Mars Metaverse token appears on OKX exchange

The OKX cryptocurrency exchange will list MRST, the native token of The Mars metaverse project.

OKX, one of the world’s leading cryptocurrency exchanges, is set to list MRST, the native token of The Mars metaverse.

Mars is a platform metaverse developed by Mars Lab. In the Martian-themed metaverse platform, Mars Labs has a small territory called “Colony”.

Its users can own Colony, an item similar to NFT, which allows them to build houses or commercial buildings. They can also receive a lease through a blockchain-based smart contract.

Mars Labs has explained that by contributing to the Mars metaverse, users can earn rewards in the form of Mars tokens (MRST). The ecosystem is designed to ensure that all users of the platform can earn MRST through the Play-and-Earn (PAE) system.

As a native token of the Mars metaverse, MRST should have a lot of utility within the ecosystem. Most colony buildings can be purchased with MRST and are interchangeable between users.

In addition, users can also customize the space, such as adding a shopping mall, gallery, party room, classroom, etc. Activities such as organizing events in the metaverse allow users to earn additional revenue, which will be paid through the MRST token.

As the platform develops, third party or independent game developers will be allowed to develop and publish games using The Mars Game Creator. Users of the Mars metaverse can also organize sports leagues themselves. Depending on the number of active users, MRST will be used as a reward for players.

In addition to including the MRST token on its platform, OKX revealed that it has opened a lottery offering up to $20,000 in MRST to winners.

The cryptocurrency exchange revealed that $18,000 in MRST tokens will be distributed 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 tokens to 20 lucky users who make trades worth 10 or more MRST tokens using the OKX Web3 wallet.

OKX is one of the world’s leading cryptocurrency exchanges. Listing the MRST token on its platform would ensure adequate liquidity for Mars metaverse users and token holders.

MRST’s listing on OKX comes about two months after the exchange announced the launch of OKX Lite. OKX Lite facilitates the buying, selling and trading of cryptocurrencies.

According to the team, the simplified version of the OKX trading app has a simpler feel and look than the other version, which is ideal for more experienced traders.