Mollars X AMA session with BeInCrypto

During an AMA session with BeinCrypto, Silvan Manzano, developer of the Mollars DEX and $MOLLARS token, shared the creative mission driving this project. Molar aims to create a transparent, secure and community-driven decentralized ecosystem.

$MOLLARS is designed to be a community-driven store of value, ensuring that investors' interests are at the forefront. Mollars DEX, a cross-chain decentralized exchange, promises to make the ecosystem more accessible by allowing seamless trading between different blockchains. This ecosystem is powered by the $MOLLARS token.

Get ready to explore Sylvain's vision and see how Molars is poised to transform the future of finance.

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AMA session with Molars Sylvan Manzano

BeinCrypto: Today, we welcome Silvan Manzano, developer of Molars. I'll have some questions for the speaker and then we'll turn to the questions for you guys ☺so let's get started 🚀

Can you give us an overview of the vision and mission behind Mollars DEX and $MOLLARS?

Sylvain: Hello everyone 🙂 Yes, of course, let me jump straight to it. The vision behind $MOLLARS and Mollars DEX is to create a fully decentralized ecosystem that prioritizes transparency, security and community engagement. $MOLLARS is designed as a community-managed store of value to ensure that all decisions reflect the interests of investors.

Mollars DEX is our web3 application that aims to make the ecosystem accessible to a wider audience. By providing a cross-chain decentralized exchange, we strive to demonstrate that $MOLLARS is not just another token, but a comprehensive solution in decentralized finance.

BIC: Sylvan, on which blockchain is $MOLLARS built, and why was this platform chosen?

Sylvan: Good question, $MOLLARS is built on the Ethereum Mainnet. We chose Ethereum for its established crypto reputation, strong security features, and ability to support complex smart contracts. Ethereum's strong developer community and extensive ecosystem make it an ideal blockchain for deploying a decentralized token like $MOLLARS. This ensures that our token benefits from Ethereum's reliability and scalability. As one of the most widely used blockchains in 2024, Ethereum promises a very large initial user base.

BIC: Btw, how does Mollars DEX ensure security and prevent potential vulnerabilities? 👀👀👀

Sylvan: Mollars DEX ensures security by incorporating several key mechanisms.

First, we integrate third-party SDKs and protocols known for their security features, such as ThirdWeb and 0x Api. We also implement secure DEX liquid pools to efficiently manage assets. Our back-end development includes strict security measures such as regular audits and updates to our security protocols. We aim to protect our users from vulnerabilities and threats by continuously improving our security infrastructure.

We host special events like bug bounty and hunters for their good work with $MOLLARS. This is one of the main reasons, community power plays an important role in reporting the problem going on in DEX.

BIC: Back to the token 🙌 How is the total supply of $MOLLARS tokens allocated? Can you provide details about the token distribution plan for the ICO?

Sylvan: Yes, indeed, the token supply is properly distributed to take full advantage of our limited supply;

The total supply of $MOLLARS tokens is categorized as follows.

– 4,000,000 tokens for pre-sale to raise initial funds and build a strong community base.

– 1,600,000 tokens for liquidity, ensuring sufficient liquidity for smooth exchange trading on Uniswap.

– 2,000,000 tokens for CEX listing to facilitate wider reach and trading options.

– 2,400,000 tokens on DEX for rewards, encouraging user engagement and participation.

If my account adds up correctly, the total supply of $MOLLARS is 10,000,000 tokens, so half a Bitcoin.

BIC: When will the ICO start and what are the main dates to remember? What are the participation requirements for the ICO? 🤔

Sylvan: To be honest, the ICO has only started for a few weeks now, but let me get into the details.

The $MOLLARS ICO will end on May 31, 2024. The official launch is planned for early June. To participate in the ICO you will need an Ethereum compatible wallet and enough ETH to purchase tokens and you can also fully utilize our partner wert.io which is an easy manual solution to contribute via credit card.

Key dates to note are that the pre-sale ends on May 31 and begins in early June. The token will be open for bidding on June 1, 2024, from the listing on Uniswap and the previously announced CEX on the same dates.

These dates mark important milestones to protect your stake in the Mollars.com ecosystem.

BIC: 🔥🔥🔥🔥🔥 Are there any features or improvements the community should be excited about?

Sylvain: Yes, the community can look forward to many exciting features in the future, especially the launch of our cross-chain DEX in September. As we mentioned on Twitter, it may happen earlier.

This DEX includes features like custom coin boost, custom liquid pools, liquid protection and air drop feature. We actually support many blockchains on chain (ETH, AVAX, BSC, POLYGON, BASE, ARBITRUM ONE, OP MAINNET).

These features enhance the user experience and provide additional opportunities for engagement and interaction within the Mollars ecosystem. DEX plays a vital role in demonstrating the value and benefits of $MOLLARS. Adoption of $Mollars will be our calling card to a wider audience and even to get into cryptocurrency.

BIC: And how can the community participate in the management of molar DX?

Sylvan: The community can participate in $MOLLARS management through an integrated governance model. This model allows investors to have the right to vote on major decisions and proposals, ensuring that the project's direction is in line with the community's needs.

Governance strategies that enable open and democratic participation of all stakeholders will be shared in detail closer to the launch date of Mollars dex ( mollars.cc ). But let's make this clear, the voting power is determined by the amount of $MOLLARS in your wallet.

BIC: What strategies are in place to promote Mollars DEX and increase adoption? How does Molars plan to attract and retain users and investors?

Sylvan: Molars plans to promote DX and increase adoption through targeted marketing campaigns, community engagement and strategic partnerships. We aim to attract users by providing a secure, efficient and user-friendly platform by increasing the adoption of the $MOLLARS token on the DEX.

