Mars Labs announces MRST airdrop for Mars Token holders

on Nov 15, 2022
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  • Mars Labs will airdrop MRST and PBOS tokens to Mars Token holders.
  • MRST will be airdropped at a rate of 2% of wallet holdings while Phobos Token will be at 100 MRST: 1 PBOS.
  • MRST is available on OKX where interested investors can buy and trade against USDT and USDC.

Mars Labs, the company behind the Mars Metaverse project, has announced an upcoming airdrop for holders of the native token Mars Token (MRST).

According to an announcement the team shared on Tuesday via its Twitter account, this is just one of the exciting news lined up for this November. Investors interested in learning how to buy Mars Token can follow these instructions.

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Other great news the metaverse project teased includes an MOU announcement with a decentralised exchange (DEX), the launch of MRST staking, an upcoming USDC/MATIC DEX pool and Land ticket sale for its Mars:Metaverse.

The platform is also set to issue compensation for its 1st Pre-IEO, while USDT deposits for the 2nd Pre-IEO will be from 5-9 December 2022 and deposits for the 3rd Pre-IEO from 6-10 March 2023.

MRST and PBOS airdrop

The Mars airdrop will be for both MRST and Phobos Token (PBOS), the token used to buy land in the Mars metaverse gameplay.

Per the Mars Labs tweet, the airdrop ratio for PBOS will be 100 MRST: 1 PBOS, while the airdrop rate for MRST will be at 2% of a wallet address’s MRST holdings.

To participate in the airdrop, one needs to have held MRST and swapped it at the time of the airdrop snapshot. As such, the MRST and PBOS airdrop will benefit wallet addresses that will have had more than one MRST swap on leading crypto exchange OKX.

As Invezz reported last week, OKX was the first crypto exchange to list the Mars token on both the CEX platform and the OKX DEX (a Web3 portal that offers token swaps, DEX aggregator, a crypto wallet, NFTs and access to dApps).