Heading to the final days of the presale, the crypto world’s hottest ICO of 2024 & new Bitcoin rival is gearing up for its public exchange debut. As of today, investors have only a few weeks to buy $MOLLARS tokens at a discount before the initial coin offering’s scheduled closing date of May 24.
The funding rounds that initiated earlier this year turned out to be a great success. For a new crypto entering the market, Mollars was able to fund over one million dollars, a mark that a very select group of tokens is able to achieve.
So far, nearly 60% of the total presale supply was sold, totaling over 22% of the total $MOLLARS supply to ever exist. Once the crypto hits the market on the ICO date, over a fifth of the total currency availability will already be owned by the investment community.
Since its arisal, the project was adamant about introducing a reliable and stable cryptocurrency native to the Ethereum Blockchain. For this reason, Mollars was developed to become a deflationary store of value asset where users of the most active blockchain in the world can safeguard their investments from outside pressure.
The Mollars token presale will continue for another couple of weeks, and those interested in the project can track its performance on the official website Mollars.com. Also, the developers release the two presale addresses in ETH, and USDT in order to ensure transparency and trustiness during the funding rounds.
Mollars Developers Received no Free Tokens
Mollars was developed to be completely ownerless, meaning that none of the developers or founders involved in the creation of the project are receiving monetary bonuses in $MOLLARS.
The new token was developed under the ‘fair trade cryptocurrency’ [FTC] norms, ensuring a fair distribution of tokens to the entire industry. Under this guideline, 100% of the total maximum supply of 10 million tokens is available to the public.
By doing so, Mollars ensures that no “self-made whale” exists, i.e. a person involved in the project who owns a large quantity of tokens—making them able to influence the cryptocurrency’s market performance.
Despite most cryptocurrencies labeling themselves as “decentralized” the vast majority of projects do not follow this simple measure of token distribution. For instance, Shiba Inu’s founder is believed to own over $1 billion worth of $SHIB, and even Bitcoin’s creator itself is believed to have become incredibly rich from $BTC.
This ultimately can create issues given the fact that having a wallet controlling 10% (or more) of the total supply creates an imbalance in distribution, giving them too much power for the currency to be deemed “decentralized”
For Mollars, the FTC ensures that the token will only ever be subject to volatility from its performance, adoption, and utility.
Mollars to Become an Exchange
Mollars scarcity and deflationary characteristics are set to be used to full effect once it goes live. During the presale, the developers announced that the project is set to become a decentralized exchange under Mollars.CC.
On top of providing a reliable Store of Value on the Ethereum Blockchain, $MOLLARS as the native token of a DEX could fuel even more potential returns for early investors. With a scarce supply of 10 million, the market has never seen a DEX token this scarce.
By facilitating cross-chain transactions, then Mollars token’s usability and scarcity would play a significant impact on the value of each individual token. Just as it happened to assets like Bitcoin and Ethereum, the ability to own one single token is expected to become increasingly more costly as the crypto project evolves into a useful and scarce economy.
The DEX is expected to launch around the same time as the ICO date on May 24.
Mollars to Help Saving Money on Transaction Fees
The upcoming DEX aims to provide cost savings for traders, in addition to the benefits that those seeking a store-of-value digital asset would enjoy by choosing Mollars instead of Bitcoin.
In 2023, the average cost of trading a $BTC coin was $39, with some high-profile traders experiencing losses of over $1 million on single trades.
Leveraging Ethereum layer-1 blockchain technology, Mollars is expected to charge an average fee of $7 per trade in 2023. This represents an 80% reduction compared to its top competitor, Bitcoin.
While the future of any investment asset is never certain, the use cases of Mollars make it difficult to ignore the potential of this ERC-20 cryptocurrency.
Scheduled to launch shortly after the Bitcoin halving, the Mollars ICO could be a bright spot during the anticipated market decline in the crypto industry. As long as the cryptocurrency continues to gain visibility, its value should increase from its current ICO stage.