A new ICO promising to reshape the way investors see Bitcoin fees & Store-of-Value tokens on the Ethereum Blockchain is causing a stir in the crypto space.
Mollars, a digital currency designed to function as ERC-20’s store of value, is seeing a parabolic jump in presale token activity. Investors are purchasing the token at record paces with the ICO selling over 133 tokens per second on Tuesday. Due to the parabolic uptrend, holders of prominent ERC-20 currencies in the crypto space, such as Ethereum, USDT, Shiba Inu, and Kaspa, are migrating towards this new project.
According to Mollars presale wallet address, Kaspa investors have been buying the new token at the second fastest growing rate. This precedent has opened conversation in the $KASPA communities about the potential of the $MOLLARS token and how it can yield far greater ROIs than any of the memecoins on the market.
Understanding Kaspa
Kaspa, a decentralized, open-source, and fully scalable Layer-1 solution, was a favorite among memecoin enthusiasts exiting Q4 of 2023. The project is cited as one of the most robust proof-of-work engines to appear in the market over the past three years. Rapid single-second block intervals and implementation of the GHOSTDAG protocol have made it a popular choice for investors seeking speed, scalability, and security in their crypto investments.
The GHOSTDAG protocol allows blocks created in parallel to coexist and orders them in consensus, providing a secure operation while maintaining very high block rates.
While Kaspa and Ethereum are separate blockchains, there is a connection between them through — wKAS. Despite it being an exclusive layer-1, a lot of the users are active on the ERC-20 as well.
Mollars Is a Solution To A Big Issue for Bitcoin Traders
Nonetheless, with all the technologies, Kaspa does not offer a solution to a major problem as Mollars does. This is why many investors are migrating thousands of dollars into the ‘bitcoin killer’ initial coin offering.
Bitcoin has the highest fees of all blockchains to date. Traders lost an average of $39 per transaction (buy or sell) last year in 2023 for engaging with the cryptocurrency. The reason people pay the fees however, the $BTC is a store-of-value token that is getting approved by the United States SEC for a spot ETF. Major investment agencies can dump billions of dollars into Bitcoin now.
Kaspa, on the other hand, will not have its blockchain nor native coin approved this way.
Spot ETF Approval for Ethereum could be another catalyst for Mollars
Ether will be approved for the spot ETFs in May 2023 on the other hand. And Mollars is a store-of-value token on the Ethereum-blockchain, that should see direct benefits from the US SEC’s approval of spot Ethereum ETFs.
Not only that, Mollars will be a functional store-of-value token on the world’s best blockchain and have lower swap fees than Bitcoin. In layman’s terms, the $MOLLARS token will have the traits of the $BTC but save traders a healthy percentage of their money.
Unfortunately, Kaspa is far from advancing to this point of adoption and acceptance by the US government. The projection on ROI yield, acceptance, and transaction speed is far greater for Mollars.
There is a ‘bridged’ option for Kaspa to operate with Ether ($ETH) however. A significant portion of investors utilize ‘Wrapped Kaspa’ as a bridge facilitating seamless transactions between $KAS and $ETH. This bridge allows users to engage in Ethereum’s vast DeFi ecosystem using their Kaspa holdings. However, with Ethereum soon getting its own spot ETF approval as Bitcoin just did, many traders believe it’s better to just hold ETH or same-blockchain, ERC-20 tokens.
And now, $KAS investors have a new token capable of storing their money on the Ethereum Blockchain.
How Mollars Is Capturing $KAS Sharks
The Mollars ($MOLLARS) project is designed to save costs from cross-chain transactions, attempting to get Bitcoin. The token could potentially reach 250 million users of the Ethereum Blockchain and save them big bucks on gas fees.
Typically, investors tend to store their assets in Bitcoin due to the power the currency has as a store of value. However, this involves swapping between blockchains, which leads to costlier transactions.
