols.

Swap and deposit collaterals.

Exit when the yield is not attractive anymore.

Genius Yield’s Solutions

Genius Yield is based on Uniswap V3 protocol (Concentrated Liquidity, Flexible Fees, Non-Fungible Liquidity, Range Order )

Automates liquidity staking.

Selects and invests in the most appropriate protocols for staking.

Monitors and generates the best possible profits.

 Users can manage all their liquidity staking in a single place with an advanced UI.

Well, it’s time to look at the Genius Yield DEX and Genius Yield AMM in detail for a better understanding of their performance model.

Decentralized Exchange (DeX) 

Genius Yield is a DEX built on the Cardano Blockchain. It allows projects and participants to raise funds in a truly transparent and unbiased market.

On GeniusYield, anyone can list their native token, provide initial liquidity to set the token price, and allow others to swap their native token for other assets listed on the platform.

In return, swappers pay a small fee, and liquidity providers earn a return on their deposits. This and future white papers will outline an initial product modeled after the protocol popularized by Uniswap, with several innovative adaptations for the Cardano blockchain.

Genius Yield’s DEX protocol will include these features: 

Development with Plutus on Cardano blockchain 

SWAP Cardano Native Token – Cardano Native Token Pools

SWAP ADA -Cardano Native Token Pools

Concentrated Liquidity

Smart Liquidity management

Non-Fungible Liquidity

Gouvernance & voting

Voting & Governance

Genius Yield AMM 

The Genius, an automated market maker, is the decentralized money market on

the Cardano Blockchain efficiently manages the liquidity as well as all

required activities in the digital DeFi world.

In essence, AMMs are the protocols used to pool liquidity and manage demand

and supply unbiasedly. The interest rates for the borrowers and lenders are

calculated.

A prime objective of having an Automated Market Maker is to replace the banks

with a digital pre-programmed algorithm to enable more transparency and trust

in the ecosystem. It can be thought of as a group of smart contracts that

execute specific functions when appropriate conditions are met. 

Behind Genius’ advanced approach :

– Concentrated Liquidity 

– Multiple fee tiers 

– Non-Fungible Liquidity

– Flexible Fees 

– SWAP Cardano Token

3. The benefits don’t end there

There are never many benefits. Therefore, for the convenience of users, Genius Yield added Genius Wallet Changelly Swap Connectivity.

Genius Yield understands the gap in the current market and aims to bridge that gap by connecting the traditional financial world with the decentralized financial world. At the center of this synergy will be the Genius Yield Wallet that allows crypto deposits and FIAT deposits. Like any other cryptocurrency wallet, the Genius Yield Wallet is enhanced with security and enables fast deposits and withdrawals. It is a non-custodial wallet which means that it will truly decentralize the ecosystem. Being non-custodial, the platform will have no control over the user’s assets, but users have complete control over their assets.

Changelly is a non-custodial instant crypto exchange that does not hold its users’ funds on exchanges or in cold storage. Founded in 2015 and headquartered in Malta, it offers several pair exchange rates and fast transactions. Therefore, many businesses have integrated instant crypto swap features through the Changelly API. Changelly uses an automatic trading robot that integrates with some of the largest trading platforms, including Poloniex, Binance, and Bittrex.

Changelly’s mission is to make the exchange process seamless for everyone who wants to invest in cryptocurrency.

At Genius Yield they want users to buy crypto with Fiat with credit or debit cards and swap it directly in the Genius Yield application.

Therefore, Genius Yield will integrate Changelly API.

In order to use the Changelly exchange to buy with a credit or debit card the first step the users must do is to open an account by providing a valid email address.

After an account has been created, the users need to select a fiat currency. Currently, Changelly accepts USD, GBP, and EUR. As part of Changelly’s KYC procedure users must provide a scan of either their driver’s license or passport. Additionally, a selfie may also be mandatory, although the required documents may differ depending on the user’s domicile.

It’s worth noting that a third party, not Changelly, actually clears all credit and debit purchases. The Changelly exchange merely connects the user with a reliable payment processor.

