Bitmart Exchange To Introduce Mollars Token, A New Bitcoin Rival, To Its 9-Million Users
It looks like the new Bitcoin rival, Mollars (MOLLARS) token, will be on the fast lane to growth as soon as its ICO ends. Bitmart crypto exchange has just announced [via X] that it will list the new store-of-value asset to its 9 Million users after May 31st.
This news has drawn great excitement from Mollars holders, regardless of the launch pushback associated with the news.
How many users does Bitmart Crypto Exchange have?
The massive number of users Bitmart has could potentially consume the entire token supply of Mollars on the listing day. Only 10-million $MOLLARS will be minted; a finite supply.
The new Bitcoin alternative is easily affordable today at only $0.55 today during its ICO. However, if Bitmarts users do acquire the majority or 100% of the minted supply, that price could skyrocket.
Mollars was supposed to close its token presale this week. However, that date has now changed. The popular token presale has extended its time to align itself with the various crypto exchanges set to list the new SOV cryptocurrency.
Multiple Crypto Exchanges To List $MOLLARS
The team behind Mollars project announced today the token will be listed on multiple crypto exchanges, not just Bitmart. However, the names of the additional CEXES can not yet be revealed due to non-disclosure agreements.
Its typical that most exchanges refrain from posting tokens that are more than 24 hours from being listed. However, most exchanges know which cryptocurrencies they are going to list on their platform 30 to 60 days in advance.
Nonetheless, Bitmart confirming the exchange will list Mollars takes much pressure off those who fear rug pulls. The new store-of-value asset is sure to launch at this point, with an exchange already having contracts in place to release.
The only questions now are how many exchanges will occur when Mollars is launched on public exchanges and how far the tokens value will go.
Reputed DeFi analysts have predicted the price of Mollars will land between $15 and $50 in the short term based on historical data of similar coins.
In the long term, the value of Dollars could exceed 4 figures, especially if picked up by the top 5 crypto exchanges.
For now, the one sure thing is that Bitmart and its 9 million users will gain access to the new SOV token on May 31st [approximately]. As soon as users of the popular exchange begin to buy and HODL the store-of-value asset, its value will likely increase.
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Text source: ZyCrypto
