# I've invested for 14 years, dissected the Mars whitepaper nearly 100 times, and concluded: this may be the 'best' project ordinary people can encounter in the next 10 years (Part 1)

## I. I've seen 100x returns and complete losses—14 years of equity investing. I've succeeded, failed, and witnessed friends' projects multiply by hundred times over—more than I can count on both hands. But I must honestly tell you one thing: all 100x projects in their early stages share one common trait—ordinary people have no right to participate.

Either the barrier is too high: minimum investment of millions. Or there's a circle barrier: only top insiders are playing. Or timing is delayed: by the time you hear about it, the project is already mature.

So I've been searching: is there a project with hard mechanisms, deep logic, strong barriers—yet ordinary people can still enter, and it's still in the earliest stage? Like Bitcoin, which I missed back then?

I searched for 8 years.

Today I want to say: I found it.

## II. My first reaction to Mars

When I first learned about MarsChain, my reaction was like most people's: "You have to destroy tokens to mine? Isn't that against human nature?" "Without depending on ecosystem? Where does the value come from?" "100,000+ people participating? Isn't it faked?"

I used all the modest investment experience accumulated over these ten-plus years and dissected its whitepaper, mechanisms, logic—back and forth nearly 100 times.

Then I went silent. Not because I couldn't find problems. Because I discovered: in this mechanism, every anti-human-nature aspect has a profound logic standing behind it. I started realizing: this might not be "another project" I've seen. This could be a top-tier project that comes once every ten years.

## III. First, look at the macro environment: why are 90% of people losing money?

Before discussing Mars, I want to talk about a heavier topic. Whether in crypto circles, Chinese A-shares, or even the world's largest exchanges, data shows: project loss rates exceed 90%. What does this mean? It means if you randomly buy a token, there's a 90% probability you'll lose money. Whether in crypto circles or A-shares, it's the same. This isn't investing; this is playing with fire.

Why?

Because the economic model of the vast majority of projects is essentially the Greater Fool Game. Early participants make money from later ones, later ones take over the bags, prices collapse, everything falls apart. This happens in crypto, even more so in A-shares—it's a death spiral verified repeatedly globally:

Price drops → panic selling → further decline → more panic → continued drop

Once this spiral starts, no mechanism can stop it. Projects can only watch prices in free fall. In 14 years of equity investing, I've seen this script too many times. The only difference is: some lasted three months, some three years, but the ending is always the same.

So the question becomes: is there a mechanism that can naturally counter this death spiral? I discovered Mars while searching for the answer to this question—it solved it.

## IV. What is Mars? Let me explain in the simplest terms

To make everyone understand, I'll try not using any jargon, just the essence. What is MarsChain? It's a value container. Most blockchains are "building highways"—build the road, let vehicles (applications) run on it. The more vehicles, the more valuable the road. Mars doesn't build roads. It makes digital gold. Where does gold's value come from? Not from what it can do, but from collective consensus: it's scarce, and there will always be believers.

Mars' logic is exactly the same: a group of people, using the same rules, jointly creating scarcity, then holding that scarcity. How do you participate? Only one action: destruction. You permanently destroy a portion of Mars tokens, you get "hashpower"—the continuous qualification and right to mine new tokens. The more you destroy, the fewer total tokens exist on the network, the scarcer it becomes, the more valuable your tokens are. This isn't "buy something and wait for it to appreciate." This is using action to participate in a global experiment about scarcity.

## V. The most wonderful place: behavior is the cause, scarcity is the effect

In my process of dissecting Mars, there was a moment that stunned me for a long time. Most projects' logic is: "Our project is scarce, so hurry and come." Scarcity is a tool, bait to attract people. Mars is completely different. It doesn't create scarcity first, then attract people. It IS scarcity itself, forcing people to act first—entering requires irreversible destruction, this is the entry ticket. Once destroyed, scarcity simultaneously materializes. Every destruction is an irreversible choice. These choices accumulate, token supply decreases, scarcity forms.

Behavior and result almost happen simultaneously: the moment you destroy, scarcity has already increased. This is a philosophy of cause and effect inversion. In physics, cause comes first, then effect. But in the Mars world, cause and effect are the same thing—your behavior itself IS the result. This isn't physics logic; it's philosophical logic: value doesn't come from the nature of objects, but from human choices.

Gold has value because crustal abundance is low—that's an object's attribute. Mars has value because everyone collectively chose destruction—that's human choice. Think about this difference.

When you say "because it's scarce, therefore valuable," you're passively accepting a fact. When you say "because my choice made it scarce," you're actively participating in creation. Mars transforms every person from a value acceptor into a value creator.

## VI. Two core mechanisms: how Mars fights the death spiral

**1. PoC Consensus: destruction is the only entry ticket.** Mars invented a mechanism called "Proof of Contribution." Sounds complex, but the rules are extremely simple: you destroy tokens, you get hashpower; you have hashpower, you can continuously mine new tokens.

