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LBank to List Mollars (MOLLARS) Following Successful ICO
LBank, a leading cryptocurrency exchange, has announced the listing of Mollars (MOLLARS) on its platform following the conclusion of its ICO on June 1, 2024. The Mollars project is nearing a sold-out Initial Coin Offering, having already raised $1.3 million.
Experts believe the listing of Mollars on major exchanges such as LBank and Bitmart reduces the risk of rug pulls due to stringent measures and transparency. Both exchanges have thoroughly reviewed the project’s whitepaper and tokenomics, ensuring a reliable token supply and liquidity for investors.
According to Mollars’ whitepaper, neither its founders nor developers will hold any ‘free tokens,’ capping the total supply at 10 million tokens. This policy, along with the exchanges’ oversight, significantly lowers the possibility of both fast and slow rug pulls.
Recently, a video produced by the Mollars founder discussing the pitfalls of stashed Bitcoins went viral, sparking discussions about Satoshi Nakamoto’s 1 million Bitcoins in his ‘stash’ wallet.
Analysts note that investors who entered the Mollars token presale during its fifth round at $0.55 per token might have missed out on a potential 45% gain from the initial price of $0.35. As the ICO progresses to its final round, the price is set to increase to $0.60 per token, limiting future ROI as the presale nears its $2 million hard cap.
If the hard cap is reached, the Mollars token will list on crypto exchanges at $0.62, offering immediate ROI yields of +12% and +77% for current and early investors, respectively.
Moreover, Analyst Ari of CryptoNews has suggested that the token could easily exceed a price of $14 due to its low finite supply, utility, and overall popularity. If Ari’s predictions hold true, a $26,000 investment could potentially turn into millions.
Currently, the largest investment in the Mollars ICO is $16,367 by a whale, which would net them $638,313.
As a Store of Value (SOV), the asset is designed to become deflationary over time. Mollars’ strategy relies on its limited supply of 10 million tokens to drive prices up as demand increases. The project also plans to burn all unsold tokens by the June 1st ICO, potentially reducing the total supply further.
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