Most Decentralized finance (DeFi) platforms rely on decentralized autonomous organizations (DAO) for functional, effective operations and decision-making. Through the governance method of giving stakeholders a say in the ecosystem’s operations, growth, and direction, DAOs help foster a truly decentralized approach toward stability and transparency in crypto transactions. One of the rising DeFi DAO projects is MarsDAO, and this article seeks to inform users all about this burgeoning platform.

What is MarsDAO?

MarsDAO is a web3-based user community focused on educational, decentralized products structured on its deflationary token- MDAO. It boasts of a transparent, flexible, and autonomous ecosystem. MarsDAO’s primary goal is to generate transparent profits, achieve necessary fundraising for startups, facilitate interaction with the constantly developing cryptocurrency market, and mitigate inflation through MDAO’s tokenomics. Launched in the first quarter of 2022, MarsDAO was created on the operating principle of decentralized autonomous organizations (DAO) to achieve more effective operations and better decision-making.

MarsDAO’s mission is to assist users in navigating the volatility and fast-paced nature of the fintech and blockchain environments, monetizing their knowledge while heralding the mass adoption of digital assets.

History of MarsDAO

The platform started in early 2022 and was originally launched on BNB Chain (formerly Binance Smart Chain). Roman Pishchulov, Vladislav Utushkin, and Alexander Politayko created it. The user count has since grown to 150,000 active users as of April 2023, and it will soon be available on many other crypto networks.

How does MarsDAO Work?

MarsDAO runs on the Binance Smart Chain and its native token (MDAO) on a deflationary model, with tokens constantly burned as they are used in the ecosystem’s products.

MarsDAO uses smart contracts to automate its staking program. Users can stake their MDAO tokens by locking them up in a smart contract, and the rewards are automatically distributed based on the proportion of tokens staked.

MarsDAO also uses a deflationary model to reduce the total supply of MDAO tokens over time. This is achieved using a smart contract that automatically burns a portion of the MDAO tokens used for governance and staking. The burning process reduces the total supply of MDAO tokens in circulation, seeking to increase value for MDAO token holders.

Features of MarsDAO: Auto.farm, Telegram Wallet, MDAO Maker and MDAO Lifestyle

The MarsDAO ecosystem enjoys four innovative features that make it an attractive platform for cryptocurrency investors and users. These include Auto.farm, MDAO Telegram Wallet, the MDAO Maker, and MDAO Lifestyle.

Auto.farm

Auto.farm is a smart contract re-staking DApp that helps boost a user’s income significantly through automated re-staking mechanisms on popular farming tools in the BNB Chain network. This smart contract also harvests rewards automatically. The rewards gained are then split, with 50% converted into liquidity provider (LP) tokens of the pool and 40% used to acquire MDAO tokens from the exchange, which will be sent to users as rewards. The 10% left of MDAO tokens gained will then be burned to support the deflationary model.

Telegram Wallet

MarsDAO also features a wallet bot (essentially a wallet) on Telegram, with over 30 thousand users and containing several features. Users can store, exchange, buy, and sell through liquidity pools on decentralized exchanges.

Users can also use the wallet to participate in MDAO airdrop events, design subscription content, and access current asset rates in the app. 50% of the commission fees charged are used to buy MDAO tokens and burn them, helping to increase the value of the remaining tokens.

MDAO Maker

MDAO Maker is an online Initial Wallet Offering (IWO) platform that enables users to buy project allocations during seed rounds. Users can explore and participate in projects on the MDAO Maker website. However, users must have 1,000 MDAO tokens or higher to subscribe and participate in these projects. A user’s MDAO balance determines the number of tickets they receive. Users with winning tickets can then purchase project allocations, after which tokens will be distributed based on vesting dates or lockup conditions.

The MDAO Maker uses a blockchain-based system that allows its users to invest their assets in startup crypto projects, ensuring a fairer distribution of tokens. This helps the blockchain provide more transparency by meticulously tracking the distribution of tokens, where previously only venture capitalists and institutional investors could do so.

The MDAO Maker allows even individuals to invest in a prospective project at lower prices before it gets released publicly and prices increase. This standard of distribution of tokens also ensures crypto projects against price drops due to pumping and dumping schemes, usually attributed to “crypto whales.” However, to subscribe and participate in the IWO process, you must own a minimum of 1,000 tokens and hold your MDAO in the telegram wallet.

