Initially, the Terra Loan Contract Mars Hub announced that it will release its separate Cosmos application chain on January 31, and distribute Mars tokens to consumers who hold Mars tokens when taking two snapshots in Terra Classic.
According to a statement on January 20, Spark Core's main network will release 16 creator verification procedures, including Block Pane, Child Validation, Chorus One, Cosmology, CryptoCrew validators, ECO Stack, etc. After the announcement, there will be an additional 34 expansion slots without the approval verifier.
The existing 50 million MARS tokens will be released by the Genesis 1 verifier and returned to the community pool in a month. The statement said: "This kind of temporary authorization will help protect the Internet from intentional verifier attacks. This verifier may accumulate a lot of MARS authorization shortly after the creator, and quickly control the transactions in the chain.".
The first appearance of the main network is the third stage of a three-step process, which is the last link. The whole process first creates a private test network for developers and some cell members, and then a public test network. The first spark outpost will be created on the Osmosis blockchain in early February.
MARS tokens will be collected by air-dropped materials actively synchronized with the main network at the detailed address that meets the conditions. The holders of MARS tokens will open 64.4 million tokens during the two historical time snapshots in Terra Classic. The snapshot should make statistics on the blockchain technical situation file at a special time, including all current address information transaction information.
MARS tokens are widely distributed and determined by the snapshots taken around the time of Terra Class USD (USD) sale: blockchain 7544910 (May 7, 2022, 11:00 a.m. Eastern Time) and blockchain 7816580 (May 5, 2022, 11:00 a.m. Eastern International Standard Time).
Tokens will be given according to Terra's inter-chain wallet station within six months after the launch. Consumers who hold MARS on Terra Classic will inherit management rights.
The paralysis of Terra (LUNA) and the stable currency TerraUSD (USD) in May has caused widespread harm to the encryption market, impacting the price of the Terra Agreement (such as Spark Agreement) for the custody of the Decentralized Finance (DeFi) project.
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