BlockTalks x MARS4 AMA Transcript!
We recently hosted an AMA with MARS4, on September 8th at 2.00 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Paul, CMO & Caroline, Executive Assistant of COO at MARS4. So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks!
Q1. Could you please introduce Mars4 to our community in layman’s term?
Ans — Mars4 — centered ecosystem where you can explore a virtual Mars Metaverse, own and customize your land property and even reap the rewards of the world’s first revenue-generating NFT!
Mars4 is a unique metaverse with a virtual reality component. The Mars4 project’s development team has modeled their detailed 3D map of Mars’ terrain after NASA’s Mars data. Think of it as Mars’ equivalent of the 2001 Google Earth 3D map. In this virtual world on Mars, users purchase plots of land that they can later navigate, build upon and monetize.
Q2. What are the advantages of Mars4 to other alternatives in the Blockchain field?
Ans — Our unique competitive advantage lies in a few aspects: Mars4 has a yield generating system that ensures each transaction of MARS$ Tokens (Mars Dollars) within our world redistributes tokens to the NFT holders so they earn a passive income just from holding. If they do wish to sell, they will be able to sell their income generating NFTs on all the main marketplaces like Rarible and Open Sea. We will also allow them to customise and Terraform their Mars Land NFT territory and as the Decentraland gamification/simulation elemanes evolve they will be able to earn additional income ebay subletting and renting out their Mars Land holdings to builders, architects, business owners and artists, facilitating a thriving in world economy.
Q3. What are the major milestones Mars4 achieved so far & what are in the future pipeline?
Ans — Mars4 is already finishing its Private Sale of Mars Land NFTs and is launching its Initial DEX Offering (IDO) on SushiSwap’s MISO Launchpad on September 15. To be whitelisted for tokens, you can participate in a private NFT sale till September 10.
In 2021 Q4 our steps include the auction for Olympus Hill Super Rare NF.
In 2022 we will work with partners and scale our own team to provide an even better experience of Mars4.me. Create features similar to Google street view, enable customise & personalise landholdings with in-game assets (to be able by landlords to create Events, build NFT Galleries on Mars, launch businesses, use tools to populate land). What is more, we will also be looking for multi-blockchain support.
Questions Asked on Twitter For MARS4 Team!
Q1. Really why should I buy one or more NFT lands on Mars4 instead of buying lands on other blockchain games that offer huge profits for those lands? Could it be that with Mars4 I will be able to obtain many more passive and active rewards than in its competitors?
Ans — MARS$ tokens will play a key role in the metaverse’s transaction processes. Each time users perform a transaction, the Mars4 NFT holders will earn yield. The project’s protocols will reward NFT owners for holding their units.
NFT holder incentives will grow as the metaverse’s transactions increase. The project has a yield calculator on its website that projects NFT income from Mars4 land ownership. It follows then that owning a plot of land on Mars could be one of the most lucrative ventures in DeFi as demand for unique NFTs rises.
This reward pool aspect makes Mars4 a potent DeFi platform. Its yield generating protocols allocate a share of earnings from token purchases and other sales to NFT holders. Mars4 NFTs are therefore an excellent long-term investment prospect and are available on Rarible and OpenSea.
Terraforming the land will increase its value. Owners will be able to purchase additional value-enhancing avatars, certificates, and logos from its in-game assets feature.
And that is not all! In some of the lots, Martians will be able to find hidden resources, such as copper and more. In this way some of the NFTs will become more valuable than others!
Q2. The main objective of the Mars4 project is to allow humanity to explore Mars virtually. What are the fundamental elements that Mars4 has that will allow the exploration of Mars in a Virtual way? How did they recreate Mars in 3D?
Ans — Mars4 is a unique metaverse with a virtual reality component. The Mars4 project’s development team has modeled detailed 3D map of Mars’ terrain after NASA’s Mars data. Think of it as Mars’ equivalent of the 2001 Google Earth 3D map.
Interactive Mars terrain 3D world is subdivided into plots. Each Mars4 NFT is a digital representation of these plots. These NFTs will earn yield via the project’s liquidity mining feature.
Mars4 has 99,888 unique and rare Real Estate NFTs that symbolize Mars’ rovers landing sites and its most popular geographical features.
The ability for a person to use Google Streetview is a goal for the Mars4 project. At the moment we have a virtual representation of Mars that each of you can explore! Find it here: https://app.mars4.me/.
The following step that we want to implement is “Streetview”, like it is on Google Maps. People then could “walk” on the surface of Mars and imagine themselves being Martians!
