Former Brazilian football star Ronaldinho has officially launched his STAR10 token on the BNB Chain, marking his entry into the Web3 world. This event has sparked both interest and controversy.
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.
STAR10 Tokenomics
STAR10 has a total supply of 1 billion tokens, distributed as follows: 25% - liquidity, 20% - public sale, 20% - allocated to Ronaldinho, 15% - marketing & operations, 15% - development team, and 5% - centralized exchange allocation. Additionally, 5% of project fees will go towards charitable causes, with the community deciding the allocation.
Scandals and Market Volatility
Following its launch, STAR10’s market cap quickly reached $300 million but then plummeted. Blockchain analytics platforms have reported suspicious transactions linked to the token, suggesting price manipulation.
While STAR10 has the potential to revolutionize fan engagement through Web3, the early red flags should not be ignored. Investors should proceed with caution.
