[Insight] Interview about MRST with CBDO, Bryan Ko (a.k.a. Go24)
Every day, we receive countless questions about the Mars’ token, MRST. This time, the Mars’ CBDO, and the founder of the Mars LLC. answered several questions that were asked frequently about the Mars’ tokenomics and its plan to maintain it in a sustainable way.
Q1. How do the users who have purchased the Martian NFT use it within the app?
Bryan Ko: The Martians NFT is not utilized within the metaverse to deliver the essence of PFP NFT. We believe PFP NFT does not have a utility function as itself, and it is the essence of PFP to exist as a measure of its value as art and the brand value of the Mars.
However, the Martians NFT holders will have a right of IEO participation and early access to the metaverse as a benefit to increase the brand value.
Q2. What is the most important thing you have prepared for the MRST Mining App?
Bryan Ko: Mainly, two things.
First, the amount distributed to users should be a reasonable compensation without hurting the market value of MRST. Similar to the actual POW mining algorithm, when the number of simultaneous miners increases, the distribution per person decreases, and vice versa. Although the distribution amount per person decreases, and the number of simultaneous miners increases, the value of 1MRST increases, and thereby the claimable value of users won’t damage.
Second, the MRST we distribute is recorded on-chain and proves our blockchain technology through a mining app. On-chain records are an important indicator of blockchain service validation. Many mining app companies do not actually have blockchain technology but pretend they do have it. To solve that issue, our mining app actually increases the mining hash rate by having Mining Pet NFT and connecting the wallet to it.
Q3. Please explain the relationship between MRST and PBOS tokens (e.g., how users who purchase Land with PBOS can receive MRST rewards, etc.).
Bryan Ko: PBOS token serves as a governance token in the Mars metaverse platform. Users who purchase land with PBOS do not receive MRST directly but can earn it as leasing after purchasing the building. In order to receive PBOS token rewards, you can stake MRST or deposit it in LP pools (e.g., MRST+ETH, MRST+MATIC, and MRST+USDC). The basic role of the PBOS token is a reward for enriching the liquidity of MRST.
Also, PBOS is the backbone of parliamentary functions within the Mars metaverse. Phobos Council is formed through the delegate system. To become a delegate, a certain amount of PBOS Tokens must be locked up during the delegate period. Delegates who lock up PBOS tokens may receive MRST and PBOS tokens as rewards. Phobos Council receives a certain amount of MRST as a budget and has the authority to execute it.
Further details will be released in the upcoming whitepaper v2.0.
Q4. Previously the team mentioned preparing for an IEO in June, but why has the plan changed?
Bryan Ko: Listing is a very important issue, as well as the timing of listing.
Since there are so many things to prepare before listing, June was insufficient for everything that needed to be considered in advance (e.g., the Martians NFT IEO). And now, everything is ready to use PBOS Token and the land sale, and the fear of the crypto winter has decreased a lot; we believe it is the appropriate time for a listing.
Q5. What is the reason for setting the pre-sale MRST token price as $0.1?
Bryan Ko: If the pre-sale price is too low, after listing, all pre-sale users will sell directly to the market, and the value of MRST will decrease. On the contrary, if the pre-sale price is too high, there is a high probability that the pre-sale participants will incur a loss.
We hope this listing will be a festival for both mining app users and the Martians NFT holders. Therefore, we concluded that $0.1 is appropriate for the pre-sale token listing price.
Q6. Could you tell us about exchanges the team is preparing for the listing?
Bryan Ko: We’re talking to many exchanges, except for the very minor ones. We hope that MRST can be traded on all exchanges worldwide, such as The Sandbox or Decentraland, and we are preparing to make it happen.
Q7. What is the mid-and long-term roadmap for the Mars project after listing?
Bryan Ko: After listing, we are preparing to start our tokenomics, such as MRST staking, Phobos token usage, and land sale to let the public know that holding MRST is better than selling it on the market.
Also, during the alpha test in December, we will show the basketball and racing game we’ve completed, demonstrating successful results that no other companies have made as a metaverse game platform.
In addition, we plan to strengthen partnerships so that numerous brands can enter our metaverse. The expansion of this concept applies to not only games but also the metaverse ecosystem. At this point, the metaverse sports brand “Hyper Sports Club” made by Steve J and Yoni P is our first result of having the building and interior.
