New ecosystem partner: MarsDAO
Unlockd, the protocol that allows you to maximize the return on your NFTs with an NFT-backed instant loan holder perks, is thrilled to announce its new partnership with MarsDAO, a multifunctional decentralized platform designed for the use of crypto tools, which operates based on on a DAO principle, on its native MDAO token.
The main goal and mission of MarsDAO is to help people navigate the demanding FinTech and Blockchain environment, monetize their knowledge and facilitate the transition into the world of digital assets. They aim to provide crypto-sphere users with necessary tools and knowledge, and thus bring mass adoption closer.
As more NFT projects evolve and set up strong structures, developing DAOs and larger organizations, the industry is faced with the question of what is the next frontier in the peer-to-peer economy and how can the purveyors of Web3 make it more accessible to the next generation.We will continue to see unique use cases for DAOs and communities, spanning from music, art, purchasing high-value assets, movies and more.
The transition to the community-driven MarsDAO platform dates back to Q1 2022, they released their platform on BNB Chain and are currently working with several partnerships to expand to a large number of networks, this shows their commitment to decentralization and the way they prioritize technology compatibility to drive demand for MarsDAO’s platform products.
MarsDAO has built a strong community of more than 10,000 heavy crypto users who understand the principles of Web3 technology and the decentralized finance sector, they are known as one of the most savy communities and they constantly benefit from the products and projects that interact with MarsDAO, providing steady support and testing new solutions before mass go to market.
The community has significant project development plans, which is evidenced by the growth dynamics of the MDAO community and a clear, upscale roadmap.
Unlockd has the same goal of acting as a crossroads where all the different NFT projects can be supported. Through our solutions and adapted interfaces, we enable onboarding to the ecosystem of users who are just starting out or want to expand their portfolio, while providing projects such as MarsDAO with the NFT liquidity needed to bootstrap and scale outreach projects in search of mass adoption of NFTs.
MarsDAO community helps referring products and suggesting collections that can benefit from using Unlockd
MarsDAO’s governance principle is based on the fact that the community makes all decisions regarding the decentralized platform by voting.
The native token of the MarsDAO platform — MDAO — has several beneficial applications for its holders, including the possibility to receive rewards from staking in the tokens of a partner project, an opportunity to multiply capital by participating in the MDAO lottery, as well as receive a return on staking of tier NFTs for the users who joined the project in the beginning and own MDAO tier NFTs.
The MarsDAO ecosystem employs a deflationary model, which means that each product incorporates it into its structure. The deflationary token model is one in which tokens are removed from the market over time. Tokens may be removed from the market in various ways, including through redeeming or burning them. The key objective is managing the market and preventing flooding with excess tokens as their creators mine, issue, or sell them.
Security is a priority issue for users, and one of the key considerations we have at Unlockd, this is why we have engaged Halborn to audit the protocol and iterated all the details to ensure the safest possible NFT lending platform. The MarsDAO creators understand the importance of this matter and have taken all necessary measures since they created the protocol, working to protect users at the highest level. The platform’s main contracts have passed security audits at Certik and Paladin (for more details see the “Security” section).
MarsDAO currently includes the following products:
- Auto.Farm — A contract platform where users can significantly increase income from their farming activities through re-staking automation mechanisms.
- MarsDAO Wallet — A Telegram-based cryptocurrency wallet with extensive features.
- MDAO Maker — An online platform for IWOs (Initial Wallet Offerings), that allows users to buy project allocations during seed rounds.
- DEX Index — A contract platform for buying (index) tokens whose price is linked to the price of a basket of currencies.
- Hodlit.Finance — A contract platform that allows buying balanced portfolios of assets based on the piggy bank principle, which cannot be “broken” at any time.
- MarsDAO Space — A platform for the tokenization of traditional investment objects.
- MarsDAO Marketplace — MarsDAO Marketplace, where users can deploy their NFTs. There are plans to create a full-fledged service for the issuance of next-generation NFTs and transparent financial management with a contract and conversion to other assets.
These are just some ways DAOs and NFTs work together to shape the future of web3. When we think about the infinite possibilities that can emerge from the convergence of decentralized finance, different types of NFTs, and new token formats, we’ll clearly witness many more applications where DAOs and NFTs leverage the best parts of each other.
With NFTs offering people ownership and real-world benefits, and DAOs offering new on-ramps, the fit of assets and community will continue to drive innovation.
As both traditional and crypto markets face challenging times ahead, individuals are increasingly looking at ways to write their future financial history through the empowerment and tools of Web3.
At Unlockd we share the philosophy of decentralization. Just as DAOs eliminate intermediaries, thanks to our protocol, MarsDAO members will have access to liquidity in a safe and efficient environment, without the permission of centralized companies.
NFT lending is an important process in the financial landscape. It allows users to earn interest in a previously only available way through risky measures and systems monopolized by large institutions and corporations. Crypto lending, in a way, gives the power back to the people.
This partnership motivates both projects to continue studying the possibilities that blockchain gives us, always focusing on offering the best services to our users.
Unlockd is the decentralized cross-chain protocol that provides democratized NFT liquidity and utility for Gaming, Art, Metaverse and DeFi digital assets. Unlockd provides instant NFT-backed loans and enables seamless cross-chain borrowing and lending. With Unlockd, borrowers can maximize the return on their NFTs keeping the utility of their collateral, and lenders can earn high yields providing liquidity to our pools.
MarsDAO is a community token of a multifunctional decentralized platform for using various investment instruments in the cryptocurrency market and operating on the principle of decentralized autonomous organizations (DAO)
The main goal and mission of MarsDAO is to help people navigate the demanding FinTech and Blockchain environment, monetize their knowledge and facilitate the transition into the world of digital assets.