Lbank Becomes the Second Crypto Exchange to Announce Listing of Mollars Token, a New Bitcoin Competitor

LBank, a major cryptocurrency exchange with 7 million users, has announced that it will list the Mollars (MOLLARS) token, a new rival to Bitcoin. The token is gaining traction ahead of its official listing on public crypto exchanges. The token presale is still ongoing, with a new deadline of June 1st. The change in deadline was due to hard cap goals and increased demand from crypto exchanges. Last week, Bitmart exchange also announced that it will list the Mollars token. Now, LBank has joined the list of exchanges that will list the token after May 31st. This is positive news for presale token holders, as LBank has a large user base and is expected to drive up demand for the Mollars token. LBank was founded in 2015 and allows trading of cryptocurrencies with over 149 fiat currencies worldwide. The listing on LBank will make the Mollars token available to an international audience beyond Bitmart. The token has a finite supply of 10 million tokens and is currently priced at $0.55 per token. Only 40% of the total token supply is available in the presale phase. The expected listing price is $0.62, which is 12% higher than the ICO price. Price predictions for Mollars have been between 20x and 44x, but the recent confirmations of listings on exchanges have significantly increased the projected value. The Mollars team has stated that multiple exchanges will list the token, but the names of these exchanges have not been disclosed. In the presale phase, over $1.3 million worth of tokens have been sold, leaving less than 31% of the ICO supply remaining. The ICO is currently in its fifth round, with the sixth round approaching. Investors who participate in the ICO now will see a 12% return on investment on listing day if the token reaches its hard cap and lists at $0.62. Even for investors who join in the final round, the ROI will still be positive, but lower. However, the short-term and long-term price projections for Mollars are much higher than the listing day gains. The founder of Mollars has been in the news recently for criticizing the ideologies behind Bitcoin and Shiba Inu.