We were delighted to welcome our guest from Mars Ecosystem. The AMA took place on October 7th, 2021 and our guest was @clomptheory.<\/p>\n\n\n\n
The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n
Gold\nRocket | Satoshi Club: <\/strong>Hello again, dear Satoshi Club community! We\nare pleased to announce AMA with Mars Ecosystem😍<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Today our \nguest is @clomptheory🔥<\/p>\n\n\n\n Tarios: <\/strong>Hey\neveryone!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi Club,\n@clomptheory😁<\/p>\n\n\n\n Tarios: <\/strong>It’s great\nto be here!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Nice to e-meet you 😊<\/p>\n\n\n\n Tarios: <\/strong>Nice to\nmeet you, too 😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>We are really excited about upcoming AMA❤️🌏<\/p>\n\n\n\n Tarios: <\/strong>Yes,\nreally me too 🙏🏻<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>The eyes of humanity have always been turned\nto the red planet 😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Tell us a little about yourself .. how did you\nget into crypto? How did the idea for the Mars Ecosystem come about?<\/p>\n\n\n\n Tarios: <\/strong>My\ninterest in crypto started thanks to my friends. Although I was not very\ninterested in before, I was fascinated by DeFi and I have improved myself in\nthis field. I’m here now!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>yes this is a hot topic today 🔥<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Tell us please about your position in Mars Ecosystem<\/p>\n\n\n\n Tarios: <\/strong>Yes\nreally! It is amazing to see that how DeFi improved that much in this short\ntime. However, DeFi still has a lot of time to evolve!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>It is clear that we are at the beginning of\nthe road😁<\/p>\n\n\n\n Tarios: <\/strong>My role at\nMars Ecosystem is Oversea Community Manager. I am here to assist the comrades\nof the Mars Ecosystem and respond to their problems as soon as possible!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Give us a brief introduction to the project.\nWhat is the essence of Mars Ecosystem<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>This is a really important task in the\ncommunity. Community is the engine of the project😊👏<\/p>\n\n\n\n Tarios: <\/strong>Mars\nEcosystem is a decentralized stablecoin & DeFi platform. Also, Mars\nEcosystem is now one of the hottest projects on BSC, and one of the strongest participants of the MVB\nIII Program!<\/p>\n\n\n\n Tarios: <\/strong>Yes,\nexactly! 😄<\/p>\n\n\n\n Tarios: <\/strong>I’m\nTarios. I am the Oversea Community Manager of the Mars Ecosystem. My task here\nis to answer users’ questions and solve their problems as soon as possible.<\/p>\n\n\n\n First of all, let me introduce a bit about Mars Ecosystem. Mars Ecosystem\nis now one of the hottest projects on BSC, and also one of the strongest\nparticipants of the MVB III Program!<\/p>\n\n\n\n In September, Mars Ecosystem has just launched its own Farms\/Pools and\nthe TVL already reached 🔥$240M. at the same time maintaining APR up to 1100%.\n<\/p>\n\n\n\n 🔥$1.4M worth of BTC, BNB, ETH, CAKE were distributed\nto XMS stakers during the last week. Cumulative reward distribution reaches\n$2.6M.<\/p>\n\n\n\n Tarios: <\/strong>And Mars Ecosystem will launch stake XMS-BNB MarsSwap LP to earn $CAKE on 8th Oct at 1pm UTC, the APR will be 1000+%, don’t miss the rewards! https:\/\/app.marsecosystem.com\/farms<\/a><\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Amazing🔥🔥🔥<\/p>\n\n\n\n Tarios: <\/strong>Same\nthoughts! ☺️<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>That’s An Impressive\nAPR 👏<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Pay attention Satoshi Clubbers🚀 don’t\nmiss great opportunity<\/p>\n\n\n\n Tarios: <\/strong>Yes, our\nteam is doing its best to both give the highest APR and maintain the value of\nthe token!<\/p>\n\n\n\n Tarios: <\/strong>Thanks to\nvesting mechanism.