Former Brazilian football star Ronaldinho has officially launched his STAR10 token on the BNB Chain, marking his entry into the Web3 world.
What is STAR10?
STAR10 is Ronaldinho’s official crypto token that blends 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.
A Rocky Start: Market Volatility & Insider Trading
Following its launch, STAR10’s market cap surged but then quickly dropped, raising concerns among investors. Allegations of insider trading and price manipulation arose as questionable transactions linked to the STAR10 team were reported.
Despite Ronaldinho's global fame and STAR10's potential to engage fans through Web3, early red flags suggest investors should proceed with caution.