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DeFi
XMS Price
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Mars Ecosystem is a new decentralized stablecoin paradigm, it integrates the creation and use of stablecoin into the same system
Market Cap
$ 502.02K
FDV
$ 753.86K
ATH Market Cap
$ 313.71M
24 Trade Vol.
$ 632.27
Vol. (24h) / MCap
0.00126
Max Supply
XMS 1,000,000,000
Total Supply
XMS 1,000,000,000
Circulating Supply
XMS 665.93M
(66.6% of Max Supply)
Listing Date
7 Jul 2021
All Time High
$ 1.38
9 Nov 2021
All Time Low
$ 0.0000248
21 Jun 2022
From ATH
From ATL
The Mars Ecosystem is a decentralized and scalable paradigm. Its overarching goal is to build the central bank and reserve currency of the DeFi world. It aims to integrate the Mars stablecoin into this process and solve the problem of stablecoin production and maintenance being incurred by users.
The Mars Ecosystem Token is a core part of the platform and is essential to the relationship between the Mars Stablecoin and the Mars DeFi platform by creating a positive feedback loop.
The ecosystem comprises three core parts. These are the Mars Treasury, Mars Stablecoin, and the Mars DeFi protocols.
The Mars Treasury is responsible for taking care of the distribution of and sourcing the Mars Stablecoin (USDm) and the Mars Ecosystem Token (XMS), which is needed for platform governance. USDm is both generated and destroyed through the treasury’s minting and redemption mechanism.
Mars Stablecoin (USDM) is designed to remain pegged to the value of the USD and stable thanks to the infrastructure of the Mars Ecosystem combined with users’ market behavior. Arbitrage is a large part of this process. In the case where USDm falls below 1 U.S. dollar in value, arbitrageurs can buy USDm in the open market and then redeem it in the Mars Treasury for 1$ worth of XMS.
The ecosystem also has the Mars Swap and the Mars StableSwap. The Mars Swap operates as an AMM, similar to that of Uniswap. In order to incentive liquidity, those who supply it are rewarded through various rewards programs.
As mentioned, the XMS Token is crucial in the operation of the platform. It plays a role in platform governance and is also needed in order to stabilize the Mars Stablecoin. As such, XMS liquidity needs to remain at relatively high levels. In order to achieve this, the Mars Ecosystem deploys several mechanisms. This includes a specifically designed mintage control mechanism.
Additionally, in order to encourage liquidity providers and retrain the value flow of XMS, a part of the transaction fees collected from Mars DeFi protocols are assigned to liquidity providers and to the protocol itself.
XMS is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Pancake Swap and MEXC Global. The price of XMS will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for XMS market price, please view the price charts on this page.
Mars Ecosystem Token's current price is $ 0.000754, it has increased +9.43% over the past 24 hours.
Mars Ecosystem Token's All Time High (ATH) of $ 1.38 was reached on 9 Nov 2021, and is currently -99.9% down.
The current circulating supply of Mars Ecosystem Token is 665.93 Million tokens, and the maximum supply of Mars Ecosystem Token is 1.00 Billion.
Mars Ecosystem Token’s 24 hour trading volume is $ 632.28.
Mars Ecosystem Token's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 502.02 Thousands.
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