Mars Token: What is the Mars Metaverse?

The Mars Token is formally listed on OKX, one of the vital respected crypto exchanges available in the market at present. It means one can now buy, promote, commerce or stake MRST on each OKX CEX and DEX.

MRST’s itemizing on OKX crypto change got here simply days after the Mars Labs staff attracted funding from Asia-based enterprise capital agency Han River Ventures.

However what’s the Mars Metaverse sport? Here’s a transient overview.

The Mars Metaverse sport

Mars Metaverse is a Mars (the purple planet)-themed sport providing a Play-and-Earn (PAE) gaming ecosystem. 

The sport, amongst many metaverse titles within the pipeline throughout the gaming trade, is being developed by Mars Labs, a Korea-based challenge staff backed by The Hyundai, Haechi Labs, and Polygon Studios amongst different companions.

Within the Mars Metaverse customers may have entry to a ‘Colony’, which in contrast to in different metaverse video games, shouldn’t be an infinite house that grows two-dimensionally. Slightly, the concentric land house is finite and makes buying land arduous and thus elevating tradable alternatives.

The ‘Colony’ is exclusive to the Mars Metaverse sport and is what helps to distinguish this sport from different metaverse-related titles.

A Colony can maintain 100,000 to 1 million customers and consists of buildings that may be bought utilizing the Phobos Token (PBOS). Customers may also commerce buildings for an additional revenue, or customise business house for numerous providers for an revenue.

Within the Mars Colony, one can personal bought land (parcels) endlessly by issuing NFT. It’s additionally potential to commerce the land NFTs on marketplaces resembling OpenSea and The Mars’ in-house market brizzi.

By way of what customers can do on The Mars, each exercise within the Colony is expounded to the inhabitants’ hobbies and sports activities. As such, one can go to “The Mars Studio” to create, customise and publish UGC objects as NFTs that may be traded for an revenue.

When will Mars Metaverse launch?

Mars Labs expects to launch an Alpha Take a look at of the sport within the first half of 2023. The Mars: Metaverse Early Entry is anticipated in early 2024, with Open Beta take a look at in Q3 and official public launch in the direction of the top of the 12 months.

The Mars Metaverse token MRST distribution

The Mars Token (MRST) is the native token within the Mars Metaverse sport ecosystem and will likely be used for in-game purchases and different transactions throughout the metaverse.  

Tokens will likely be minted on Ethereum layer-2 platform Polygon, with an preliminary provide of 5 billion MRST utilized in early stage growth of the Mars Metaverse.

A most of 1 billion MRST will likely be utilised throughout the metaverse sport within the first 12 months.

Do you need to study extra about The Mars Metaverse?

The Mars Metaverse staff is about to carry an Ask Me Something, or AMA on 16 November 2022 at 8 am UTC (5 pm KST) on the OKX Official Telegram Channel. 

In the course of the AMA, Mars Labs CEO Kevin Chang and Amy Lee, Model and Enterprise Improvement Supervisor, will attempt to reply the neighborhood’s questions on $MRST and the Mars: Metaverse challenge.