💙GMarsChainers
Here are a few important things you should know about the MarsChain Oracle Protocol:
🔹 What is the Oracle Protocol?
The Oracle Protocol is a protocol level economic mechanism designed to accelerate MARS burning and expand Contribution Rate when the $MARS price experiences a sustained major decline.
It is not a traditional data oracle like Chainlink. Instead, it uses price oracle data to determine whether the protocol's trigger conditions have been met.
🔹 When can it be triggered?
The Oracle Protocol is triggered when the $MARS price falls 50% from the designated reference high and the condition remains for 7 consecutive days.
Once triggered, an 8 day execution window opens.
🔹 Is participation mandatory?
No. Participation is voluntary.
Users who want to participate can interact with the designated smart contract and burn their own MARS. After the transaction is confirmed on-chain, the protocol updates their Contribution Rate.
🔹 What happens when you participate?
Burn MARS → Receive additional Contribution Rate → Increase your share of future network rewards
The Oracle Protocol has a target burn of 35% of circulating supply.
However, this does not mean every user must burn 35% of their own MARS. The 35% figure is a protocol-level target, while individual participation depends on the user's decision and the protocol's calculation.
🔹 Why is it important to keep MARS available?
If you plan to participate in the Oracle Protocol, keeping some MARS available gives you the ability to participate once the Oracle is activated.
Burning all your MARS before the Oracle means you may have fewer tokens available when the Oracle participation window opens.
🔹 What makes the Oracle different from a normal burn?
A normal PoC burn converts MARS into permanent Contribution Rate according to the current conversion rate.
The Oracle Protocol introduces an additional Contribution Rate expansion mechanism, meaning the Contribution Rate obtained through an Oracle participation can be significantly different from a regular burn.
The exact multiplier and calculation depend on the applicable protocol parameters when the Oracle is triggered.
In simple terms:
Price condition met → Oracle activated → 8-day window → Users voluntarily burn MARS → Contribution Rate is expanded according to the Oracle rules → Higher Contribution Rate can increase the user's share of future network rewards.
The Oracle Protocol is designed to work alongside the normal PoC burn mechanism and the Christmas Protocol as part of MarsChain's dual protocol deflation system.
Stay prepared. Stay informed.
Here are a few important things you should know about the MarsChain Oracle Protocol:
🔹 What is the Oracle Protocol?
The Oracle Protocol is a protocol level economic mechanism designed to accelerate MARS burning and expand Contribution Rate when the $MARS price experiences a sustained major decline.
It is not a traditional data oracle like Chainlink. Instead, it uses price oracle data to determine whether the protocol's trigger conditions have been met.
🔹 When can it be triggered?
The Oracle Protocol is triggered when the $MARS price falls 50% from the designated reference high and the condition remains for 7 consecutive days.
Once triggered, an 8 day execution window opens.
🔹 Is participation mandatory?
No. Participation is voluntary.
Users who want to participate can interact with the designated smart contract and burn their own MARS. After the transaction is confirmed on-chain, the protocol updates their Contribution Rate.
🔹 What happens when you participate?
Burn MARS → Receive additional Contribution Rate → Increase your share of future network rewards
The Oracle Protocol has a target burn of 35% of circulating supply.
However, this does not mean every user must burn 35% of their own MARS. The 35% figure is a protocol-level target, while individual participation depends on the user's decision and the protocol's calculation.
🔹 Why is it important to keep MARS available?
If you plan to participate in the Oracle Protocol, keeping some MARS available gives you the ability to participate once the Oracle is activated.
Burning all your MARS before the Oracle means you may have fewer tokens available when the Oracle participation window opens.
🔹 What makes the Oracle different from a normal burn?
A normal PoC burn converts MARS into permanent Contribution Rate according to the current conversion rate.
The Oracle Protocol introduces an additional Contribution Rate expansion mechanism, meaning the Contribution Rate obtained through an Oracle participation can be significantly different from a regular burn.
The exact multiplier and calculation depend on the applicable protocol parameters when the Oracle is triggered.
In simple terms:
Price condition met → Oracle activated → 8-day window → Users voluntarily burn MARS → Contribution Rate is expanded according to the Oracle rules → Higher Contribution Rate can increase the user's share of future network rewards.
The Oracle Protocol is designed to work alongside the normal PoC burn mechanism and the Christmas Protocol as part of MarsChain's dual protocol deflation system.
Stay prepared. Stay informed.
🌍 MarsChain Global Livestream Hosts Wanted! 🎙🎥
We're recruiting Video & Voice Livestream Hosts from all language communities worldwide!
🔥 Responsibilities:
• Host livestreams to explain and analyze MarsChain's core mechanisms
• Help global audiences understand PoC, hashrate, NFTs, and the Dual Protocols
• Ability to create livestream highlights and short video clips is a plus
✅ Requirements:
• Previous livestreaming experience OR a strong interest in hosting MarsChain livestreams
• Understanding of MarsChain's mechanisms (newcomers willing to learn are also welcome!)
• Open to applicants from all countries and language communities 🌐
💰 Compensation: MARS / MARS hashrate / USDT
📩 How to Apply: https://forms.gle/V7Kr9VcnhxF5yQyYA
🚀 Join us and help bring MarsChain to the world!
#MarsChain #MARS #Web3 #Crypto #Livestream #Hiring
We're recruiting Video & Voice Livestream Hosts from all language communities worldwide!
🔥 Responsibilities:
• Host livestreams to explain and analyze MarsChain's core mechanisms
• Help global audiences understand PoC, hashrate, NFTs, and the Dual Protocols
• Ability to create livestream highlights and short video clips is a plus
✅ Requirements:
• Previous livestreaming experience OR a strong interest in hosting MarsChain livestreams
• Understanding of MarsChain's mechanisms (newcomers willing to learn are also welcome!)
• Open to applicants from all countries and language communities 🌐
💰 Compensation: MARS / MARS hashrate / USDT
📩 How to Apply: https://forms.gle/V7Kr9VcnhxF5yQyYA
🚀 Join us and help bring MarsChain to the world!
#MarsChain #MARS #Web3 #Crypto #Livestream #Hiring
When the market moves together, what makes MARS move differently?
While major assets are in the red, MARS is showing independent momentum.
The Oracle Protocol is approaching, bringing a new cycle of token burning and 20× permanent Hashrate expansion.
Different mechanisms. Different market dynamics.
Is this the beginning of a new cycle? 👀
Read the latest update from MarsChain on X: https://x.com
While major assets are in the red, MARS is showing independent momentum.
The Oracle Protocol is approaching, bringing a new cycle of token burning and 20× permanent Hashrate expansion.
Different mechanisms. Different market dynamics.
Is this the beginning of a new cycle? 👀
Read the latest update from MarsChain on X: https://x.com