A P2E metaverse allowing users to speculate the value of the red planet has recently announced its listing on a major exchange – Cointelegraph

We might know Mars as the red planet, but many look to the planet as more, being a mystery and a world full of potential. Nearly 60 years ago, scientists believed the planet contained water and life in the form of a plantlike lichen. These initial findings were enough to push the US perseverance of a rover landing on Mars. The rover successfully drilled its first Martian rock core for NASA, sparking interest in this new world.

Today, rovers and other astronauts continue to learn more about the planet as enthusiasts support the dream of life on Mars. With the exploration of this new world opening up many opportunities, it is no wonder that many people have begun speculating on the planets value. Since many wont get the chance to visit Mars in our lifetime, suggesting one of the only meaningful ways to speculate the value of Mars is through nonfungible tokens (NFTs) and land plot sales run on Ethereum (ETH).

Mars4 is a metaverse ecosystem developed and based on a detailed 3D map of Mars terrain. Using the latest data from NASA and other space agencies, the team has put together the 2001 Google Earth 3D map equivalent.

The project recently announced a new exchange listing on both Bittrex and Sushiswap with staking opportunities available through their ONSEN system. Richard Berno, CEO of Mars4,shares, we are thrilled to be listed on Bittrex centralized exchange and the SushiSwap DEX, both of which exceeded our expectations and delighted our community.

The 3D virtual world provides a gamification aspect to users, allowing them to explore the red planet and buy and sell land as NFTs. The platform has divided the Mars terrain into 99,888 rare real estate NFTs, each symbolizing one of the Mars rover landing sites and the popular geographical features found. Land parcels measure 559 square miles, each of which can increase in value through terraforming. Users will be able to do so by purchasing certificates, avatars or other logos from the in-game assets feature.

Each of these NFTs also provides users with an opportunity to earn income. With NFTs incorporated into the system, users can generate passive income from participating in the Mars4 metaverse and other liquidity mining features. Until the launch of Metaverse, Epochs were introduced to redistribute 51% of the income generated from Land NFTs. Each Epoch starts after 10,000 NFTs are sold, and the profit redistributed to the previous Mars Landlords.

Additionally, Mars4 leverages token yield farming and other gamification elements to help space exploration enthusiasts explore while also creating a decentralized finance investment option.

Yield farming for MARS4 is carried out on SushiSwap decentralized exchange (DEX). Long-term believers and owners of ETH and MARS4 dollars can provide liquidity and stake tokens on SushiSwap Farm with a double multiplier to get annual percentage yield (APY). The amount of liquidity pool tokens staked describes the size of the reward pool distributed. After staking, users can harvest rewards in the form of SUSHI and MARS4 tokens.

The developers have also created a series of diverse activities and fun adventures to help keep their community engaged. Similar to the setup of other decentralized finance (DeFi) projects, utility and governance tokens can be leveraged to support user incentives, transactions, trading, gaming and NFT minting processes.

Getting involved in the community begins with purchasing nonfungible tokens in the representation of land NFT parcels. To date, the Mars Land NFT sale has sold out more than 50% of their available Mars Land NFTs. Mars4 tokens used in the Mars4 ecosystem will continue to play a crucial role in the metaverses transaction process and provide NFT owners with a reward for holding onto their units.

Tokens can be found on Bittrex exchange and Sushiswap, which recently listed MARS4 tokens on their MISO Launchpad. Throughout the private and public auctions, the minimum raise was reached in only 45 minutes. The platform organized two auctions for a total of 40 million tokens, which was met with success on the MISO launchpad and raised an amount 13 times larger than the minimum requirement.

As scientists continue to explore Mars, learning more about what the planet has to offer, the demand for the related-NFTs is only expected to rise. Like other NFTs, Mars-related ones provide proof-of-ownership (PoO) to an unknown world that is limited in supply and beautiful in opportunity.

Over the next year, the platform plans to continue building out the functionality in their play-to-earn (P2E)gaming functionality and launch new NFT drops, including 888 martian avatars and a variety of other in-game assets.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

Go here to read the rest:

A P2E metaverse allowing users to speculate the value of the red planet has recently announced its listing on a major exchange - Cointelegraph