[Crypto World] There’s new action coming out of Japan. The publicly listed company Metaplanet has recently launched the MARS token, built directly on the Ethereum chain.
Their approach is pretty straightforward: issue a token to raise funds, then use that money to accumulate Bitcoin. Sound familiar? That’s right, it’s similar to the strategy behind Strategy’s STRC token.
More and more traditional publicly listed companies are starting to explore this path—issuing on-chain tokens to fund their Bitcoin strategies. Metaplanet is now bringing this model to the Japanese market. It’ll be interesting to see how large the funding scale can get and how well the market accepts it. Definitely something worth watching.
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PoolJumper
· 12-08 11:47
Damn, it's the same trick again—issuing a token to hoard Bitcoin... Is this for real?
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AirdropHuntress
· 12-08 11:46
After research and analysis, I've seen Metaplanet's tricks before. It's just another capital game with a new twist.
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StablecoinEnjoyer
· 12-08 11:42
Damn, Japanese companies are getting into this too. Are traditional big corporations all starting to hoard Bitcoin now?
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AirdropHunter420
· 12-08 11:37
This is the same old trick in the crypto world—issuing a token to raise funds to buy Bitcoin.
It's pretty ridiculous that Japanese companies are jumping on the bandwagon too, but there's nothing wrong with hoarding Bitcoin.
After Strategy, now Metaplanet is doing it as well. Feels like this model is getting played out.
Wait, raising funds to buy Bitcoin? Why not just buy it directly?
Yet another token to fleece retail investors. I'll just watch and not participate.
This approach has some merit, but who's going to take on the risk?
The king of copycats has appeared—even traditional big companies are starting to play these games.
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TokenomicsTinfoilHat
· 12-08 11:30
Damn, another crypto variant. They didn't even bother to change the name MARS.
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0xOverleveraged
· 12-08 11:29
Here comes another token pegged to Bitcoin. This gimmick just never ends.
Japanese listed company Metaplanet issues MARS tokens to raise funds for purchasing Bitcoin
[Crypto World] There’s new action coming out of Japan. The publicly listed company Metaplanet has recently launched the MARS token, built directly on the Ethereum chain.
Their approach is pretty straightforward: issue a token to raise funds, then use that money to accumulate Bitcoin. Sound familiar? That’s right, it’s similar to the strategy behind Strategy’s STRC token.
More and more traditional publicly listed companies are starting to explore this path—issuing on-chain tokens to fund their Bitcoin strategies. Metaplanet is now bringing this model to the Japanese market. It’ll be interesting to see how large the funding scale can get and how well the market accepts it. Definitely something worth watching.