The developers behind the Mollars Token project have announced plans to build a decentralized cryptocurrency exchange (DEX), leveraging the $MOLLARS token. This unique experiment will combine a limited-supply store-of-value token with an exchange platform.
There will only ever be 10 million $MOLLARS minted, contrasting sharply with the billions of tokens created by major centralized exchanges like Crypto.com and Binance. By keeping supply low, the goal is to boost $MOLLARS value as exchange adoption grows.
Few details have been revealed thus far, as the Mollars founder and developers are still researching and developing. Further plans will be shared soon.
DEX platforms allow users to trustlessly trade crypto assets in a peer-to-peer fashion. The upcoming Mollars exchange aims to position $MOLLARS as the bridge asset between cross-blockchain transactions.
Beyond exchange functionality, the token itself is designed as an inflation hedge and value store, similar to itcoin">Bitcoin. With such a low circulating supply, exchange integration and usage could significantly bolster brand awareness and token prices.
The DEX will launch shortly after the mollars.com ICO concludes its presale. The platform will then reside on the molars.cc domain.
Historically, native exchange tokens have benefited greatly from platform activity. Uniswap’s UNI, Crypto.com’s CRO, and Binance’s BNB have all seen massive value appreciation tied to exchange success.
The Mollars token sale has already raised nearly $1 million from presale investors and continues to see strong interest. With over 37% of the ICO supply purchased, hopes are high for exchange growth potential.
As both a limited-supply hedge asset and an exchange medium, $MOLLARS seems poised for an intriguing crypto experiment. Its coming DEX aims to mutually support both token value and platform adoption in one niche ecosystem.
