Mollars Token project developers have decided on what decentralized app will be built. A new decentralized cryptocurrency exchange will be launched via the Mollars.CC domain.
The new DEX will be a unique experiment, as there is no store-of-value token yet developed that tries to combine itself with a crypto exchange. $MOLLARS is very limited in total token supply, with only 10 million being minted. Generally, crypto exchanges’ native coins have billions of tokens in their supply.
More details on the project will be released via Reddit as Mollars founder and the DEX developers have studied research and development data.
A decentralized crypto exchange allows users to buy, sell, and trade cryptocurrencies of various brands. For example, a user can trade Dogecoin for a Shiba Inu (SHIB) token, a Bitcoin (BTC) or an Ethereum (ETH) coin.
The goal for the new DEX is to make the Mollars token the bridge between cross-blockchain transactions, outside of it also being a store-of-value token with a hedge against inflation.
The most basic metric of keeping $MOLLARS a successful SoV token is to keep high demand vs low supply. With only 10 million tokens ever minted, the crypto exchange’s use of the token could accelerate the token’s branding value and price point.
The new DEX will be released shortly after the official website, Mollars.com, closes the Initial Coin Offering [ICO]. The currently redirected domain, Mollars.CC will be the web home to the decentralized crypto exchange.
Historically, crypto exchanges have raised the price of native crypto coins. Cryptocurrencies for Pancakeswap, Uniswap (UNI), Crypto.com (CRO), Binance (BNB), & Kucoin (KUC).
The Mollars token presale continues running strong, barrelling towards $ 1 million dollars in funds raised. Nearly 1.5 million tokens have been presold before the DEX listing, which accounts for over 37% of the total ICO supply available.
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Read More: New Cryptocurrency Exchange To Be Launched By Mollars