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The Mollars token presale is likely to sell out within weeks. Over 50% of the ICO supply has already been sold, with a total of nearly 1.2 million dollars already raised. As a decentralized crypto with deflationary qualities, it’s also been made clear that the token will be ‘ownerless,’ with the founding team accepting no tokens for free.
It is unheard of in the crypto world. Most top cryptocurrencies have founders who kept generous amounts of the coins they created for themselves. The Mollars founder called out Satoshi Nakamoto and Shiba Inu’s founders in very frank tweets earlier, but it goes far deeper than just those two.
A good point made by the founder: if these creators keep so many tokens, are they, in fact, the ‘new central banks’ or ‘centralization’ of their cryptocurrencies?
Cryptocurrency Founders & How Many Tokens They Kept Free
Here’s a list of the amount of crypto-coins that were held by some of today’s most popular brands:
- Bitcoin
- founder: Satoshi Nakamoto
- Self-gifted tokens: 1-million
- Total supply: 21-Million
- Gifted tokens value during ATH: $70-billion-dollars
- Shiba Inu
- founder: Ryoshi
- Self-gifted tokens: 99.99-Trillion
- Total supply: 999.98-Trillion
- Gifted tokens value during ATH: $1-Billion
- Ethereum
- founder: Vitalik Buterin
- Self-gifted tokens: 286,000
- Total supply: 120.12M (has no cap on coins minted)
- Gifted tokens value during ATH: $1.35-Billion
- DogeCoin ( not clear if this was gifted )
- founder: Billy Markus and Jackson Palmer
- Self-gifted tokens: 220,000 and unknown
- Circulating supply: 143,370,426,384 (has no cap on coins minted)
- Gifted tokens value during ATH: $160,947.16 and unknown
- Side note: there is one mysterious wallet that holds over 32-billion $DODGE
- Ripple / XRP
- founder: Charles Larsen & Jed McCaleb
- Self-gifted tokens: 80-Billion (to company)
- Total supply: 100 Billion
- Gifted tokens value during ATH: $307.2-Billion
It is just 5 of the most popular crypto brands and tokens held by owners. Dogecoin is possibly the most ‘decentralized’ of them all, though it’s unclear what co-founder Jackson Palmer has in his holdings.
Mollars token, which will go down in history as a cryptocurrency with a nameless founder, may be the first store-of-value token or ‘widely held’ crypto to sell 100% of its total supply. The creator of the digital asset made it clear via a subreddit post, ‘selfless crypto,’ they have no plan to give anyone any of the $MOLLARS tokens, not even to themself.
Impact of Mollars Founder(s) Not Holding Tokens
The importance of this strategy by the Mollars project founder for the future value of the token is ‘stability.’ The biggest crypto whale thus far, though they’ve bought nearly over $17,000 (USD) worth of the token, will have no major influence over trading volumes nor the value of the $MOLLARS token in the future.
Though a buyer could come in and acquire a massive supply of tokens as a ‘display of power,’ they would also create a massive risk for themselves that most educated buyers would not do.
A massive buy by one trader could trigger a sell-off from investors looking to rake in fast profits. That ‘whale’ who bought to do this would have to wait for the market to rebound before selling their own supply to make reasonable gains.
Top Cryptos Not Truly Decentralized
The founders of cryptocurrencies like Bitcoin (BTC), Ripple (XRP), Solana (XRP), and Shiba Inu (SHIB) own such a high percentage of their own creation that they have the power to crash or substantially drop the market value if they should so choose; that’s a lot of centralized power.
As the Mollars token presale continues to progress and more of the whitepaper plans are dissected, it appears the ERC20 token could be a viable contender for the best investment opportunity of 2024 in cryptocurrency.
The $MOLLARS token ICO has been audited and verified. Also, the ‘CryptoNews’ youtube broadcast did a live verification of the token presale’s setup, also confirming it as a legitimate initial coin offering project.
The internals and externals appear to be very well aligned in this project. The master planned crypto has culminated in its ICO surging towards 1.9-million tokens sold and 1.2-Million dollars raised. If demand continues to surge, Mollars could very well become the top ICO for investors of 2024 by a ‘green mile’.
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
