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MARS Launch on Major Exchanges — Introduction to the MetaMars Metaverse ProjectAccording 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 timeSHIB Burn Rate Explodes to 100% a Day After Shiba Inu Reached a Major MilestoneTL;DR
Shiba Inu’s burn rate jumped 100%, with 46 million SHIB removed, making over 41% of its supply burned.
Shibarium achieved one million blocks and gained 1.25 million wallet addresses in less than two months.
SHIB’s price has dropped 5% in the past week despite these advancements.
The Latest Burn
The popular memecoin Shiba Inu continues to witness a significant number of assets removed from its total circulating supply. According to the latest data, the burning rate surgedby approximately 92% in the past 24 hours, with over 46 million SHIB sent to an address that nobody could access.
The token has a tremendous supply – 999,992,188,828,143, with more than 41% of that amount already destroyed. Shiba Inu has adopted a burning mechanism (similar to other cryptocurrencies such as Binance Coin) in an attempt to make SHIB more scarce and potentially valuable in time.
Those willing to learn how the process works in general could read our guide, while the specifics of Shiba Inu’s burning program can be found in this dedicated article.
Burning Goes up a Day After Shibarium’s Achievement
Earlier this week, Shiba Inu’s layer-2 scaling solution – Shibarium – reachedthe milestone of one million blocks. The network’s advancement has been going with good temps, amassing over 1.25 million wallet addresses in less than two months after its launch. Readers can learn more about the network’s specifics and purposes in the video below:
Numerous experts have recently claimedthat further development of Shibarium and the successful execution of Shiba Inu’s burning program could be bullish factors for SHIB’s price. However, the memecoin has been on a downhill lately, down over 5% for the past week.
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Tags: Shiba InuShiba Inu (SHIB)Major Options Exchange to Launch Ripple (XRP) Pairs in January: DetailsTL;DR
Deribit plans to launch linear options for XRP, SOL, and MATIC in January, targeting European markets and doubling down on derivatives trading.
Despite its price fluctuations, XRP remains a popular choice for payments, with institutions like HSBC allowing its use.
Following its legal victories against the US SEC, XRP might be on the verge of a bull run, as indicated by ChatGPT.
Embracing XRP and Other Coins
The leading cryptocurrency exchange – Deribit – announced its intentions to launch linear options for Ripple (XRP), Solana (SOL), and Polygon (MATIC). The company used X (Twitter) to discloseits plans as it also vowed to apply for a brokerage license in the European Union (EU).
In a recent interview, Deribit’s CCO Luuk Strijers saidthe upcoming offering will see the light of day in January, describing the European region as “the best environment to launch new products.”
Crypto derivative trading volumes have slid significantly from their peak levels, hampered by the declining prices of most digital currencies and the uncertainty reigning in the sector. According to Richard Galvin – Co-Founder of Digital Asset Capital Management – adding more options involving alternative coins (and not only ETH) could benefit cryptocurrency exchanges.
Earlier this year, Deribit rolled out a zero-fee spot trading platform focusing on derivatives. Strijers shed more light on that development and its purposes:
“That’s why we do it for free, not because we don’t like the potential revenues, but because we aim to generate revenue primarily through derivatives trading.”
XRP Remains Popular Despite its Consolidation
The native token of Ripple might not be in its best shape (considering the price decline after the spike in July), but it maintains its popularity. In fact, some prominent companies and financial giants such as HSBC allowedeligible clients to pay their mortgage bills and loans in various cryptocurrencies, including XRP.
The asset was also the top trending tokenin the entire realm at one point last week after Ripple secured a second victory in a row against its big enemy – the US SEC.
According to ChatGPT, a decisive win at the trial next year and other factors could pushXRP toward a new bull run. Those curious to find out how high the asset could go in case of such a rally can watch our video below:
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Tags: BitcoinDeribitEthereumRipple (XRP) PriceBitstamp eyes expansion via partnership with major European banksBitstamp says three “household name” banks in Europe are looking to offer crypto services.
The crypto exchange expects deals as early as first quarter 2024 for services related to its Bitstamp-as-a-Service solution.
Bitstamp is reportedly in talks with several major European banks as it looks to position itself ahead of the rollout of the region’s MiCA rules.
The cryptocurrency exchange is looking to tap into partnerships with the banking institutions to expand its crypto services and products, according to a report published by CoinDesk. It’s news that comes not long after Bitstamp halted Ether (ETH) for US customersamid an unfriendly regulatory environment.
Bringing financial firms to crypto
Per details of the talks, Bitstampwants to explore the clarity provided via the MiCA laws to bring crypto to more people via three of Europe’s largest banks. The expectation is these firms will begin to offer crypto services to customers in the first quarter of 2024.
According to a senior executive at Bitstamp, the EU’s comprehensive crypto regulatory framework has market players confident. Meanwhile, traditional financial companies are increasingly warming up to digital assets.
Robert Zagotta, global chief commercial officer and CEO of Bitstamp US, says there’s been increased inquiries about the exchange’s Bitstamp-as-a-service solution. The on-demand crypto solution provides for a simple way for banks, fintechs, and payment platforms among other traditional firms to enter the burgeoning crypto space, thereby extending exposure to the new asset class to their clients.
Zagotta said Bitstamp is currently engaging three “household name banks” across Europe. While he did not disclose further details about the firms, he noted that the exchange will make official announcements early next year.
Bitstamp’s big move comes as banking giants like Deutsche Bank and HSBChave in recent months alluded to greater demand from customers for exposure to Bitcoin and other cryptocurrencies. In September, Deutsche Bank partnered with Swiss crypto firm Taurusin a deal that is targeted at providing custody services for digital assets and tokenized financial instruments to institutional clients.
The post Bitstamp eyes expansion via partnership with major European banksappeared first on CoinJournal.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
