What is The Mars Platform (MRST) | What is Marslabs (MRST)

In this article, we'll discuss information about the The Mars Platform project and MRST token. What is The Mars Platform (MRST) | What is Marslabs (MRST)?

Mars Labs is developing a metaverse platform, where everyone can make their dreams come true.

In the Mars-themed metaverse platform, there is a small territory (1km in diameter) called a "Colony". Users can own NFT-type Colony, and build a house and/or a commercial building. Also, it is possible to receive a lease using a blockchain-based Smart Contract. By contributing to the Mars: metaverse, users can earn rewards with Mars Token (MRST). The ecosystem is designed to ensure that all the users of the platform can earn MRST through Play-and-Earn (PAE) system.

Different from real life, anyone can have a chance to own their house, and change its size or decoration. You can invite your friends to have a chat, play music and throw a party together in a private place.

Most of the buildings in the Colony can be purchased with MRST and are tradable between users. When purchasing the building, users earn extra space that can be used commercially. Users can also customize the space, such as shopping center, gallery, party hall, classroom, and so on. Additional income can be made through event hosting.

Users can design their own clothes or structures through "The Mars Studio", and publish them as either NFTs or in-game items (UGC items).

Basically, Mars: metaverse aims to become a leading game-focused platform. In the Colony, every activity is related to various hobbies and sports. Furthermore, users can earn additional income by engaging in those activities.

As the platform expands, third-party or indie game developers can make and release their games through "The Mars Game Creator" software. Users can also host sports leagues themselves. Depending on the number of active users, MRST will be used as the reward for game players.

Mars: metaverse gaming platform is currently under development, and is expected to be released in 2023. It aims to be a AAA project that encompasses the blockchain ecosystem, including gaming, e-commerce, performances, virtual business, social networking service (SNS), social networking gaming (SNG), and so on.

  • Vision: We make the key to the new world.
  • Mission: To imagine freely, create a games to be proud of, and share it with the world.
  • Slogan: Space where experience turns into value.

Tokenomics

1. Token Distribution (MRST)

Initial supply of 5 billion Mars Tokens (MRST) will be issued on Polygon Chain, Ethereum’s Layer 2 platform, and maximum 1 billion in the first year within the metaverse platform

Total of 5 billion MRST will be used for early stage development and ecosystem creation.

  • 20% Ecosystem - MMA (1 Billion MRST)

In order for the Mars: metaverse platform to develop rapidly in the early stages, a certain amount of MRST and more than 100,000 users are required.

MRST Mining App is used to create an ecosystem before the metaverse platform is released, and it utilizes a form of mining that consumes as little electricity as possible and allows a continuous deflationary model to operate.

  • 20% Service Development Fund (1 Billion MRST)

The funds used to create the world of the Mars: metaverse. This is used only for R&D and company expenses. When it is sold on the exchange, it is announced through the Mars disclosure agency.

  • 20% Partner Allocation (1 Billion MRST)

This is the amount to be distributed to our blockchain and third-party development partners (including exchanges). It is assigned to development partners, individual developers, and advisors related to the Mars: metaverse services. This amount is also reserved to be distributed to marketing partners such as YouTube creators and Twitch streamers. Partner-allocated MRST can be distributed by either a lump sum payment or a lock-up schedule.

  • 8% Private Sale (0.4 Billion MRST)

This is the quantity for the initial seed funding and block deals with VCs. There is a protection period (lock-up) to minimize the impact on the market price of MRST.

  • 4% Public Sale (0.2 Billion MRST)

The public sale amount will be sold through the exchanges’ IEO launchpad platforms and IEO for the Martians NFT holders.

  • 8% Liquidity Provision & Marketing (0.4 Billion MRST)

It is used to provide initial liquidity when listing on CEX and DEX, airdrop for marketing purposes, and as a prize for various promotions.

  • 20% Team Allocation (1 Billion MRST)

It is used as an incentive to reward the founders and team members who are creating the world of the Mars, and to secure superior development team members in the competitive job market.​

Token Distribution Information

ListAmount (2022-10-31)
Total Supply of MRST4,991,548,440 MRST
Burned Amount(8,451,560) MRST
Amount Locked Up of MRST4,976,691,553 MRST
Private Sale Amount155,941,500 MRST
Pre-sale (Pre-IEO) Amount6,548,440 MRST
Partner0 MRST
Team & Advisor55,800,000 MRST

 

Circulating MRST (2022-10-31)

ListAmount (2022-10-31)
Private Sale Amount0 MRST
Pre-sale (Pre-IEO) Amount6,548,440 MRST
Metaverse Development5,000,000 MRST
Liquidity & Marketing746,680 MRST
Ecosystem (MMA)2,561,767 MRST
Partner0 MRST
Team & Advisor0 MRST

*For the latest update, please check our announcements here (https://marslabs.medium.com/)

Lock-up Schedule

The lock-up schedule applies to all MRST private sale participants, advisors, ambassadors, and moderators. The lock-up schedule may be rescheduled according to the MRST market price.

