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Earlier Today, on March 3rd, Ronaldinho, a former Brazilian football player, made his debut in the cryptocurrency space by launching Star10, his own token, on the Binance Smart Chain (BNB Chain).
The football star is taking a big step with this move as he enters the expanding blockchain and cryptocurrency market. Through exclusive access to digital information, memorabilia, and one-of-a-kind experiences connected to the star’s history, the Star10 token seeks to bridge Ronaldinho’s sizable fan following with the world of decentralized finance (DeFi) and NFTs.
Why is The Star10 Token Special?
The introduction of the token fits into a larger pattern in which athletes are using blockchain technology to develop fresh approaches to fan interaction.
Ronaldinho guarantees that the Star10 token runs on a scalable, quick, and secure blockchain platform by utilizing the BNB Chain.
The launch also demonstrates how cryptocurrencies are becoming more widely used in mainstream industries, bridging the divide between blockchain innovation, sports, and entertainment. Ronaldinho supporters can now take part in this innovative new endeavor.
Also Read: Crypto Trader Turns $118K Into $1.66M in Just 5 Minutes With Strategic $STAR10 Memecoin Trade
Binance’s CZ Warns on Fake Star10 Tokens
With the rise in popularity of the Star10 token, many people have started falling pey to false tokens and scams realted to the coin.
Addressing this issue, Binance founder CZ took to X, stating that “Ronaldinho’s STAR10 coin was launched on BNB Chain EXCLUSIVELY.”
He added, “Other chains’ coins are fake. Beware of scammers. Meme coins are highly volatile, and recent volumes have decreased significantly. High risk.”
He concluded his address by saying “While I have been a fan of Ronaldinho since 2005, and we appreciate the token was launched on BNB Chain, there are no commercial relationships between BNB Chain (or any of our affiliates) and Ronaldinho.”
Star10 Tokenomics: What Do They Say?
With its distinctive tokenomics concept intended to engage fans and spur long-term growth, Ronaldinho’s new token, Star10, runs on the Binance Smart Chain (BNB Chain).
A combination of fan-driven incentives, staking rewards, and initial token launches make up the token’s distribution strategy.
To better connect the token to Ronaldinho’s legacy and brand, a percentage of the tokens are set aside for digital collectibles, NFTs, and exclusive fan experiences.
At the press time, the token is trading at $0.2981, according to data from geckoterminal. The Total Maximum Cards Supply for the coin at present stands at 1 Billion.
A significant portion, 25%, is dedicated to liquidity to support trading circulation. Ronaldinho himself holds 20% of the total token supply, while 20% is set aside for public distribution, making the token accessible to fans and investors.
Additionally, 15% is reserved for market operations, including airdrops and other marketing activities, helping to raise awareness and engagement. The project team receives 15%, incentivizing continued development and success.
Finally, 5% is allocated to centralized exchanges (CEX), facilitating trading on major platforms. This well-rounded distribution model aims to foster community involvement, promote growth, and ensure long-term success for the token.