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Cryptocurrency News Articles
Crypto All-Stars (STARS) ICO Raises $1.3 Million to Create a Meme Coin Staking Platform on Ethereum
Sep 25, 2024 at 05:03 am
Crypto All-Stars (STARS), a brand new meme coin staking platform on Ethereum, has simply handed the $1.3 million milestone in its ICO part.
Crypto All-Stars (STARS), a brand new meme coin staking platform on Ethereum, has simply crossed the $1.3 million milestone in its ICO part.
The platform permits customers to stake standard meme cash like Dogecoin and DogWifHat – incomes STARS rewards within the course of.
Crypto All-Stars introduces MemeVault for staking meme cash
The workforce behind Crypto All-Stars goals to vary how traders work together with meme cash.
As an alternative of merely holding on to them, the workforce presents an alternate strategy by means of the “MemeVault” characteristic.
This characteristic will add extra utility to standard meme cash.
Utilizing the MemeVault, an investor might stake cash like DOGE, PEPE, and WIF to earn STARS tokens over time.
STARS is Crypto All-Stars’ native ERC-20 token.
Via this setup, traders can put their meme cash to work, as an alternative of simply holding them as a speculative asset.
In accordance with Crypto All-Stars’ whitepaper, the workforce’s final aim is creating a “hub” for retail traders in search of to generate passive revenue.
Alongside the MemeVault, Crypto All-Stars has a secondary staking app for STARS.
STARS holders can lock up their tokens to earn further rewards, encouraging long-term holding.
This setup has garnered consideration within the crypto group.
Crypto All-Stars’ X (formerly Twitter) page now has over 12,500 followers, whereas the official Telegram channel has 2,000 subscribers.
STARS has additionally been ranked third on CoinSniper.net.
STARS ICO raises $1.3 million forward of deliberate DEX itemizing
The Crypto All-Stars ICO commenced on August tenth and has already raised $1.3 million.
Funds have been coming in steadily, with tens of hundreds of {dollars} being added each day.
The ICO permits traders to purchase STARS tokens earlier than they grow to be out there on the open market.
Tokens are at the moment priced at $0.0014477 every.
These which might be keen to put money into the ICO can even stake their bought STARS tokens instantly.
Nevertheless, traders can solely declare their tokens as soon as the ICO part ends.
After the ICO, the Crypto All-Stars workforce plans to list STARS on a DEX.
The workforce has allotted 10% of the entire STARS provide for preliminary DEX liquidity, with an extra 20% reserved for advertising.
By way of safety, Crypto All-Stars has been audited by two famend companies, Coinsult and SolidProof.
These audits evaluated the challenge’s sensible contracts and safety measures.
Each discovered no vulnerabilities and can be found to view on Crypto All-Stars’ web site.
Retro design & YouTuber shout-outs assist increase Crypto All-Stars’ visibility
Crypto All-Stars can also be bringing a singular design to the desk.
This design, paying homage to basic video video games, sees well-known meme coin mascots reimagined as 8-bit characters.
The workforce hopes to differentiate Crypto All-Stars from the numerous canine and cat-themed cash that dominate the house.
And this strategy appears to be working.
YouTubers like ClayBro and Austin Hilton have talked about the challenge, boosting its visibility.
STARS has even been mentioned by 99Bitcoins – a crypto YouTube channel with over 700,000 subscribers.
One other notable side is how Crypto All-Stars has managed to keep up momentum regardless of the broader meme coin market struggling.
Over the previous week, the entire market cap of all meme cash has dropped below $38 billion.
But, the STARS ICO continues to carry out effectively.
Whereas it’s unclear whether or not this success is because of timing, technique, or luck, Crypto All-Stars is undoubtedly capturing traders’ consideration.
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