  • Holders with over 100,000 MRST

For one month (30 days) after listing, 10% of the total quantity is divided daily and the lock-up is released.

From the 2nd month, 5% of the total monthly quantity is divided every day and the lock-up is released.

  • Holders with and under 100,000 MRST

For 10 months (300 days) from after listing, 10% of the total monthly quantity is divided every day and the lock-up is released.

2. Token Distribution (PBOS)

Phobos Token (PBOS) is governmance token of Mars: metaverse that issued on the Polygon chain, the Layer 2 platform of Ethereum, and is a utility token to purchase Land.

PBOS tokens did not go through any private & public sale, and there is no separate budget for ecosystem expansion.

  • 90% - LP Pool or Staking Rewards (30 Million)

90% of Phobos tokens are issued only through LP pool provision, MRST staking, and PBOS token deposits for delegates.

  • 10% - Team Allocation (3 Million)

Team allocation is distributed annually by 10% of overall issuance, and is used for incentive compensation and talent recruitment.

PBOS Token Issuance

Stake & LP Rewards

  • Purpose of LP Pool Rewards

The LP Pool is to continuously reward those who provide liquidity for the exchange (swap) of MRST and PBOS.

  • LP Pool Type and Rewards

Rewards: Distribute 1,152 PBOS to every LP Pool per day (420,480 PBOS in one year)

  • LP Pool Type

Meshswap 

1. MRST + USDC Pair (Matic Mainnet): Required liquidity to buy (exchange) MRST with (to) USDC. 

2. PBOS + USDC Pair (Matic Mainnet): Required liquidity to buy (exchange) PBOS with (to) USDC. 

3. MRST + MATIC Pair (Matic Mainnet): Required liquidity to buy (exchange) MRST with (to) MATIC. 

Klayswap 

1. MRST + USDC Pair (Klaytn Mainnet): Required liquidity to buy (exchange) MRST with (to) USDC. 

2. PBOS + USDC Pair (Klaytn Mainnet): Required liquidity to buy (exchange) PBOS with (to) USDC. 

3. MRST + KSP Pair (Klaytn Mainnet): Required liquidity to buy (exchange) MRST with (to) KSP.

  • Purpose of Stake Pool Rewards

The staking pool exists to protect the asset value of MRST by suppressing the circulation of MRST in the market and to complete the tokenomics.

  • Stake Pool Types and Rewards

30 day Staking: 768 PBOS/day (280,320 PBOS/year)

60 day Staking: 1,150 PBOS/day (419,750 PBOS/year)

90 day Staking: 1,630 PBOS/day (594,950 PBOS/year)

180 day Staking: 2,013 PBOS/day (734,745 PBOS/year)

360 day Staking: 2,876 PBOS/day (1,049,740 PBOS/year)

The above figures may change for every half-life (4 years) of PBOS tokens, and the reward ratio may change depending on the activity of the above pools.

  • Staking Pool Distribution Formula

Daily reward PBOS amount * Pool share of staking quantity (My deposit amount / Total deposit amount) = PBOS distribution amount

  • Staking APR Calculation Formula

PBOS price * Daily reward PBOS amount * 365 / Total deposit MRST amount * MRST price * 100 = APR

  • Early Staking Termination Reward

Once the minimum subscription period has passed and a user unstakes before the maturity date, the user can only claim a portion of PBOS tokens distributed as rewards according to the percentage below. PBOS rewards unclaimed due to penalty will be burned.

  • Claimable proportion and minimum subscription period per Staking Pools

30 DAY - 50% (PBOS withdrawable anytime after 15 days)

60 DAY - 40% (PBOS withdrawable anytime after 24 days)

90 DAY - 33.33% (PBOS withdrawable anytime after 30 days)

180 DAY - 30% (PBOS withdrawable anytime after 54 days)

360 DAY - 25% (PBOS withdrawable anytime after 90 days)


How and Where to Buy MRST token?

MRST has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MRST token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase MRST from the exchange.

The top exchange for trading in MRST token is currently: ………….

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinancePoloniexBitfinexHuobiMXCProBITGate.io

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

Find more information MRST token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

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What is The Mars Platform (MRST) | What is Marslabs (MRST)

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