Former Brazilian football star Ronaldinho enters the Web3 world with the launch of his STAR10 token on the BNB Chain. The token offers fans exclusive experiences but has already sparked controversy concerning potential market manipulation.
What is STAR10?
STAR10 is Ronaldinho’s official crypto token, blending football, Web3, and fan engagement. The token offers signed memorabilia and digital collectibles, exclusive VIP experiences, AI-powered insights for fans, and community-driven initiatives. Ronaldinho emphasizes that STAR10 is a long-term vision, not just another meme coin.
Tokenomics and Market Changes
STAR10 has a total supply of 1 billion tokens, distributed as follows: 25% for liquidity, 20% for public sale, 20% allocated to Ronaldinho, 15% for marketing and operations, 15% to the development team, and 5% for centralized exchanges. Additionally, 5% of project fees will go towards charitable causes, as decided by the community. Hours after its launch, STAR10's market cap surged to $300 million and then sharply dropped, raising concerns about market manipulation.
Community Concerns and Past Controversies
Ronaldinho has faced crypto-related controversies before, such as the '18kRonaldinho' scam. With insider trading allegations around STAR10, there’s a risk of eroded investor confidence. The rise in popularity of meme coins in 2024 showed that some projects failed to meet investors' expectations.
While STAR10 has the potential to engage fans uniquely, the early red flags should not be ignored. Investors are advised to closely monitor the project’s transparency and execution.
