NFTs are the new art, and digital marketplaces are the new art auctioneers. Ever since the arrival of the non-fungible token, many many creatively inclined individuals have made a mark on the digital sphere by offering one-of-a-kind items, mostly existing in the virtual space, up for purchases that collectors have gobbled up at first allowance. By 2020 end, market capitalization of transactions globally involving an NFT stood at over $338 million.
DeFi or decentralized finance is by far the innovation of the century, enabling peer-to-peer payments and limitless access to financial services with very low costs. DeFi also presents unique investment opportunities as part of it being the preferred payment infrastructure for blockchain systems.
Bringing both of these spaces together, is Marsis, a decentralized, DAO-driven, NFT platform that is pioneering NFT evaluations
The project not only evaluates NFTs but also supports an NFT marketplace and NFT fragmentation. Notably, the recent NFT craze caused the average price for non-fungible tokens (NFT) to surge beyond the reach of most enthusiasts. However, fragmentation lowers the entry barriers to owning these unique tokens.
With that said, the Marsis protocol allows for users to vote on NFTs on the platform to determine their market value. In turn, voted NFT can participate in DeFi, with the more votes an NFT receives the stronger its mining capabilities. As such, Marsis integrates NFTs, decentralized finance (DeFi), and DAO.
While Marsis thrives on the ethos that anything can be turned into an NFT. The platform takes it a step further by granting creators the right to trade and vote on the platform. Also, Marsis adds the most voted NFTs to a trending collection that gives the NFTs and creators greater exposure. Increased exposure allows creators the chance to earn more yield farming returns for their rated NFTs.
In addition, Marsis on May 25, 2021, announced that its $SIS token is now listed on PancakeSwap. PancakeSwap is a leading decentralized exchange (DEX) on the Binance Smart Chain (BSC). The DEX is arguably the biggest Automated Market Market on BSC. Of note, BSC offers faster and cheaper transactions than most other Layer 1 platforms, like Ethereum. As such, Marsis will be able to benefit from the network’s efficiencies.
Also, with a PancakeSwap initial dex offering (IDO), Marsis stands to gain added exposure to the crypto community. This is because the DEX is a good launchpad for new crypto projects thanks to its affordable listing and trading fees.
Marsis Updates and Its Features
Recently, they raised a $1 million seed funding via token offering led by Sapling Insight. Other investors that contributed to the funding round were Chain Capital, Redline Capital, Jove Capital, R8 Capital, Kryptos, 7 O’clock Capital, Legendland Capital, SVC, and Chronos Capital.
According to Marsis, the funding will be used to explore its technology and enable Marsis to further capitalize on its position as a pioneering role in NFT evaluation platforms.
Meanwhile, Marsis shall continue to perfect its platform’s features. As of now, there are six distinct features that make Marsis stand out from the market.
Aside from these, there is another feature, the Dual-role. It is a novel feature that shines on the planet. So, by auto-engaging relevant investing-affiliated campaigns, participators are rewarded with tokens.
Here is what the two different roles can do, achieve and earn on Marsis.
What is more, 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. Also, we believe that collective voice speaks for the great. Creators deserve rewards for fantastic success. In other words, users earn with the voted NFT asset.
Ways to Participate in Marsis Staking
Marsis platform has developed triple pool features offering diverse rewarding systems to all stakeholders. Moreover, they are created to offer yields and values to token holders. From these, the dual pool such as Consensus and DEX pool, both offer a pleasing staking experience to all.
When liquidity providers deposit liquidity (SIS/BNB) into a DEX pool, special tokens known as liquidity tokens are minted to the provider’s address. Users can stake SIS-BNB pair tokens to Pancakeswap and obtain LP tokens. Then, they can stake the LP token to Marsis DEX pool for getting SIS rewards. Whenever a trade occurs, a 5% commission is distributed pro-rata to all LPs in the pool at the moment of the trade.
In addition to earning fees, Marsis also allows liquidity providers to choose to sell, transfer, or otherwise use their liquidity tokens in any way they need. Therefore, using this technology, liquidity providers can actually stake the tokens and earn SIS token rewards for doing so. In addition, stake token pairs on PancakeSwap and get LP to farm in Marsis DEX Pool to earn rewards in its native SIS token.
Moreover, the tokens issuance model proceeds with the fixed block generation rate with a given decaying periodic cycle. However, the aggregated rewards account for 28% of the total token supply, making a 28 million SIS as mining supply. Drawing upon one decay cycle lasting for 7 days, the overall reward will be issued in 20 decay cycles with a decaying rate of 8% per period.
The pool consists of a built-in circuit breaker/trading curb, which is estimated in a selected APY rate. The first period is estimated at an APY of 800%, and the subsequent periods multiply by a coefficient of 0.8. The issuance of rewards is released in light of the percentage of NFT consensus votes.
What The Future Looks Like For Marsis
Marsis challenges itself continuously, operating in a dynamic and rapidly growing industry. What it aims to achieve will bring different facets of the blockchain ecosystem and put them at parallels. By creating and evolving a marketplace dedicated to the nurture and growth of NFTs and DeFi, Marsis will soon become the eBay (NASDAQ:EBAY) or the Amazon (NASDAQ:AMZN) of the criss-crossing world of DeFi, DAO, and NFTs. The power of its offering resides in the accessibility users will gain when working with the platform, to not just digital assets and finance, but further features such as lending, fragmentation, and increased NFT possibilities.
A consumer economy tends to teeter back and forth from all-in-one to custom-built solutions for their needs. Marsis in itself will present the unprecedented possibility of a platform that incorporates both, a one-stop platform providing endless unique options.
To End With…
Imagine a marketplace where you pass by thousands of unique, specially-built collector’s items that you can own exclusively. These items can be bought instantly, without the need for a 3rd party platform to validate your transactions or charge you extra for the matter. Imagine that you could vote for your most preferred item to be made available for purchase, and for the marketplace to take your vote and act on it. That is what Marsis is building for you.
Its DAO-driven, decentralized platform for the evaluation, growth, and trade of NFTs is uniquely bringing the world of NFTs closer to each user, enabling them to make the most of the century’s greatest inventions.
This article was first published on coinquora.com
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Source: Cryptocurrency - investing.com