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>please tell us about the team. who are these\namazing people who make up the core of the team?<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Awesome the results\nprove they are actually doing their best<\/p>\n\n\n\n Tarios: <\/strong>Of course.\nJohn is the founder and CEO of Mars Ecosystem. He is an avid fan and researcher\nof DeFi. He has not only studied a PhD in Finance at Stanford University, but\nalso have many years of experience in the financial industry.<\/p>\n\n\n\n Also, there are ~20 community and marketing manager in our team in total.\nThey are doing their best for the development of the project.<\/p>\n\n\n\n And, our developer team is very hardworking, they aim to offer the best\nproduct by working as a team non-stop for the project to come to the best\nplace.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>It’s always great to\nhave dedicated people working as a Team…<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Wow! Real dream team🔥<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Is your team anonymous or not?<\/p>\n\n\n\n Tarios: <\/strong>Yes\nexactly! Everyone on the team strives to\nhelp each other.<\/p>\n\n\n\n Tarios: <\/strong>Our team\nis anonymous, as with many DeFi projects. Our team wants to highlight itself\nwith the work it does and the product it develops.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for great introduction, we have several\nquestions which were selected for the 1st part. Ready to start?<\/p>\n\n\n\n Tarios: <\/strong>Yep, I am\nready!<\/p>\n\n\n\n Q1 from Telegram user @Orlemys <\/em><\/strong><\/p>\n\n\n\n We’ve somehow gotten past the\n“to-the-moon” rage, and now many projects are stepping into other\nplanets, with Mars being at the center of it all. So, how do you manage to stand\nout from the Mars protocols crowd? What are the unique traits that make your\nMars ecosystem authentic? Are you focused more on the Mars visuals and space,\nor on releasing products and community rewards?<\/em><\/p>\n\n\n\n Tarios: <\/strong>Great and\ndetailed question.<\/p>\n\n\n\n Tarios: <\/strong>The main\nfeatures that make the Mars Ecosystem unique are Mars Treasury, Mars DeFi, and\nMars Stablecoin. By combining these 3 features under a single ecosystem, we aim\nto offer the most useful and safe platform for users. The main purpose of the\nMars Ecosystem is to create the DeFi central bank. The stablecoin it will use\nwhile doing this is USDM. Behind USDM are \nBTC, ETH, UNI, etc. major coins. In this way, USDM will be both a\ndecentralized and sustainable stablecoin.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>unique feature👏👏👏<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Are you focused more on the Mars visuals and\nspace, or on releasing products and community rewards?\u200c\u200c (\u0441)<\/p>\n\n\n\n Tarios: <\/strong>Our team\nhas a plan for NFTs in the future. However, the team is currently looking to\nhead towards farms and the Genesis Launch. Therefore, we can expect such visual\nenhancements in the future.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for great answers 😊<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>When is the genesis\nlaunch scheduled to take place?<\/p>\n\n\n\n Tarios: <\/strong>The\nGenesis Launch is scheduled for late of this month. The team is currently\nstriving for Genesis Launch with all its might.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>hot hot autumn😁🔥🔥🔥<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for your answers<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Ready to proceed to the next question?<\/p>\n\n\n\n Tarios: <\/strong>I thank\nyou for the questions!<\/p>\n\n\n\n Tarios: <\/strong>Yes, I am\nready.<\/p>\n\n\n\n Q2 from Telegram User @Pavel_Jarosh<\/em><\/strong><\/p>\n\n\n\n Masr Ecosystem includes multiple pieces of puzzle:\nMars Treasury, Minting Control, DeFi protocols, governance token. There\u2019s also\na place for NFT project, however it is not described in details as above\nmentioned initiatives. Please let us know what is in heart of Mars NFT? Can\nthey be bought or you plan to distribute them as part of rewarding system?