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Marsis x Satoshi CLUB AMA Session 07 Jun 2021

PART 1. Introduction of Marsis project and community questions.

Hello, Satoshi clubbers and guests of this site. Let’s talk today about hybrid blockchain solutions.

Marsis is a unique platform that combines NFTs, DeFi, and DAO concepts. It is a decentralized platform where anyone can launch NFTs and stake tokens for rewards.

The plan of AMA session:

  1. Part — Introduction and preselected questions.
  2. Part — Live questions
  3. The Quiz about TradeStars

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club — @Satoshi_club

Paul Mont | Satoshi Club — @Ballantines87on

The Representative of the project:

Hippojessieeeee — @Hippojessieeatjacketpotato — senior content editor of the project

Friedrich — @FriedrichLVZX

Introduction of Marsis project.

Mary | Satoshi club:

Hello, Satoshi club! We are happy to announce our ama session with Marsis! Welcome to Satoshi club

Paul mont | Satoshi club:

Today’s guests are @friedrichlvzx and @hippojessieeatjacketpotato! Welcome!

Hippojessieeeee:

Hi there everyone

Mary | Satoshi club:

Hello, welcome here

How’s going?

Hippojessieeeee:

This is jess, am happy to be here to do the sharing

Paul mont | Satoshi club:

Welcome Jess, it’s great to have you here

Hippojessieeeee:

So, feel free to drop me questions

Mary | Satoshi club:

Let’s start with intro, jess

Hippojessieeeee:

Like a personal intro?

Mary | Satoshi club:

Please introduce yourself to our community and of course, tell us more about Marsis

Your position at Marsis, anything you want and ready to share with us

Paul mont | Satoshi club:

And your past experiences & background and also how did Marsis come to life

Hippojessieeeee:

Well, this is jess speaking, I am the senior content editor of the project

, so basically I’m responsible for drafting the papers, transforming our mechanism and rules into the readable language!

Mary | Satoshi club:

Wow, it’s an interesting job, but you have to be attentive to details

Hippojessieeeee:

As for Marsis, our project has targeted itself to become a pioneering, decentralized NFT fragmentation + evaluation platform.

Mary | Satoshi club:

Nfts is our passion

Hippojessieeeee:

I know it’s a pretty long name, but we do have our voting protocol and the consensus pool

Paul mont | Satoshi club:

Yes, I personally also love anything sci-fi haha

I must tell you that I honestly love the logo design! So why did you choose the name Marsis for the project?

Hippojessieeeee:

Which you might read it on our v1 lightpaper. Hhhh great that nice to hear. So basically, you can see it as mar is …? It’s an open question, gives room to the public to have a second thought. Like a metaphor, we applied it in the NFT space

Paul mont | Satoshi club:

Brilliant and creative, it sounds great!

Mary | Satoshi club:

I think you decided to miss moon and go directly to the mars

Hippojessieeeee:

Apparently, it’s still in the early developing age, many more new features and possibilities might come after

Friedrich:

Yes, that’s true

Mary | Satoshi club:

Hello, Friedrich! Welcome here

Friedrich:

Sorry for being late. I’m Friedrich, community manager of Marsis.

Paul mont | Satoshi club:

Welcome, @friedrichlvzx to Satoshi club!

Hippojessieeeee:

So, you guys can either see us as a space station or the mars in the NFT space, whatever you like.

Friedrich:

It’s my pleasure to be here with you today.

Mary | Satoshi club:

How young is Marsis project?

Ours as well!

Paul mont | Satoshi club:

@friedrichlvzx would you like to share a bit of your background as well? How did you get be involved with crypto and Marsis?

Friedrich:

Sure, I worked for several blockchain projects before and I’m the ambassador of Hyperion. I’ve been involved in this field for 5 years. I really love the idea of “everything can be NFT-ish”. That’s one of the reasons that I chose to join Marsis.

We’re still in an early stage. The project started in late March.

