Mario Finance Project Made Official Partnership with Cryptosky Platform

Mario Finance Project Made Official Partnership with Cryptosky Platform

 
About Mario Finance 

Mario Finance is a algorithmic token pegged to $FTM on the Fantom Opera network.The $MARIO  serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Opera network. The protocol's underlying mechanism dynamically adjusts $MARIO's supply, pushing its price up or down relative to the price of $FTM.Inspired by the original idea behind Basis as well as its predecessors (bDollar and soup), mario.finance is a multi-token protocol which consists of the following three tokens.

-Mario ($MARIO). -Mario Shares ($LUIGI) -Mario Bonds ($WARIO).

Burn Mechanism

For every Sell transaction 10% Tax will be applied. Tax will go to dao fund and will use for adding liquidity and burn.5% will be burnt forever

5% will be burnt forever
5% will use for adding liquidity
Tokens

MARIO - Mario Token MARIO token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain Mario's peg to 1 Fantom (FTM) token in the long run.

Luigi - Mario Shares

MARIO Shares (LUIGI) are one of the ways to measure the value of the MARIO Protocol and shareholder trust in its ability to maintain MARIO close to peg. During epoch expansions the protocol mints MARIO and distributes it proportionally to all LUIGI holders who have staked their tokens in the Board Room (boardroom).

LUIGI holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Mario finance ecosystem.

LUIGI has a maximum total supply of 70000 tokens distributed as follows :

1. DAO Allocation: 5500 LUIGI vested linearly 12 months

2. Team Allocation: 2000 LUIGI vested linearly over 12 months

3. Remaining 59500 LUIGI are allocated for incentivizing Liquidity Providers in two shares pools for 12 months

Wario - Mario Bonds MARIO Bonds (WARIO) main job is to help incentivize changes in MARIO supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of MARIO falls below 1 FTM, WARIOs are issued and can be bought with MARIO at the current price. Exchanging MARIO for WARIO burns MARIO tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 FTM. These WARIO can be redeemed for MARIO when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for MARIO when it is above peg, helping to push it back toward 1 FTM. All holders are able to redeem their WARIO for MARIO tokens as long as the Treasury has a positive MARIO balance, which typically happens when the protocol is in epoch expansion periods.

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