A new project brewing on the Ethereum Blockchain has recently caught the attention of crypto enthusiasts not only for its ability to store value, but also for its enormous potential for compound growth post-ICO.
Mollars (MOLLARS), a new token currently on presale on the Ethereum Blockchain, is planning to enter the market on May 1st as the most cohesive and stable SoV on the ERC-20. In a platform with over 250 million users, the potential $MOLLARS has to become the blockchain’s go-to token when investors are looking to keep their assets in a safe and stable deflationary is what explains the underlying success of the funding events held at molars.com.
So much so that even crypto whales, investors capable of moving large amounts of value and even influencing market sentiment, are also buying Mollars presale in bulk. Recent reports from LaPostExaminer confirm that today’s top holder owns over 34,000 $MOLLARS.
Other crypto communities like Shiba Inu and Tether are also joining the new project. But here is the underlying question: why communities as loyal as Shiba Inu’s would suddenly abandon the project in favor of a new token?
Molars Bitcoin Similarities
The world’s largest cryptocurrency by market capitalization is also the world’s most famous digital store-of-value. Bitcoin is to this day considered crypto’s SoV due to its limited supply, market trust, and decentralized nature.
To be launched on a rival blockchain, Mollars also incorporates all of Bitcoin’s store of value (SoV) features, with the added advantage of being designed with a focus on today’s market demands.
While Bitcoin has a total maximum supply of 21 million tokens, Mollars will only ever mint 10 million tokens. In a space as wide as the crypto market where the norm is having tokens with billions, if not trillions of available tokens, Mollars distinguishes itself by adhering to a more conservative supply model, thereby fostering scarcity and potentially enhancing its value proposition.
The project was meticulously crafted with the vision of achieving zero ownership post-ICO, thereby embracing decentralization at its core. Through meticulous planning and execution, the project aimed to transcend traditional models, ensuring autonomy and resilience within its ecosystem. This commitment to decentralization underscores its mission to empower participants, fostering a community-driven approach where decisions are made collectively, transcending the limitations of centralized control.
Shiba Inu Investors Buying $MOLLARS
After enduring the last two years without seeing any profits, Shiba Inu holders are starting to let go of their SHIB investments and also joining Mollars’ presale.
Since its inception, the memecoin has been renowned for its loyalty and unwavering belief in the project. However, over time, the developers of the project have repeatedly given rise to significant mistrust.
Just recently, the project’s head Shytoshi Kusama, saw himself embroiled in drama after the tracking platform “ShibBurn” accused the developer of owning over $1 billion in SHIB. After spending years claiming that owning the currency would affect his abilities for decision-making, and make Shiba Inu less decentralized, this revelation sparked intense controversy within the community.
The state of the community is also not in great shape. 2023 was supposed to be the year of renewal for the project, banking on the success of Shibarium as a layer-2 blockchain. While it is true that Shibarium has garnered millions of transactions and was responsible for burning nearly $100,000 worth of SHIB, (more on that later), the platform has failed to provide a significant shift in Shiba Inu’s price trajectory.
Shiba Inu Investors Began Flocking to $GOLDEN Last Year
Last year, the SHIB community had already seen signs of abandoning the currency. On September, large amounts of holders opted to sell their assets in order to purchase a rising P2E memecoin “Golden Inu”.
At the time, this movement was responsible for the initial surge in the value of $GOLDEN, a trend that has gained over 340% in value, and still has no signs of exhaustion. Meanwhile, investors who chose to keep their SHIB have lost even more money in that same timeframe.
Mollars: The Answer to Shiba Inu’s Inflationary Issues
At the end of the day, every digital currency’s biggest enemy is inevitably inflation. Shiba Inu with a 590 trillion circulating supply, and nearly a quadrillion SHIB as total maximum supply—has inevitably fallen victim to it as well.
Inflation, as understood in economics, occurs when there is an increase in the money supply without a proportional increase in goods and services. With Shiba…
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