What Is MarsRise (MARSRISE)?

MarsRise (MARSRISE) is a deflationary token with an automatic liquidity pool growth, thereby rewarding the holder of the token through transaction taxation. The platform, also known as MarsRise, aims to bring a community together on the mission to Mars. The platform seeks to make conventional financial principles more untrusted, decentralized, and automated. Furthermore, the platform aims to keep user information and data privately and confidentially accessible to MARS.

As per the whitepaper, MARSRISE is a DeFi token working as a decentralized token generated by individuals. The platform serves as evidence of liquidity token, which does not allow for unforeseen surges and maintains high stability.

The whitepaper further says that the token is on the Binance Smart Chain (BSC). Binance Smart Chain is a blockchain network built for running smart contract-based applications. Additionally, the token aims to offer three critical advantages to users. 

• MONETARY POLICY SMART CONTRACT

When reserve demand diminishes, the digital currency of an interest-bearing central banking system transfers political interest rates to the rest of the economy. The currency seeks to offer a lot of monetary anonymity while also permitting intermediate transactions. MARSRISE is an active and forward-looking money-policy contract in the field of cryptography.

• ANTI-WHALING SYSTEM

Sometimes whales have more power on the market; thus, the MARSRISE token inserted an anti-whale system to stop that. The system aims to contain whales from bulk trading waves and, in this case, protects MARSRISE tokens from dumping.

• ANTI-DUMPING SYSTEM

A dump is a manipulation method that people or an entity collect and artificially raise the price of a crypto asset by disseminating disinformation. The token aims to provide an anti-dumping system, a tax structure for fewer trades to prevent volatility and dumping.

Finally, the platform's objective is to enable developers to construct decentralized apps and empower consumers to manage their digital assets across a low latency and high-capacity chain.

History of MarsRise

The platform came into existence in 2021 with market research and analysis and infrastructure in Q3 of 2021. Furthermore, the team executed token creation and verification in Q3 of 2021, and in Q4 of 2021, wallet tracker and mars community colony were planned.