Martian DAO describes itself as a community-driven, blockchain-based crypto game that involves the concept of frictionless and high-yield farming. (Yield farming refers to a process of lending tokens to another individual through smart contracts and earning fees in the form of cryptocurrencies.) The goal of the Martian DAO is to grow the Martian community in order to increase the success of the crypto game.
According to the whitepaper, the game project seeks to increase the liquidity of MDAO, the native token of the game, by releasing an exclusive presale every two weeks. This presale is termed "mission" by the Martian DAO team, and these missions are rewarding projects. Martian DAO also aims to undertake the process of buyback and coin burning to raise the liquidity of MDAO. (Coin burning refers to the process of transferring a token to an unusable wallet address. This is done to remove the tokens from circulation permanently, thereby increasing the value of the token.)
In addition, Martian Dao aims to provide the top holders of MDAO tokens to manage a new project directly. Each project deploys tokenomics designed to reward the token holders and add more liquidity. The Martian DAO also aims to include a launchpad and an NFT exchange for the Martian NFTs. The whitepaper states that half of MDAO is paired with BNB, a cryptocurrency that powers the Binance Smart Chain (BSC) ecosystem.
The total supply of MDAO is 1,000,000,000,000,000.