Crypto All-Stars ICO passes $4M as meme coin staking app gains traction

Crypto All-Stars (STARS) has now raised over $4 million in its initial coin offering (ICO)
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Posted by Advertorial November 19, 2024 3 Mins Read
Crypto All-Stars (STARS) has now raised over $4 million in its initial coin offering (ICO)

Crypto All-Stars (STARS) has now raised over $4 million in its initial coin offering (ICO).

The platform’s cross-chain staking app lets users stake their favorite meme coins and earn rewards - a setup that has resonated with the retail community.

Earn rewards with meme coins through Crypto All-Stars’ MemeVault

The core of Crypto All-Stars is its MemeVault. This staking protocol offers a new way for investors to utilize their meme coins.

Instead of letting them sit idle in a crypto wallet, investors can stake them in the MemeVault and earn rewards in the form of STARS tokens. 

Getting started is simple - users must connect a crypto wallet, deposit their coins (like DOGE or PEPE) into the MemeVault, and earn rewards based on the amount they have staked.

Current staking rates are estimated at 402% per year. However, that rate will adjust as more people use the MemeVault to stake their meme coins.

At launch, MemeVault will support 11 major coins, but the team plans to expand support for others as the platform develops.

Underpinning the staking protocol are two audits, from Coinsult and SolidProof.

Both reviewed Crypto All-Stars’ code and found no issues or vulnerabilities – allowing users to verify the protocol’s security.

STARS token ICO passes the $4M mark ahead of exchange listings

The STARS token ICO has picked up momentum in recent weeks.

It has now raised $4.3 million, and early investors can buy tokens at a fixed price of $0.0015806 each.

One of the standout features of the STARS ICO is its flexibility.

Prospective investors can buy into the ICO using crypto (like ETH or BNB) or a credit/debit card, with no minimum purchase threshold.

Plus, unlike most ICOs, which require buyers to wait to use their tokens, Crypto All-Stars allows buyers to stake STARS immediately.

Investors have already staked over 1.8 billion tokens.

According to Crypto All-Stars’ whitepaper, the tokenomics structure is designed for the long term. 

Of the 42 billion token supply, 20% has been allocated to ICO buyers.

Large portions are also dedicated to staking rewards, ecosystem development, marketing, and liquidity for exchange listings.

Crypto All-Stars’ Telegram channel members are particularly excited about this liquidity allocation.

It will help ensure a smooth trading experience when STARS hits exchanges after the ICO ends.

Crypto All-Stars looks to capitalize on meme coin market momentum

Crypto All-Stars is entering the meme coin scene at a favorable time.

The sector is experiencing rapid growth, with its total market cap now exceeding $117 billion.

Spot trading volumes have also passed $25 billion in the past 24 hours.

Market leaders Dogecoin and Shiba Inu have reached multi-year highs, fueled by speculative buying and Bitcoin’s strong performance.

But it’s not just established memecoins that are posting gains.

Newer coins, like Peanut the Squirrel and Goatseus Maximus, have seen sizable returns of their own.

This interest in new meme coins suggests traders are willing to explore projects that offer something different from the norm.

Crypto All-Stars’ team aims to capitalize on these conditions.

The project is beginning to attract attention from crypto influencers like ClayBro, who posted a video about STARS over the weekend. Fellow influencer Austin Hilton also tweeted about the token.

STARS has even been ranked fourth on CoinSniper.net.

With a growing Twitter following and a novel approach to staking, Crypto All-Stars is a project many are keeping an eye on in the final few weeks of the year.

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