5. It’s never too late to learn

Genius Yield Academy is a place where everyone is given the right set of information to learn and understand the world of DeFi. DeFi concepts like an automated market maker, liquidity pool, curving bonds, and oracles may be overwhelming for many people, which is why DeFi is unable to reach mass adoption.

Genius Yield does not only intend to make DeFi easy but also to make DeFi understandable for everyone. Therefore, at Genius Yield’s Academy, visions of thought leaders, blockchain experts, and the Genius Yield team are available to users to help them understand the true wonders of DeFi.

Furthermore, the Academy is segregated into different sections based on languages, level of users such as newbies, and advanced trading videos that can be useful for expert traders. This segmentation allows a more friendly environment customized to the needs of the user.

4. Who makes dreams come true

Behind every successful project is always a team of professionals who work as a coordinated mechanism. Genius Yield can boast of being able to create such a mechanism, and we are happy to introduce our readers to their team. The team behind the Genius Yield project comprises industry experts, veterans, and an experienced group of developers. 

Laurent Bellandi: Managing partner

https://www.linkedin.com/in/laurent-bellandi

Remy Baldo: Association Member

https://www.linkedin.com/in/https://www.linkedin.com/in/r%C3%A9my-baldo-678a0a15a/

Dr. Sothy Kol-Men: Managing partner

https://www.linkedihttps://www.linkedin.com/in/mssassi/n.com

Dr. Lars Brünjes: Partner & C.T.O

https://www.linkedin.com/in/https://www.linkedin.com/in/dr-lars-br%C3%BCnjes-1640993b/

Marvin Bertin: Partner & Chief Scientific Officer (CSO)

https://www.linkedhttps://www.linkedin.com/in/marvinbertin/

Michael White: Blockchain Architect

https://www.linkedin.com/in/michael-white-4a4610185/

Of course, these are not all team members, you can get to know the team members in more detail by visiting the Genius Yield website and the project’s social channels.

5. Smoothly engine

Our story would never be complete if we overlooked one of the fundamental parts of the Genius Yield project – the $GENS token!

The $GENS token will be the engine of all their products and services, and its function will go far beyond the governance of the protocol GeniusYield 

$GENS token is a Cardano native token.

Native token is a new feature that enables the transacting of multi-assets on Cardano. Users can transact with ADA, and with an unlimited number of user-defined (custom) tokens natively.

Native tokens offer distinct advantages for developers: there is no need to create smart contracts to handle custom tokens since the ledger takes all token-related functionality.

The native tokens feature extends the existing accounting infrastructure defined in the ledger model.

$GENS are the native tokens of the Genius Yield Protocol. These tokens can be used to open an account at Genius Yield and start earning optimized yields. $GENS will be available on all top exchanges.

The $GENS also acts as a governance token, and anyone holding $GENS is part of the decision-making of the platform upgrades. Users can create proposals and vote on proposals by staking or holding $GENS.

The Genius Yield ecosystem enables users to earn a significant passive income. All $GENS holders will get a reward. The 20% of the transaction fees on the platform will go to $GENS holders. 

6. Life is full of events

The life of Genius Yield is full of events, so their users always stay in shape and every day they are convinced of the correctness of their choice. Here are just some of the latest developments.

– To celebrate the launch of its ISPO Genius Yield is organizing a big Winning contest! Enter the contest here : https://bit.ly/ISPO_Contest

– Genius Yield  is excited to announce that MAESTRO stake pool is their official ISPO partner. Their team of experienced engineers will deploy and operate Genius Yield’s stake pools and keep their ISPO running smoothly.

– Ledgity Announced Partnership with Genius Yield

7. Conclusion

If I were asked to formulate my impressions of the above project in one sentence, it would sound like this – It’s easy to be a genius with Genius Yield. 

DeFi is booming and has gained remarkable traction. But, for DeFi to grow further, it needs to support the needs of ordinary people, not just tech-savvy ones. Genius Yield aims to meet the needs of both types of users by creating an application that is easy to use for ordinary people and by allowing users to generate the highest possible yield in the simplest manner.

