Blockchain
Ethereum-Blockchain’s new rival token for Bitcoin has half the total supply
Mollari Token presale, simply put, is on fire. It is perhaps the most attractive initial coin offering of 2024 and impressive price predictions (1,2,3) come from august DeFi analysts. With just days to go before the June 2 launch date for a plethora of cryptocurrency exchanges, the total supply of tokens looks like it could quickly run out. Only 10 million Mollars tokens will be minted for Ethereum-Blockchain, Bitcoin’s new rival, and the first 3 exchanges to confirm they are listing the token have over 20 million users.
“Total token supply” is the number of tokens a cryptocurrency will mint; finite or infinite, this information is always available to the public.
Mollars TTS is set for just 10 million. In comparison, Bitcoin is its main rival and has a TTS of 21 million. That limited supply coupled with over 400 million people believed to be using the cryptocurrency today, is why the price of Bitcoin has risen as high as $70,000. Investors have been buying and selling $BTC coins at such a high rate that demand has outpaced supply, leaving traders with only “fractional” pieces to buy. The feverish buying has generated a valuable digital asset, with money trapped in the liquidity pool to support it.
What does Mollars offer to Decentralized Finance?
Mollari The token is the Ethereum-Blockchain version of BTC. It will offer the same features as store-of-value assets along with a deflationary token burn system.
In addition to the token, Mollars will also launch a decentralized cryptocurrency exchange on its secondary domain, Mollars.CC. Details on the exchange are expected to be published in the next week. Information on the DEX could have a big influence on token presales until the Mollars ICO close deadline on June 2nd.
Will minting just half of the total Bitcoin supply push prices higher?
Of the 10 million tokens to be minted, 4 million were allocated at the initial fundraising coin offering event. Nearly 3 million tokens were pre-sold, before ERC-20 crypto was live on any public cryptocurrency exchange.
Yesterday, a huge sum of $1.4 million was surpassed in the Mollars ICO event. Cryptocurrency traders appear to have a deep reverence for the store-of-value token, with one top investor investing over $20,000 (USD) in the presale.
Positive points
Other positive notes for the Mollars token so far include mentions in various DeFi media and cryptocurrency exchange listing announcements. The new ERC-20 token has also garnered very positive predictions from respected show hosts and writers.
Google’s data was also favorable for investors. The Google Trends app reports that “Mollari” is already as popular in terms of search queries as the major cryptocurrencies, Pepe (PEPE) and Bonk Inu (BONK) tokens. The popularity has caused major investor migrations away from popular cryptocurrencies like Kaspa (KAS) at Mollars ICO.
Currently priced at $0.55 (cents) per token, the $MOLLARS presale is in its fifth of 6 funding rounds. The fifth round will close once 3 million tokens have been sold. After this milestone, the ICO event will move to the sixth round of funding and automatically increase the offering price of the token to $0.60.