Crypto All-Stars ($STARS) is raising capital via a presale to build a unified meme coin staking app called MemeVault.
It’s a multi-chain, multi-token locker that lets users generate passive rewards on their meme coins.
The presale is touching on a $2 million raise, solidifying it as one of crypto’s hottest new projects.
$STARS presale rallies despite the market dip
Standing in the way of crypto’s normal bullish beginning to Q4, conflict escalations in the Middle East caused crypto prices to plummet this week.
Bitcoin led the fall, touching dangerously close to its $60K support.
As a result, altcoins also suffered a strong decline. Meme coins were among the worst hit, currently, the five top meme coins are all in the red.
Dogecoin, Shiba Inu, and Pepe are down over 10% this week, while Dogwifhat and Bonk are down 7 and 8%, respectively.
Despite the losses, investors continue to pour into the Crypto All-Stars presale, with the raised amount now sitting above $1.9 million.
This represents the market’s excited outlook on $STARS as an underlying infrastructure token within the high-volatility meme coin sector.
MemeVault: Crypto All-Stars’ multi-token staking app
Crypto All-Stars is changing how users interact with meme coins.
Powered by Ethereum’s ERC-1155 multi-token standard, MemeVault can support staking for any meme coin on any blockchain.
It’ll start with 11 of the most popular, including Dogecoin, Shiba Inu, Pepe, Bonk, and Mog Coin. However, the website says it’ll add support for more meme coins later.
So how does it work?
First off, users must hold $STARS to access the vault, and their rewards will be proportional to how much they have.
Once it launches, users can head to the MemeVault dashboard, deposit their meme coins, and wait for the $STARS rewards to start rolling in.
Despite the meme coin market being worth $50 billion, it continues to lag in utility.
Crypto All-Stars borrows ideas from DeFi, providing meme coin holders with an alternative use for their tokens.
As mentioned, demand for $STARS will stem from MemeVault users.
However, there’s another $STARS utility that could further propagate its demand.
Users can also stake their $STARS tokens. $STARS staking is live and currently provides a 752% APY.
However, the staking rewards will decrease as the staking pool grows, so prospective investors are incentivized to act fast.
Interestingly, the team has allocated an even share of tokens to the MemeVault and native staking rewards.
Considering the significant amount of liquidity competing for MemeVault rewards, it’s clear that the team is focused on uplifting $STARS’ importance, which is a good sign for investors.
Analysts are paying close attention, with ClayBro from 99Bitcoins recently telling investors to “prepare for 10x gains.”
ClayBro underscored the presale’s success and said, “Crypto All-Stars continues to show a lot of demand despite the overall volatility in the crypto market.”
A phased roadmap geared for $STARS price appreciation
The project is off to a strong start, and it’s far from finished.
There’s a lot lined up, including the token exchange launch and then the MemeVault launch.
This could present significant opportunity; both are high-impact events that may skyrocket demand for $STARS.
The exchange launch will mark the first time $STARS can be bought and sold on the open market, with its price shifting from fixed to dynamic based on supply and demand.
Over 900 million $STARS tokens are already staked, indicating that the post-launch supply will be thin.
Following on, the launch of MemeVault is when investors from all the leading meme coins will begin purchasing $STARS, creating a huge new demand stream for the token.
Like most meme coins, Crypto All-Stars has light-hearted and engaging branding.
However, there’s an innovative token economy underpinning the project, which rewards $STARS holders while stimulating long-term growth.
This separates it from most other meme coins and explains its presale success.
Follow Crypto All-Stars on X or join its Telegram to stay updated. Alternatively, visit its website to buy and stake tokens.