Ethereum Blockchain now has its own version of Bitcoin — the Mollars token.
However, this new store-of-value token will be more scarce, with half the total token supply. While BTC has 21-million tokens minted, the $MOLLARS cryptocurrency will only allow 10-million tokens.
This comes after Bitcoin-blockchain reached an all-time high in transaction fees and a lead developer decided to ‘fix’ the problem. How so? Simple; Create a token that’s on the crypto world’s leading blockchain technology, which charges traders -80% less for each buy & sell transaction [on average].
Hundreds of Thousands of Crypto Wallets Have Mollars Staked
Currently in presale, hundreds of thousands of crypto wallets have already staked claims on this new store-of-value token by pre-purchasing $MOLLARS via their ICO on Mollars.com. A massively impressive, $1.18-million-dollars has been raised thus far in the initial coin offering.
Only 4-million Mollars tokens will be sold during the ICO. These will be sent to investors after the live presale closes out. Then traders who completed their pre-purchases will get their coins at the click of a ‘claim’ button as other offerings have done, a typical process.
Nearly 50% of that presale supply has already been sold, with the token’s price increasing with each closed round of the investor event.
Though it has a deadline of May 2024, the initial coin offering can also be closed if the presale supply of tokens sells out; Slightly over 2-million left of 4-million.
Late Buyers May Miss This Opportunity For Early Investors
At one point, crypto investors were buying nearly 100K tokens daily. While those numbers have fluctuated heavily lately, the ICO is still projected to close early. This prediction is shared by most analysts majorly in part to the frequent joining of crypto whales, who are scoring large sums of tokens for already deeply invested portfolios.
This is a unique project for the Ethereum blockchain but should be welcomed by any crypto users buying cryptocurrencies to fight the global inflation of this era. “Mollars Saves Dollars,” for these types of investors by cutting down on buy-sell transaction costs and will also save traders time by completing transactions faster.
Mollars Token Will Be Used By Decentralized Crypto Exchange
More recently, an announcement by the Mollars project developers, made it clear the ‘super-scarce’ supply of tokens could be even more limited than initially thought. With 10-million being an ultra-low number of tokens to mint in comparison to Bitcoin, Mollars will also be the native coin for a new decentralized cryptocurrency exchange [DEX] that’s to be launched on Mollars.cc, the brand’s alternate domain.
This decentralized application could make the supply further limited than shown in visual numbers. Cross-chain transactions done on the DEX are expected to rely on the native token, which means a certain supply should be held for transactional use.
As for the release date, Mollars crypto exchange will launch shortly after the end of this Initial Coin Offering. It’s not only a useful tool to further the decentralization of finance, but it’s also expected to catapult the value of the $MOLLARS token as more crypto-enthusiasts begin to use it.
Details of plans for the new DEX have yet to be released. However, more specific information is expected to surface in coming weeks as the Initial Coin offering comes closer to its end.
What If 1% of Ethereum Blockchain Users Buy Mollars?
Ethereum-Blockchain has over 250-million crypto wallets using it. If even 1% or 2-million users begin to use the Mollars token, its price could begin to take on a similar trajectory to that of Bitcoin in its early years.
Today, Bitcoin is worth nearly $67,000 per token with just under 242-million wallets holding the prized deflationary cryptocurrency asset. Broken down in fractional math, this could allude to the idea that each wallet that purchased a piece of Bitcoin added ~$0.0002768595 to the coin’s value.
If that same mathematical formula was applied in reverse to $Mollars, at its current status with around 100,0000 wallets staking claims to presold tokens, the SoV token could reach a value of $27.69 upon launch. Furthermore, with it having only half the supply of Bitcoin, perhaps that could double that forecasted value or more.
In terms of ROI yields, a presale purchase today of 1 $Mollars token at $0.50 would give a trader a take home profit of $27.19.
Extremely High ROI Yields If This Happens
If 1% of users of Ethereum-blockchain, approximately 2.5-million wallets, purchased $Mollars and held it with similar demand as Bitcoin in 2011-2022, the numbers would be far higher. That trajectory and amount of users would leave the Mollars token at a price of $692.14 (USD).
The take home profits for this type of hyper-parabolic price increase would be massive. Per token purchased today during the 4th round of the presale, an investor would gain $$691.64 on each $MOLLARS held in their wallet.
Nonetheless, for now it appears there’s investors that get the bigger picture of this new store-of-value token. $1.18-million-dollars (USD) in $MOLLARS tokens has been sold
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