The MDAO Token. We continue our introduction of the MarsDAO ecosystem to new users.
27 Apr 2023, 10:44
❤️ The MDAO Token
We continue our introduction of the MarsDAO ecosystem to new users.
Today we'll talk about the MDAO token, which is the link between many products and the core of the entire ecosystem.
MDAO is a utility community token that is used across all ecosystem products.
At the moment:
⚡️The number of MDAO holders is already more than 20,900
⚡️Trading volume — $1,582,352
⚡️Market capitalization — $21,198,018
What makes MDAO special is that it has reached full emission, and a deflationary model has been launched as part of its tokenomics. MDAO is burned under the "hood" of the ecosystem's developed products every minute.
🔥 To date, 3,409,497.558 MDAOs have already been "burned."
Due to reaching full supply in January 2022, MDAO cannot be minted, but can be purchased on the market or obtained through MarsDAO ecosystem products.
Other uses of MDAO:
🟠MDAO can be used in pharming pools on DEX exchanges as soon as they become available. MarsDAO representatives inform users about the appearance of pools in chats and community channels.
🟠MDAO can be used to provide liquidity on decentralized exchanges.
🟠MDAO can be used on the IWO platform MDAO Maker.
🟠The MarsDAO ecosystem is enriched with new products, where the MDAO token plays an important role. For example, new utility functions will appear in the game CosmicFOMO.
MDAO is traded on the following exchanges:
🐰 PancakeSwap
📈 Bitget
📈 ByBit
🐶 Gate.io
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