The MOLLARS ICO is Now Live
The initial coin offering for MOLLARS, a store of value token on Ethereum (ETH), is now live. Designed to serve as the new “Bitcoin (BTC)” of the ERC-20 and Ethereum community, crypto traders have already purchased 0.07% of the total supply of MOLLARS allocated.
What This New ERC-20 Token Is About
Molars is a fully decentralized, community-driven project, designed as a store of value token for the Ethereum ecosystem. It aims to become the “Bitcoin of Ethereum’s blockchain” with no owner and no tokens being held by developers, just as Satoshi is believed to have done with Bitcoin.
The ongoing token presale is to raise funds from the community to build technology, market, and launch a single web3 product that will be a catalyst for MOLLARS demand. So far, over 18,000 MOLLARS have been bought. Crypto Investors can use Tether (USDT), Ethereum (ETH), or a credit card to buy the token. The project plans to raise $2 million, the hard cap, by the time the crowdfunding event ends in mid Q2 2024.
Liquidity and Governance
Similar to the original design of Bitcoin, MOLLARS focuses on building a community of retail investors due to its commitment to decentralization, thereby eliminating the centralization of control. As such, the MOLLARS distributed follows guiding and foundational principles guiding decentralized crypto projects.
Funds raised in the ongoing presale will go into developing its long-term liquidity pool (LP) of $1 million. This LP will of course be verified with governance verification. The 7-figure pool would help provide a solid foundation for MOLLARS’ liquidity, even supporting prices and ranking on crypto indices such as CoinGecko and CoinMarketCap.
Hot Take: MOLLARS ICO Aims to Become the “Bitcoin of Ethereum”
The MOLLARS ICO is now live, offering a store of value token on Ethereum. This fully decentralized project aims to become the “Bitcoin of Ethereum’s blockchain” with no owner and no tokens held by developers. The ongoing presale is raising funds to build technology, market, and launch a web3 product that will drive MOLLARS demand. So far, over 18,000 MOLLARS have been purchased, with investors able to buy using Tether, Ethereum, or a credit card. The project plans to raise $2 million by mid Q2 2024. Additionally, MOLLARS focuses on community building and decentralization, following the principles of decentralized crypto projects. Funds raised will contribute to a $1 million liquidity pool, ensuring stability and supporting prices.
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