Q3. How would you make the Mars4 successful in the long term, say 5 years from now? Metaverse is on fire and will be, but also difficult for you to stay users in this project in the long term. How would you do that?
Ans — The Metaverse sector is exploding in popularity with several high quality Blockchain projects like Decentraland and Sandbox going from strength to strength and even traditional technology companies like Facebook seeking to get involved. We believe Mars4 has captured the imagination of people around the world and our thousands of individual buyers of Mars Land are excited to participate in our science fiction flavoured virtual experience.
Our unique competitive advantage lies in a few aspects: Mars4 has a yield generating system that ensures each transaction of MARS$ Tokens (Mars Dollars) within our world redistributes tokens to the NFT holders so they earn a passive income just from holding. We will also allow them to customise and Terraform their Mars Land NFT territory and as the Decentraland gamification/simulation elemanes evolve they will be able to earn additional income ebay subletting and renting out their Mars Land holdings to builders, architects, business owners and artists, facilitating a thriving in world economy.
One other unique feature of the Mars4 project is its decentralized autonomous organization (DAO). Mars4 NFT holders will become part of its governance community. Consequently, they will have a say on decisions such as auctions, policy updates, and contracts.
The Mars4 project has a deep community focus that will play a key role in its success and longevity. Mars4 NFT prices will vary as per the parcel of land’s uniqueness and scarcity factor.
Q4. MARS4me is auctioning its 99,888 Land Plots for its Mars Metaverse. What is the advantages and benefit of purchasing and owning a Land slot? What are its use-cases and can I sell it too in the future?
Ans — As our Mars Land are traditional NTF tokens they can be traded on any market place just like a normal NFT. Moreover, we believe that the yield we have built into them (passive income) that transfers to the new owner makes them even more attractive.
The next stage will be renting / leasing and subleasing, then splitting and subdividing so you can sell off smaller parcels of your land as new, separate NFTs to new owners
For the future, MARS4 visualises terraforming features that refer to initially developing and enhancing the land with space stations, oxygen production facilities, greenhouses to grow food and everything else you can imagine as Mars becomes more liveable.
As the works progresses we expect settlements to grow into towns and communities (eventually cities!) with self contained economies , inter region trade , financial services , entertainment, art and cultural facilities, space and science academies.
You can imagine a Decentraland on Mars, but with a decidedly sci-fi theme … and a real highly liquid economy from day 1 due to the income from the land that’s build into our tokenomics. With land scarce and valuable you can imagine that conflict and political rivalries will spice things up!
MarsLand owners will have complete freedom to conduct all economic activity like subletting and renting out their land to builders, architects, creators and artists for example. The only condition is that all rent and payment within our Metaverse use MARS$ (Mars dollars).
Q5. 4% of Metaverse transactions is redistributed: 2% to NFT holders and 2% to liquidity. But with such a big supply of 4 billions of tokens, do you have a burning mechanism? What are your strategies to ensure the stability and price increase of $MARS?
Ans — As it is written in the Mars4 light paper, there are 4 billion MARS$ tokens. The MARS$ token is deflationary and part of its supply will be burned to mint the platform’s 99,888 NFTs.
Everything after each redistribution of Mars$ transaction fees will be locked for 1h so circulating supply will decrease.
Questions Asked by our BlockTalks Community Members during live Session to MARS4 Team!!
Q1. Marketing strategy is very important. A product can be established on the market without marketing and promotion, Whatever it is good. So What are your plans for this?
Ans — While MARS4 gets so much attention and was bombarded in first months with customers and orders it seems that marketing is not that needed. HOWEVER, we are concentrating on the worldwide market and we want to be known in every corner of the World. Thus, MARS4 takes GLOBAL marketing strategy starting with worldwide influencers, publications such as Bitcoin.com or Cointelegraph and AMAs all around the Globe! We already have entered to markets of Japan, China, Russia, Poland and Vietnam and many more are yet to come. With each of the community we speak their native languages and share the latest news.
Q2. What is the competitive advantage of the #MARS4 project? and is the competitive advantage of #MARS4 projects not owned by other projects? Can you tell me?
Ans — Mars4 contains a lot of benefits that other projects lack. As Paul already mentioned, our competitive advantage lies in yield generating system ensurig redistribution of each MARS$ transaction so that NFT holders could earn a passive income!
One other unique feature of the Mars4 project is its decentralized autonomous organization (DAO). Mars4 NFT holders will become part of its governance community. Consequently, they will have a say on decisions such as auctions, policy updates, and contracts.
The Mars4 project has a deep community focus that will play a key role in its success and longevity. Mars4 NFT prices will vary as per the parcel of land’s uniqueness and scarcity factor.
