Mars Ecosystem Platform Review

by Deep Trade

In September of this year, the decentralized project Mars Ecosystem began to gain popularity. It markets itself as a "scalable stablecoin ecosystem." More and more money is pouring into this platform, and now there is an opportunity to earn money by purchasing a native token and other instruments.

What is Mars Ecosystem?

The Mars Ecosystem project aims to overcome a key challenge faced by decentralized stablecoins. This refers to attaining a simultaneous combination of stable prices, scalability, a high level of decentralization, and easy integration into other blockchain projects.

A standard stablecoin is digital money tied to the exchange rate of an individual fiat currency. The most common option is the dollar. If the USD price goes up, the quotes of the coins that are pegged to it also go up.

Algorithmic stablecoins are a cryptocurrency that independently regulates their rate, keeping them stable. When the value of such a coin rises, more of it will automatically be issued. If the price goes down, the supply goes down too.

The Mars Ecosystem is an ecosystem specifically designed for algorithmic stable blocks. The developers of this project believe that the decentralized stablecoin is a more promising form of crypto-asset compared to traditional digital alternatives to the dollar.

In today's marketplace, even the most popular decentralized assets struggle with speed and accuracy. The main problem comes down to the need to process the data of all transactions involving stablecoin. Including those associated with numerous services in the DeFi segment.

Protocols of such tokens constantly process data on the use of coins. At the same time, any project has the goal of developing (scaling). The essence of scaling comes down to interaction with other decentralized projects, services, and platforms.

When stablecoins start to actively use numerous DeFi applications, the network becomes overloaded, and it becomes difficult for it to read transaction data. And without fast processing of information, stablecoin algorithms will not be able to timely regulate the supply of the coin - to reduce its quantity or increase it.

As a result, the following problems may arise:

  • If the price rises, the project may delay the release of additional stablecoins, which will lead to a lack of supply.
  • If the prices fall, rapid burning of some assets will not occur, which will cause an even stronger price decline.

As a result, it is difficult for decentralized stablecoins to simultaneously scale and maintain a stable price.

The Mars Ecosystem was created precisely in order to remove the load (processes for creating and maintaining coins) from the work protocol. In parallel with this, the system also solves the integration problem. The price of a stablecoin is influenced by its ability to easily integrate into other projects. If difficulties arise with this interaction, the asset loses part of its market rating.

To scale an algorithmic stablecoin, it is important that DeFi projects created on different blockchains can easily use it in their work. The Mars Ecosystem is helping to solve this problem as well.

The tools of the Ecosystem

Mars Ecosystem is an environment in which you can both create and maintain a decentralized stablecoin. When using this ecosystem, it automatically monitors all processes associated with the capture of a coin by numerous external services at the expense of its own resources. As a result, the token protocol quickly receives information about all transactions, regardless of their number in different DeFi applications.

To better fulfill the major tasks, the ecosystem has the following tools:

  • A special mechanism for controlling the circulation of coins;
  • integration of algorithmic stablecoins and DeFi applications into one system of protocols;
  • a mechanism to counteract the interference of financial structures in the operation of the protocols;
  • asset classification mechanism in the Mars Ecosystem treasury.

Stable and fast operation of the stablecoin ecosystem is ensured by 3 protocols.

Mars Stablecoin

This is the USDM “Mars Ecosystems” stablecoin. Its supply is adjusted according to the market cap of the XMS utility token. The algorithm for regulating the issue of stablecoins is part of the mechanism for controlling the circulation of assets. The main indicator that is taken into account by the system in this process is the demand for the token.

Part of the Mars Stablecoin protocol is an anti-bank protection mechanism. If during a short offset, various financial structures try to cash out the difference between the USD and XMS prices, they will face slippage. As a result, it will be extremely difficult to quickly sell an asset in large volume and at a bargain price.

At the same time, the difference in the price of the stablecoin and the dollar is quickly neutralized. The system prevents centralized financial institutions from manipulating prices in the operation of the Mars Ecosystem.

Mars Treasury

The Mars Treasury protocol, the foundation upon which the stable operation of the Mars Ecosystem is built.

The function of building blocks is performed by 2 tokens:

  • USDM (USD-Mars): the stablecoin of the "Ecosystems of Mars"
  • XMS (Mars Ecosystem Token) is an ecosystem utility token.

These coins were created to support various digital assets within the system - from bitcoin to blue-chip DeFi projects. At the same time, the Mars Ecosystems team still has the tools for minting and redeeming USDM. That is, the token supply is easily regulated.

Mars DeFi

This protocol is responsible for the operation of functions that provide increased liquidity and facilitate the execution of transactions. It also maintains the required level of US dollar reserves in the system around the clock (for collateral).

Mars DeFi is responsible for returning commissions from transactions to the Mars Treasury. Then these funds are used to pay rewards to liquidity providers, participants in staking, and XMS token holders.

These 3 protocols work together to provide fast feedback when interacting with any number of applications.

