Topic: [ANN] MARS - pBTC35A, pETH18C [1TH/s BTC & 1MH/s ETH hashrate token] (Read 422 times)

we have no idea why it was delisted, ask MXC.

Are you an admin for the project in the forum?
Not FUD because I believe in the project and the choice of the partner buy Why was the coin delisted from MXC?
why has there not being a replacement to the CEX?

Poolin has suspended payments of BTC and Ethereum for users who have blocked hashrate tokens in the Mars protocol. https://marsproject.medium.com/notice-of-re-allocating-mars-machines-1c321b4e9b44
This happened after the orders of the authorities of Xinjiang and Sichuan to stop cryptocurrency mining operations. After that, the price of pBTC35A and pETH18C fell by almost 27%

we have more pETH18C & pBTC35A available!

Clubhouse Call Takeaways:
•  Alejandro took call from Costa Rica.  Needs to be outside of EU for a couple weeks in order to come to USA for June BTC conference where he is a speaker.  Plus July Mining conference. (Could be alpha there?)
•  Mining equipment is impossible to find right now, it does not exist.  Demand is through the roof.  Given constraints in the market it will take time to procure new equipment and no imminent plans to release more pBTC/pETH tokens.
•  Target for Mars is Retail + Institutional, have 3ac backing, Hashkey, Febushi, IOSG etc.  These are big VC players.
•  Mars wBTC diamond rewards come from unstaked pBTC/pETH tokens.  Mars itself is a hashrate token.
•  Defi hashpower loans and more interesting use cases, definitely in the cards.
•  Went over Poolin history, expertise.  A bit about mining industry.  Poolin took a leap and ‘courage’ to make Mars project happen, it is a focus for Poolin that they are quite serious about. 
•  After Alejandro jumped off; talked risk, there is geopolitical risk.  Large concentration of rigs in China.  For example coal mine explosion – miners were ordered to shut off.
•  DAO:  Right now Poolin is steering project more than DAO, this is a typical and even recommended approach in early lifecycle of a project (see REN Chaosnet etc).  Future potential is there for Mars to branch off.
•  Partnerships, could proposition “a Badger or similar defi project” with long term view to include pBTC35a as collateral.  Already done with Basis cash but we saw short term farm and dump there.
•  Hashrate token narrative: Mars is the first and one of only a few players.

Poolin Wallet supports staking and purchasing of both token pBTC35A & pETH18C. Click on ETH Platinum01 to purchase pETH18C or click on BTC Gold01 to purchase pBTC35A. Once purchased, you can then earn wBTC and MARS when you stake in the appropriate pool.

Download the Poolin Wallet here: Poolin.fi

Read more about our wallet features and services here: https://medium.com/poolin/blockin-custodial-wallet-with-savings-and-loan-features-471f7d0e77bf

Mars Project team calculated theoretical APY for MARS token holder and it should be about 82.29%. But how did you calculate this number?

Don't see any updates lately from this project, a little bit strange. I think to get more users involved team should do more effort here

You can purchase pbtc35a in the poolin wallet (poolin.fi) and stake all without fees.

They can run promotional campaign in the forum if they want to reach out more users. Sometimes, the campaign here is really helping as some people don't really know that this project exists in the first place. With hundreds of active projects, it is hard to see them one by one. It needs advertising to be noticed here. Uniswap is not a good trading platform anymore. The fees are killing a lot of small time traders.

Very undervalued project compared with BTCST. pBTC35A offers the highest BTC reward.  

Best is to download Poolin wallet and send some USDT there to purchase pBTC35A. Inside this wallet you can stake and the daily reward is send directly to your spot wallet.
Another option is to get it from Uniswap, but then you'd have higher ETH fees.

If you have questions you could reach them in Telegram: https://t.me/marsproject1

https://cryptomode.com/poolin-combines-bitcoin-mining-with-defi-yield-farming/

As I understand Mars project now focusing on inter-protocols merging and vault developing. Would be interesting to see the results

As I see Mars has some important partnership signings which was done already. I think it is big part of each project success

100,000 more pBTC35a on MARS now, subscribed by parties as follows: Three Arrows Capital, Hashkey Capital, Fenbushi Capital, FBG, IOSG, Ledgeprime and Mindfulness Capital and other individual investors. Both parties agree to lockup private placement amount for at least 30 days (from 11:00am Feb 8th, 2021 to 11:00am Mar 10th, 2021, UTC+8). Shall not, in any form, sell or transfer the Token, and can only deposit in pBTC35A Single Token Pool (BTC Gold01) or LP Pool (BTC Gold01 LP).

Private placement price range set at 97-100USDT from the very beginning, while set at 99USDT by refering uniswap spot price at 108.76USDT at 11:30am Feb 8th, 2021 (UTC+8). Discount given to institutions by liquidity lockup for 30 days.
By doing this, hashrate token value doubled on MARS project. Not to mention all private placement investors clearly state that they would hold for long term and would heavily participating on liquidity providing (LP).

Newly issued token would not dilute any current holders’ equity, 1TH/s is 1TH/s, as we are saying all the time. pBTC series and incoming pETH series would be the ‘manufacturing’ tokens, the more standadized hashrate based on Mars platform the better liquidity we will have, and more users and investors coming in. Mars users would sure stand to benefit from that.

No more concrete private placement plan for now. Next focus on inter-protocols merging and vault developing.
Finally, welcome all institutional investors above, they are the tier 1 and would definately help bringing Mars project to a broader field.
Go Mars!

Staking gives wBTC and MARS.

You can also buy or sell your MARS.

Very promising project! When can we expect listing to some bigger exchanges? pBTC35A needs exposure and is very undervalued. BTCST is less, but much higher valued.

So all governance tokens MARS will be distributed to the community as a reward for staking and liquidity providing?

So Mars Project will unlock its governance token MARS to distribute it to the community as a reward for staking and liquidity providing. It will lasts from Jan 1st 2021 to 31st Dec 2024, pretty long period

I think from the technical point of view this project looks very attractive to users as the idea and realisation was made very clever

Big plus as for me with pBTC35A tokens is that cheaper electriciy price in China which is accessible immediately. Thet's why project team is so proud of their data center

This is a serious question: do you have a dumb version of your explanation? Because I find it extremely hard to understand your concept, even after going back and forth between your site's pages. The "the protocol consists of pBTC35A tokens and MARS tokens" seems rather non-descriptive, and I'm saying this from the perspective of non-technical human. Perhaps we can start from the simple version of the use case and the benefits of your token

Mars is red rouge we like it

1/20/21: 1 pBTC35A = 0.00000514 wBTC/day

What is Mars Project? The protocol consists of pBTC35A tokens and MARS tokens.

What is Mars Project?Mars project consists of three tokens, namely hashrate tokens pBTC35A, pETH18C and governance token MARS. Each pBTC35A represents 1TH/s Bitcoin mining power while one pETH18C is collateralized by 1MH/s Ethereum mining power. Operation and maintenance service is provided by Poolin Superhashrate Center. Yields will be distributed via corresponding pools, on chain

Staking: Stake pBTC35A or pETH18C to harvest wBTC, ETH and MARS

Liquidity Providing: Add liquidity to Uniswap pairs to acquire LP tokens, stake LP tokens to harvest wBTC, ETH and MARS

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Media:
https://www.theblockcrypto.com/post/90847/poolin-bitcoin-hashrate-token-pow-defi

https://www.theblockcrypto.com/linked/99171/poolin-ethereum-eth-hash-rate-peth18c

https://news.bitcoin.com/proof-of-work-and-yield-farming-binance-and-poolin-launch-tokens-backed-by-bitcoin-hashrate/

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