Hey Martians ! It’s fantastic to see the enthusiasm and passion many of you contribute to MC. During the last AMA call I was inspired by your energy! I believe that together we can make this world a better place.
Lets talk about the MC economy and the opportunities that are presented for everyone within our framework. Below, I’ll describe each Epoch of progress and the potential that it brings.
The first epoch was when 21,000 NFT pieces were claimed by MC members. It was interesting that the secondary market was kickstarted right after the initial claiming was over.
During the second epoch, those 21,000 NFT plots will generate 144,800,000 CLNY tokens, which will be distributed according to the defined economic model. 49% of the supply will be held directly by NFT Landlords and 51% indirectly by NFT landlords and CLNY holders via treasury.
During the first two epochs, we should achieve a balanced power distribution within our Colony.
(the data is updating)
Let’s say 100% of CLNY is distributed, what’s next? In Epoch 3, we’ll launch an entire DeFi ecosystem within our Colony. Here are highlights on how will it work, and how CLNY tokens will be utilized:
A DEX is one of the simplest products that can utilize a huge supply of CLNY. The MC DEX will be the most efficient DEX in its category:
- Focus only on top trading tokens (ONE, USDC, ETH, etc)
- Every pair in the DEX will be against CLNY (ONE <> CLNY, USDC <> CLNY, ETH <> CLNY, etc)
- Focused farming will lead to the most efficient pools, best rates, and least slippage
- Cross-pool routing will utilize capital more efficiently and generate a 2x fee for liquidity providers (For example: we have two pairs, ETH <> CLNY & USDC <> CLNY. If you trade ETH <> USDC, from the user side you don’t feel any difference as it was a direct pool, but the backend side executes 2 TXs - ETH → CLNY → USDC)
- For the initial stage, we aim to accumulate $100M in liquidity pools, where 100% of CLNY will be minted by landlords
- Liquidity providers will be able to earn trading fee + farming allocated to each pair
A stablecoin is the next big thing we would like to build. For the MC stablecoin, we are going to utilize the DEXs LP tokens as collateral, as that will give all liquidity providers higher mobility for their assets (it will be earning the fee + farming in DEX pools and at the same time you will have stablecoins that you can user for other needs).
The MC Stablecoin economic model will be released when all development around the MC DEX is finished.
The MC Stablecoin will be an additional incentive for LP to bring more funds to the MC DEX.
Technically speaking, MC Lending is Colony’s neo-bank. It’s a place where you will be able to have savings for your stablecoins or get a loan against NFT land, LP, CLNY, or other tokens.
Releasing all these products will utilize most of the CLNY in circulation and theoretically could make a CLNY deficit, which should lead to higher market stability compared to overall crypto market volatility.
Important note: This is not the final list of products, but it’s a base layer that will create a foundation for a complete DeFi ecosystem within MarsColony. I am always open to ideas for new products that can be built within our ecosystem.
There will come a time when each colony will have a complete DeFi ecosystem native to their planet. This will lead to a self-sustaining economy on every blockchain, which is why we refer to MC as a blockchain colonization model.
The locked value in LP and the DEX can be also utilized for instant cross-chain transactions (see synapse protocol). This initiative will make MarsColony a blockchain infrastructure project, and it will be the first step for cross-colony economic communication.
Once NFTs are distributed and a basic DeFi framework is settled within the Colony, the next stage is the creation of the MC DAO and organizing on-chain governance processes.
By tokenomic design, 51% of minted CLNY tokens are allocated to liquidity mining and treasury funds. When on-chain governance is released, we will be able to manage those funds in a decentralized way that could utilize elements of a direct democracy.
Technically, those funds should be used in ways that make MC Colony stronger economically, technically, and functionally. The treasury will fund development, growth, and community initiatives. Further, the treasury can be used to invest in other projects that will speed up Mars colonization.
MarsColony is a repeatable framework, a set of economic rules for blockchain and metaverse existence. Those rules will be packed together in a “Settler box” that will be deployed on other blockchains.
Both technically and economically, all those Colonies will grow and evolve independently, though cross-communication is possible and beneficial. The success of each colony will be mostly dependent on its participants, their contribution, and level of their organization. Think of them like united but independent decentralized nations.
Important note: Setting up a “Settler box” on one blockchain will not affect a Colony on another blockchain. Colonies will not compete with each other, most likely the opposite.
For example, when MC is more complete on the Harmony chain as a DeFi infrastructure, it will compete with Sushiswap, and the stablecoins and lending platforms built on the same chain. Likewise MC on Polygon will be a DeFi alternative to Sushiswap, Uniswap, and so on. MC Harmony + MC Polygon will be an alternative of SynapseProtocol, Anybridge, or other cross-chain infrastructures.
This is why I am bullish on the multichain potential of the Mars Colony framework
This is an overview of what we original colonist-builders are focusing on. We’re not worried about how it functions in traditional crypto markets, rather we know that economically and mathematically it’s a great framework to create a new breed of decentralized metaverse communities, with full transparency, direct democracy, and economic freedom, all based on an explorer’s spirit.
In an ideal world, one epoch should occur right after another, but in practice some of them will develop in parallel.
If you want to contribute to any stage, any epoch of this plan, or would like to suggest improvements for this plan, please do not hesitate to leave your comment below this post.