All this allows various decentralized stablecoins to obtain key market advantages:

  • High level of decentralization. The protocol should not feature a single point of decision making or rejection. Thanks to the "Mars Ecosystem ", tokens will have no problems with distributed governance.
  • High stability of the asset price. Tokens are pegged to the value of the dollar. Ecosystem protocols control the processes that affect pricing.
  • Complete scalability. If the demand for an algorithmic stablecoin launched in the ecosystem rises sharply, the system will fix this and quickly increase the supply of the token. As a result, the coin can be issued in any volume, penetrating into different market crypto-processes.

If earlier mechanisms for regulating the value of an asset created a load on the protocols of decentralized tokens, now there is an opportunity to shift the main load to the "Mars Ecosystem".

How users can make money in the Mars Ecosystem

To use any earning tools available in the Mars Ecosystem, you need to connect a cryptocurrency wallet.

To start working with the tools for earning in the Mars Ecosystem, the first thing you need to do is go to the website: https://marsecosystem.com/home.

Next, you need to click on the Use APP button in the upper right part of the site.

After that, a page with a side menu will load, allowing you to choose ways to generate income.

Here you can see the current rate of the native token of the XMS system and the number of funds locked (invested) by users (TVL). The page also displays the annualized percentage rate for those who will be using XMS staking. Now, this figure is 1898%.

Pools

One of the main ways to generate income in the ecosystem is staking. Various suggestions for it can be seen by clicking on the Pools button in the side menu.

All that is required to earn money is to stake tokens for a certain period of time. You can get rewards in different coins. The user has the opportunity to select a suitable option from the list and stake.

In most cases, USDM or XMS is placed. You can put up one service token and get another coin for it, which is integrated into the system.

The middle column of the staking list displays the net annual percentage of remuneration. As you can see, interest rates are quite high.

Right now is the optimal time to get involved in the Mars Ecosystem: the project was only recently launched. And it is designed to actively attract users by offering advantageous conditions for collaboration. To minimize the risks, you need to pay attention to the liquidity of each coin. It is displayed in the right column (Liquidity).

If the liquidity of the asset offered for staking is low, then later there may be problems with the withdrawal of the earned coins. The required number of tokens may simply not be in the Mars Ecosystem. For this reason, it is better to choose options with a liquidity level of 700,000 or higher.

Attention should also be paid to the conditions for withdrawing the native XMS token. There are several proposals where the reward is paid with this coin.

According to the data in the Claim section, you will be able to collect your XMS gradually over 180 days. Payments are made no more than once every 3 days in equal amounts. If 600 reward tokens were received, then every three days the user will be able to receive no more than 10 XMS. If desired, funds can be withdrawn every week or even more often.

Farms

In this section, users can enter liquidity tokens (LP) into the system and receive a percentage for this action.

There is also a table that shows the options available for farming and indicates the APR. If you choose this way of making money, you also need to pay attention to the liquidity indicator of the investment.

Swap

This section is for swapping tokens.

Connecting to a wallet is also required at this point.

Liquidity

The section for liquidity providers. It states that those who deposit cryptocurrency to support the ecosystem are paid a commission of 0.3%.

There is functionality here that allows users to create currency pairs that are convenient for them.

To get profit from farming or staking, you need to do the following:

  • go to the table of the desired section;
  • select the pair that was used;
  • Click on the Details button on the right.

This will open a menu where you click on Harvest. After that, the amount of the reward will be displayed in the withdrawal section with the name Claim. You can immediately collect 1/60 of the reward.

Fundamental Analysis

The idea of ​​an ecosystem that allows creating and using algorithmic stablecoins as efficiently as possible is of interest to many crypto investors. For this reason, the company managed to attract $2 million in investments at the launch stage. And now the project has $400.2 million locked.

At the same time, among the first investors in the Mars Ecosystem there are large blockchain funds:

  • Parallel Ventures.
  • Continue Capital.
  • YBB Foundation.
  • Kernel Ventures.

These funds will actively support the various areas of activity of the Mars Ecosystem. We are talking about the following areas of development and promotion:

  • expanding the presence of the ecosystem in the global digital asset market;
  • recruiting of experienced highly qualified programmers;
  • continuation of development and various research in the segment of decentralized stablecoins.

The project managers have already spent some of the funds raised to launch the Mars Ecosystem in the main blockchain of the Binance ecosystem: Binance Smart Chain (BSC). This network is focused on working with decentralized applications and smart contracts.

In the BSC newsfeed, the collaboration with the Mars Ecosystem was presented from the most positive side. This means that the resources of the Binance community are also associated with the further development of the first ecosystem of algorithmic stablecoins.

The result of a competent start of the project was the rapid development of its Mars Ecosystem Token (XMS):

  • Over the past 30 days, this coin has risen in price by 15.4%.
  • Now its cost is 1.01 USD.
  • The current market capitalization of XMS is $107 million.
  • The amount of assets involved is $326 million.
  • The daily trading volume of the token is approximately $1.5 million.

Mars Ecosystem has filled a promising niche and received enough funding to successfully implement its idea. That means that this innovative ecosystem for stablecoins has every chance of being in demand by the community, and it has good long-term potential.

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