THE INS AND OUTS OF RMARS TOKEN – A COMPLETE GUIDE FOR INVESTING IN RUSHMARS

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RushMars is the first cryptocurrency platform to combine Binance Smart Chain with AMM technologies, resulting in a decentralized deflationary governance token model that benefits buyers and sellers. Let’s dig deeper to know more about this utility token.

RMARS IS AN ERC20 TOKEN

RushMars ERC20 Token (RMARS) on Binance Smart Chain Mainnet.This governance coin is designed as an ERC20 smart contract with its address. One of the most expensive Ethereum currencies is ERC-20. ERC-20 has become the technical standard; it is used to implement tokens in all Ethereum smart contracts and provides a set of regulations that all Ethereum-based tokens must adhere to. In some respects, ERC-20 tokens are similar to bitcoin, Litecoin, and any other cryptocurrency; ERC-20 tokens are blockchain-based assets having a value that can be sent and received. ERC-20 tokens are distinguished because they are issued on the Ethereum network rather than on their own blockchain.

  • Token Name: RushMars
  • Token Symbol: RMARS
  • Contract Address: 0xcc9a0be2c3069da1d7d361aa15e8f4664f007c95​
  • Chain: Binance Smart Chain (BEP20)
  • Max Supply: Unlimited, linear bonding curve

TOKEN BURNING AND THE BURNING MECHANISM IN RUSHMARS

Token burning is a method used by cryptocurrency projects to manipulate a token’s market price or coin. This is accomplished by withdrawing some tokens from circulation forever. Coin burning is the technique by which cryptocurrency miners and developers erase tokens or coins from circulation, decreasing the total circulating quantity of currencies and slowing inflation rates.

BURNING MECHANISM

They’ve built a continual burning mechanism to keep APACHE at a constant high level. Specifically:

  • Every transfer will be subject to a 5% tax levy.
  • The RMARS-BNB liquidity pool will be automatically sent through the contract for 2,5% of the tax fee.
  • The remaining 2,5% of the tax charge will be burnt right away.
  • They’re working on releasing unique RushMars NFTs as another way to burn RMARS and keep the price high.

HOW DOES THE RMARS TOKEN WORK? 

To take part, Connect your wallet, input the amount of BNB you’d want to purchase, and then click Buy. You can buy again during IRO, with a maximum contribution of 3 BNB per wallet.

After IRO, you may use their IRO contract to withdraw your RMARS tokens. Do not utilize exchange accounts or send BNB to IRO contracts directly. On the webpage, you may see the IRO Countdown.

  • Softcap: 50 BNB
  • Max duration: 1 hour
  • IRO Price : 1BNB = 1000 RMARS
  • Pancakeswap Listing : 1 BNB = 850 RMARS
  • Max Cap per wallet — 3000 RMARS tokens (~3 BNB) No minimum.
  • Pancake listing date: Immediate after IRO ends. Estimate 6 JUN 13:00 UTC

15% of higher listing for IRO participants. Tokens are locked until the IRO end. Farming starts at block: #8062015 Liquidity locked on RMARS contract for 120 days.

5% BNB referral reward will be distributed instantly via an IRO contract. Create your referral link referral section: https://rushmoon.finance/referral RUSH-BNB, RUSH-BUSD lp pools will be added before starts RMARS farming. Also, they add RMARS-BNB, RMARS-BUSD lp pools to earn RUSH. There is no Pre-mine; all tokens will be minted from the IRO contract during IRO.



SECURITY CONCERNS

Timelock added to contract at launch: Before the introduction of the MasterChef contract, timelock was implemented. After RMARS-BNB, RMARS-BUSD LP is added to the ownership transfer tax.

Removed migrator code (inherited from Pancake swap): Their MasterChef contract no longer includes the migrator code.

Emergency Withdraw: Farmers may still withdraw their tokens by interacting directly with the MasterChef contract if something goes wrong with RushMars’ front end, like a DDOS attack or a short outage. To withdraw your staked tokens, use the emergencyWithdraw method with the farm or pool id provided below.

Diffchecker: The contract for MarsChefv2 was forked from pantherswap. You may compare two contracts to see how they differ. There is no difference in function, only a name change.

Audit: 1. Solidity.Finance (submitted) 2. CertiK (coming)

RushMars Futures will become a leading example of a safer and secure crypto futures exchange by merging automation and blockchain technology. RushMars eliminates commission fees for new crypto futures traders while also incentivizing seasoned traders with new business models and tools. Thus, This platform is to be recommended for the investors to gain more advantages. 

Website: https://rushmars.finance/

Twitter: https://twitter.com/RushMarsBSC

Telegram: https://t.me/rushmarsofficial

Github: https://github.com/RushMars

AUTHOR : wonogesit

Telegram Username: @wonogesit

Bitcointalkurl:
https://bitcointalk.org/index.php?action=profile;u=3153026

BEP-20-Wallet: 0xDA70ee5fDA6Dc03a1E8ec4eB495bE9Be2509423b

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