Guidance for the first Ethereum-based, decentralized standardized hashrate protocol
Mars Project combines standardized hashrate product and liquidity mining together, packing POW mining into an on-chain protocol.
It provides a consistent POW mining output which could be acutely calculated in the very beginning, offering an edge for users on mining stability. No more complicated variables on daily mining from now on.
On the other hand, MARS token would be distributed to users in this project. Earning reward from staking and liquidity providing (LP), shorten the distance of DeFi to Bitcoin community.
What is Mars Project
The protocol consists of pBTC35A tokens and MARS token. Each pBTC35A token represents 1TH/s hashrate with pre-determined power ratio, mining rigs would be in Poolin Superhashrate’s custody during life cycle. While net profit on wBTC would be distributed per block.
In the first batch, Poolin Superhashrate would provide 50,000 pBTC35A (approximately 50PH/s) tokens for Bitcoin (output with wBTC) mining in this protocol and lock up more than 50PH/s machines physically. Two ways to obtain pBTC35A tokens, inhouse store or Uniswap (token address: 0xA8b12Cc90AbF65191532a12bb5394A714A46d358). ETH and other POW mining tokens coming soon but no firm schedule yet.
Alongside the pBTC35A, Mars Project will unlock its governance token, MARS (2.1bn MARS in total, linear released from Jan 1st, 2021 to 31th, Dec 2024), distribute to the community as a reward for staking and liquidity providing.
Below we list parameters that you may concern on mining:
Electricity fee rate: $0.0583/kWh
Mining pool fee rate (FPPS): 2.50%
Power ratio: 35W/T
How Mars Project works
To participate Mars Project, purchase pBTC35A token from inhouse store (Basic KYC needed) or Uniswap, then carry pBTC35A to BTC Gold01 or BTC Gold01(LP) to realize POW mining and gain reward. Either way can get same on wBTC while different on MARS tokens. Check the annual MARS distribution chart below.
BTC Gold01 (requires pBTC35A)
Step 1: Stake pBTC35A in the BTC Gold01 to earn wBTC and MARS (11.11% of total unlock amount, pro rata distribution)
BTC Gold01(LP) (requires both pBTC35A and USDT)
Step 1: Purchase pBTC35A and equivalent value USDT.
Step 2: Provide liquidity to pBTC35A <> USDT pair on Uniswap V2. The bottom of the page attaches a LINK redirecting you to the liquidity providing page, allowing for easy participation.
Step 3: After providing liquidity through Uniswap, go back to the pool page and approve pBTC35A <> USDT-UNI-LP v2 to deposit LP tokens and then earn wBTC and MARS (44.44% of total unlock amount, pro rata distribution)
MARS Diamond (requires both MARS and USDT)
Step 1: Purchase MARS and equivalent value USDT.
Step 2: Provide liquidity to MARS <> USDT pair on Uniswap V2. The bottom of the page attaches a LINK redirecting you to the liquidity providing page, allowing for easy participation.
Step 3: After providing liquidity through Uniswap, go back to the pool page and approve MARS <> USDT-UNI-LP v2 to deposit LP tokens and then earn MARS (44% of total unlock amount, pro rata distribution)
Genesis MARS Distribution
2.1 billion MARS tokens will be released over four years period. 75% of the total offering will be sent to users, 20% will be distributed to Mars Project team for maintenance and further issuing of pBTC35A tokens. The remaining 5% will be allocated to sustain the Mars Foundation.
Users are automatically granted the right to participate in governance from the moment they receive MARS. As a contributor to the community, they can submit proposals to the Mars DeFi POW protocol, including, but not be limited to, profit allocations, rate adjustments, and other matters of interest to the protocol and the community.
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pBTC35A token uniswap link:
MARS token uniswap link:
Liquidity providing pages:
pBTC35A <> USDT-UNI-LP v2 https://app.uniswap.org/#/add/0xA8b12Cc90AbF65191532a12bb5394A714A46d358/0xdAC17F958D2ee523a2206206994597C13D831ec7