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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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Some of crypto’s wealthiest investors are quietly stacking a new unified meme coin staking protocol called Crypto All-Stars ($STARS).
The presale is barely a month old and it has already raised a sweltering $1.35 million.
Under the hood of this revolutionary new multi-chain ecosystem is the MemeVault protocol and its native $STARS token.
The meme vault enables meme coin fans to lock up their eligible meme coins and start generating some high passive income in the form of $STARS.
While the current roster enables staking for holders of around a dozen meme coins, the team says Crypto All-Stars will soon expand to welcome more into the stable.
Holders of Popular Meme Coins Can Earn Passive Income
Currently, holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and Bonk can stake them on the platform and earn passive income in the form of $STARS with a variable rewards rate currently set at 1,110%.
But that’s not all – investors can earn even more rewards by holding $STARS tokens. In fact, the more they hold, the greater their staking rewards, in a virtuous cycle that benefits both user and protocol.
Investors can purchase this token directly on the Crypto All-Stars website, where the price is currently $0.0014477 per $STARS token. However, there are under 24 hours remaining till the presale moves incrementally higher to the next fixed price tier of $0.0014535.
This will continue to increase over the presale season, while staking rewards rates will decrease as the staking platform grows. This means the sooner investors buy in and stake, the more rewards they’ll earn over the course of the presale.
Crypto All-Stars: How The Team Allocated $STARS
$STARS has a total supply of 42 billion tokens, with 20% (about 8.4 billion $STARS) allocated to the presale.
Another 25% is for staking rewards, or about 10.5 billion $STARS, and an additional 25% is for expanding the MemeVault ecosystem. The remaining 10%, or 4.2 billion $STARS will go towards future CEX/DEX listings.
By the time Crypto All-Stars hits the exchanges, there could well be a gold run for $STARS tokens when meme coin holders hear they can finally put their volatile assets to work in the MemeVault.
Getting rewarded in $STARS while being incentivized to hold it makes the token an integral part of the MemeVault’s value proposition.
Stake $STARS For Greater Rewards
Crypto All-Stars is all about staking, which in simple economic terms encourages long-term holding and positively impacts the price of $STARS by reducing the circulating supply, thus creating a scarcity that drives demand.
So far, people have staked 663.400 million $STARS in the MemeVault, representing around a third of the total presale funds raised.
This focus on staking as a form of utility for the meme coin sector is why popular YouTube influencers like Jacob Crypto Bury believe Crypto All-Stars is a potential 10X coin.
Following their purchase, investors can begin staking for rewards and claim their tokens once the presale ends.
So, if you are a meme coin investor who wants to put your money to work, Crypto All-Stars is a new and intriguing addition to the sector that will attract new investors and seasoned meme coin heads alike.
Investors can purchase $STARS on the website with ETH, USDT, BNB, or bank card.
Follow the team on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.
Visit the Crypto All-Stars Presale Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
