A journalist and copywriter with a decade's experience across music, video games, finance and tech.
Degen circles are buzzing with excitement over Crypto All-Stars, a new presale for a cross-chain meme coin staking protocol that has already raised over $1.2 million.
The two central components of this revolutionary new staking ecosystem are the MemeVault protocol and its native $STARS token.
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 fold.
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 1,194%.
But that’s not all – investors can earn up to three times more rewards by holding $STARS tokens.
You can purchase this reward-enhancing token directly on the Crypto All-Stars website, where the price is currently $0.0014362 per $STARS token.
This will incrementally increase over the course of the presale, and rewards rates will decrease as the staking platform grows, so the sooner investors buy in and stake, the more rewards they’ll earn over the course of the presale.
$STARS has a total supply of 42 billion tokens, with 20% allocated to the presale, equating to 8.4 billion $STARS.
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 crosses that bridge and hits the open market, there could well be a gold run for $STARS tokens once
Read more on cryptonews.com