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The original Terra lending protocol, Mars Hub, announced the launch of its independent Cosmos application chain on Jan. 31, with Mars question tokens for users that hold it during both snapshots on traditional terra.
According to a statement on Jan. 20, the main network of the March hub will be put into operation with 16 genesis validators, including block panel, coolant validation, chorus one, cosmology, cryptocrew validators, eco-issue, among others. There will be 34 additional sites for validators without authorization after go-live.
March's main network will be operational by 31 January.
- $MARS Airdrop.
- Red Bank and Credit Accounts on @osmosiszone. pic.twitter.com/mfWxCsaoXo
— Expedition | Mars Protocol ? (@ExpeditionMars) January 20, 2023
A In total, 50 million MARS tokens will be delegated to Genesis validators for launch, and returned to the community pool within a month. "This temporary delegation will help protect the network from attack by a rogue validator that could potentially accumulate a large delegation of MARS shortly after genesis and begin manipulating transactions on-chain," notes the statement.
The launch of the main network is the third and final phase of a three-stage process which started with a private test for developers and some members of the community, after a public test. The first Martian outpost will follow the osmotic blockchain at the beginning of February 2023.
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MARS tokens will be made claimable by eligible addresses via an airdrop that goes live with the mainnet, unlocking 64.4 million tokens for those who held MARS during the two historical snapshots on Terra Classic. A snapshot is a file with the registration status of a blockchain at a specific time, including all existing address and transaction data.
Mars tokens distribution has been determined by snapshots taken before and after depeg de terra class usd () - block 7544910 (7 May, 2022, at approximately 11:00 am (east), and section 7816580 (28 May, 2022, at approximately 11 a.m.).
Tokens will be available starting six months after launch through the station, the new terra interchain wallet. Users who have stood March on terra classic will also inherit the power of governance.
In May 2022, the collapse of Terra LUNA and its stablecoin TerraUSD (UST) had a wide impact on crypto markets, hammering token's prices of decentralized finance (DeFi) projects hosted on the Terra protocol, such as Mars Protocol.
