Crypto All-Stars ($STARS) is upping the stakes for meme coins with its proprietary “MemeVault.”
Users will be able to stake any meme coin and generate passive rewards.
But right now, the project is in its preliminary stages and undergoing a presale, which has just surpassed the $1 million total raised mark.
$STARS presale investors are getting huge staking rewards
The MemeVault has yet to launch, but presale investors are already cashing in.
Crypto All-Stars has enabled staking for its native $STARS token, allowing investors to compound their tokens even while the presale is ongoing.
The staking mechanism currently provides a whopping 1,465% APY. However, this will decrease as the staking pool grows.
Its website shows that over 500 million $STARS tokens have already been staked. This is a good sign, indicating that even with many tokens deposited, it’ll still provide massive rewards.
A whopping 25% of the project’s total supply is allocated to $STARS staking rewards. This is dead even with the 25% earmarked for the MemeVault rewards.
Considering the MemeVault is slated to attract players from all the top meme coin communities, presale participants may have a much easier time farming rewards via $STARS staking instead.
Once the MemeVault launches, there’s every chance that thousands of meme coin holders will flock to Crypto All-Stars, hoping to compound their Dogecoin, Shiba Inu, Pepe, and other meme tokens.
MemeVault: turning so-called “joke tokens” into dead-serious financial assets
Originating in 2013 when Billy Markus and Jackson Palmer satirically created Dogecoin as a prod at the eccentric nature of cryptocurrencies, the meme coin sector soon took on a life of its own.
It’s now worth $38 billion, and millions of people are acutely aware of meme coins and what they represent – which was very little until now.
Meme coins really gained traction in 2021 alongside the Wall Street Bets Reddit community, with an idealistic vision of taking down Wall Street and the exploitative practices of traditional finance (TradFi).
It was built solely on community and “vibes” – which was certainly an attention grabber.
And when times are good, this works great. But in hard times, attention shifts from vibes to portfolio health, and meme coins were first to get cut. Unsurprisingly, this creates tons of volatility.
So what can we do about this?
The answer is MemeVault. Meme coin holders can generate consistent, passive revenue on their assets, turning them from joke tokens to dead-serious financial assets.
It’s an idea that could stabilize meme coin growth, and it’s starting to gain a lot of traction.
An analyst from the prominent media outlet 99Bitcoins thinks it can 100x.
“The opportunities can be endless with presale gems – if you want to buy $STARS, then now’s the time to strike,” he said.
Meanwhile, the project has garnered over 7,700 followers on X and 1,800 members on its Telegram channel.
Smart money prepares for “Uptober” while retail wallows in fear
September is historically a bad month for crypto, but this is paradoxically a good opportunity for investors.
Many retail traders fall into the trap of “buying high, selling low.”
Investing when sentiment and prices are high is an expressway to capital losses or breaking even at best.
Traders who invest when others are scared get the most value for money, which often translates to gains.
And right now, there’s a big opportunity for gains.
The Crypto Fear and Greed Index reads fear, but smart money keeps investing.
Lookonchain reveals how one whale pulled $64 million worth of Bitcoin off Binance on Monday. This means they probably bought it on the exchange and moved it to a cold wallet for long-term storage.
The following day, someone withdrew over $2.1 million worth of Pepe from Binance.
And smart money is also investing in the Crypto All-Stars presale, which has raised $1 million in under one month.
They’re not basing this on a hunch – next month is October, otherwise known as “Uptober,” due to the gains it historically provides.
By introducing staking utility to every top meme coin, Crypto All-Stars has a distinct narrative that could expedite its growth in the coming months.
But right now, investors can snag the lowest price on $STARS tokens.
It’s currently priced at $0.0014248, but this will rise throughout the presale, with the next increase in two days.