Mars Ecosystem Genesis 1 Stablecoin Mint Hits 3X Over

Stablecoins blasts in from outta this world and is now giving users gains near to 4,000% APY!

By
Kyle Heise
on
November 23, 2021
Category:
BSC News

Powerful Mars Ecosystem Genesis Event 

The Mars Ecosystem successfully launched their Genesis 1 Stablecoin, USDM. The mint process, which started on Nov. 21 at 13:00 UTC, hit the cap within 19 minutes. 

The successful launch and integration of the USDM coin is a major milestone for the Mars Ecosystem. The mint showed the hype behind USDM as the final mint commitment was over 16 Million BUSD, over 3x the mint cap. Mars Ecosystem has rewarded participants with APYs juiced to nearly 4,000%.

“A huge shout-out to all the participants of ‘Genesis Event 1,” read the Mars Ecosystem Medium recap. “ It is truly magnificent, and we hope for the same success in the coming up ‘Geneses Event 2’.
Source | Mars Ecosystem Genesis Events

A winner of the Binance MVBIII – September Monthly Stars, Mars Ecosystem has been building a name for itself on this planet and Binance Smart Chain. There will be Genesis for 30 days, and the purpose of the Genesis events is to boost the USDm mint and to distribute XMS, BTC, ETH, BNB, CAKE to the early supporters of USDm for free. The second Genesis event has not been announced. 


What is Mars Ecosystem

Mars Ecosystem is a top stablecoin DeFi ecosystem that successfully raised $2 million in seed funding. The protocol employs a new decentralized Stablecoin paradigm, which solves the fundamental problem of Stablecoin Protocols (The Positive Externality Problem) by internalizing the positive externality: it integrates the creation and the use of stablecoin into one ecosystem. Mars Ecosystem’s smart contracts are audited by: Certik and SlowMist. The protocol also offers a Bug Bounty with Immunefi.

Where to find more about Mars Ecosystem:

Website | Twitter | Medium |

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in Ethererum, Cake, and BSC GameFi projects.

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