\nThank you!<\/em><\/p>\n\n\n\n Tarios: <\/strong>Currently,\nour farms and pools have come to life. Last September, the main focus of the\ndev team was adding more farms and pools. We have added many farms and pools in\nline with the requests of our users. The team’s current focus is on Genesis\nLaunch. After the Genesis Launch is complete, there will be usage details.\nAlso, we will distribute NFT to all IMO holders. We are currently improving the\nNFT gameplay and empowerment. We will cooperate with other projects as well.\nPlease give us some time, since we ‘re trying to explore more value and\npossibilities. Stay tuned with Mars for the news!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Don’t forget to share with Satoshi Clubbers❤️<\/p>\n\n\n\n Tarios: <\/strong>Yes of\ncourse!<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>They will be\nexpecting Some news 😉<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>What kind of farms and pools are there at the\nmoment?<\/p>\n\n\n\n Tarios: <\/strong>Currently,\nas pools,<\/p>\n\n\n\n Stake XMS to earn XMS<\/p>\n\n\n\n Stake XMS to earn CAKE \/ BNB \/ BTC\/ ETH \/ KALA \/ HELMET \/ FOR<\/p>\n\n\n\n Stake CAKE to earn XMS<\/p>\n\n\n\n As farms,<\/p>\n\n\n\n Stake XMS\/BNB to earn XMS \/ BNB<\/p>\n\n\n\n Stake CAKE\/BNB or BUSD\/BNB or USDT\/BNB or CAKE\/BUSD or CAKE\/USDT or ..\nand more to earn XMS<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Good number of pairs<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for sharing<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Yeah..<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>What about USDM?<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>https:\/\/app.marsecosystem.com\/pools<\/a><\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>https:\/\/app.marsecosystem.com\/farms<\/a><\/p>\n\n\n\n Tarios: <\/strong>At the moment, I cannot give detailed information about USDM as Genesis Launch has not yet taken place. They can follow the announcement channel to follow the upcoming news and to be informed about new farm & pools as soon as possible. https:\/\/t.me\/marsecosystem_news<\/a><\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Look forward to Genesis Launch 🙏<\/p>\n\n\n\n Tarios: <\/strong>Yes! I am\nreally excited about it.<\/p>\n\n\n\n Tarios: <\/strong>and whole\ncommunity 😁<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>@clomptheory ready for the next question?🤩<\/p>\n\n\n\n Tarios: <\/strong>Yes\nplease.<\/p>\n\n\n\n Q3 from Telegram User @Highpee<\/em><\/strong><\/p>\n\n\n\n One of the features that you have introduced to\nensure your stablecoin stability is an anti-bank run mechanism which you said\ncan prevent large sell-off of stablecoin within a short period. Can you explain\nhow you will maintain stability of USDM and how you will be able to prevent\nlarge sell off especially during situations where users may be apprehensive\nthat the price may not return to $1? How do your asymmetry minting and\nredeeming process work and how does it prevent death spiral event or sell-off\nrun under extreme market conditions?<\/em><\/p>\n\n\n\n Tarios: <\/strong>Great\nquestion. It is a good opportunity to highlight the difference of USDM from\nother stablecoins.<\/p>\n\n\n\n Tarios: <\/strong>Here’s how\nasymmetric minting and redeeming works: To mint USDM token, the user must add\none of the Mars Treasury whitelisted assets to the Mars Treasury. For example,\nthe user can mint 5 USDM with $5 ETH. However, when the user wants to redeem 5\nUSDM, XMS token is given to the user instead of ETH. Thus, antisymmetric\nminting is provided. In addition, assets in the Mars Treasury will support the\nvalue of USDM and XMS. Finally, thanks to Support Ratio, USDM’s market cap will\nbe limited by XMS’s market cap. This will reflect positively on the price of\nXMS. <\/p>\n\n\n\n In short, thanks to the anti-minting and redeeming mechanism, the spiral\nof death is prevented.