Ethereum Blockchain’s SOV Token Sees Presales Explode! Now Over $1.5M

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Mollars, the new store of value token arriving on the network on June 1st recently celebrated yet another milestone. This week, the project’s presale broke the $1,500,000 barrier after having record setting sales activity, ensuring more liquidity for its debut.

Overall, Mollars sold over 3,100,000 tokens, meaning that the project will enter the market with over 31% of its total maximum supply already in the hands of the people. Anticipation is building around the project, as its official website details that $100,000 in $MOLLARS was sold over the past 5 days alone. 

Recently, Mollars’ official Twitter account highlighted how investors from various communities are seizing the opportunity to invest. According to the post, the majority of buyers are holders of ETH, SHIB, USDT, BTC, and DOGE.

As a project designed to become the Ethereum blockchain’s hedge against inflation, it presents interesting opportunities for traders looking to capitalize on a promising investment. As a store of value, the token is expected to rapidly gain value over time, particularly in the first year after its ICO.

Store of Value assets have as a defining attribute a scarcity in its supply. Much like gold—a limited resource, and bitcoin with its 21 million tokens to ever be issued, $MOLLARS has an even scarcer supply of 10 million. 

The scarcity of the token is a critical factor in driving demand. As the supply is fixed and limited, the growing interest and investment in $MOLLARS from various communities—such as holders of ETH, SHIB, USDT, BTC, and DOGE—indicate a rising demand. When more investors seek to acquire a limited asset, its value tends to increase, making the asset a desirable investment.

Also, Mollars’ design as a hedge against inflation on the Ethereum blockchain makes it particularly attractive to investors:

• Protection Against Inflation: Like gold and other precious assets, $MOLLARS is designed to protect against inflation. By maintaining a limited supply, it ensures that the value of the token is not eroded by overproduction, safeguarding investments.

• Potential for Value Appreciation: Due to its scarcity and increasing demand, $MOLLARS has the potential to appreciate in value over time. This potential for growth makes it an appealing option for long-term investors looking to store value and possibly gain returns.

• Community and Liquidity: The active interest from diverse cryptocurrency communities adds to the liquidity and robustness of $MOLLARS. A vibrant community can enhance the token’s stability and support its value proposition.

By combining scarcity with a strong demand and the ability to safeguard investments against inflation, Mollars presents itself as a solid store of value. Investors can benefit from its limited supply and potential for appreciation, making it an attractive addition to their portfolios.

The Mollars presale activity has continued to increase daily leading up to its ICO close on June 2nd, 2024. The last 24 sales hours may have broken the ATH set just 2 days ago. 

If the hard cap of 4 million tokens is reached the $MOLLARS coin will debut on cryptocurrency exchanges for $0.62 per various reports.  That’s a +27% increase in token value from today’s ICO price of $0.55 [cents].