Our promotional efforts include social media, press releases, word of mouth, and local events in various countries to engage users and make the experience more meaningful. We strive to build a loyal and active user base by continually improving and expanding our offerings. To this end, we have developed a rewards program for our investors and DEX users, where greater engagement with Mollars leads to better rewards.

BIC: My last question: What are the biggest challenges Molars has faced so far and how did you overcome them? 🚀

Sylvan: Good last question, actually, this is a very complicated answer.

One of the biggest challenges Mollars faced was to ensure strong security and integrate multiple blockchains into DEX. As many know, security and avoiding any issues like exploitation is very important for any DeFi project… We were able to solve these challenges through partnership. Along with well-known third-party services, it has started to implement auditing and strict inspection protocols in the back-end code (smart contract).

Our commitment to transparency, continuous improvement and community engagement has helped us to build trust and confidence in the community, overcoming these obstacles and moving forward with our project. Our ethics are being as transparent as possible with our community, and that's why we've done some work and managed to raise over $1.4m organically through our ICO.

BIC: Very good! Let's move on to the questions from the community 😎 What questions did you choose, Silvan?

Sylvan: To begin with, I personally chose:

What strategy will you implement to bring non-crypto natives into the Molar ecosystem? How do you balance between developing the technology and improving the value of your token?

From @Kennedy192

As many of you know, this question is more or less, all about marketing. If they don't know you, hear about you, and trust you, you won't bring anyone into your ecosystem. And the biggest way to get non-crypto natives on board to Molar is to create a local event in countries that are very interested in crypto, this is a small pop-up event about Molars that we recently started in Colombia.

On the other hand, balancing technological development and token value involves continuous innovation, open governance, and active community engagement. This approach ensures that the platform meets users' needs and drives adoption. That's why we hope for a very basic store of value, a self-explanatory and user-friendly cross-chain DEX, so even a newbie can easily use it.

BIC: What about the second question?

Sylvan: Where can I buy Molar tokens now? What is your current contract, and how can I purchase it? @tommynguyencrypto

Molar Tokens can be purchased on Molar's website during the ongoing presale.

After launch, the tokens will be listed on multiple exchanges to increase accessibility and liquidity. We will start by listing the launch on Uniswap and registering on 3 CEX (LBAnk, BitMart & XT.com).

The current contract address is available on the Molars website, but during the ICO you will not be able to purchase outside of the smart contract built into our website.

BIC: Third question? 😏

Sylvain: My 3rd question is: Do you have tutorial videos or a YouTube channel or something so that we can get to know molars clearly? Can you share it with us? By @maimaixa

Mollars offers a comprehensive range of helpful videos and resources on his YouTube channel and other social media platforms. These resources not only help users understand and navigate the platform's features and functionality, but also ensure the token as a store of value, a seamless and engaging experience.

Here you can find, for example, an explanation of what Mollars is:

BIC: We love tutorials, thanks! 😍 The 4th?

Sylvan: Will there be a buyback system or token burn for Molars in the future? Do you have any anti-waste method for containers that need to be discarded during pumping? By @SaranMarlow

Mollars may implement price reduction methods in certain periods to reduce the token supply, but if we have money to spare for it but do not actually engage in such features, if there is an unsold token during our pre-sale, the token will be rejected. Then he burns them all…

Anti-waste strategies through community participation programs and encouraging possible activities, Bitcoin has not integrated such strange features, we decided not to reinvent the wheel, and the MOLLARS token will be a classic ERC-20 token. These measures help to maintain the value and stability of the token.

Check out GoPlusLabs here.

And for the last question:

Too many projects promise magic but never release any working product or guarantee any revenue, in the short/long term of release. Is your project like this? If not, what makes your project different from other projects? From @ducluong27

Many projects promise big things but fail to deliver a working product or generate revenue within a reasonable timeframe. Is a molar different? Absolutely.

Why does the molar stand out?

Functional Product and Revenue Generation: Molars is committed to providing a functional product and generating revenue. Our Decentralized Exchange (DEX) launches with new features that ensure faster usability and value.

Unique Value Proposition: Unlike many projects, Molars emphasizes true decentralization. Our platform is owned and maintained by investors, not a central authority, not an owner with a lot of supply like $SHIB or $BTC creators (and some information here () ensures that the needs of our users always come first).

Transparent management: By establishing transparent management, Molars allows the community to have a direct opinion on the direction of the project. This openness builds trust and fosters a collaborative environment.

Innovative Features: Our DEX provides cross-chain support, automatic and optimized price aggregation, and support for multiple native and capped coins. Mollars Token takes advantage of many of these features. Big liquidity means big investors.

Active Community Engagement: We actively engage with our community through targeted marketing campaigns, social media, press releases and local events. Our rewards program encourages user engagement (the more you participate in the Mollars ecosystem, the more you can redeem your points for $MOLLARS), making the Mollars ecosystem even more engaging and valuable.

Continuous Improvement: Mollars is committed to continually improving and expanding our offerings. Our development milestones ensure that we deliver new features and improvements on a regular basis, keeping our platform ahead of the curve. That's why we choose Ethereum as Mainet with $MOLLARS token.

In conclusion, Molar is different because it is built on the principles of true decentralization, transparency and community participation. These core values, combined with our innovative features and commitment to delivering a product that works, ensure that Molars succeeds when others fail.

BIC: Cool! Sylvan, thank you so much for being here today 🖤 Sylvan: Thank you for meeting me today! I really appreciate everyone's interest in all the questions (over 200 questions) about molars.

Summary

As our AMA approaches Sylvain Manzano, it's clear that Mollars has a strong focus on transparency, security and community management.

The upcoming launch of Mollars DEX will make digital assets easier to use and more accessible, thanks to its innovative features and cross-chain support. Join the Molar community and be a part of this exciting journey.