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Mollars initial coin offering is surging in presales while on it’s way to the event’s closeout. The new store-of-value asset, deemed the ‘Bitcoin for Ethereum blockchain,’ will complete its ICO stage on May 1st. But before the deadline, the founder is now stirring up controversy over the ‘secret’ wallets of Satoshi Nakamoto and Ryoshi; founders of Bitcoin (BTC) and Shiba Inu (SHIB) cryptocurrencies.
It’s only a single one-line question, but it’s powerful.
“Everytime you cash out those free tokens, someone has to lose. Doesn’t that bother you?”
That’s the question posed in a video short reel, shared on the Mollars YouTube channel today.
Bitcoin & Shiba Inu Founders Disappeared On These Questions
In the new animated video, Bitcoin’s founder Satoshi Nakamoto disappears before responding.
Ryoshi, founder of Shiba Inu (SHIB) token, responds to the question with another question; he diverts the focus of the topic by asking Mollars’ founder can he refer the question to Shiba Inu’s lead developer, Shytoshi.
This question is being posed because Mollars will be one of the first tokens of its kind and the creator nor developers involved will be issued free tokens. The complete total minted supply of $MOLLARS tokens will be sold.
Someone has to lose for #Bitcoin & #ShibaInu founders to cash out their tokens. This is why the total token supply of Mollars will be sold on an equal opportunity basis.
Nobody gets tokens free from the #Mollars supply. Everyone has equal interests in the project.… pic.twitter.com/qyONGWuiwU
— Mollars (@mollarstoken) April 29, 2024
Why is it a good thing that Mollars total token supply is being sold?
This is a significant topic because all tokens that are liquidated [sold] must be paid for by someone’s cash.
If cryptocurrency founders stash massive amounts of tokens for themselves during the creation process of a cryptocurrency, free of charge, other peoples’ investments into the brand will give those tokens value. The money invested will be split between the total token supply, suddenly giving that founder the ability to withdraw the value of each token sold.
Since the founder paid nothing for the tokens, they lost nothing.
However, the investor that bought into the cryptocurrency will see a fraction of their token(s) value disappear from that owner selling his stashed coins. Now in the hole, the only way for that investor’s funds to recover is a new crypto seafish swimming in and buying tokens, adding to the market cap of the cryptocurrency.
In layman’s terms, if the crypto founder held 2 tokens, then an investor comes and buys 2 tokens, the value of the 4 tokens becomes half of the 2 the investor paid. Not exactly, but that’s the gist. The owner gains something for nothing and the investors’ lose.
How much money does Satoshi Make From Bitcoin?
Mollars token founder is calling this topic out to highlight the 1-million Bitcoins that Satoshi Nakamoto kept for himself and the 17% of Shiba Inu (SHIB) token’s supply that Ryoshi and Shytoshi kept for themselves in stashed wallets.
Bitcoin traders are now funding the $62-billion-dollar wallet of Satoshi Nakamoto. Everytime he cashes in 1 Bitcoin, at today’s rate, some $BTC Investors will lose $62,0000 — a slow rug pull.
What’s Ryoshi & Shytoshi making from Shiba Inu?
Shiba Inu’s founder and lead developer held a token supply that was worth around $1-Billion dollars at one point.. If Ryoshi and Shytoshi decide to completely cashout their ‘secret’ wallets, that $1,000,000,000 would have to be drained from the wallets of investors who know nothing about these stashed, owner self-gifted coins.
Mollars token will have none of this ‘murky’ underlying instability. Instead, the team of professionals behind the rival for Bitcoin, will get paid an appropriate salary from ICO funds. Neither during nor after the Mollars token presale, will anyone be gifted tokens.
Expect a sellout
THere will be 10-million $MOLLARS tokens minted for eternity. All of these tokens will be sold through equal opportunity buying exchanges. WIth over 2.6-Million ‘coins’ of the Mollars brand already acquired, it’s likely the full 10M will sell out, and rather faster than slower.
Mollars is also set to launch a decentralized cryptocurrency exchange via Mollars.CC that should add to the scarcity and value of the token as well. Set to launch shortly after the first crypto exchange listing, the new DEX will depend on $MOLLARS to complete cross-chain exchanges.
Watch the controversial video released by Mollars below. It’s been viewed thousands of times on social media platform X already..
The post Mollars token creator sends animated ‘warning’ about Shiba Inu & Bitcoin founders appeared first on Cryptonews.
