AMM is an exchange in and of itself, allowing users to trade digital assets against liquidity pools and track the results. This is more like a dividend-paying stock or a bond than a typical exchange, where the order book connects buyers and sellers and profits are earned only by selling assets. Users lend their digital assets to a liquidity pool in AMM and earn liquidity tokens in exchange, which may be staked for more digital assets.
RushMars (RMARS) is a decentralized exchange with a deflationary governance token architecture that is the next generation of Automated Market Making (AMM). They are your go-to yield farm, with various tools that let you earn tokens on Binance Smart Chain and Pancakeswap exchanges.
What is AMM (Automated Market Maker)?
The decentralized finance (DeFi) ecosystem includes automated market makers (AMMs). They use liquidity pools instead of just a conventional market of buyers and sellers to enable digital assets to be exchanged in a permissionless and automated manner. AMM users contribute crypto tokens to liquidity pools, whose values are set by a mathematical formula. Liquidity pools are proven to be an essential tool in the DeFi ecosystem since they may be adjusted for various reasons.
RushMars (RMARS) Features:
Security
● Timelock added to contract at launch: Before starting the contract, Timelock was introduced to MasterChef. RMARS-BUSD LP added after RMARS-BNB transfer of ownership tx.
● Removed migrator code: Their MasterChef contract has deleted the migration code. You may check the Github or BscScan contract code. (inherited from Pancake swap).
● Emergency Withdraw: If anything like a DDOS assault or a brief outage happens at the RushMars site, farmers may still withdraw their tokens directly using the MasterChef contract. Call the emergency Withdraw function on the farm or pool id shown below to remove your staked tokens.
● Diffchecker: The MarsChefv2 pantherswap contract was forked. The difference between the two contracts may be checked. However, no difference in function is only called change.
● Audit: 1. Solidity.Finance (submitted) 2.CertiK (coming)
Burning Mechanism
They've built a continual burning mechanism to keep APACHE at a constant high level. Specifically:
● Every transfer will be subject to a 5% tax levy.
● The RMARS-BNB liquidity pool will be automatically sent through the contract for 2,5% of the tax fee.
● The remaining 2,5% of the tax charge will be burnt right away.
● They're working on adding unique RushMars NFTs as another way to burn RMARS and keep the price high.
Tokenomics
● Token Name: RushMars
● Token Symbol: RMARS
● Contract Address: 0xcc9a0be2c3069da1d7d361aa15e8f4664f007c95
● Chain: Binance Smart Chain (BEP20)
● Max Supply: Unlimited, linear bonding curve
Binance Smart Chain in Brief
Binance Smart Chain (BSC) is a blockchain that operates concurrently with the Binance Chain. However, unlike Binance Chain, BSC has smart contract capability and is Ethereum Virtual Machine compatible (EVM). The objective was to maintain Binance Chain's high throughput while incorporating smart contracts into its ecosystem.
Initial Rush Offerings On RushMars
On RushMars, an IRO stands for an Initial Rush Offering. IROs give you first access to new RushMars tokens as quickly as feasible. You can get better prices if you're one of the first to get a new token.
● RushMars Launch on rushmoon. Finance via IRO sale.
● RushMars Pricing; 1 BNB = 1000 RMARS on IRO Sale
● PancakeSwap Listing; 1 BNB = 850 RMARS
● The BNB collected from the IRO sale will be distributed as follows; %50 of all collected BNB will add to the MARS-BNB liquidity pool and be locked forever on RushMars Contract.
● 50% Development Fund, Marketing, Major Exchange Listing (Hotbit, Kucoin, Bilaxy etc.)
The goal is to develop a perpetual deflation token, the RMARS, with a continuous burn mechanism, similar to the current wave of second-generation yield farms, to produce an environment that can maintain long-term profits with continuously high APR for more significant revenues.
Official Links For More Information;
Website: https://rushmars.finance
Twitter: https://twitter.com/RushMarsBSC
Telegram: https://t.me/rushmarsofficial
Github: https://github.com/RushMars
Creator,
BitcoinTalk username : jorina_006
Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5342659.msg57317639#msg57317639
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2171158
BEP-20 Wallet Address: 0xe2fDd295E95D81649D336d707C0191D5464d08C9