After the Bitcoin Ordinals boom of the last year, gas fees in the blockchain have reached record-high numbers. This development makes it less attractive to switch tokens to $BTC, and opens up a need for a reliable SoV on the Ethereum Blockchain.
Spotting the need for a solution, one, developer initiated the “Mollars Save Dollars” campaign, with the goal of introducing a novel token that fulfills all the requisites of an SoV (Store of Value) token directly within the Ethereum Blockchain.
With a limited supply of 10 million tokens, Mollars presents a compelling case for investors seeking a deflationary asset. But what exactly makes Mollars stand out in the crowded crypto market?
The token’s supply is remarkably constrained, surpassing even Bitcoin in scarcity. This characteristic positions $MOLLARS as a robust asset for long-term holding.
Scarcity inherently contributes to its increasing deflationary nature over time. Furthermore, mirroring $BTC, this project operates in an entirely ownerless fashion.
This setup ensures that holders exercise complete control and autonomy over their $MOLLARS, free from any centralized authority or ownership meddling in the token’s governance or operations.
Why are Kaspa Investors Moving To Mollars?
Several factors are contributing to this shift. First and foremost, the Mollars Initial Coin Offering (ICO) presents investors with a promising opportunity. The token is currently being sold for only $0.30, and those who buy now could potentially see a return on their investment exceeding 100% upon the currency’s initial launch. This low entry point and the potential for high returns make Mollars an attractive proposition for investors.
Also, Mollars’ role as a store of value provides a hedge against the volatility of other cryptocurrencies. For Kaspa investors, this means they could potentially use Mollars to protect their assets from market fluctuations while still participating in the potential upside of the crypto market.
This dual benefit of potential growth and risk mitigation is a key factor driving the shift towards Mollars.
Mollars Presale Explained
The Mollars token presale is an opportunity for early adopters to invest in the cryptocurrency at a lower price than its fair market value. The presale is structured into six rounds, with each round offering a specific number of $MOLLARS at a set price. The fundraising is 100% decentralized on Ethereum, and the claim will be manual.
Here’s a breakdown of the fundraising rounds:
- Round 1 (SOLD OUT): 250,000 $MOLLARS available at $0.30 each, for a total of $60,000.
- Round 2 (SOLD OUT): 300,000 $MOLLARS available at $0.40 each, for a total of $120,000.
- Round 3: 700,000 $MOLLARS available at $0.45 each, for a total of $315,000.
- Round 4: 1,200,000 $MOLLARS available at $0.50 each, for a total of $600,000.
- Round 5: 1,100,000 $MOLLARS available at $0.55 each, for a total of $605,000.
- Round 6: 500,000 $MOLLARS available at $0.60 each, for a total of $300,000.
On listing date, the token will be listed at $0.62, providing a fast ROI yield for early presale adopters. However, the true growth of the project is expected to happen in the months following its presale. Given its extremely limited supply and its popularity as Ethereum’s Store-of-Value (SoV), Mollars has prediction of goliath growth.
Those looking to acquire the token at $0.45 are running out of time. As of today, the 3rd round of the presale is already 22% filled. Investors must act quickly in purchasing $Mollars as yesterday, the entire 2nd round of 300,000 tokens was fulfilled in under 24 hours.
Potential 9,500,000% Growth
Mollars similarities to Bitcoin pave the way for the predictions that the currency could have a similar performance to the World’s most famous crypto in regards to long-term ROI.
As the Mollars ICO draws to a close, investors are turning their attention to the token’s potential growth post-ICO. Drawing parallels with the growth trajectory of BTC, the potential for the new ERC-20 token’s growth in value is substantial.
Wildcard predictions shared on CoinMarketCap suggest a +9,500,000% ROI yield if Mollars follows a similar growth trajectory to Bitcoin, token for token. Given that its supply is even more limited than the world’s largest currency, it lives in the most active blockchain, investors hope for a similar parabolic growth for the new Bitcoin challenger in the future.