LBank announced the listing of Mollars (MOLLARS) following the conclusion of its ICO on June 1, 2024, with the project approaching a sell-out event and raising $1.3 million.
Cryptocurrency exchange LBank announced via X (Twitter) that Mollars (MOLLARS) will be listed on the platform after the ICO ends on June 1, 2024. The Mollars project has already raised $1.3 and is getting close to selling out its initial coin offering. million.
Experts believe that since the Molas project is scheduled to be listed on major exchanges such as LBank and Bitmart, the risk of a rug pull is low due to strict measures and transparency. Both exchanges reviewed the project’s whitepaper and token economics to ensure stable token supply and liquidity for investors.
Mollars declared in its white paper that neither founders nor developers will hold ‘free tokens’ and that the total supply is capped at 10 million tokens. This stance, combined with the exchange’s oversight, significantly reduces the likelihood of fast and slow lug pulls.
Interestingly, a video produced by the Mollars founder discussing hidden BTC pitfalls went viral just last week. The video sparked discussion about the 1 million bitcoins Satoshi Nakamoto keeps in his ‘hidden’ wallet.
Considering Mollars’ performance so far, analysts are of the opinion that investors who participated in the Mollars token pre-sale in the fifth round at $0.55 per token may have missed out on a potential profit of 45% from the initial price of $0.35.
As the ICO soon progresses to its final round, the price is set to increase to $0.60 per token, limiting future ROI as pre-sales reach a hard cap of $2 million.
Once that hard cap limit is reached, Mollars tokens will be listed on cryptocurrency exchanges at $0.62. This means investors in today’s and first rounds will see immediate ROI returns of +12% and +77% respectively.
CryptoNews analyst Ari also suggested that the token’s price could easily reach $14 or more due to its finite supply, utility, and overall popularity. If Ari’s prediction comes true, a $26,000 investment could turn into millions of dollars.
Currently, the maximum investment in the Mollars ICO is $16,367 per whale. Their investment resulted in a return of $638,313.
As an SOV, the asset is designed to deflate over time. Mollars’ strategy relies on a limited supply of 10 million tokens to drive the price up as demand grows. The project plans to burn all unsold tokens by the ICO on June 1st, potentially further reducing total supply.