Mollars Token Presale Extended as First Crypto Exchange Confirms Launch
Mollars token’s presale has had an extraordinary year, emerging as the leading verifiable cryptocurrency initial coin offering (ICO). The transparency of their ICO wallet addresses allows investors to verify that over 67% of the $1.2 million raised has been sold. Now, the store of value token for the Ethereum Blockchain has extended its presale to allow Bitmart crypto exchange enough time to confirm its launch on their CEX platform.
BitMart expressed its excitement about the upcoming listing of Mollars token (MOLLARS) on Twitter. As a popular crypto exchange with over 9 million users worldwide, BitMart is the first to confirm the launch of Mollars token. With a total token supply of just 10 million, it is possible that this one exchange alone may exhaust all the available $MOLLARS tokens.
However, BitMart is not the only exchange planning to list Mollars. According to an official post on Reddit, multiple exchanges have already confirmed their intention to list this new Bitcoin rival. The names of these exchanges cannot be released until after the token has been launched due to CEXES policy.
Although there is a slight delay in the launch date, which has been pushed back to May 31st, the extension allows more time for cryptocurrency investors to participate in the initial coin offering. It also helps ensure that the liquidity pool reaches or comes close to $1 million.
The token presale has a hard cap of $2 million, which will be distributed between the liquidity pool and brand development, as outlined in the tokenomics report on Mollars.com. A review of the Mollars tokenomics by crypto news show host, Ari, deemed the structure legitimate and highlighted its potential for explosive token growth, with the possibility of a 20x return on investment for ICO investors.
The extension of the ICO is also attributed to the loss of 45 days during the ICO period. Previously, the domain registry shell company “NJAL.LA,” owned by one of the cofounders of SilkRoad, attempted to hijack Mollars.com. CryptoNews.com promptly reported on the situation, including the names of the parties involved, resulting in a quick reversal of the action.
Before this incident, the Mollars token presale was averaging around 90,000 token sales per day. It took nearly 1.5 months for the ICO to reach similar averages again. Currently, the Mollars ICO is back to its normal pre-sales totals, with crypto investors purchasing nearly $28,000 (9.3 ETH) worth of $MOLLARS tokens in the last 24 hours alone.
If these statistics continue, excluding weekends, Mollars is projected to raise over $650,000 before the May 31st deadline. This would put the ICO very close to its hard cap, solidifying the liquidity pool for the store-of-value token and maximizing its price potential on listing day.
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