The future of DeFi is aggregator driven and Genius Yield is at the forefront of this future.

8. Social channels

Genius Yield’s Website

https://www.geniusyhttps://www.geniusyield.co/

Genius Yield’s  Telegram

https://t.me/geniusyield_official

Genius Yield’s Medium

https://geniusyield.medium.com/

Genius Yield’s Twitter

Tweets by GeniusyieldO

Genius Yield’s Discord

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Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Rainmaker Games and our guest was . The AMA took place on the 8th of December.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Rainmaker Games! Welcome to Satoshi Club.

Gold Rocket | Satoshi Club:
Today our guest is @willdeane

Will D:
Nice to meet everyone!

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @willdeane

Gold Rocket | Satoshi Club:
Nice to e-meet you

Gold Rocket | Satoshi Club:

How are you doing today?

Mary | Satoshi Club:
Welcome here, Will.

Will D:
I am doing great! Tons of momentum and announcements coming up, so excited.

Gold Rocket | Satoshi Club:
We also really excited about upcoming AMA with you

Mary | Satoshi Club:
Wow, i see you’re very busy.

Will D:
Me too. Pumped to start!

Mary | Satoshi Club:
i think we can start our AMA now.

Gold Rocket | Satoshi Club:
Let’s start! Introduce yourself please. How did you get to be involved in crypto & Rainmaker Games

Will D:
Great! – My name is Will, I am the founder/CEO of Rainmaker Games. I got involved in crypto in 2017 and really dove deep in 2020 when we saw true application/utility on top of crypto by way of Axie Infinity.

Mary | Satoshi Club:
Axie Infinity is really hot.

Gold Rocket | Satoshi Club:
Give us a brief introduction to the project. What is the essence of Rainmaker Games

Will D:
In terms of Rainmaker Games. We saw the success of axie and the opportunity to build a guild in the game. Fast forward to today we have over 1200 players and over 100,000 members in our ecosystem. What is important to note, is that while we have a guild, our company is focused on connecting gamers, guilds and games. We are building the future of gaming platform so that all players who want to be in Play2Earn can join, even if they don’t have a sponsorship.

Gold Rocket | Satoshi Club:
Very promising.

Gold Rocket | Satoshi Club:
Tell us about the benefits of Rainmaker Games. How is it different from others?

Mary | Satoshi Club:
Do you have gamers in the team? Or someone who was involved in gaming industry?

Will D:
Yes, we are solving a massive problem in this space. That the barrier to entry for players is really high. Almost all players, right now, have to get sponsored to play or have the financial means to purchase in game assets. Not everyone in the world can afford to do that. But if a player is good, then guild will certainly sponsor them. Our. goal is to let every player join our platform, level up and go through training to be a player that guilds want.

Will D:
Yes, my co-founder Victor is a old school gamer. Atari, Dota and every game you can think of

Gold Rocket | Satoshi Club:
Great goal .

Will D:
He has helped architect the platform we are building, because it is truly for the players

Mary | Satoshi Club:
How many team members do you have?

Will D:
We have 15 members currently.

Gold Rocket | Satoshi Club:
Is your team anonymous or not?

Will D:
Nope – We are here to build and visible

Gold Rocket | Satoshi Club:
Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Mary | Satoshi Club:
Nice number

Will D:
Yes ready

Gold Rocket | Satoshi Club:
We have a good pace of work with you Will.

Gold Rocket | Satoshi Club:
Q1 from Telegram User @yellowchamp
I found out that Rainmaker Games has an ongoing give away which is $100 worth of Blockchain games token for 3 lucky winners daily until Dec. 10. So,can you explain more about this giveaway program of your platform? What is the mechanics of this giveaway?Does the $100 worth of Blockchain games token prize is withdrawable or it can only be utilized in Rainmaker Games? How can anyone participate this giveaway? As Christmas season is coming,do you have any other giveaways program we can look forward to? Thank you

Will D:
We have a lot of other giveaways! I recommend everyone join our Twitter and Telegram and you will have access to them all. In terms of the $100 worth of blockchain games token, it is an on going promotion to bring visibility to the space, not just us. So we are incorporating various gaming tokens to give away.

