LBank announces the listing of Mollars (MOLLARS) following its ICO close on June 1, 2024, with the project nearing a sold-out event and raising $1.3 million.
Crypto exchange LBank has announced on X (Twitter) that Mollars (MOLLARS) will be listed 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 attracted $1.3 million.
Experts believe that since the Mollars project is set to list on major exchanges such as LBank and Bitmart, there is a lower risk of rug pulls due to stringent measures and transparency. Both these exchanges have reviewed the project’s whitepaper and tokenomics, ensuring a reliable token supply and liquidity for investors.
Mollars has declared in its whitepaper that neither its founders nor developers will hold any ‘free tokens,’ capping the total supply at 10 million tokens. This stance, combined with the exchanges’ oversight, significantly lowers the possibility of both fast and slow rug pulls.
Interestingly, a video produced by the Mollars founder debating the pitfalls of stashed BTCs had gone viral just last week. The video sparked discussions about the 1 million Bitcoins Satoshi Nakamoto has in his ‘stash’ wallet.
Considering Mollars’ performance so far, analysts are of the opinion that investors entering 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.
With the ICO progressing to its final round soon, the price is set to increase to $0.60 per token, limiting future ROI as the presale approaches its $2 million hard cap.
If that hard cap limit is reached, the Mollars token will list on crypto exchanges at $0.62. This would mean that investors from today and the first round could see immediate ROI yields of +12% and +77%, respectively.
Moreover, Analyst Ari of CryptoNews has suggested the token could easily reach a price of over $14 due to its low finite supply, utility, and overall popularity. If Ari’s predictions are to come true, this could turn a $26,000 investment into millions.
Currently, the largest investment in the Mollars ICO is $16,367 by a whale. Their investment would net them $638,313.
As an SOV, the asset was 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 plans to burn all unsold tokens by the June 1st ICO, potentially reducing the total supply further.
Read more: Mollars founder’s video sparks debate, critiques Bitcoin’s hidden costs
