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The Mollars token presale has been extended as the first cryptocurrency exchange confirms its launch
The Mollars token pre-sale has had an exciting 2024, becoming the leading verifiable initial cryptocurrency coin offering. Transparent with their ICO wallet addresses, every part of the $1.2 million raised so far can be verified by investors as exceeds 67% sold out. Now, the store-of-value token for Ethereum Blockchain has extended its pre-sale, giving cryptocurrency exchange Bitmart time to confirm its launch on its CEX.
“#BitMart is excited to announce the upcoming listing of the Mollars token (MOLLARS) @mollarstoken,” the popular cryptocurrency exchange wrote on [fka twitter].
Confirmed that 9 million cryptocurrency traders will have access to Mollar
The major cryptocurrency exchange has over 9 million users internationally and is the first to confirm the launch of the Mollars token. With a total token supply of just 10 million, perhaps a single trade would be enough to exhaust all $MOLLARS tokens.
In any case, it is not the only exchange ready to list Mollars. Second an official post on Reddit, several exchanges have already confirmed that they will list the new Bitcoin rival. Due to CEXES policy, however, the names cannot be released before the token launch.
However, the listings come at a light price; The Mollars token had to postpone its launch date to the end of the month, May 31st.
Reason for ICO extension
The withdrawal will allow cryptocurrency investors more time to invest in the new cryptocurrency during the initial coin offering phase, but will also help ensure that the liquidity pool is at $1 million or as close to it as possible.
The presale of this token has a maximum limit of $2 million, which will be distributed between the liquidity pool and brand development according to the tokenomics report [via Mollars.com].
Host of the Crypto News Youtube program, “Ari,” performed a review of Mollars tokenomics calling the structure legitimate and showing the potential for “explosive” token growth; perhaps a 20x ROI for ICO investors.
Other reasons cited for the extension include the loss of 45 days during the ICO. Previously, the domain registry shell company “NJAL.LA”, owned by one of SilkRoad’s co-founders, attempted to hijack Mollars.com. The action was quickly called off after CryptoNews.com published it an account of the situationincluding the names of the parties involved.
Prior to this situation, the Mollars token presale averaged around 90,000 token sales per day. It takes almost a month and a half for the ICO to reach similar averages.
Today, Mollar’s initial coin offering has returned to normal pre-sale totals. Cryptocurrency investors bought nearly $28,000 [9.3ETH] of $MOLLARS tokens in the last 24 hours only.
If these statistics continue, excluding weekends, Mollars is expected to raise over $650,000 between now and the May 31 deadline; Enough to bring the ICO very close to the hard cap. This would help consolidate the liquidity pool of the store-of-value token and maximize the price potential of the token on the day of listing.