With its pixelated artwork and unique style, Crypto All-Stars has taken the entire cryptocurrency space by storm. Raising more than $860,000 within just days of arriving on presale, the token has the crypto community talking about whether it has what it takes to become the next big crypto.
What is New Meme Token $STARS
The meme coin market has seen the arrival of several projects with a meta-narrative involving several meme characters. It started with the “Vs.” memes in the past, where top mascots of the leading meme coins were pitted against each other in a fictional combat sport setting. There also used to be a “Book of Memes” that leveraged the popularity of multiple memes to gain traction on the market.
However, most of these tokens limit the participation of multiple meme coin communities to social media only.
At best, all the investors from the meme coin communities could do is communicate with each other and share memes.
Crypto All-Stars promises to remove this disparity by making the multi-meme coin relationship more tangible.
While the artwork and website design is quirky, with 8-bit animated versions of the top meme coin mascots hanging out with each other, what makes Crypto All-Stars unique is its staking protocol, which can potentially set precedence for a multi-meme coin ecosystem.
This utility is known as the MemeVault.
MemeVault – Unique Meme Coin Staking Protocol
Staking has become a staple in the DeFi ecosystem. Investors interact with the crypto space and stake their tokens to make them stable over the long term and gain access to passive gains. Through staking, these investors are regularly rewarded with dynamic APY rewards.
However, most staking protocols are limited to tokens that exist within one particular ecosystem. With MemeVault, however, Crypto All-Stars has turned the concept around and created a novel approach that involves staking not just its native crypto—STARS—but some of the top meme coins on the market.
These include Floki Inu, Pepe, Dogecoin, Milady, and more.
Staking these tokens will allow users to earn APY rewards paid out in additional STARS tokens.
This multi-meme coins staking method can potentially develop a more tangible relationship between the blockchain communities, unifying the meme coin ecosystem.
That said, much like other presale cryptos that have arrived this year, Crypto All-Stars also offers staking opportunities for those who invest early.
So far, upwards of 440 million tokens have been staked, and the estimated rewards are more than 1500%.
Crypto All-Stars Tokenomics
Crypto All-Stars has created a tokenomics that not only rewards early participants but also those who arrive in the ecosystem once the presale has concluded.
Here is the complete breakdown of the total STARS tokens available:
- 20% of the total supply is allocated to the presale.
- 25% of the total supply is allocated to the staking rewards.
- 20% is allocated to marketing.
- 10% is for CEX and DEX liquidity.
- And 25% is for the MemeVault ecosystem.
Is Crypto All-Stars a Good Investment?
Crypto All-Stars offers a unique perk that could bring the crypto community together in tangible ways. Here are some of the reasons why it is a suitable investment.
Current Market Conditions Make Low-Cap Crypto Better Investment Options
The current market is going through a volatile phase. Bitcoin has already gone above and below the $60K mark more than a couple of times, and the tug-of-war between the bulls and bears may not allow it to reach an all-time high again this year.
With low-cap cryptos like Crypto All-Stars, investors have a cheaper alternative. Parking even a small portion of funds into these assets could lead to big gains, as meme coins have historically increased exponentially when the market conditions are optimal.
Animated Imagery
How every meme coin mascot has been portrayed on the official website can bring more degen investors to check out what Crypto All-Stars offers. The unique approach of blending 2D animations with meme coins leaves doors open for unique community-centric use cases to emerge.
Attention From Major YouTubers
Crypto All-Stars has also gotten the attention of major YouTubers, and most of them have responded positively to it.
Jacob Crypto Bury has discussed the potential of this token to reach 10x in its latest video.
The YouTuber has talked about the marketability of this project.
ClayBro is another prominent YouTuber who has expressed his bullishness about the rewards that await those who stake top meme coins on the MemeVault.
Enhancing the Utility of Other Meme Coins
Crypto All-Stars can also potentially enhance the utility of other meme coins through its MemeVault. “Vaulting” coins like DOGE or FLOKI in return for APY rewards in terms of STARS can add more value to other meme coins if Crypto All-Stars proves profitable.
This could establish a circular growth paradigm in which the growth of the staked meme coins leads to the growth of the STARS token, and the growth of the STARS token leads to the rise in the value of the staked meme coins.
Crypto All-Stars is currently available at a discount price of $0.0013966. Those interested in this project can visit cryptoallstars.io.
For more updates about this token, we recommend following it on Twitter and Telegram.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of CryptoTotem, nor is it intended to be used as legal, tax, investment, or financial advice. The author or the publication does not hold any responsibility, directly, or indirectly, for any damage or loss caused or alleged to be caused by or connected with the use of or reliance on any content, goods or services mentioned in this article. Readers should conduct their own research before taking any actions related to this company.