OKX, the world’s second largest cryptocurrency exchange by trading volume, has listed Mars Token (MRST), the native token of the Mars Metaverse.
Initially, OKX will support two trading pairs: MRST/USDT and MRST/USDC.
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What is the Mars Metaverse (MRST)?
Mars Metaverse is a metaverse-focused platform game developed by Mars Labs that is inspired by the planet Mars.
In this virtual world is the “Mars Colony”, a world where players can profit from real estate, sports and community interaction among other activities, while earning rewards paid in the original MRST token.
The “colony” is a 1km-long virtual world area in the Martian metaverse that users can own and develop by building homes or commercial real estate. Users can also rent a “colony” via a blockchain-based smart contract, which allows them to participate and contribute to the Metaverse Mars in order to get rewards in the original MRST.
According to the Mars Labs team, every user in Mars’ metaverse ecosystem can earn MRST, thanks to the platform’s Play-and-Earn (PAE) system.
Other user benefits of MRST include support for trading pairs of Mars tokens and their use in the metaverse to purchase colony buildings or in-game items.
The Mars Metaverse Products
The Mars Metaverse project started in April 2021 and has seen exponential growth since then. Over the past 12 months, the Mars Labs team has launched MRST Mining (as of December 2021), and in 2022, the gaming platform has unveiled major NFT projects.
There is a “brizzi” from the NFT Marketplace & Launchpad, a “Martians NFT” inspired by CryptoPunks, minted on Polygon and available on OpenSea, and a “MRST Mining Pet” NFT.
The Mars Metaverse will also support independent and third-party game developers, who will be able to take advantage of “The Mars Game Creator” program to create and release their games.
According to the Mars Labs team, the gaming platform is expected to be launched in 2023, when the AAA project is scheduled to include blockchain-based games, e-commerce, and virtual businesses. The ecosystem will also include Social Network Service (SNS) and Social Network Games (SNG).
Find out more about The Mars Metaverse from their whitepaper or website or check out this guide if you want to know how to buy The Mars Metaverse Token now.
OKX announces the $20,000 MRST Lottery
In addition to supporting spot trading of MRST, OKX has also included the Mars token on its DEX platform and has opened a trading lottery offering up to $20,000 in MRST to winners.
MRST of $18,000 will be shared by the 20 largest day traders on the DEX for the next 10 days, with $1,800 in Mars tokens being shared each day. OKX, a highly trusted exchange, will drop MRST of $2,000 to 20 lucky users who transact 10 or more MRST using OKX Web3 Wallet.