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Mars Ecosystem Token profile
Mars Ecosystem Token Profile (XMS)
Rating: Poor
Adventurous Nano Cap
Project Safety Score

Sat, Mar 16, 2024 9:45 AM

 Market Cap $758,870.33
Market Dominance unknown
24hr Volume $418.26
Price $0.000759
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Mars Ecosystem Token

token

BNB Smart Chain (BEP20)

Mars Ecosystem is a new decentralized stablecoin paradigm, it integrates the creation and use of stablecoin into the same system. Mars Ecosystem consists of three parts: Mars Treasury, Mars Stablecoin and Mars DeFi protocols, which together form a positive feedback loop. Mars stablecoin is price-stable, capital-efficient, scalable and decentralized. The goal of Mars Ecosystem is to build the central bank and reserve currency of the DeFi world. Mars Ecosystem has the following unique innovations: -Treasury assets classification mechanism -Mintage control mechanism -Anti-"bank run" mechanism -The integration of DeFi protocols and stablecoin into the same system

  • whitepaper not submitted
Website
Team
  • team not submitted
  • Bnb Chain Ecosystem
  • BNB
  • BNB Smart Chain (BEP20)
  • no features
Trading View Chart
Mars Ecosystem Token Exchanges
Mars Ecosystem Token Explorers
XMS
Community Ratings Mars Ecosystem Token XMS

3/5

(4 reviews)
Ratings and reviews left by our members do not impact the profile score.
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DO

Don 2 years ago

This project started out as a legitimate defi project. Their main feature were very high APRs in their staking pools and yield pools. That went on with some ups and down in APR for the first three months starting in September 2021. By November I actually believed this project was legit since Binance had given it additional funding. They then started their USDm stablecoin minting and I joined in the second genesis minting where you lock in your XMS token for 10 days with an equivalent x3 value to your BUSD. Well I did that thinking their APRs on USDM stake and farm pools were impressive. After the Genesis the XMS price suddenly began to dump, TVL and Marketcap plummeted. Us investors could do nothing to sell our tokens because they were locked. Their USDm stablecoin was also not so stable at all. XMS token went down 90% in december from a high of $1.25 to now at $0.09 and APRs are down a lot too. This project was nothing more than a money grab and slow rug pull. Beware!!!
1 0
 
HA

hasanb1986@gmail.com 2 years ago

it is not a scam, just read their whitepaper and look at audits. this defi protocol is just new and they will become better and better. if you want to find there whitepaper go to their site and click on Docs.
0 1
 
BR

Bryned33 2 years ago

Extreme high fees for harvesting. They justify that its because of their development complexity... Constant high APR without any justification how it can continue. Most of their articles just put their high APR and security forward. The french community claimed working on a AMA that never happened or telling contradictory informations like partnership with Autofarm on french Telegram and that there are no partnership on the global Telegram. You can find AMA report that give all the same answers i could find : https://bscarmy.com/telegram-ama-recap-mars-ecosystem/. The question about the team only talk about 1 person that only have a firstname. The question about how can the APR is so high is not even answered.... Its not just by staking that it can be kept that high. It just says thats its amazing and no more.
1 0
 
AL

Allarmen 2 years ago

There is indeed a white paper. Everything is transparent. The platform benefits from 3 certified audits including Certik. I don't think this is a scam.
1 2
 
Showing records 1 - 4 of 4 ratings

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Member Signals

3/5

(4 reviews)
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Mars Ecosystem Token Github

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Mars Ecosystem Token News

  • BSC Updates | Web3 Ecosystem Acquires Funding from BSC ...

    Mon, Feb 14, 2022 9:56 AM

    ...

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  • BSC Updates | EnergyPad Launch On BSC | Jan Week 2

    Sat, Jan 8, 2022 5:13 AM

    ...

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  • Top DeFi Updates | SecretSwap Fiat On-ramp Launch | Dec ...

    Sun, Jan 2, 2022 3:25 PM

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  • Bu 10 DeFi Altcoin Projesine Dikkat: İşte Büyük Gelişmeler!

    Sun, Jan 2, 2022 3:25 PM

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  • MARS Ecosystem IDO Launchpad Starts December 29th

    Tue, Dec 28, 2021 10:09 AM

    ...

    read more...
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