Because an informed astronaut is a successful one indeed, we would like to highlight and answer a few questions that regularly come up in our astral-bound community.
In addition to being a governance token, Mars is the first defi token to divert the excess hashrate from unstaked tokens and route them to the Mars diamond pool. In order to receive revenue from hashrate, pBTC35A and pETH18C must be staked; traders who would like to speculate on price of pBTC35A and pETH18C, market make, arbitrage etc, have the advantage of liquid tokens, but forfeit their hashrate. Because Mars captures this revenue…
Hope all is well, Marsians!
Ethereum massive network upgrade, the one that everyone is waiting for, is well on its way. The transition from PoW to PoS will mark the end of PoW machines on Ethereum mining. Apparent impact on pETH18C for sure, as its underpinned asic machines (including current pETH18C balance and incrementals) would be useless once ETH 2.0 officially launched.
However for miners, better not skip the time window after EIP-1559 implanted. In this case, we see miner’s ETH earnings dropping 15–20% in the new balance while the potential deflation may trigger much more spike on ETH price.
Bitcoin price surges back to 59k after a lukewarm momentum hovering at 52k. In miner market, team did not see any correction on unit price even when bottom dropped out to 50k. On the contrary, mining rigs quote price continuously rising due to the expectation of tightened supply in coming months.
Bitcoin mining is more friendly for institutions to stepping in by a lot of reasons, such as tangible assets, projected periodical cash flows… Especially when mining machines’ price has been rose slower than bitcoin spot price these days, institutions are likely switching to the laggards. …
Greetings from Mars Team,
Let’s welcome pETH18C in the house!
Mars Project, aiming at building up a hashrate trading platform with best price and depth always. The inclusion of pETH18C would sure enrich protocol matrix and bring incremental value. Users from different geological area and with different purposes, can share the exact same liquidity here.
No private placement and no plan for second batch so far, limited supply on mining rigs especially on those most advanced machines. Soon people will find out that Mars is the only place to acquire hashrate at reasonable price.
* pETH18C unit price…
Hi Mars residents,
The vote to remove 2X MARS rewards from MARS Diamond02 LP (MARS<>BAC LP) and relocate the rewards to BTC Gold01 LP (pBTC35A<>USDT LP) passed overwhelmingly, with unanimous approval:
The proposal [MIP-4] can be viewed at:
The implementation of [MIP-4] went live at 12:00 a.m. (UTC+8) on March 1st, 2021, at which time users of the MARS Diamond02 LP pool have been ceased to receive MARS rewards and that certain portion of MARS rewards have been migrated to the BTC Gold01 LP pool, as proposed. Complementary to the change, the UI of ‘Farming’ page on mars.poolin.fi has…
100,000 more pBTC35a on MARS now, subscribed by parties as follows: Three Arrows Capital, Hashkey Capital, Fenbushi Capital, FBG, IOSG, Ledgeprime and Mindfulness Capital and other individual investors. Both parties agree to lockup private placement amount for at least 30 days (from 11:00am Feb 8th, 2021 to 11:00am Mar 10th, 2021, UTC+8). Shall not, in any form, sell or transfer the Token, and can only deposit in pBTC35A Single Token Pool (BTC Gold01) or LP Pool (BTC Gold01 LP).
Private placement price range set at 97-100USDT from the very beginning, while set at 99USDT by refering uniswap spot price at…
Two more pools debut on Mars Protocol:
1. Single token pool — MARS Diamond03, stake MARS, earn wBTC
2. MARS<>USDT Sushi LP pool — MARS Diamond04 (SLP), stake SLP, earn MARS (4X)
Check it out at https://mars.poolin.fi
On MARS Diamond03, “freelance” wBTC would be distributed from BTC Gold01 (LP) directly at a flexible ratio (for example, now pBTC35A freelance/LP = 2659/26199=10.15%). The ratio would be adjusted every 10 days, while users can claim wBTC reward from Diamond03 anytime.
Besides, team would add “total staked MARS amount” and “wBTC balance in pool” onto the farming page which enables realtime data showing up.
On MARS<>USDT Sushi LP hand, stake SLP gain MARS. Further development of double staking(MARS and SUSHI) is on the way.
Mars team now working on integration with not only Sushiswap and top-tier DeFi protocols, but also on bridging mining&financial institutions into the eco-system.
What pBTC35A offers to users as an innovative standard token
Below lists several photoes of our data center:
First we would like to thank you for the kind support & understanding you have shown us in the last couple of days.
Second, apparently team would not bring more supply in inhouse store anymore.
The Ethereum (ETH) hashrate token may come out when V2 upgrade is done, no firm schedule yet.
Here is the thing, the Mars team aims at building a standardized hashrate platform which can be governed by the community with earnings being distributed to the community as well. While the team would dedicate themselves to act till the full picture has been painted. …
Firstly, glad to announce [Mars-1]proposal has been approved by community.
Opening the book of community governance.
Which means team can proceed on the price pegging upgrade, a fairer mechanism to pBTC35A holders. The price shown in inhouse store will be strictly pegged with the 4h twap on Uniswap continuously, engineering team now working on it and expecting to implement in days. Will update when ready
What’s Mars Project in the end?
pBTC35A, a first batch standardized 1TH/s hashrate backed token, underpinned by physical miners in Sichuan. Output of wBTC only relies on two things: bitcoin daily twap price…