What is MarsDAO?

MarsDAO (MDAO) is a Web3 community that aims to equip users with educational, infrastructure, and decentralized products with deflationary mechanisms. The community is built around its native MDAO token. MarsDAO's primary mission is to assist individuals in navigating the complex FinTech and Blockchain environment, enabling them to utilize their knowledge and ease their transition into the world of digital assets. MarsDAO aims to provide cryptosphere users with the necessary tools and knowledge, thereby bringing mass adoption closer. The community values flexibility, autonomy, and a high degree of responsibility in its work.

How does MarsDAO work?

MarsDAO operates on a community-driven model, with its native MDAO token at the core. The MDAO token is designed with a deflationary model, which means that the token supply decreases over time. This model is integrated into each product within the MarsDAO ecosystem. MarsDAO products aim to generate transparent outcomes in the cryptocurrency market, facilitate interaction with the rapidly evolving market, and curb inflation with the MDAO token's deflationary model. The community makes all decisions within the MarsDAO ecosystem through a voting process, fostering a decentralized management system.

What are the potential use cases for MarsDAO?

MarsDAO provides a variety of use cases for its users. The MDAO token can be used to earn rewards from staking in partner project tokens, participate in lotteries, and receive compensation from staking tiered NFTs for early project joiners. Additionally, the token can be used in farming pools on decentralized exchanges, participate in liquidity provision, and on the MDAO Maker platform. MarsDAO also provides a range of products within its ecosystem, including Auto.Farm, a contract platform for enhancing farming outcomes, and MDAO Wallet, a platform-based cryptocurrency wallet with extensive features.

What is the history of MarsDAO?

The transition to the community-driven MarsDAO platform began in Q1 2022, with the platform token released on a well-known blockchain network. The MDAO token reached its maximal supply and implemented its deflationary model according to MDAO principles. As of November 2022, the MarsDAO community accounted for more than 17,000 users who understand the principles of Web3 technology and the decentralized finance sector. The community has project development plans, as evidenced by the growth dynamics of the MDAO community and a clear, upscale roadmap. The platform's main contracts have passed security audits at Certik and Paladin, aiming to maintain the integrity of the MarsDAO ecosystem.