Crypto All-Stars (STARS) Raises $4M From ICO Targeting Meme Coin Market Momentum

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.

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

The platform operates a cross-chain staking app that allows users to 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

At the heart of Crypto All-Stars is the MemeVault. This staking protocol provides investors with a novel use case for their meme coins.

Instead of leaving them sitting 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 connect a crypto wallet, deposit their coins (such as DOGE or PEPE) into the MemeVault, and begin earning rewards relative to the amount they have staked.

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

At launch, MemeVault will support 11 major coins, with the team planning to add support for more as the platform develops.

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

Both firms scanned Crypto All-Stars’ code and found no issues or vulnerabilities - enabling users to verify the protocol's security for themselves.

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STARS token ICO crosses $4M ahead of exchange listings

The STARS token ICO has gained steam in recent weeks.

It has now raised a total of $4.3 million, with early investors able to purchase tokens at a fixed rate of $0.0015806 each.

One aspect of the STARS ICO that has set it apart is its flexibility. Prospective investors can purchase into the ICO using either crypto (such as ETH or BNB) or a credit/debit card, and there is no minimum purchase to participate.

Additionally, unlike most ICOs that require buyers to wait to use their tokens, Crypto All-Stars allows buyers to begin staking STARS immediately. Already, investors have 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.

Other large portions are dedicated to staking rewards, ecosystem development, marketing, and liquidity for exchange listings, a topic of particular interest among members of Crypto All-Stars’ Telegram channel.

This allocation will help to ensure a smooth trading experience when STARS begins listing on exchanges following the conclusion of the ICO.

Crypto All-Stars aims 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 crossed $25 billion in the past 24 hours.

Market leaders Dogecoin and Shiba Inu have reached multi-year highs, driven 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 gains of their own.

This interest in new meme coins suggests that traders are open to exploring projects that offer something different from the norm, a condition that the Crypto All-Stars team appears to be aiming to capitalize on.

The project is beginning to garner attention from crypto influencers, with ClayBro posting a video about STARS over the weekend and fellow influencer Austin Hilton also tweeting about the token.

Even CoinSniper.net has ranked STARS fourth on its platform.

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