<\/p>\n\n\n\n When USDM market price > $1:<\/p>\n\n\n\n Arbitrageurs can use $1 worth of the Mars Treasury whitelisted assets\n(such as BTC) to mint 1 USDM in the Mars Treasury, They can then sell the newly\nminted USDM in the market to make a profit. This arbitrage action will quickly\nbring the market price of USDM back to $1.<\/p>\n\n\n\n When USDM market price < $1: <\/p>\n\n\n\n Arbitrageurs can buy 1 USDM in the market for less than $1 and then\nredeem it in the Mars Treasury to obtain $1 worth of XMS. The redeemed XMS can\nbe sold in the market to make a profit. As long as XMS has sufficient liquidity\nin the market, this arbitrage action will quickly bring the market price of\nUSDM back to $1.<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>This is detailed\nenough.. 👏<\/p>\n\n\n\n Tarios: <\/strong>As much as\nI can.. 😊<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>So can you\nshare your Tokenomics with us?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>it will really help regulation<\/p>\n\n\n\n Tarios: <\/strong>Yes of\ncourse, <\/p>\n\n\n\n the total supply is 1Billion<\/p>\n\n\n\n Investors 8%<\/p>\n\n\n\n IDO 2%<\/p>\n\n\n\n Team 10%<\/p>\n\n\n\n DAO Treasury (Market Making, Operations, Marketing, Partnerships, etc.)\n15%<\/p>\n\n\n\n Community Incentives (Liquidity Mining, Trade Mining, Airdrops, etc.) 65%<\/p>\n\n\n\n Vesting Schedule:<\/p>\n\n\n\n Investors: Vesting monthly for 18 months, starting at Genesis Launch<\/p>\n\n\n\n Team: Vesting monthly for 36 months, starting at Genesis Launch<\/p>\n\n\n\n Jonah <\/strong>🏅🎹<\/strong>: <\/strong>Thank you for sharing<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Let’s proceed to the next question<\/p>\n\n\n\n Tarios: <\/strong>You’re\nwelcome!<\/p>\n\n\n\n Tarios: <\/strong>Yes,\nplease!<\/p>\n\n\n\n Q4 From Telegram User @MinxOxyde<\/em><\/strong><\/p>\n\n\n\n as I read, Mars Ecosystem will be launched on BSC\nsoon, and a \u201cGenesis Rocket Launch\u201d will be held at the same time to celebrate\nthe event. and so huge rewards will given to the participant. i really\ninteresting with this, how to join the Genesis Event? how much to spend? and\ntell me about the calculation of the rewards, let says if i spend 100BUSD to\ntreasury?<\/em><\/p>\n\n\n\n Tarios: <\/strong>The\nGenesis Launch is scheduled for the end of this month (October). Details on\nexactly how Genesis Launch will be have not yet been shared with users.\nHowever, superficially, it will be as follows, users (who want to be the first\nowner of USDM) will commit BUSD at Genesis Launch, thus earning USDM and XMS as\na reward. For example, a user who commits 100BUSD will receive 100 USDM and XMS\nreward in proportion to the user’s participation percentage. PS.: 5% of the\ntotal supply of XMS will be distributed through this event.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thank you for the clarification<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>By the way, I know you have an ambassador\nprogram for your community. Please tell us a bit about it<\/p>\n\n\n\n Tarios: <\/strong>Of course, the ambassadors namely Captains. They exist to grow and advance the Mars Ecosystem community. Our users who want to get one step closer to becoming a Captain can fill out the form here. https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLSedzJjiH3pMsQAVdTAexS8gTKnFjQigHRDwu1ZH7pepc9duTw\/viewform<\/a><\/p>\n\n\n\n There is a continuous reward system for the achievements of captains.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>🚀 Join Mars Ecosystem Local Community:<\/p>\n\n\n\n 🌎Global English Telegram: https:\/\/t.me\/mars_ecosystem<\/a><\/p>\n\n\n\n 🇨🇳Chinese Telegram: https:\/\/t.me\/Marsecosystem_chinese\n<\/p>\n\n\n\n 🇮🇩Indonesian Telegram: https:\/\/t.me\/marsecosystem_IDSA<\/a><\/p>\n\n\n\n 🇻🇳Vietnam Telegram: https:\/\/t.me\/marsecosystem_vietnam<\/a><\/p>\n\n\n\n 🇹🇷Turkish Telegram\uff1ahttps:\/\/t.me\/marsecosystemturkey<\/a><\/p>\n\n\n\n 🇪🇸Spanish Telegram: https:\/\/t.me\/marsecosystem_ES<\/a><\/p>\n\n\n\n