Mars Protocol to Launch Governance Token $MARS and Launch Lockdrop

TokenInsight news that Mars Protocol, the Terra eco-lending protocol, will launch a governance token $MARS and initiate a Lockdrop. The Lockdrop will allow users to temporarily lock in $UST tokens for between 1 and 52 weeks during the 14-day window of Ignition in exchange for $MARS rewards, with the longer the lock, the higher the weighting multiplier. A total of 2.5 million $MARS tokens (2.5% of the total MARS 100 million supply) will be distributed to Lockdrop participants.