Crypto exchange OKX to list MRST, the native token of The Mars Metaverse project
OKX, one of the world’s leading cryptocurrency exchanges, will list MRST, the native token of The Mars Metaverse.
The Mars Metaverse is a virtual platform developed by Mars Labs. Within the Mars Metaverse, Mars Labs has created a small territory called “Colony,” according to the development team.
Users can own a Colony-type NFT, which allows them to construct homes or commercial buildings. They can also secure lease agreements through blockchain-based smart contracts.
Mars Labs stated that users can earn rewards in Mars Token (MRST) by contributing to the Mars Metaverse. The ecosystem is designed so all platform users can earn MRST through a Play-and-Earn (PAE) system.
As the native token of the Mars Metaverse, MRST is expected to have broad utility within the ecosystem. Most buildings in Colony can be purchased with MRST and traded between users.
Users can also customize spaces—such as shopping centers, galleries, event halls, or classrooms. Hosting events and other activities in the metaverse enables users to generate additional income, paid in MRST tokens.
As the platform grows, third-party and independent game developers will be allowed to build and publish games using “The Mars Game Creator” software. Mars Metaverse users will also be able to host their own sports leagues. Depending on active participation, MRST will be used as rewards for players.
In addition to listing the MRST token, OKX announced a trading lottery offering up to $20,000 in MRST rewards to winners.
The exchange revealed that $18,000 worth of MRST will be shared among the top 20 daily DEX traders over the next 10 days ($1,800 per day). OKX will distribute the remaining $2,000 in MRST to 20 lucky users who make transactions of 10 MRST or more using the OKX Web3 Wallet.
OKX is one of the world’s leading crypto exchanges. Listing MRST on its platform will help ensure sufficient liquidity for Mars Metaverse users and token holders.
The OKX listing of MRST comes about two months after the exchange announced OKX Lite, a simplified version of its app designed to make buying, selling, and trading cryptocurrencies easier.
According to the team, the streamlined OKX Lite trading app offers a simpler look and feel compared with the more advanced version, making it ideal for newer users.