Shiba Inu is attempting to offer the world a ‘.shib’ TLD domain option on the web’s public DNS system. However, this nor the ‘Shib burn’ program seems to be curving the trajectory of the $SHIB token value. Though the price of the Dogecoin killer has raged back in the recent month, long-term holders of SHIB are still down from the price of 1 year ago. That failure to grow in value put a focus on the top ERC-20 token’s weakness. That exposure has many migrating funds into the new Mollars token presale, A chance to rake in profits from the launch of the “Ethereum blockchain’s Bitcoin.’
The sudden migration is not just for Shiba Inu token holders, however there’s also an increasing number of traditional ‘shimp’ holders moving in. Small buy transactions have increased by over 250% in the last 7 days, according to the Mollars ICO wallet, between the range of US$50 and US$150.
What’s Mollars and What Problems Does It Solve?
The reasons $ETH, $BTC, and $SHIB holders buy into the Mollars token presale are simple — yield potential and store of value [SOV].
Shiba Inu & Bitcoin
Shiba Inu holders need to see gains after over 1 year of steep losses. The Mollars ICO token price is currently less than half of the price it will be on cryptocurrency exchanges when it launches in 2024.
Bitcoin holders who prefer the Ethereum blockchain’s speed and feasibility can now use Mollars to store value instead of the $BTC. “Feasibility” is a huge part of crossing blockchains to move $ETH or ERC-20 tokens to the store of value coin, Bitcoin, which is more costly than keeping it on blockchain. Crypto shrimps, dolphins, and whales can save millions of dollars by using $MOLLARS to hold funds instead of cross-chaining to ₿ aka BTC or XBT.
Ethereum Blockchain
On the same blockchain, $ETH holders are starting to migrate to the $MOLLARS cryptocurrency, an aim to grow massive profits on the ERC-20 network’s first truly decentralized “SOV” token with no tokens to be held privately by founding members.
Why would Mollars tokens gain an incredible 10,000% ROI?
With a limited supply and no additional tokens to be created, Mollars will grow in value as demand increases. Just like Bitcoin, it will eventually be sold in fractions, called “Molls.”
This means if the Ethereum blockchain world adapts to this new SOV token, it could easily see an upward explosion similar to that of Bitcoin. Not quite as large, but 10,000% is certainly possible.
For those who do not remember, Bitcoin was once worth less than 1 penny. The original price is said to have been US$0.0008 and lept to US$0.08 by the end of that month. Today, that same coin is worth nearly US$44,0000. This is over a 1,000,000% ROI, unfathomable by all standards until crypto.
Since the shock of Bitcoin’s price explosion, several other tokens have given traders aftershock-like astounding ROIs. Litecoin, Ethereum, Shiba Inu, Dogecoin (DOGE), Solana (SOL), Stellar Lumens (XLM), Golden Inu (GOLDEN), Pepe (PEPE) are just a few.
None of these tokens were “Store of Value” tokens for the Ethereum Blockchain with true decentralization, however. None were a rival for Shiba Inu and Bitcoin alike. If traders adapt to the Mollars (MOLLARS) token for value storage needs, it could see an incredible 10,000% ROI in a relatively short time in comparison to how long others took to make such gains. There are far more crypto traders today, and tokens are gaining adoption much easier.
Shiba Inu vs Mollars in 2024
And while Mollars is absorbing only a fraction of ‘ShibArmy’ holders into its token presale, that could increase as 2023 closes and 2024 opens.
As $SHIB token holders explore the ‘true decentralization’ topic, they will understand that “Ryoshi” and “Satoshi” are not the same. Ryoshi, founder of Shiba Inu, and his ‘developer team’ allegedly own an astounding US$ 1-billion worth of Shiba Inu tokens. This is virtually an endless supply of money for the founder and cohorts to pull money from whenever there’s a spike in value.
The Shiba Inu token was never audited adequately for the public to see, nor did they clarify plans to hold tokens. That allegedly led to Ryoshi and the developers behind Shiba Inu being able to create a luxury life in the shadows of their enigmatic founder alias.
Mollars, on the other hand, has made it clear their plans are to abide by the original crypto rules of true decentralization, just as Satoshi of Bitcoin — just as this will be for the Ethereum blockchain.
What will be done to build the community-controlled token through ICO funds is transparent: Infrastructure, marketing, 1 web3 product, and a million-dollar liquidity pool will be created from $2 million in funding raised. Everyone developing the $MOLLARS foundation will be paid as professionals, and no one will be gifted tokens at any point. The complete supply of Mollars will be put on public cryptocurrency exchanges.
In layman’s terms, anyone involved with the development of the Mollars token will have to purchase the tokens themselves, just as any other trader, if they wish to own them.
Traders can view the initial coin offering and presale for the new ERC-20 token, $MOLLARS, via the official website.
A purchase can be made by connecting your digital wallet and trading in Ethereum (ETH) or Tether (USDT) for the desired mollars tokens. Zerion, WalletConnect, and Trust Wallet should allow for seamless transactions.
Off-chain interests are also being accommodated. Novice holders can purchase from the token presale supply with a credit card. The ICO website has an on-ramp solution for those looking to buy via MasterCard or AMEX.
Shiba Inu [SHIB] token holders can migrate holdings into the Mollars presale by making a swap of the Dogecoin killer to the Ethereum (ETH) token on any exchange. Second, simply make the purchase of $MOLLARS with the newly acquired $ETH.
Also, join the official r/MollarsToken Reddit community for a view on trader thoughts, independent predictions, meme activity, and the latest news.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.