According to the website of Mars Space X (MPX), Mars Space X is working to make the Mars project a reality. Under the Mars project of SpaceX, one million people are expected to be sent to Mars to settle and finish Mars colonization. And the Mars project is expected to get completed in 2080 when all humans have settled on Mars, making it the second-largest inhabited planet in the solar system. Mars Space X is both a cryptocurrency and a modern financial institution. Mars Space X was created to provide the Mars project of SpaceX with a reliable and consistent source of funds. Mars Space X also seeks to participate in the first landing on Mars as a charity experience officer.
SpaceX is developing a new generation of entirely reusable launch rockets that are going to be powerful and capable of transporting humans to Mars and other locations in the solar system. Besides this, Elon Musk is planning to send millions of people to Mars, and it needs a lot of funds to keep this strategy going. Hence, various issues are being faced by the Mars project:
Mars Space X addresses these issues and tries to solve them through funding. Mars Space X devotes 4% of its budget to scientific research on Mars. Besides this, 2% goes for the construction of Starlink, as more advanced communication technology is needed on Mars. The continuous construction of Starlink is required to improve the communication between planets and the future human-computer interaction.
Funding is generated through the Mars Space X token. The ticker of the Mars Space X token is MPX. MPX is a deflationary cryptocurrency token. Deflationary tokens are those whose supply is designed to decrease over time. That is to say, as time passes, the token's circulating supply decreases. The goal is to keep the market from becoming flooded with the token while increasing its value. To decrease the circulating supply of the tokens, tokens are burned by sending them to an unusable or invalid address.
Lastly, MPX token holders are rewarded with a total profit of 6%. This reward is the actual return users receive by joining Mars Space X.
