Live Presale: ERC-20 Version Of Bitcoin (BTC) Could Yield +990% Gains
One of the most promising ICOs this year, the Mollars token is getting ready to enter its last sprint of its token presale, before hitting the market on May 1st. The project started in December, has already garnered a substantial community, and sold over 1.2 million dollars worth of $MOLLARS in this short time frame.
The project was specifically designed to function as a ‘store of value’ akin to Bitcoin, on the Ethereum Blockchain—and the similarities to the world’s largest crypto go beyond marketing. Both currencies are extremely scarce, ownerless, decentralized, and deflationary. mple. The Ethereum Blockchain is today the most active network, not only in users’ transactions but also in developer activity.
This means that the vast majority of crypto enthusiasts who are keen on new developments and Web3 products are likely to be active on the Ethereum Blockchain as well. However, moving tokens from a SoV like $BTC to the ERC-20 has become incredibly costly.
Bitcoin’s transaction fee is currently near its all-time high. According to a report from TradingView, the network saw a surge of 288% in fees since February 25th. In counterpart, Molars will enter the market as a currency designed to become even more deflationary than Bitcoin itself, with the benefit of being an Ethereum Blockchain native.
Mollars and Bitcoin Similarities
The similarities between the two currencies are noteworthy because both assets are extremely scarce, decentralized, and ownerless.
While Bitcoin has a maximum total supply of 21 million tokens,—i.e. the maximum number of tokens to ever be minted—$MOLLARS has a supply of less than half than that: 10 million tokens.
Also, both currencies follow the same ethos by not having any tokens owned by developers. On that note, Mollars could be considered even more decentralized, according to reports that Satoshi Nakamoto mined 22,000 BTC blocks for himself, currently worth over $50 billion.
Finally, due to their store of value features, both currencies function as a hedge against inflation, protecting holders’ purchasing power in times of economic uncertainty or currency devaluation.
This feature is particularly appealing to investors seeking to diversify their portfolios and mitigate risks associated with other currencies. Additionally, the decentralized nature of both Bitcoin and $MOLLARS makes them resistant to censorship and control by any single entity, fostering trust and reliability among users worldwide.
Furthermore, the underlying blockchain technology powering both currencies enables transparent and immutable transactions, ensuring security and trust in the network. This shared technological foundation underscores their potential for revolutionizing financial systems and facilitating global transactions with minimal friction.
How to Assess a Token’s Deflationary Capabilities
To evaluate the potential for a currency to become deflationary, one needs to evaluate its supply dynamics, growth potential, velocity of money, and overall market sentiment. Fortunately for Mollars, the new project appears to fill all the checkmarks necessary to become deflationary.
With an extremely limited supply, the token’s market value is poised to increase as demand grows, creating a deflationary effect. Its growth potential is also highlighted by the rapid adoption seen in the presale.
Once $MOLLARS hits the market, its deflationary nature is expected to become more pronounced, further incentivizing holding and reducing circulating supply.
In terms of the velocity of money, the rate at which money circulates in the economy, as the currency becomes scarcer, owning one token will become increasingly more costly. This will likely encourage holders to retain their $MOLLARS rather than spend them, contributing to the deflationary pressure on the circulating supply.
As for market sentiment, the cryptocurrency market is likely to enter its best period in history. Post the Bitcoin ETF that led $BTC to a new all-time high, reports indicate that Ethereum ETF will be happening next. For Mollars, a currency based on Ethereum that is entering the market roughly at the same timeframe, the timing couldn’t be better to capitalize on the positive market sentiment and investor enthusiasm.
Speculating Bitcoin vs Mollars Growth
When assessing the growth potential of Bitcoin compared to Mollars, one must consider several factors, including market exposure, adoption, and future market dynamics.
Bitcoin, being the pioneer cryptocurrency, has garnered widespread recognition and adoption over the years. Its market capitalization and user base are substantial, making it a prominent player in the crypto space. However, this widespread recognition also means that Bitcoin may have already captured a significant portion of its potential market.
On the other hand, Mollars, being a newer entrant into the cryptocurrency market, has not yet reached the same level of exposure. Despite garnering interest and investment during its presale, Mollars is still in its early stages of development and adoption. This presents an opportunity for growth, as Mollars has the potential to attract a broader audience of investors and users who are seeking alternatives within the cryptocurrency ecosystem.
Furthermore, Mollars association with the Ethereum blockchain provides additional growth opportunities. With Ethereum’s active developer community and potential for innovation, Mollars could benefit from integrations with decentralized applications and projects within the Ethereum ecosystem. This could lead to increased utility and demand for Mollars tokens, driving its growth trajectory.
Additionally, the deflationary nature of both Bitcoin and Mollars could impact their growth differently. While Bitcoin’s deflationary characteristics are well-known and understood by the market,deflationary features of Mollars may present a unique value proposition to investors seeking alternative store-of-value assets. As Mollars gains traction and adoption, its deflationary mechanisms could drive demand and contribute to its growth.
Mollars Post-ICO
During the presale, the project recorded sell-outs of over 110,000 $MOLLARS tokens in a single day, several times. Following the initial coin offering (ICO) phase, Mollars is poised for significant growth as it enters the post-listing phase on cryptocurrency exchanges (CEX).
Once listed on established exchanges with millions of users, replicating this success could become more achievable. With the assistance of a designated marketing agency focused on increasing brand recognition, Mollars aims to accelerate its adoption rate.
According to the whitepaper, Mollars is confident that over 100,000 wallets will be adding the ERC-20 token to their holdings daily following its listing on exchanges. This rapid influx of new holders suggests that the milestone of 1 million holders could be attained within just 30 days of listing.
If Mollars were to achieve similar results as Bitcoin currently did during its upbringing, the potential for significant appreciation in value would become apparent. In that scenario, the new token could replicate Bitcoin’s 990% surge in 2011.
With its deflationary nature, association with the Ethereum blockchain, and strategic timing amidst positive market sentiment, Mollars is poised to carve its own path in the cryptocurrency landscape, offering investors a compelling alternative in the pursuit of value preservation and potential growth.