LBank to list Mollars following ICO close

LBank announced the listing of Mollars (MOLLARS) following the ICO closing on June 1, 2024; the project is approaching a sold-out event, raising $1.3 million.

Crypto exchange LBank announced via X (Twitter) that Mollars (MOLLARS) will be listed on its platform after its ICO concludes on June 1, 2024. The Mollars project is approaching a sold-out Initial Coin Offering, having already attracted $1.3. million.

Experts believe that the risk of withdrawal from the market is lower due to strict measures and transparency, as the Mollars project is listed on major exchanges such as LBank and Bitmart. Both exchanges have reviewed the technical whitepaper and tokenomics of the project, ensuring a reliable token supply and liquidity for investors.

Mollars clarified in his white paper that neither the founders nor the developers will have any ‘free tokens’ and the total supply will be limited to 10 million tokens. This stance, combined with oversight of exchanges, significantly reduces the likelihood of both fast and slow rug pulls.

Interestingly, a video made by the founder of Mollars discussing the pitfalls of storing BTC went viral just last week. The video sparked controversy about the 1 million Bitcoins found in Satoshi Nakamoto’s ‘stash’ wallet.

Considering Mollars’ performance so far, analysts are of the view that investors who entered the Mollars token presale in round five at $0.55 per token may have missed out on a potential 45% gain from the starting price of $0.35.

With the ICO heading into its final round soon, the price is scheduled to rise to $0.60 per token, limiting future ROI as the pre-sale approaches the $2 million hard cap.

If this hard cap limit is reached, the Mollars token will be listed on crypto exchanges at $0.62. This means that investors in today’s and first round can earn a return on investment of +12% and +77% respectively.

Moreover, CryptoNews Analyst Ari suggested that the token could easily reach a price above $14 due to its limited supply, utility, and overall popularity. If Ari’s predictions come true, this could turn a $26,000 investment into millions.

Currently the largest investment in Mollars ICO is $16,367 by a whale. Their investment will net them $638,313.

As an SOV, the asset is designed to become deflationary over time. Mollars’ strategy relies on its limited supply of 10 million tokens to increase prices as demand increases. The project plans to burn all unsold tokens by the June 1 ICO, potentially reducing the total supply even further.