Marsbase, MBase & Vesting NFT
MBase is a multi-chain utility token designed to offer utility within the MarsBase DeFi OTC desk.
Initially, it will be in the BEP-20 format and will later support transactions both on the BSC and Ethereum networks. In the future, we will move to cross-chain and other networks.
The MBASE token can be used for the following purposes:
Get a discount on MarsBase fees
Receive a cashback of up to 10% from transactions and offer discounts
Add liquidity and stake Mbase LP to increase your referral level
Manage your tokens by speeding up or slowing down the vesting period
Get access to the VIP OTC desk, private chats and channels
Pin your OTC deals higher in the offer list to attract more attention
What does the deflationary mechanism provide to the token?
Goal: make the emission of MBase deflationary.
Solution: buyback & burn to create value by reducing the number of coins in circulation, which helps stabilize the value of MBase Token. Some mechanics are marketing and can be started and cancelled.
MBase Buyback & burn
The MBase tokens are sent to a burn address where they can never be retrieved from. However, even though the MBase supply is capped at 6 billion, it is not possible to burn the supply to zero. There will always be MBase tokens on the market.
Vesting MBase NFT transactions fee: 1%
Vesting trading deals fee: 1 - 2,5%
How these commissions are distributed:
Up to 10% convert to BUSD / USDT and distribute proportionally between holders.
Up to 5% convert to MBase-BNB & MBase-Stablecoin LP to add to liquidity on a permanent basis. It increases the price floor continuously.
5% convert to $stablecoins, and send to the buyback wallet. In addition to redemption from the proceeds after which they will burn
This rule does not apply to the OTC trading of MBase tokens on our platform, thus we will stimulate the demand for trading the token on our platform, as well as the growth of the asset price since sales will go through the OTC desk and purchases through the DEX.
Buyback and burning using revenue streams
Every quarter, we will buy back MBase tokens from the market for 5% of the total revenue received from the main sources of income listed above and burn them.
The portion of the platform's revenue used for buyback & burn are:
1. OTC (p2p) trading fees
2. Vesting trading Fees
3. Mars Utility & vesting NFT Sales
4. And up to 2,5% from revenue from other services
Periodic buyback and burning activitie
*Light speed pool
Ultra-fast vesting force investors to buy more Mbase to speed up the unlock of their allocations - thus naturally increasing the price of the Mbase token, the holding period and the number of holders. After cliff, investors can reduce their vesting period by X% by putting in pool MBase and MBase vested NFTs together like a liquidity pool. These tokens are blocked for a long time (within 1-2 years) and become available to the market in small portions along with unlocked MBase
*Buyback OTC offers
It provokes first the redemption of tokens from the ECT and then the subsequent sale of the purchased MBAse into our OTC transaction with a premium(amounts do not exceed 50k USDT).
-25% of the redeemed tokens will be sent for burning.
-25% will be added to the Time machine pool.
-50% will be added to liquidity.
But what exactly will provide the buying pressure?
1️⃣ is the desire of early investors to accelerate vesting.
Assuming that buybacks from the market are tied to a x3+ multiple for early investors, the market will be under intense buying pressure to accelerate the process, e.g. from 36 months to 24 months. At the same time, market tokens will also have to be abandoned.
2️⃣ Access to OTC trading with hot discounts
on tokens or SAFT. Here the token also unlocks access to these and acts as a key to receive a part of the commissions on the Marsbase platform as decided by the DAO.
3️⃣ Increasing referrals through MBase's tokenized stake.
Which gives positive buying pressure.
4️⃣ Token opens access to syndicated otc deals.
Users stake their funds (similar to AAVE) but to redeem otc transactions with the best terms, and then split the resale proceeds.
5️⃣ Savings on OTC commissions - by paying MBase commissions.
This is especially interesting for large sellers and those offering large volumes. And a large seller needs a lot of MBase.
6️⃣ MBase token as an element of e-commerce mechanics
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