Former Brazilian football star Ronaldinho has officially launched his STAR10 token on the BNB Chain, marking his significant entry into the Web3 world.
What is STAR10?
STAR10 is Ronaldinho’s official crypto token, blending football, Web3, and fan engagement. It offers signed memorabilia & digital collectibles, exclusive VIP experiences, and community-driven initiatives.
Tokenomics Breakdown
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 & operations, 15% for the development team, and 5% for centralized exchanges. Additionally, 5% of project fees will go towards charitable causes, with the community deciding on the allocation.
Market Stability and Insider Trading Allegations
Following its launch, STAR10’s market cap skyrocketed to $300 million but soon dropped to $200 million, raising investor concerns. Blockchain analytics platforms reported suspicious transactions linked to the token. Allegations include insider trading, where an insider allegedly made a $4.94 million profit through quick buying and selling activities.
Despite various questions and suspicions surrounding the project, STAR10 offers new opportunities for fans and might significantly impact fan engagement in the cryptocurrency world.
