Mollars token presale is surging towards $1-million-dollars raised, surpassing a $700K milestone Thursday afternoon. Just as that news broke, the creator of the token make another announcement via twitter. The second domain being used as a forwarder for the token presale, Mollars.CC, will be the official domain for a new crypto exchange.
The news was sent out in a tweet on X [formerly twitter] yesterday.
“Mollars.CC will be used for our CryptoCurrency Exchange after CEX Listing. It’s official. CC is for CryptoCurrency now” wrote the Mollars project developer.
In an update posted Friday morning, the new DEX was further explained.
New Decentralized Crypto Exchange To Depends on $MOLLARS
First and most importantly, the use of the Mollars.cc exchange will also require the $MOLLARS token to operate. The tweet indicates the store-of-value token will also be used to bridge cross-chain transactions; When actively used by traders, the DEX should lower the supply of tokens available for purchase, which typically increases a token’s value.
The total token supply is already extremely scarce. Only 10-million Mollars will be minted. It’s a finite supply just like its top rival Bitcoin. However, the modernized SOV token has half the supply of BTC; Bitcoin minted 21-million tokens with the founder Satoshi Nakamoto believed to have kept 1-million coins for himself. If the lower supply, alongside a continuance of today’s heightened demand, follows a trajectory similar to that of Bitcoin, it could cause a parabolic uptrend in the $Mollars token price.
Crypto Exchanges Have Increased Crypotcurrency’s Value Historically
Already being considered a better version of Bitcoin by some for its launch on the Ethereum blockchain, benefits from this crypto exchange’s launch could have a mega-positive effect on the Mollars growth.
Crypto exchanges like Crypto.com, Binance, Uniswap, and PancakeSwap all have their own native coin. The gains each of these coins have seen since the launch of the exchanges, though not the only factor in its growth, have been tremendous.
What Was Binance (BNB) Coin ICO Price vs After Crypto Exchange?
Binance Coin is the official cryptocurrency by the worlds #1 centralized crypto exchange [CEX]. The $BNB coin launched its Initial Coin Offering in July of 2017. The coin began at a price of $0.15 [cents] in its first round. 100-million coins were offered to investors at a discounted offer.
Today, 6 years and 7 months from that ICO date, the same $BNB coin is now valued at $358 (USD). This is a +238,567% increase in value. That’s an average of a +3,019% ROI Yield per month since its creation.
The Binance coin first passed the $100 milestone in February of 2021, nearly 4 years after the ICO launch. Smart investors held out however, seeing over 3x the gains by holding coins through until today.
Those that sold out during BNB Coin’s All-Time High [ATH] of $649.20, saw ever bigger profit yields. This ATH was reached on November 12th of 2021.
What Uniswap (UNI) Coin ICO Price? After DEX?
Another popular crypto exchange, Uniswap, has its native $UNI coin. This is a decentralized cryptocurrency exchange [DEX], like that of the Mollars project. Hundreds of millions of users use this and it’s a common source for cryptocurrency ICO’s first listings.
Uniswap (UNI) coin did not have an ICO but instead it was airdropped to platform users and liquidity providers in September 2020 or 3 years and 6 months ago. The ‘free coin’ is believed to have started at or around a price of $1.00 on the 17th, and hit a high of $4.31 before dropping to an all-time low of $0.47 [cents] that same day.
Many people sold their share of the $UNI tokens excited for the chance to grab free money but today, it’s the tortoise crypto investors aka long-term holders who get the last laugh. Buying all the tokens possible on that day at $0.47-cents, would pay off big time today.
Those who bought into the token at that all-time low of $0.46, from its first day of existence, have made huge profit yields. Today the $UNI coin is priced at US$7.44. That’s a +1517.38% profit gain.
In fact, anyone who bought tokens on the initial coin airdrop would have more than doubled their money just by being calm and HODLing [holding on for dear life].
One big difference between the $UNI coin and the $MOLLARS token however is scarcity.
Mollars Is a Hybrid SOV Token, Different from Uniswap’s Coin
Mollars first priority is to be a ‘store of value’ token, then a bridge for cryptocurrency exchanges; Which makes the token even more scarce hypothetically. There will be only 10-million tokens minted, giving it a hedge against inflation.
Uniswap (UNI) Coin on the other hand is solely an exchange-token. It’s not meant to be scarce. A massive 1-billion tokens were minted and it’s almost just a novelty to the Uniswap exchange at this point — though it’s likely more web3 dAPPs are on the horizon that will use it.
In layman’s terms, the overall effects of crypto exchanges being launched with a dependency on a particular coin or token have increased the cryptocurrency’s value. Mollars investors should find the “Mollars.CC” launch news to be a motivating favors for further investment.
Though the ICO has reached a 4th round and the token costs $0.50 [cents] each, there are still major profit yields to be had.
Modern Token vs Bitcoin, An Antiquated Cryptocurrency Founded In 2021
Taking on a giant task of going up against the world’s first ever cryptocurrency, Bitcoin, the crypto exchange is a positive thrust forward and upward for the Mollars brand value. Alongside the launch, the founder is also reminding people of Mollars selfless-ism vs Satoshi Nakamoto.
An ending tweet to today’s update reads:
“Tired of #BitcoinBlockchain fees? Tired of Satoshi Nakamoto’s fees? The Founder who kept 1-Million $Bitcoin for himself. Join the Mollars movement.”
While some may view the message as a bit strong, the Mollars founder more importantly is just giving clarity to why Mollars is needed. Traders are losing millions of dollars unnecessarily to the Bitcoin-blockchain and the $Mollars token aims to offer that same store-of-value, without covering such hefty buy-sell trade fees.
The Mollars token presale has just passed the $700,000 milestone and is surging towards $1-million-dollars in funds raised. At $2-Million-dollars the ICO will close and the new SOV cryptocurrency will launch on its first cryptocurrency exchange for public consumption.
The latest stats on the ICO can be seen via the official website — Mollars.com.
Forty percent or 4-million tokens, of the 10-million to be minted will be offered during the initial coin offering. The remaining six-million $MOLLARS tokens will be available to traders on public crypto trade exchanges.