Mary | Satoshi club:

But you are developing fast, so… Mars is on the way

Thank you for your great intro, guys! Are you ready to go to the questions from our community?

Friedrich:

Yes, we’re pushing it fast. Yes, please go ahead.

Preselected questions about the Marsis DeFi project.

Paul mont | Satoshi club:

Q1 from telegram user @jonahapagu

Marsis is building an NFT evaluation platform, where using its voting protocol users can take proactive moves in NFT evaluation by scoring /rating their most loved NFT asset… how is this voting protocol a more rational and efficient price discovery mechanism than other sales models and auctions being used in other platforms, and how does this protocol prevent situations where users with multiple wallets will be able to significantly affect voting decisions.

Hippojessieeeee:

Any updates? Or my connect went off?

Mary | Satoshi club:

Seems so, as we already posted question

Paul mont | Satoshi club:

But! You’re back with us again, ready and in time to tackle our community questions

Hippojessieeeee:

Hi john, thanks for bringing this question. Yes, we do aware that there are NFT platforms with their unique auction models. The thing is, when it comes to auctions, usually the items are selected by the auction house, or selected by a group of ‘expertise. And being as users, yes, you may decide to place a bid on those listed items, but only if they are selected. However, on Marsis vote home, you might vote for what you think has potential at the very beginning

Mary | Satoshi club:

So, voting doesn’t affect the prices, only items which will be selected?

Hippojessieeeee:

Ultimately, the consensual decisions will decide which few have the highest market value, then users can go to trade or buy fractionalized pieces later on. Our point is, there won’t be centralized bodies to intervene, or to decide which a few should be traded, or deserve what price, the collective vote speak for that

Friedrich:

Let me explain the last part. It’s ok to use multiple wallets to vote for a NFT item but it costs a lot. There is a commission when very vote staking activates, which means the evil-doer has to pay a lot to affect the price.

Mary | Satoshi club:

Got it, nice system! Pure decentralization

Paul mont | Satoshi club:

To be clear, there’s a commission fee for voting, right? So where’s the incentive for a voter to join in the Marsis voting protocol?

Hippojessieeeee:

Well, it might not in the very beginning, but as the consensual vote keeps adding up and proven its value to the market, ultimately it will reflect back to the NFT asset

Paul mont | Satoshi club:

And also, who will be able to join in and participate in the Marsis voting protocol?

Hippojessieeeee:

Let me get to this part. Yes, a 15% of the commission will be deducted from every vote you place. But, it doesn’t goes wasted. Plus, the other 85% will arrive to a self-generated pool, what we called the consensus pool.

Friedrich:

Yes, becoming a valid voter, they can enhance yield farming returns through those heavily-voted NFT items.

Hippojessieeeee:

When you are doing certain activities on the platform, part of the reward comes from there. Well literally everyone can be part of it. As a user/ investor NFT asset holder, NFT creator

Paul mont | Satoshi club:

Well-thought-out, your explanations seem very logical, fair and the approach is original, even unique! In a word, brilliant

Let’s flesh out more details with the next community question, shall we?

Q2 from telegram user @cryptofollower

On Marsis, any listed or staked NFT asset goes through 4 stages. The initial stage, rapid growth stage, growing matured stage and dynamic stability stage. Can you explain what are these stages for? How does staking an NFT as an asset works? Also can every NFT be used for yield farming on the platform or are there any standards for NFT’s to be accepted?

Hippojessieeeee:

Cool

So, to answer the very last part of the question first, not all NFT are valid until they are voted. In other words, they got recognized by the market, even it’s just one vote, one person are in favor of this item. And yes, all sort of NFT are welcome onboard, so if you are good enough, you will find your value here one day. But we don’t have a say in that, we shall let the collective voices to make the decision

Paul mont | Satoshi club:

Will you set a minimum voting threshold (e.g., the minimum number of votes) to be reached for an NFT to be recognized as valid/accepted?