There's an elegant design here: at any time, the hashpower obtained from your destroyed tokens can be recovered to equivalent token value through mining within 188 days (provided global hashpower remains constant). This gives everyone clear expectations.

Even more counter-intuitive: the later you enter, the higher the hashpower leverage per unit of destroyed tokens. This means it's not a "first-mover advantage" game, but a continuous competitive dynamic game—if early participants don't keep increasing stakes, they'll be continuously diluted by newcomers. Those who understand get immediately excited hearing this, because it fundamentally solves the monopoly problem that exists universally globally. This is a bug-level problem.

But what truly shocked me is its bear market performance.

When token prices drop, destruction costs lower. What does this mean? It means people with vision and foresight can actually gain higher hashpower shares at lower cost. Most projects, when prices drop, everyone panics and runs. That's human nature. In A-shares, major players exploit this weakness to crash prices and collect blood-stained chips. Mars? When prices drop, rational people actually seize the opportunity and increase destruction—because "inventory" is cheaper now, value storage is better, future mining ROI is higher. This is also human nature. This naturally counters that death spiral making 90% people lose money. It's not through project team shilling, not through pumping, but through mathematical rules—it takes that "panic selling" side of human nature and forcibly flips it.

**2. The Equation: at market's darkest moment, it rewards those who stay.** This is Mars' most shocking design. The "Equation" has two triggers: regular trigger every Christmas, or automatic trigger when token price drops more than 50% for 7 consecutive days compared to historical high. Once triggered, the chain automatically calculates global circulation, targets destroying 30% of circulation, and distributes corresponding hashpower evenly to all miners, with miners bidding to complete. Hashpower increases exponentially: first trigger, global hashpower becomes 10x; second time 20x; third time 40x.

What does this mean? Every time the market is most desperate, it's exactly when those who stay get their power amplified tenfold. More critically: rewards are in hashpower, not tokens. This means one-day players can't immediately cash out and run—you must stay and keep mining, keep holding. This is selection, filtering: who's here to gamble, who's willing to long-term value store. This isn't market rescue. This says: if you stay on stage when everyone's in fear, the system will bonus-award you future control power tenfold.

## VII. When these two mechanisms combine—what is it?

Looking at these two mechanisms together, Mars builds a system that automatically counters the death spiral:

PoC ensures lower prices actually strengthen rational participants' buying intent. The Equation ensures greater market despair brings greater algorithmic power rewards for those staying. This isn't fighting the market; this is using math to align with "the way of reversal moves"—in the weakest place lies the strongest power. The closest reference is Bitcoin—not depending on application ecosystem, not needing developers, core value from scarcity and consensus. But Mars goes further than Bitcoin: its scarcity isn't passive (4-year halvings) but continuously driven by participants' actions. The more you participate, the scarcer it becomes; the scarcer it becomes, the more valuable what you hold. This is "participation is creation" logic—not relying on external building, but on internal consensus. And the starting point of all this is that seemingly simple action: destruction.

## VIII. What do 100,000+ people mean?

As of early 2026, Mars has over 100,000+ miners, with mainnet integration completed. Let me tell you a truth. Many public chains receiving tens of millions in funding with top institutional backing have fewer than thousands of real active addresses on-chain. Yet every single one of Mars' miners went through the irreversible destruction action. This isn't "registration," this is "sacrifice"—you used irreversible action to express recognition of this rule. This isn't a consumption relationship; this is a covenant relationship. And an irrevocable covenant at that.

These 100,000 people aren't users; they're co-practitioners. In a market where 90% lose money, these 100,000 chose completely different logic. They're not "trading"; they're participating in creating scarcity. Everyone's every destruction verifies that saying: behavior is cause, scarcity is effect. Value doesn't come from the nature of objects, but from human choices.

## IX. Why do I think it's the "only 100x seed ordinary people can participate in"?

Back to the beginning. Past decade's 100x projects—ordinary people couldn't enter. Mars is different:

**Low barrier:**Not millions minimum investment, but a few hundred blocks can participate.**Early timing:**100,000+ people, still earliest stage in crypto world. Mainnet just integrated, Equation not yet triggered, price from 0.02 to 0.08 cents, just launching.**Hard mechanism:**Doesn't depend on founders, doesn't depend on ecosystem, doesn't depend on luck. Depends on math and human nature.**Counter-consensus enough:** Every rule designed goes against human nature convention. So early nobody understood; those who understand are already passionate.

I've done equity investing 14 years, seen too many projects rise high, host banquets, then collapse. This is the first simultaneously satisfying "counter-consensus, hard mechanism, early timing, low barrier."

More importantly: it can counter that death spiral making 90% lose money. This isn't my saying—it's written into the mechanism's mathematics. Content too long, please read continuation (Part 2)