Mars Space X Coin is a new cryptocurrency that’s been gaining a lot of attention lately. In fact, at the time of writing, the coin is up 428.29%. Therefore, it’s not surprising that people are eager to know more about the coin. The coin is developed to help fulfil the goal of colonizing Mars, according to its creators. Therefore, many people were wondering if the coin has anything to do with Elon Musk or his company Space X. Come on, let's find out!
What is Mars Space X Coin?
We all know that Mars is one of the planets in our solar system and the best candidate for terraforming. However, colonizing Mars is an extremely expensive process. According to Space X CEO Elon Musk, it would cost between $100 billion and $10 trillion. That's a lot of money, and the Mars Space X coin was created with the aim to raise funds for this project.
According to its official website, the project aims to achieve the ultimate goal of emigrating to Mars. In contrast to what the name would suggest, Space X or Elon Musk has nothing to do with the Mars Space X coin. The developer(s) of the coin is anonymous and clearly does not have any affiliation with Space X or Elon Musk. This is what the official site says about the whole Mars project:
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Is Mars Space X a Scam?
Mars Space X Coin doesn't have any proof of its own existence. It's not clear whether the team behind the project is real or not, and the official website does not provide any details regarding the team. Neither does it provide any white paper or a roadmap. This makes us think that the Mars Space X coin is a scam.
Besides all, there are actual investors of the coin affirming it's a hoax on the IsThisCoinaScam website. One person said:
It's certainly a scam. Therefore, it's not recommended to invest in Mars Space X Coin. In order to avoid such kinds of scams, we suggest you do your own research about a project before you invest. Never invest more than you can afford to lose. It's better to invest in coins that have a clear team and a well-defined roadmap.
Despite all that, the Mars Space X coin is performing quite well on the market. The price of the coin is $1.14 USD with a 24-hour trading volume of $5,745.62 USD. MPX coin is down 8.49% in the last 24 hours, according to CoinMarketCap.