Mars Token (MRST) is the native token of The Mars Metaverse Project. The coin will be listed on the OKX exchange. The timing of the re-listing is unfortunate, as the FTX failure sent shockwaves through the crypto industry while US stocks trade heavily in the green at the same time.
Still, investors should remember that while the recent cryptocurrency news is worrying, there are still plenty of opportunities. Let’s take a look at the recent project that has caught the attention of investors and help you make an informed decision about whether or not to invest in MRST.
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What is the Mars Metaverse Project?
Mars is a Metaverse platform developed by Mars Lab. According to the development team, it had assigned a small territory called “Colony”.
Mars Metaverse users can own Colony in the Metaverse, which allows them to build houses or commercial properties in space. Users can also get a lease through a blockchain-based smart contract.
Mars Token is the original token of the Mars Metaverse. Users can earn rewards with MRST. The MRST tokens can be earned through a play-and-earn (PAE) system.
In addition, most homes and commercial buildings in Colony can be purchased with MRST and traded between users. Another advantage of the MRST is that users can organize events on their properties and generate additional income paid with MRST.
In the future, Mars Metaverse plans to enable third-party or independent game developers to develop and publish games using The Mars Game Creator software. These games also use the MRST token as a reward token for players.
All in all, Mars Metaverse offers something exciting and encouraging growth prospects.
Should you invest in the MRST token?
Metaverse projects have been among the biggest players in the cryptocurrency market in recent years.
According to Macro (reported by Bloomberg), a UK-based research firm, Metaverse coins posted gains that surpassed Bitcoin in 2021 – with a whopping 37,000% increase.
The market has seen an increasing number of Metaverse projects as experts believe that the Metaverse will play a vital role in the Web3 ecosystem.
Granted, Mars Metaverse is still in its infancy, but it’s new, fresh, and exciting.
A perhaps overlooked factor to consider when deciding whether to invest in the Mars token is its liquidity. With the MRST token on the OKX crypto exchange, a highly reputable platform, liquidity should not be an issue. OKX is the 10th largest crypto exchange, handling nearly $3 billion in daily trading volume.
This certainly gives Mars Metaverse an edge over some of its peers in the space that can’t offer comparable liquidity. The ability to get in and out of a job with ease is a factor that is often overlooked.
Conclusion: a strong industry to invest in
A May 2022 report from LogisticsIQ estimates that the Metaverse industry will be worth $224 billion by 2030, compared to $32 billion in 2021, with gaming playing a key role in the industry’s expansion.
Granted, these numbers may need an update, but even if the 2030 numbers are cut in half, that means the Metaverse will still more than triple by the end of the decade. It’s hard for me to find other industries that show similar growth rates.
An exposure to The Mars Metaverse Project as part of a diversified portfolio of similar Metaverse projects is not the worst idea for long-term investors in this environment.
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