The post Pics of Mollars.CC, a new Decentralized Crypto Exchange Shared, ERC-20 Token Rises +15% in 5 Days appeared first on Coinpedia Fintech News
The Mollars (MOLLARS) token which first listed on crypto exchanges 2 months ago and rose nearly 300% in price before a market correction, may be set to enter a new bull cycle. The developers of the Bitcoin rival for Ethereum’s ERC-20 network revealed pictures of the new crypto exchange set to launch on Mollars.CC today. And thus far, the token has risen +15% in value in 5 days. After the launch of the DEX, the Bitcoin alternative may go much higher.
“Early” is the only word that accompanied the photo of the new cryptocurrency exchange on social media platform X.
The 1-word description is believed to allude to the notion that the exchange will be released before the October deadline given to ICO investors.
The photo has also since been posted on the official Reddit community of the cryptocurrency, MollarsToken. Here, several coin holders have chimed in with positive and critical responses.
Decentralized Exchange: Crypto Trading Without KYC Verification
The new cryptocurrency exchange is decentralized meaning it will be free of KYC verification needs and unrelated to central banking.
Users will be able to swap various tokens and coins, across different blockchains via Mollars.CC once it launches. The “Mollars” token will be used as a bridging token to facilitate all transactions.
How could the new DEX Effect Price of Token?
If cryptocurrency users begin to swap heavily on the Mollars.CC exchange, is projected to have a significant effect on the $MOLLARS token price. Each trade will help push up the daily trade volumes of the ERC-20 token, which is likely to move it up the ranks of coin indexes such as Binance.com, CoinGecko, Uniswap and CoinMarketCap. Heightened visibility generally tends to translate into better branding and more user interest.
With the Mollars token having a total token supply of just 10 million tokens, a growth in popularity paired with investors holding onto the token could lead to a dramatic price increase.
The $MOLLARS cryptocurrency is a deflationary asset that is an alternative to Bitcoin for Ethereum-blockchain users. It’s meant to have a low supply to stave off the inflationary woes of the dollar, increasing in value with use.
Currently priced at $0.15 [cents] per CoinMarketCap, the all-time high of the Mollars token was $1.11 on Uniswap. This price was the listing day ‘boom.’ A correction happened shortly after, bringing the token’s price back down to just under its initial presale price. Many investors simply raked profits.
However, it is still a new token and analysts projected prior to its launch just a few weeks ago, it could go as high as $4 to $5 in a crypto-market bull run. And perhaps, that bullish buying cycle is about to happen.
Mollars Token Rose 15% In Value Since August 5th
The Mollars token rose over 15% in value since it hit a price of $0.12-cents on August 5th, five days ago. Now it’s recovered to nearly 16-cents with photos of the proposed decentralized cryptocurrency exchange being released and reviving crypto trader interests.
The DEX is highly important to the growth of the Mollars token, which will only have 10 million tokens minted for its total supply. The new exchange will utilize the token to facilitate cross-blockchain token swaps, possibly maintaining an even lower average amount of tokens available to buyers.
The importance of that token occupancy is simply one thing; Just like rival store-of-value tokens and the original, Bitcoin, the fewer tokens available should mean the ERC-20 cryptocurrency’s value increases.
The DEX and the token work hand-in-hand boosting the popularity of each other, as Mollars.CC will protect cryptocurrency traders’ privacy while the $MOLLARS token will be required to use it. If users want that privacy, they will have to familiarize themselves with the Mollars token.
The Ethereum blockchain’s first store-of-value token of its kind, Mollars has a unique potential to explode in value as US and Japanese stock markets crash; This sends investors looking for a store-of-value against fiat currencies.
Mollars Tokens Much Cheaper To Trade Than Bitcoin
Being that $MOLLARS on the Ethereum-Blockchain, it also saves investors up to 40% of their buy-sell transaction costs, if they should want to avoid swapping onto the Bitcoin blockchain for BTC.
The highest Bitcoin-Blockchain transaction fee in the last 30 days [ychart] was over 4.5%, while the highest for Ethereum’s network trade fees was only 1.4%. A drastic difference, means the average $1000 Bitcoin transaction costs its holders $40.50 while Mollars token holders would only have had to have paid $10.40.
The stark difference in money saved, once understood by investors & more buy into $MOLLARS could lift the token’s price to unexpected highs.
Interestingly as well, Mollars has found a way to be ‘unpaired’ from the Bitcoin (BTC) price unlike most of the crypto market. It has not followed the trends of the $BTC nor $ETH in the past month, further supporting the idea that the DEX does have an influence in investor decisions.
Once the Mollars.CC crypto exchange launches, the new trading resource will be interesting to watch alongside its native token, $MOLLARS, the Ethereum-Blockchain’s new store-of-value alt-coin. Perhaps it’s time for investors to buy into a ‘dip’ for the chips.