Hippojessieeeee:

And coming back to the 4 stages. Well, it’s not as complicated as it sounds actually. When our team first brainstorming the idea, we have the idea of the voting protocol. It will only be applicable if it makes sense. Indeed, you can’t really expect the value of your asset goes 100000 times higher once you place it on the Marsis marketplace. Sometime will be needed until someone gives you the first few votes. That’s how the initial stage work. Then, if the NFT asset is indeed having great potential and looks good to the market, it will receive a lot more vote at some point

Remember as I mentioned earlier, the voted NFT is eligible for farming activities. So, the higher the vote, the better it can farm.

Mary | Satoshi club:

Easy

when farming will go live?

Paul mont | Satoshi club:

Crystal clear, thank you for the in-depth answers jess!

Hippojessieeeee:

After some time when the hype is getting stable, the asset might also find its place on the market. And that’s what we hoping to do, do help build up a market-level reference

Friedrich:

It will be available on 15 and also there will be a token swap. New rules will be released on our twitter. Please stay tune.

Hippojessieeeee:

Let me double-check with my colleague, if I am correct, it will go live in around 10 -15 days.

Mary | Satoshi club:

Wow! Almost here

Paul mont | Satoshi club:

It’s just around the corner

Mary | Satoshi club:

Thank you for your answers, guys! Ready to jump to the next question?

Hippojessieeeee:

Yup

Paul mont | Satoshi club:

Q3 from telegram user @antoni_azx

Nft fragmentation is an option that is scaling the investment market with NFTs, according to your docs this is an effective solution to improve liquidity NFTs, you can explain to us how the fractionalization of NFTs works in your ecosystem and how users can improve their transactions and make them more efficient?

Hippojessieeeee:

Hi Antoni, yes you are right about fragmentation is a smart way to scale the investment market with NFTs. As you are aware, the inadequate circulation of asset and the exorbitant prices becomes the obstacles that hinder the ecological development of NFT and ending put off relevant interests and investments.

Mary | Satoshi club:

How it will work? Do you have any guides on how users can use this feature?

Hippojessieeeee:

We are allowing fractionalized technology with our voting protocol. We thought it would be nice to giving the fragmented opportunities to the creators, or the buyout owners. Because their creations/assest enjoys high collective votes, which have somewhat proven its market value, they might leverage the chance to break it down to a limited amount of erc20 tokens, so that other users can trade to accelerate the circulation

Mary | Satoshi club:

Gotcha!

Thank you for your answers! Do you want to add something or we can go to the next question?

Hippojessieeeee:

Did I answer your doubts? Nope , please go ahead

Mary | Satoshi club:

Sure

Paul mont | Satoshi club:

Thank you for your clear answer!

Q4 from telegram user @victorogb

As indicated in the Marsis official light paper, Marsis will develop and enable a multi mainstream blockchain ecosystem, which will permit a flawless cross-chain and interoperability flow of assets among several ecosystems. Some of the ecosystems to be supported includes; BSC, Ethereum, HECO and more. As much as these activities will encourage trading and increase the adoption and use of Marsis protocols, it might also incur certain unwanted fees. Therefore, how would Marsis handle the issues of cross-chain transaction fees arising from such, and aside the listed chains of BSC, Ethereum, and heco, what other possible chains does Marsis look to onboard, and what sort of assets are transferable among these chains?

Hippojessieeeee:

Hi victor, cross-chain will definitely be something we will go after when all of our features goes live. We believe cross-chain will brings great convenience and accessibility to all. Different chains will have their own features and advantages by exposing our project to all of them, we see more exposures. From user’s perspective, they are free to choose where to undertake the activities. And it’s their call to decide which might be the best for them

Mary | Satoshi club:

When this feature will be available? Btw, do you have roadmap to share with our community?

Hippojessieeeee:

we have a rather short-term roadmap; let me pull this out for you. We don’t have this out for now for the cross-chain feature, but once we are ready for this, there will be an announcement!