Q3. Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project
Ans — We are always adding new communities, there is Vietnam, China, Japan, Russian communities already with active moderators. Now creating South Korea community
Q4. I could read that the PUBLIC SALE will be from 2021–09–15, but where will that sale really start? will it only be in Dex? or will they also launch it in exchange Cex?
Ans — Thank you for your question! As Paul already mentioned Mars4 is launching its Initial DEX Offering (IDO) on SushiSwap’s MISO Launchpad on September 15. To be whitelisted for tokens, you can participate in a private Mas Land NFT sale till September 10.
After that our tokens will be available on Gate.io exchange!
Q5. How old is the MARS project? can you tell us the background of your project, team and investors?
Ans — Mars4 idea is nearly one year old. The team is really with lots of experience in various fields. — you can check team in http://mars4.me, and all our investors in Private sale page
Q6. While you build your project, do you take into account community feedbacks and demand ? While you build your project, do you take into account community feedbacks and demand ???
Ans — We definitely do! Community is the center of MARS4 attention, therefore we manage lots of Telegram groups and other social media platforms to meet the standards of all!
To give you an example of the case, when we took into account the ideas and discussions of our customers, we implemented new feature on our explore site. (https://app.mars4.me/) Our technician team implemented ability to see which lots are taken and which are still available. We also did it with reservations, whenever a person reserves a lot for 24 hours it shows it in yellow.
Q7. What Real life problem does MARS4 hope to proffer solution to, that other projects are not capable of providing solution to How sure are you about this project success. ?
Ans — Excellent question! There are few problems that our project is tackling:
1. Not many people will be able to explore Mars in reality, therefore, we want to make them able to explore it virtually.
2. We are creating an innovation as existing NFTs are not generating yield at the moment.
3. Space startups at early stages have little support, thus, created foundation will fill this gap.
Q8. As I see in the Mars4 website, you plan to bring Gamification feature to Mars4. I am a gamer and I would like to know what kind of a game will it be. Competitive for gamers or easy to play for everybody? Do you plan to add Play&Earn to the game of Mars4?
Ans — The game scenario and gameplay is in deep discussions. It will be announced very soon via our channels. Yes, P2E game
Q9. After fully launching the trading of Mars4’s NFT lands, could you tell us what will you focus on? Will it be to develop an ecosystem with multiple uses for that land and other DeFi products?
Ans — After Private Sale of Mars Land NFTs, Mars4 focuses on launching its Initial DEX Offering (IDO) on SushiSwap’s MISO Launchpad on September 15. To be whitelisted for tokens, you can participate in a private NFT sale till September 10.
Later on, in 2021 Q4 our steps include the auction for Olympus Hill Super Rare NF.
In 2022 we will work with partners and scale our own team to provide an even better experience of Mars4.me.
Q10. As you say on your website, your goal is to make MARS4 a DAO for NFT owners to control governance decisions. But how exactly are you going to accomplish that? How will you structure the DAO to ensure a flowing functioning?
Ans — The team is exploring transitioning the decision making process for the Mars4 Metaverse to a DAO after the public launch and once the game is finished. The Mars Land NFTs would become a governance token and become a democracy of the land owners, meaning the more land you have, the greater stake you have in the direction and development of the virtual world.
Q11. Where can I buy your tokens now, what are your current contracts and how can I buy them and what are the benefits
Ans — You will be able to buy on MISO launchpad and Gate.io from September 15th. You can also be whitelisted for tokens if you get at least one Mars Land NFT before Sep 10th.
You can find our current contracts here: https://www.mars4.me/instructions
MARS$ tokens will play a key role in the metaverse’s transaction processes. Each time users perform a transaction, the Mars4 NFT holders will earn a yield. The project’s protocols will reward NFT owners for holding their units.
To increase the value of the land owners will be able to terraform their lots. They will be able to purchase additional value-enhancing avatars, certificates, and logos from its in-game assets feature.
Q12. Security is the most important thing to consider when wanting to start a project, how safe is this project for users and investors?
Ans — Yes, we totally agree that security is most important nowadays when there are such huge numbers of scams. What we do is always encourage customers to trust only our official sites that we share on our website.
Technically the system has been designed to be safe and secure, and we are spending all the necessary resources in order to ensure that the system matches the highest security standards. We are using a combination of variuos techniques like proxy contracts, separation of concers, access control etc. We are also looking into new and promising protocols like Lossless.
Q13. Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?
Ans — Our security is world class and we follow all best in class procedures. Moreover our smart contract will be audited by Quantstamp who are the best in the industry and even audit huge DeFi projects like Synthetics.
