According to exchange announcements, the token MARS of the metaverse project MetaMars will be launched on major trading platforms including MEXC, XT, and Bitmart starting September 26.

Additionally, MetaMars has disclosed relevant information and officially announced that its core token MARS will be launched on the MEXC exchange at 3 PM Malaysia time on September 26, 2024, followed by launches on XT.com and BitMart on September 27 and 28, respectively.

MetaMars is an innovative virtual world based on blockchain technology, where users can purchase land on virtual Mars, build personalized homes, and create their virtual lives through games, social activities, and NFT asset trading. The MARS token is the core currency of this virtual economic system, driving all economic activities on the platform, including virtual land transactions, NFT markets, in-game rewards, and decentralized governance.

Project Introduction

MetaMars aims to build a decentralized virtual economic ecosystem, allowing users to create, manage, and trade their assets in the virtual world using the MARS token. With the widespread adoption of the metaverse concept globally, MetaMars seeks to establish virtual Mars as one of the core platforms of the virtual economy and promote the deep integration of virtual assets with the real economy through the extensive use of the MARS token.

The MARS token is not only a medium of exchange but also an incentive mechanism that grants users rights to participate in platform governance. Holders of MARS tokens can participate in project decision-making through a decentralized autonomous organization (DAO), driving platform upgrades and community development. This powerful user participation model will enhance platform interactivity and build a more sustainable, user-centered virtual economy.

Overview of the MARS Economic Model

Basic Parameters

• Token Abbreviation: MARS
• Total Supply: 260 million
• Issuing Public Chain: BNB Chain

Token Distribution

• Seed Round: 5% (13 million MARS)
• Private Sale: 10% (26 million MARS)
• Public Sale: 15% (39 million MARS)
• Team and Advisors: 15% (39 million MARS)
• Ecosystem Fund: 30% (78 million MARS)
• Community and Marketing: 15% (39 million MARS)
• Reserve: 10% (26 million MARS)

Applications and Mechanisms

As the core of the MetaMars metaverse, the MARS token constructs a complete virtual economic system, ensuring sustainable platform development and providing users with multiple income opportunities.

• Circulation and Application Scenarios

The MARS token is the primary medium for all transactions within the MetaMars metaverse. Users can use MARS tokens for various activities on the platform, including:

• Purchasing Virtual Land: Users can buy land on virtual Mars with MARS tokens, which can be developed, built upon, or resold, forming a cycle in the virtual real estate market.
• Trading NFT Assets: In MetaMars, users can buy and trade NFTs with MARS tokens, including virtual items, collectibles, and limited edition assets, further enriching the platform's economic activities.
• Game Rewards and Social Interaction: By participating in various games and virtual activities on the MetaMars platform, users can earn MARS token rewards, increasing platform interactivity and user retention.

The MARS token is not just a trading tool on the platform but also provides users with governance participation rights. Through the DAO, MARS token holders can vote on major platform decisions, including feature upgrades, policy adjustments, and future development plans. This user-driven governance model ensures the vitality of the MetaMars community and continuous platform innovation.

• Token Deflation Mechanism

The economic model of the MARS token incorporates a unique deflation mechanism. Whenever users conduct transactions on the platform, a portion of the MARS tokens is automatically burned, reducing the total supply. This deflation mechanism helps maintain the token's scarcity over the long term and ensures its value gradually increases over time. As the number of platform users grows, the demand for MARS tokens will also rise, further boosting its market price.

• Staking and Yield Incentives

To encourage users to hold MARS tokens long-term, the MetaMars platform offers a staking feature. Users can stake their MARS tokens on the platform to earn fixed annual returns. This not only helps users accumulate more tokens but also enhances their engagement with the platform ecosystem.

The diverse design of staking rewards will further promote the widespread use of the token, including:

• Fixed Annual Returns: Holders can earn stable returns by staking MARS tokens, incentivizing long-term holding.
• DeFi Functionality Expansion: With the platform's further development, MetaMars will introduce more decentralized finance (DeFi) features, allowing users to earn higher returns through staking and liquidity provision.

Launch Period Activities

To celebrate the launch of the MARS token, MetaMars has introduced limited-time trading incentives and community interaction activities to encourage active participation. Activities held within the MetaMars community will further motivate users to engage, learn more about the project, and win rewards.

Related Trading Information:

MEXC Trading Information

• Trading Pair: MARS/USDT
• Launch Time: September 26, 2024, at 3 PM Malaysia time

XT.com Trading Information

• Trading Pair: MARS/USDT
• Launch Time: September 27, 2024, at 3 PM Malaysia time

BitMart Trading Information

• Trading Pair: MARS/USDT
• Launch Time: September 28, 2024, at 3 PM Malaysia time