Friedrich:

For more updates, please follow our Twitter

Paul mont | Satoshi club:

We will follow your updates and announcements closely!

Mary | Satoshi club:

Ready for the next question, guys?

Hippojessieeeee:

Great, Friedrich will send out the chat later

Paul mont | Satoshi club:

Thank you!

Question 5 incoming!

Q5 from telegram user @ajpaa

Dividend pool, NFT consensus votes pool and dex pool are the trinal-pools mechanism developed by Marsis platform, they are designed to provide yields and values to tokens holders, and users are free to choose pool to tap from. So, can a single user provide liquidity for the three pools? What is the uniqueness of each of these pools? What are the criteria to participate in each of the pools and what yields, and values does the pools provide to tokens holders? Thank you.

Hippojessieeeee:

Hi Alpha, that’s another great question and it might take some time to answer. So first, we have to apologize for the changes we’ve made recently. The dex pool is gone, instead, some of the commission will go to Pancakeswap for adding liquidity for the token pair.

Yes, a single user might tap in two pools at the same time if he/she happens to do some relevant activities. If you vote, you are eligible for cp pool mining.; if you are also making a transaction, then the dividend pool has something to do with you

Mary | Satoshi club:

Nft consensus pool will be available on your platform?

Hippojessieeeee:

Yes, but not yet

Mary | Satoshi club:

Gotcha! Thank you for your answers! Ready for the 6th and last question from this part?

Hippojessieeeee:

Yup

Paul mont | Satoshi club:

Q6 from telegram user @nadee5

“Users don’t have to trade to earn tokens. On Marsis, we host and display anything that can be thought of, hold value, and be stored digitally.” I found this statement from an article about Marsis and I am really interested to know, if there’s no need to trade to earn tokens, what are the possible ways to earn tokens with Marsis? How can user earn as a $sis token holder? And what are the use cases of $sis within Marsis?

Hippojessieeeee:

Hi nadee, thanks for the interest!! Yes, I will say that it’s one of the usp of our project. Remember I mentioned earlier? That everyone can vote and all valid NFT asset can farm. So, if you are the creator or owner of these genius pieces, and you decided to list on the vote home which received lots of votes. They will auto-enter the consensus pool and generate rewards.

Friedrich:

Well, there are ways to earn our token. One way I’m gonna share with you is the 5-minute tick reward. Every token transaction activates a 10% of commission, 3% is burnt, 3% is automatically added to liquidity and 4% is the tick reward. 2 share the reward, one for 3% and another for 1%. It’s randomly chosen but if you trade more, you are more likely to get the reward.

Hippojessieeeee:

Reward distribution system: the NFT returns for effective mining will be allocated pro-rata as below: NFT creator (5%); NFT asset holder (10%); NFT consensus contributors (85%); among the allocation, the returns incurred by consensus votes will split in proportion to the contributors’ holdings.

This is how we usually split the rewards. You ma

Mary | Satoshi club:

Thank you for your answers! Guys! The live part is almost here!

Paul mont | Satoshi club:

Ingenious

Time to interact with our community members

Mary | Satoshi club:

Ready for it?

Friedrich:

Yes, please

Mary | Satoshi club:

Let’s go

PART 2.Questions about the Marsis project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Marsis crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q — 1 from a telegram user @topind7

There are lot of good network chains that you can choose to build your platform, why go for BSC among them, any benefits of this Network?

Hippojessieeeee:

Hi Femi, we do aware there are several other chains for development. The reason we go BSC is that: 1. It’s reliable (regarding their recent performance ) 2; it charges a little fee which is very ideal for us and for all of the users; 3. Its quick 4It bring great exposure for the project

Q — 2 from a telegram user @slla1112

You wrote that there is no IDO and that you will use the IDO share for the reward program. Why didn’t you need an IDO?