MDAO Lifestyle

With MDAO lifestyle, users can use promo codes to acquire discounts and rewards for using the ecosystem and partner products. To get these coupons, users should simply connect their wallets, keep some MDAO in their wallet until a specified date, participate in the coupon draw and claim their coupon/promo code.

What makes MarsDAO Unique?

The MarsDAO platform comes with several advantages. One such unique benefit is its quick development. Despite a recent launch, MarsDAO has created up to 20 products. Also, with MarsDAO, experienced users can find promising crypto and buy their tokens at a discounted price. Other distinctive benefits of investing in MarsDAO include the following:

Tier NFT Staking

Users holding tiered NFTs can participate in tiered NFT staking for more MDAO tokens. However, the minimum amount a user can stake depends on the NFT tier. Depending on the level, users can stake 500 tokens for 15 days or up to 75,000 tokens for 180 days.

Convenience for startups

Listing a project in MDAO maker is a convenient process for any team since they can easily list their project on the launchpad so long as they meet the entry requirements and share part of the allocations with the launchpad users.

Additionally, users can obtain their tokens almost instantly. Interest tokens are available for instant trading and rarely require a lockout (or waiting) period.

What is the MDAO Token?

The MDAO token is MarsDAO’s community token and is an ERC-20 token. As a utility token, it grants its holders access to MarsDAO ecosystem products like Auto.farm and MDAO Maker. It has a total supply of about 100 million and a current circulating supply of over 71 million tokens. There are currently over 22 thousand MDAO token holders.

MDAO has a range of uses, some of which include:

• Users can stake MDAO tokens and earn rewards through partner project tokens. A key benefit of staking MDAO is the absence of a deposit lockup period. Users can withdraw their MDAO deposits at any time to use in other products, swap, or even sell.
• MDAO tokens provide liquidity in decentralized exchanges.
• MDAO can be used in farm pools on DEX platforms as soon as they become available. MarsDAO representatives would inform users in their community channels about the emergence of pools.
• The MDAO token can be used on the IWO platform- MDAO Maker.

MDAO Tokenomics

The maximum supply of MDAO is up to 100 million tokens, and it will be distributed through the following methods:

• 5% would be allocated to a limited number of users at private sales without a lockup or blocking period for the tokens.
• White list participants would receive another 5%, although tokens awarded to all white list participants were not to be sent to wallets but staked instantly.
• Early project supporters, including those who assisted its development and provided information support, were eligible for about 15% of the Community Rounds fund.
• Up to 55% of the total supply of MDAO was allocated for staking events.
• Another 5% of the max supply was set aside for the team, and 2% was allocated for marketing purposes.
• 3% and 10% of the total supply went into the system’s reserve fund and exchange liquidities.

News on MarsDAO

In February 2023, The MarsDAO ecosystem announced that its native token MDAO was listed on the Bybit crypto exchange platform, resulting from a 24-hour online voting period. The MDAO token emerged as the undisputed voting winner with up to 33 million votes in favor, a new record for Bybit’s platform.

The MDAO token was then listed on Gate.io’s crypto exchange, with a daily trade volume of over $754,000, thus enabling MDAO with a huge opportunity to grow and gather exposure.

Celebrating this major milestone for the MarsDAO ecosystem, founder and visioner of MarsDAO, Vladislav Utushkin, stated, “We are thrilled with the overwhelming response from our community and would like to thank all of them for their unwavering support in making MarsDAO’s journey to Bybit a reality.” He also noted that the listing was a testament to the growing interest in decentralized solutions and the potential for digital assets to revolutionize the financial landscape.

Is MarsDAO a Good Investment?

The Web3 community aims to rally decentralized enthusiasts around a project to help them get the most out of blockchain technology. MarsDAO is an innovative project set to bring its educational products and infrastructure to herald a new era to the cryptocurrency ecosystem. However, due to the market’s high volatility, users are advised to conduct extensive research and consult with financial professionals before investing in MarsDAO.

Take Action on MDAO

MDAO is available for purchase from decentralized and centralized exchange platforms such as Gate.io. Take a look at the MDAO price here and start trading your favorite currency pairs.

• USDT/MDAO