Original terra credit protocol Mars Protocol, It will launch the Cosmos Mars Hub mainnet on January 31 and on Terra Classic (LUNC) A total of 64.4 million new users who held MARS during the two snapshots altcoin announced that it will distribute the airdrop.
Users Holding MARS Altcoins on the LUNC Network on the Determined Date Will Be Airdropped
The development was announced on the official website of the protocol as follows:
“The Mars Hub will serve as a home base for a number of stations on other blockchains, starting with Osmosis in February 2023. Each station will eventually power the Mars Rover loan accounts, which will unlock cross margin leveraged trading, yield strategies and more in a completely decentralized, unsupervised environment.
The main goal of Mars Protocol is to maintain the benefits of decentralization while creating a full-stack DeFi product experience that looks and feels like CeFi: unattended, transparent, trustless and flexible.
During the Alpha testnet in November 2022, more than 100 community members tested several key areas, including the MARS airdrop request process, MARS staking, and lending and lending via Red Bank on the Osmosis testnet. Now, community members and potential validators can also test this functionality with the deployment of the public Ares-1 testnet. This sandbox will remain the primary test environment for Mars Hub permanently.”
However, according to the protocol, investors holding MARS tokens on May 7, 2022 and May 28, 2022 on the Terra Classic (LUNC) chain, which was established after the collapse of the Terra chain, will be eligible for the airdrop.
*Not investment advice.
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