Mary | Satoshi Club:
What another activities do you have except giveaways? How do you incentive users to join your community?

Will D:
We have giveaways and the ability to sign up for our beta and get first access to the games we are rolling out on our platform!

Mary | Satoshi Club:
What benefits will your early users have?

Will D:
Getting access to our platform means you will have first access to all of the games and guilds that we work with. This is a huge benefit if you are a gamer!

Gold Rocket | Satoshi Club:
By the way, share your roadmap with us please.

Will D:
Of course!

Mary | Satoshi Club:
True

Will D:
We plan to roll out our closed beta at the end of December, then early January our open beta. Then in February we plan to on board our first 15 games and 20 guilds. After that we have a market place that will open up TBD

Gold Rocket | Satoshi Club:
Thanks for your great answers! Let’s proceed to the next question if you don’t mind.

Gold Rocket | Satoshi Club:
Q2 from Telegram User @ProwGrowl
Rainmaker is also building the NFT Marketplace where the users can sell, buy, rent and loan GameFi NFTs that they can sync into game play within the platform. It is also mentioned that users get access to digital banking service. Could you expand more on that subject. What types of cards does it support? What else makes part Rainmaker ecosystem? Are you offering a crypto wallet connected to the platform?

Will D:
Yes of course

Will D:
We are working with top card providers to give our users access to financial products and services. Right now we think cashing out of crypto to FIAT is a long process, we plan on shortening that.

Will D:
Our market place will allow for the rental of game assets so users can test games before they play them to determine what games they love and want to play long term

Mary | Satoshi Club:
Which blockchain are you working on?

Gold Rocket | Satoshi Club:
Which feature are you personally most proud of @willdeane

Will D:
We are launching our token on Copper Launch on the 17th via ERC-20. But quickly after we will have a bridge to BSC

Will D:
I am most proud of our player on-boarding feature. Letting all players join our platform and on-boarding them so they have proper access to guilds is what I am most proud of

Mary | Satoshi Club:
Any plans to add more in the future? Cross chain connections are actual now.

Will D:
Yes! We are talking internally about Solana and Polygon as well

Will D:
Nothing determined yet, but we really love cross chain.

Gold Rocket | Satoshi Club:
It’s really admirable.

Will D:
Thank you!

Mary | Satoshi Club:
As you are planning to work with fiat – will you have KYC on your platform?

Will D:
Initially we won’t have KYC as we will be working with offramp services.

Will D:
We will see where the road takes us in the future though .

Mary | Satoshi Club:
Gotcha , thank you for your answers!

Mary | Satoshi Club:
Ready for the next question?

Gold Rocket | Satoshi Club:
Thanks for your answers.

Gold Rocket | Satoshi Club:
Q3 from Telegram User @JesusFre1tes
DeHorizon Metaverse’s long-term vision is to create an open virtual carnival for all Metaverse Humans across multiple chains, allowing players to enjoy their second life. But, the implementation of multiple chains has always represented a challenge in terms of interoperability, TPS, among others. How does DeHorizon plan to address these challenges to meet the platform’s stated goals for a future of global adoption and no barriers to entry or adoption?

Will D:
Hehe, well We are not DeHorizon

Gold Rocket | Satoshi Club:
Oops

Will D:
But I imagine, it depends on how they integrate with other platforms.

Will D:
A strong partnership team would make this a success.

Will D:
There has to be a element of human involvement to work with other projects and their partnership teams to integrate across chain and APIs

Mary | Satoshi Club:
Btw, what partnerships do you currently have?

Will D:
Great question! Polygon we are working closely with and several games although I am not yet at liberty to say. We have a massive announcement coming out tomorrow that will talk all about them

Mary | Satoshi Club:
Ohhhh, please share with us as soon as it will be public

Will D:
O yes! You guys will be the first on my list

Mary | Satoshi Club:
We are honoured to be there

Mary | Satoshi Club:
Thank you for your answers! Ready to jump to the next question?

