More than 70% of the Mollars presale token supply has been sold, indicating a successful Initial Coin Offering event. Mollars, a new store-of-value asset, aims to address the high Bitcoin blockchain fees for the 250 million users on the Ethereum Blockchain. The investors have contributed $1.3 million, with additional opportunities for interested parties to participate. LBank has officially confirmed the listing of this new cryptocurrency on its platform. The listing on public exchanges is scheduled for June 1st after the ICO concludes.
The announcement aims to dispel fears of rug pulls commonly associated with ICOs and token presales. Rug pulls can occur quickly or slowly, leading to funds being lost for investors. Mollars has secured listings on both LBank and Bitmart exchanges, ensuring access to the token supply necessary for potential investors. The founders of Mollars have made it clear in the whitepaper that they will not hold any free tokens, decreasing the likelihood of a slow rug pull scenario.
Investors who delayed investing in Mollars may have missed out on significant returns as the token price has increased. The final round of fundraising for Mollars is approaching, and the token price is set to rise further before its expected listing on major exchanges.
The Mollars token presale has garnered substantial interest, and a successful hard cap would result in impressive ROI gains for early investors. The token has a total supply of 10 million tokens, creating scarcity that could drive up the price over time.
Investors can purchase Mollars using Ethereum (ETH) or Tether (USDT) and may also use credit cards for larger investments. The project aims to become deflationary over time by burning unsold tokens and limiting the total supply to 10,000,000 tokens.
The upcoming listing of Mollars on exchanges like LBank and Bitmart is expected to attract more users and increase adoption of the cryptocurrency. These developments could have a significant impact on the value and popularity of Mollars among crypto enthusiasts.
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