Friedrich:

It was due to our unique tokenomics. In previous rules, there was a token clearing system, which means you have to buy 1% in 24 hours otherwise your holding share will be burnt 2% as punishment. If we did launch an IDO, how many token buyers would read our rules before they purchased our token? What if they found out their tokens were burnt because they didn’t fully understand our rules about it? So to avoid it, we choose to removed such a system after our voting pool launches and after a token swap. After the token swap, the new ticker of our token is Marsis, which is easier to remember. Please follow our Twitter to connect with us.

Q — 3 from a telegram user @nitrogenpower

It there are commission fees for voting for NFT’s why should people vote for them? Why would anyone spend money to vote? Any benefits?

Hippojessieeeee:

Hi Nitro, as I mentioned earlier in the session, your effort won’t go wasted. We hope the public can see the contribution in 2 ways: 1. Yes, it has financial rewards, among the 15% deducted commission, some go to the dividend pool, which will eventually arrive in the hands of users, some goes burning to add values to the token. 2. you are here to help to build consensual standards for the NFT market, you are doing good.

Q — 4 from a telegram user @ronaldo_super

How do you choose which people will get the reward on the transaction after a transaction is made?

Friedrich:

Hey Ronald, it’s a good question. As I mentioned, the winners are chose randomly according to the transaction amount. The bigger, the more likely the receivers would get the reward. If you buy 10K Marsis from the exchange, you’re more likely to get it than those who only purchase only 100 but if there’s also an address that is buying 10K, then you have equal chance with him to get the rewards.

Q — 5 from a telegram user deleted

Copied

Friedrich:

Hey Jonah, we have to admit that it’s a bug in our rules for tick rewards. The bots stole the rewards and sold them all out when they collected 1000 SIS and for that, we changed our rule about it and the token swap will solve those issues. As the winners are randomly chosen, there’s no way for bots to stole rewards from our traders.

Q — 6 from a telegram user @Ashia_24

What are the advantages of joining your community? And, as a member of the community, what kind of contribution will you need to help the project development and success?

Hippojessieeeee:

Hi Ashi, our community is quite open and is in the early stage. We hope there will be voters to make sincere votes on the listed NFT assets, eventually form the evaluation standard. We welcome authentic feedback and love to hear different voices. many of your idea will be taking in.

Q — 7 from a telegram user @nadee5

With Marsis users can choose who they want to be .There is another novel feature,that shines on the planet , the Dual-role. SPACEWALKER ,RESIDENT or GUEST are these two roles which help user to earn. On Marsis, users don’t have to worry about being famous or not with these roles.

. Can you please introduce us to these two main roles?How do they work? What are the requirements to become such a role? How do they help to earn within Marsis?

Hippojessieeeee:

Hi NDee, I think it’s more fun to name them differently but simply put, they share equal ideas as users, asset holders and creators. Being general users, you can walk around the NFT Marketplace and Vote home, vote or trade your top-pick; to become qualified creators, simply register, follow the instruction, upload your asset and list your creations on the market

Q — 8 from a telegram user @cryptonation2

Have you done any sales and fundraised? do you have any partnership and the strategic partnership announced ? how will you continue the marketing campaign?

Friedrich:

We only had several private sales. As our tokenomics was unique, we could not launch an IDO but we do establish partnerships with some famous communities. To expand our presence, we will launch an ambassador program and a series of airdrop and bounty campaigns. If you’re KOL in your current region, please feel free to apply for an ambassador in your region.

Q — 9 from a telegram user @Eminet001

I want to stay updated with Marsis

Can you drop all your links to your social media platforms where I can follow you?

Hippojessieeeee:

Sure, please follow us via our telegram and Twitter account:

https://t.me/MarsisNFT

Q -10 from a telegram user @树 哥

我现在持有的sis将来将要如何兑换

Friedrich:

Hey, more details will be announced on our Twitter. Please stay tune.

Part 3 — Quiz about project

In the final part, we tested the knowledge in terms of the Marsis project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details:

English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website

Our Crypto Partner by this AMA: Marsis

Telegram group | Medium | Tweeter | Website

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