Will D:
Yes please

Gold Rocket | Satoshi Club:
Q4 from Telegram User @Ajpaa
I read from your recent announcement that your token launch and whitelist event is scheduled as follow: Dec. 17th Fair Launch on Copper Launch and Dec 16th Ignition and Polkastarter Launchpads. So can you provide us with details for these events and how users can participate? How can users be qualified to participate in the Rainmaker Game lottery draw on Polkastarter? What is the modality for this lottery draw and how will the wining prize be allocated? Can a participant increase his winning chance? Thank you.

Will D:
Great questions! When it comes to Polkastarter, there is a specific process to go through the whitelist. In our Telegram https://t.me/rainmakergames you will find several answers about how to go through whitelisting. In terms of how Polkastarter distributes the tokens, they explain it once you get whitelisted. The Fair Auction on the 17th is really cool. We are super excited for this. Once we plan on announcing where it will be hosted several days before.

Mary | Satoshi Club:
You choose best launchpads.

Will D:
Hehe we are lucky to have great partners.

Mary | Satoshi Club:
Btw, did you have any seed rounds or private sales before?

Will D:
Yes we did. We actually had a seed round between .

Mary | Satoshi Club:
How much did you raise?

Will D:
We have some amazing investors, many of whom you guys know. But we want announce them just yet. That is tomorrow.

Will D:
6.5m

Mary | Satoshi Club:
Wow! Congratulations!

Will D:
Thank you!

Mary | Satoshi Club:
Are seed round investors tokens locked?

Will D:
Yes!

Will D:
1 year lock up

Mary | Satoshi Club:
Nice , i like this.

Mary | Satoshi Club:
I believe your Fair Launch will be successful 10-20 seconds .

Gold Rocket | Satoshi Club:
Please do not forget to share with Satoshi Clubbers when it becomes available.

Mary | Satoshi Club:
Thank you for your answers! Ready for the next question?

Gold Rocket | Satoshi Club:
Thank you for your answers

Will D:
Yes.

Will D:
I’ll share all of the details

Gold Rocket | Satoshi Club:
Q5 from Telegram User @Anne_Tim
Rainmaker platform will host 3 tiers of gameplay to ensure an evenly matched and positive gaming experience. Entry-level gamers will start with non-NFT based games, then they can level up to NFT based games where mid-level players will enter. High-level players will be in the third tier of gameplay where they can opt to be Guild Verified. Can the players start with the second tier in case they agree to play for it? Is there a possibility to buy NFT from a particular game and then play it starting with the second or third tier? Thanks!

Will D:
As long as they join our Telegram haha

Mary | Satoshi Club:
They will, don’t doubt

Gold Rocket | Satoshi Club:
https://t.me/rainmakergames
Don’t forget to join, Satoshi Clubbers

Will D:
Yes absolutely. Depending on your skill level you can start at certain tiers. But if you want to pay for the assets directly, we are happy to oblige as well as help you with training and getting better. Our goal is to make gamers be the best version of themselves, so we are here to serve the community.

Mary | Satoshi Club:
Is this option available in your beta version?

Will D:
Not yet. But more features to be rolled out soon. I’m excited to launch out of beta and give access to everyone!

Mary | Satoshi Club:
We are patiently waiting

Mary | Satoshi Club:
Thank you for your answers! Ready for the 6th and last question from this part?

Will D:
Yes.

Gold Rocket | Satoshi Club:
Q6 from Telegram User @Cheriemike
You mentioned that $RAIN is earned by members of your guild through gameplay by Staking.It can be used for liquidity pool staking enabling gamers to earn additional $RAIN.So can you give an overview of the Liquidity Pool Staking?Can you please state the amount of $RAIN gamers will stake before they can receive more $RAIN?What will be the % of $RAIN that will be distributed to gamers who stake to the liquidity staking pool?Will the additional earnings of $RAIN be done on a continuous basis?At what period of time can gamers withdraw what they have staked?Please kindly add more information on staking $RAIN. Thanks

Will D:

Yes great question! We are actually finalizing our staking APY today and tomorrow. What I can tell you is that we want to highly incentivize holders, we imagine the earning for staking your $RAIN for a long lock up period will allow you to earn at least several hundred APY, if not more. We are super excited about this feature!

