The Mars Ecosystem is a decentralized and scalable paradigm. Its overarching goal is to build the central bank and reserve currency of the DeFi world. It aims to integrate the Mars stablecoin into this process and solve the problem of stablecoin production and maintenance being incurred by users. The Mars Ecosystem Token is a core part of the platform and is essential to the relationship between the Mars Stablecoin and the Mars DeFi platform by creating a positive feedback loop.What are Mars Ecosystem Token’s key features and how does it work?The ecosystem comprises three core parts. These are the Mars Treasury, Mars Stablecoin, and the Mars DeFi protocols.The Mars Treasury is responsible for taking care of the distribution of and sourcing the Mars Stablecoin (USDm) and the Mars Ecosystem Token (XMS), which is needed for platform governance. USDm is both generated and destroyed through the treasury’s minting and redemption mechanism. Mars Stablecoin (USDM) is designed to remain pegged to the value of the USD and stable thanks to the infrastructure of the Mars Ecosystem combined with users’ market behavior. Arbitrage is a large part of this process. In the case where USDm falls below 1 U.S. dollar in value, arbitrageurs can buy USDm in the open market and then redeem it in the Mars Treasury for 1$ worth of XMS.  The ecosystem also has the Mars Swap and the Mars StableSwap. The Mars Swap operates as an AMM, similar to that of Uniswap. In order to incentive liquidity, those who supply it are rewarded through various rewards programs.What can XMS be used for?As mentioned, the XMS Token is crucial in the operation of the platform. It plays a role in platform governance and is also needed in order to stabilize the Mars Stablecoin. As such, XMS liquidity needs to remain at relatively high levels. In order to achieve this, the Mars Ecosystem deploys several mechanisms. This includes a specifically designed mintage control mechanism.Additionally, in order to encourage liquidity providers and retrain the value flow of XMS, a part of the transaction fees collected from Mars DeFi protocols are assigned to liquidity providers and to the protocol itself.Where can you buy XMS?XMS is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Pancake Swap and MEXC Global. The price of XMS will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for XMS market price, please view the price charts on this page.