Bitcoin has no defined owner and it is a store of value for investors. That’s what’s made the token avoid SEC troubles and why its value has soared from less than US$1.00 to over US$60,000 at its peak. Other tokens since have been led by owners who are in the spotlight and have their own share of tokens at their disposal.
A new ERC-20 token named Mollars has launched their ICO and will utilize that same concept of decentralization as Bitcoin’s founder Satoshi had.
The new Initial Coin Offering for the $MOLLARS token is open now via their official website, giving traders the opportunity to buy the token at US$0.30 [cents] per coin. An immediate 620 tokens have sold in the last 24 hours as news sites have begun coverage, totalling to over US$200.
There is a total supply worth US$2,000,000 in tokens available to investors.
The price of US$0.30 cents per token that’s available today will increase once first funding round goals have been met.
A new crypto product will be launched in conjunction with the Mollars ($MOLLARS) token in 2nd quarter 2024. This is expected to be a metaverse or web3 project, but this has yet to be confirmed — rich speculation.
The launching of the new crypto product is what makes Mollars a Hybrid token that’s following the path of both Bitcoin (BTC) and memecoins like Dogecoin (DOGE), Golden Inu (GOLDEN), Floki Inu (FLOKI), and Shiba Inua (SHIB). However, since the product is not for-profit and will be self-maintained, just as the coin, it will not give the $MOLLARS token the label of a crypto security.
The Mollars tokens will be pegged to the Ethereum blockchain, making it a new ERC-20 token for 2024. One prominent crypto site has already labeled it as the best investment to make for 2024.
The high funding goals are one of the reasons for this label. Mollars creator made a tweet about the large fundraising goal, elaborating on how the $2-million raised will be used to make sure the token has a highly ranked liquidity pool. This should in turn boost daily transaction volume and brand awareness, creating more support for the overall Mollars tokenomics
Ideally, the $Mollars token will see an increase of around +1,000% upon its completion of the Initial Coin Offering [ICO] and listing on a decentralized cryptocurrency exchange [DEX]. From there, the web3 product, if it can generate just 1000 users, could see the ERC-20 token’s value increase even +1000% more.
Such a +2000% increase would mean a US$1000 investment today would be worth US$20,000 at that milestone event.
There’s also a chance that the Mollars brand, which has easy recognizance value due to its similarity to the globally known word ‘dollar’ could go viral and into hyper marketing. If this were to happen, the value could go tremendously higher.
And though it’s unlikely, there’s also the reality that any business can fail. However, with cryptocurrencies currently being the best investment one can make of any product in 2023 — a profit is much more likely.
See the current status of the Mollars token’s initial coin offering via their official website and follow their social communities for daily updates.
