A new Ethereum-based project is aiming to innovate within the memecoin space by launching a unified staking platform called MemeVault.
Crypto All-Stars (STARS) has raised $2.9 million in its ongoing ICO - and its vision of cross-chain staking is drawing attention from both new and experienced investors.
Understanding the MemeVault – cross-chain staking for memecoins
The MemeVault aims to solve a common problem for memecoins: most just sit idle in crypto wallets.
Plus, unlike most staking protocols focusing on one blockchain, MemeVault lets users stake coins from different networks to earn STARS tokens as rewards.
Here’s an example of how it works.
Memecoin holders deposit their coins, like DOGE or SHIB, into the MemeVault smart contract.
In return, they’ll earn STARS – which can also be staked.
Since MemeVault is built using the ERC-1155 standard, investors holding coins from different chains (e.g., PEPE and WIF) could stake both simultaneously in one place.
This removes the need to manage multiple staking protocols on different chains.
According to Crypto All-Stars’ whitepaper, those investing and holding STARS in their wallet will earn triple the staking rewards.
This approach has generated significant interest within the retail trading community.
Crypto All-Stars’ Twitter page has grown to 17,400 followers, while the official Telegram channel has 3,100+ subscribers.
STARS tokenomics structure promotes early ICO demand
Crypto All-Stars has structured its tokenomics with a focus on long-term sustainability.
The total STARS supply is divided across five key areas: 25% for staking rewards, another 25% for MemeVault development, 20% for marketing, 20% for the ICO, and 10% for exchange liquidity.
This setup aims to balance incentives with platform development.
Crypto All-Stars’ ICO has gained significant momentum since its launch, raising over $2.9 million to date.
In the current stage, STARS tokens are on offer for $0.0015371 each. However, this will increase gradually in future stages, ultimately reaching $0.0016782 in the final round.
Early investors can participate in the ICO using ETH, USDT, BNB, or a credit card, making it accessible to both crypto natives and newcomers.
After the ICO, the Crypto All-Stars’ team plans to list the STARS token on a DEX. Uniswap is the likeliest destination, given that STARS uses the ERC-20 standard.
Crypto All-Stars’ security audits, development roadmap, and future prospects
Security is also a priority for Crypto All-Stars. The team has had the STARS token audited by both Coinsult and SolidProof, which revealed no issues in the token’s smart contracts.
This validation has helped the project attract attention from some prominent voices in the crypto space.
For example, STARS has recently received coverage from the Cryptonews YouTube channel and influencer ClayBro.
The token has also climbed the rankings on CoinSniper.net.
Looking ahead, the team plans to expand MemeVault’s capabilities beyond its initial lineup of 11 supported coins.
This approach helps differentiate Crypto All-Stars from memecoin launches that rely on humor and viral energy.
Plus, it taps into the significant trading activity surrounding memecoins right now.
According to CoinMarketCap data, these coins have seen over $6.7 billion in spot trading volume in the past day.
The sector’s total market cap has also risen to $58.6 billion.
While Crypto All-Stars is still in its early days, its focus on building infrastructure for the memecoin ecosystem rather than just relying on hype makes it a project that many investors watch.