Photos of Mollars.CC, New Decentralized Crypto Exchange Shared, ERC-20 Token Increases +15% in 5 Days
The MOLLARS token, which was first listed on crypto exchanges 2 months ago and grew by 300% in value before the market correction, may enter a new bull cycle. Developers of Bitcoin's rival to Ethereum's ERC-20 network Mollars.CC have revealed images of a new crypto exchange launching today. And so far the token has increased in value by + 15% in 5 days. After the launch of the DEX, the option of Bitcoin can be very high.
“Early” is the only word on social media platform X with the photo of the new cryptocurrency exchange.
The 1-word statement is believed to indicate the exchange's intention to release the ICO to investors before the October deadline.
The photo has since been posted on the official Reddit community of the cryptocurrency MollarsToken. Here, a number of coin holders are buzzing with positive and critical responses.
Decentralized Exchange: Crypto Trading without KYC Verification
The new cryptocurrency exchange is decentralized, meaning it will be free from KYC verification requirements and not tied to a central bank.
Users can exchange different tokens and coins. The “Mollars” token is used as a bridge token to facilitate all transactions.
How will the new DEX result in token value?
It is estimated that if cryptocurrency users start exchanging heavily on the Mollars.CC exchange, it will have a significant impact on the price of the $MOLLARS token. Each trade can help increase the daily trading volume of the ERC-20 token, which can increase the rankings of coin indexes such as Binance.com, CoinGecko, Uniswap and CoinMarketCap. Higher visibility generally tends to translate into a better brand and more user interest.
With Molars Token only having a total supply of 10 million tokens, the rise in popularity coupled with investors holding the token could result in a significant price increase.
The discount value of $MOLLARS currency is an alternative to Bitcoin for Ethereum-Blockchain users. It's meant to keep supply low to protect the dollar from rising with interest.
It is currently priced at $0.15. [cents] According to CoinMarketCap, the all-time high for Molars Token was $1.11 on Uniswap. This price was ‘boom' on listing day. A correction soon followed, restoring the token's value to its pre-sale value. Many investors have easily made profits.
However, it is still a new token and analysts, before its launch a few weeks ago, could reach $4 to $5 in the crypto-market bull run. And maybe, that heavy buying cycle is about to happen.
Mollars Token is worth 15% since August 5th.
The Mollars Token was issued in 2010. On Aug. 5, it was up more than 15 percent since hitting a 0.12-cent price five days earlier. About 16-cents have now been returned; Photos of the proposed decentralized cryptocurrency exchange being released and renewing the needs of crypto traders.
DEX is very important for the development of Molar Token, which will only have 10 million tokens for its total supply. The new exchange will use the token to facilitate cross-blockchain token exchange, possibly keeping the average small amount of tokens available to buyers.
The importance of having that token is only one thing; Like rival storage value tokens and the original Bitcoin, the fewer tokens available means the ERC-20 cryptocurrency's value will increase.
Since Mollars.CC protects the privacy of cryptocurrency traders, the $MOLLARS token is required to use it, so the DEX and the token work hand in hand. Users should familiarize themselves with Molars Token if they want that privacy.
A first-of-its-kind store value token on the Ethereum blockchain, Molars has the unique potential to explode in value when the US and Japanese stock markets crash. This sends investors looking for storage value against fiat currencies.
Molar Tokens are much cheaper to trade than Bitcoin
As $MOLLARS is on the Ethereum-Blockchain, it saves investors up to 40% of the cost of buying-selling transactions, if they want to exchange BTC for BTC on the Bitcoin blockchain.
The highest Bitcoin-Blockchain transaction fee in the last 30 days [ychart] It was more than 4.5%, the highest for Ethereum network trading fees was only 1.4%. A stark difference means that an average $1000 bitcoin transaction costs its owners $40.50, while holders of Molars tokens only had to pay $10.40.
A huge difference in cash reserves, when investors help and buy more with $MOLLARS can push the price of a token to unexpected highs.
Interestingly, Molars has found a way in which the price of Bitcoin (BTC) does not ‘correlate' unlike most of the crypto market. It has not followed the trends of $BTC or $ETH in the past month, which further supports the idea that the DEX is influencing investor decisions.
Once the Mollars.CC crypto exchange launches, the new trading source will be interesting to watch alongside its native $MOLLARS, the Ethereum-Blockchain's new store-of-value alt-coin. Maybe it's time for investors to ‘dip' for chips.