Mary | Satoshi Club:

What is the minimum amount users can stake?

Will D:
Another part we are working to finalize today and tomorrow. I won’t want to be too specific, until we finalize it.

Mary | Satoshi Club:
And as i see you will have lock up periods, right?

Mary | Satoshi Club:
For staking?

Will D:
Yes, we have very long lockups. Not for staking. We will probably have 1-12 month lock ups, and that will determine your % of earning potential

Mary | Satoshi Club:
Yes, it’s really long. But it shows that you are thinking in long time perspective

Gold Rocket | Satoshi Club:
Сould you tell us please about your tokenomics btw

Will D:
Sure, we have investors between .04-.06 with long lockups. Our token utility is designed in a way that if you hold $RAIN tokens you can earn airdrops, rewards and vote in the DAO we plan to roll out. Also you can get first access to games.

Gold Rocket | Satoshi Club:
Many thanks for sharing

Will D:
Of course! Happy to be in your community sharing with everyone about the project. We will be MASSIVE!

Will D:
$RAIN

Gold Rocket | Satoshi Club:
Please share useful links to your social networks with our community before opening a chat.

Will D:
https://twitter.com/rainmakergaming

Will D:
and Telegram

Will D:
https://t.me/rainmakergames

Will D:
Everyone please join. We will be one of the leaders in this space.

Gold Rocket | Satoshi Club:
https://rainmakergames.medium.com/

Mary | Satoshi Club:
Thank you for this awesome first part and now we came close to the next part of our AMA – live part ready for it?

Will D:

Will D:
Yes ready for it.

Mary | Satoshi Club:
Let’s go .

Part 2 — live questions from the Telegram community

Q1 from Telegram user @centoscu:

As I investor I see two opportunities which are trade and hold. So why should investors like me should your token?

Will D:

We will be one of the largest projects in the gaming space!

Q2 from Telegram user @mobilejii :

How could I play and earn from games? Is it possible to start for non gamer and do you have any tutorial video for beginner?

Will D:

We have many training modules in our platform. We want new players to have the same opportunity as active gamers

Q3 from Telegram user @alptrader:

How do you plan to build a great community for your project and how can I help you about that?

Will D:

We are growing fast and have a ton of partnerships in the works. We know we will grow because of that.

Q4 from Telegram user @Wong2008 :

I read that gamers will get access to the games based on their levels, can you explain to us more about this point?

Will D:

Everyone will have access to games. But we want to help players get ready for games. And games will incentive good players. We help you get there

Q5 from Telegram user @sucrez :

Is there any vesting period for purchased tokens?

Will D:

No vesting for public tokens. But all investors do have lockups. We will be a massive growth project.

Q6 from Telegram user @Xusuo :

You mention that Rainmaker GAmes will have “GUILD” feature, so what player can do by create a guild ? what is the benefit ?

Will D:

Members of the dao and guild will be able to vote on what games we bring to the platform, what to do with profits and what features we roll out.

Q7 from Telegram user @atillayeni :

Which one is your best NFT’s and most special NFT’s?

Will D:

Right now Axie Infinity is the game of choice. But we also love Splinterlands and Alien worlds.

Q8 from Telegram user @Gemshunter22 :

I want to buy $RAIN but it doesnt look easy. How can a new buyer buy your token?

Will D:

Great question! Join our telegram. Instructions will be pinned there in the coming days!

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

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Website: https://esatoshi.club/

Our partners:
Telegram-https://t.me/rainmakergames
Medium –https://rainmakergames.medium.com/
WebSite – https://rmg.io/

Twitter-https://twitter.com/RainmakerGaming

Instagram-https://www.instagram.com/rainmakergames/