The Mollars (MOLLARS) initial coin offering has just reached an impressive milestone, surpassing 1.3-Million tokens sold. Cryptocurrency investors are excited about the new store-of-value token’s potential for up to +4,400% ROI yields. However, even those gains are only a pence of the new crypto’s profit potential if it can become a popular store-of-value option. And here’s 3 reasons why the Mollars (MOLLARS) token could replace Bitcoin (BTC) for 250-million wallets, using the blockchain.
The first reason the $MOLLARS token could trump Bitcoin is simple — saving traders money.
Bitcoin blockchain is the most costly of all blockchains to use. The average buy or sell action cost traders $39 last year. This is more expensive than sending money via bank wire, which is contrary to the entire purpose of cryptocurrency and decentralization. The Bitcoin-blockchain is antiquated and lacks true scalability and even BTC-Maximalists know this.
Mollars offers a solution to these high trading fees.
Initially to be based on the Ethereum-blockchain, last year’s averages indicate using $MOLLARS as a store-of-value token instead of Bitcoin would save traders 80% on buy-sell transaction fees. Instead of $39, Mollars will average $8 per trade.
This means a cross-border transfer of $MOLLARS would also cost less than an international bank-wire; this new token adheres to the core principles of crypto.
And beyond that, cryptocurrency was also promoted initially as an answer to the effects of global inflation. A ‘store of value’ token ensures investors do not lose money when their local fiat currency plunges in value, typically against the dollar.
However, in today’s age, even the US Dollar is a failing physical currency. AmericansRead more on cryptonews.com