MOLLARS’ presale continues as they develop a decentralized ecosystem for storing value
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MOLLARS, a store of value token built on the Ethereum blockchain, has officially launched its initial coin offering (ICO). This new ERC-20 token aims to become the “Bitcoin of Ethereum” and has already seen significant interest from crypto traders, with 0.07% of the total supply of MOLLARS tokens being purchased.
MOLLARS is a decentralized project driven by the community, designed to serve as a store of value within the Ethereum ecosystem. Its goal is to emulate the decentralized nature of Bitcoin, with no ownership or control held by developers. The ongoing token presale aims to raise funds from the community to develop and market a web3 product that will drive demand for MOLLARS.
Currently, over 18,000 MOLLARS tokens have been sold, and investors can purchase them using Tether (USDT), Ethereum (ETH), or a credit card. The project aims to raise $2 million, which is the hard cap, by the end of the crowdfunding event in mid-Q2 2024.
According to the project’s roadmap, the funds raised will be used to develop the smart contracts that will form the foundation of the platform. These contracts will be audited prior to deployment to ensure their security and reliability. MOLLARS will power all transactions on the platform and is compatible with the ERC-20 standard, allowing it to integrate with existing decentralized finance infrastructure.
In addition to its utility as a transactional token, MOLLARS aims to create a web3 product that will add tangible value to the token. This product will be released on the same day the token is listed on crypto exchanges and will enable holders to carry out transactions, raise awareness, onboard more users, and increase daily transactions.
MOLLARS is committed to decentralization and building a community of retail investors, similar to the original design of Bitcoin. The ongoing presale funds will be used to establish a long-term liquidity pool of $1 million, which will be verified through governance protocols. This liquidity pool will provide a solid foundation for MOLLARS’ liquidity and support its price and ranking on crypto indices such as CoinGecko and CoinMarketCap.
In conclusion, MOLLARS is an ambitious project aiming to become the “Bitcoin of Ethereum.” With its decentralized and community-driven approach, it seeks to provide a store of value within the Ethereum ecosystem. Investors can participate in the ongoing token presale using various payment methods, and the project plans to raise $2 million to develop its smart contracts and launch a web3 product.
