Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE

## MDAO is used for 3 fundamental purposes, as a DeFi return supplement, blockchain tools and analytical products and introduction of deflationary tools. Could you give more explanation?
**Mike Kirillov(Business Development Lead):**
Thank you for the question. You are correct, we have 3 key aims:
-To Bring transparent profit into the cryptocurrency market for token holders;
-To Facilitate interaction with a rapidly developing market;
-To Solve the inflation issue through the MDAO deflationary model;

Therefore, we have burnt more than 1.5 million dollars worth of tokens just within a year as all our products have deflationary mechanisms.

## How does the the MarsDAO deflationary model solve the inflation issue？
**Mike Kirillov(Business Development Lead):**
Well, everytime we get a profit from either commissions of our defi products or sales of educational courses or board game, we buy our MDAO token from the market and then transfer this amount to a null address, so anyone has not an access to these tokens. Therefore, less tokens are circulating and since the emission is limited and max supply has been achieved, MDAO becomes more scarce resource, so its supply is lower.

## What’s the token economy of MarsDAO’s MDAO token?
**Mike Kirillov(Business Development Lead):**
The economy is as follows: you buy and hold MDAO. We introduce to you many ways to use your tokens: you may stake it on our platform either to receive more MDAO as rewards if you hold our loyal NFT or you may receive tokens of our partners. Also you may invest in early-stage crypto startups backed by top funds through our telegram wallet bot. 

Another tool is to hold MDAO and receive discounts for products of our ecosystem or our partners on the MDAO Lifestyle section on a website. This month we’ll plug an option to buy any travel ticket or make a booking for crypto. We launched an NFT collection with Sidus Heroes metaverse that was sold for MDAO, so our users could onboard to their platform and start earning.
## Your ecosystem contains 15 launched and 5 launching products. What's the latest updates over there?
**Mike Kirillov(Business Development Lead):**
 In the Q2 this year, we plan to release the game **Cosmic FOMO and the Swipe2Trade platform.**
 
**Cosmic FOMO** is a game in which game characters, namely pilots, are minted from NFT in the <a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a> Smart Chain network. Owning a character, the user can participate in races and earn in-game tokens.

**Swipe2Trade** is a social trading platform where recognized experts share tips and their own predictions, while users can track and repeat trades of any expert.


## Could you share with us what next steps will be taken in the future?
**Mike Kirillov(Business Development Lead):**
We’ll add more utilities to our users, develop MDAO Lifestyle program incentives, add more features to new products such as Cryptomention, Cosmic FOMO, Swipe2Trade, 12Swap. 

Also we’ll update MDAO Wallet, WhatToFarm, add other courses to our academy and many other changes are coming. Just follow us on Twitter and Telegram.

Click here to review the lIve AMA>>[AMA-MarsDAO（DeFi）](https://www.gate.io/live/video/2fd9fc417529995d9981a7030c2b8cb5 "AMA-MarsDAO（DeFi）")


<div class="blog-details-info">
<div>Author:** GateLive**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

简体中文

English

Tiếng Việt

Español

Русский язык

Français

ภาษาไทย

日本語

Indonesia

Deutsch

عربي

Português (Portugal]

Português (Brasil]

繁體中文

Українська

MDAO deflationary model；NFT collection；Cosmic FOMO；in-game tokens；What is Swipe2Trade？What are the ways to get MDAO？What’s the next step in MDAO?

福利中心

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构借贷

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

vip服务

机构

策略跟单

现货跟单

交易-合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

交易-机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币理财

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多（理财产品）

芝麻金融-理财（打新）

launchpool

launchpad

赚币-HODLer Airdrop

candy_drop

web3 Airdrop

赚币

模拟交易

衍生品-期权

衍生品-交割合约

衍生品-永续合约

合约入门

合约活动

衍生品

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易-创新交易

交易-交易工具

交易-交易类型

交易-盘前交易

交易

行情

买币-gateCard

卖币

买币-快捷交易

买币

买币-paywith

法币定投

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

gate商店

小红花-Promotions-邀请计划

小红花-promotions-代理商

储备金

合作伙伴

cextg小程序

小红花

web3

GateLive AMA Recap-MarsDAO