Mars Hub Launches Independent Cosmos Application Chain with Airdrops coming January 31st

Terra created laboratory Mars Hub comes again with another Cosmos Application chain. The application chain that will come with the distribution of a token called MARS to all customers who owned a Defi project on the Terra protocol before Terra Classic and Stablecoin crashed in May 2022. Customers during snapshot of the two event however, is eligible to receive airdrops.

Terra failure last year was one of the critical issues for the whole crypto industry and these downsides in crypto space. The start of 2022 was good with bitcoin hovering around $60,000, we all hope bitcoin will reach $100,000 by the end of 2022, but to Sun Terra LUNA's surprise and shock, it had a widespread effect on the market.

source: twitter- Mars_protocols

Now the Mars Hub new Cosmos application chain launching will provide up to 50 million MARS tokens to 16 validators in genesis when the mainnet goes live. These validators; CryptoCrew, Block Pane, Cosmology, Eco Stake and others. A total of $64.4 million token will be distributed and Mars Hub plans to expand the MARS token to more validators when the project launches.

How the token will be distributed

MARS token distribution is determined by snapshots. A blockchain record book that stores a specific moment and event in a file. It contains the files of saved transactions and their address created on the blockchain. However, two snapshots will be used. Snapshots taken on May 7 before Terra UST depeg and another from May 28 after Terra UST depeg, with a specific time of 11:00am EST.

After deciding where to distribute these tokens, they will be available via Terra's new interchain wallet for the first six months after launch. And anyone holding a MARS token has the guts to rule the community, so anyone holding Mars under the two snaps should be ready for the airdrops to will come on January 31. Remember that there are 64.4 million tokens to be distributed, so don't lose in two ways and enjoy your free token with a huge delegation for your hard time.

According to the release, the private testnet will be between the developers and some members of the community, and then it will be launched and anyone can access the chain. The Osmosis blockchain will be used for the first token settlement in early February, which will be in a few days.

It is an opportunity to grab the Defi token through the airdrops. I appreciate the team for this kind of gesture to compensate the holder and make them aware that MARS is not a dead project.

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