- Ronaldinho introduces his official token, STAR10.
- STAR10 has dropped over 22% and is now trading at $0.2619.
Brazilian footballer Ronaldinho has released his official digital token, STAR10. Developed on the BNB Chain, STAR10 seeks to establish a distinctive connection between football and blockchain technology, providing football fans with access to special challenges, rewards, and events.
The total supply of STAR10 is set at 1 billion tokens with a structured distribution model to support both liquidity and engagement. 25% of the supply is allocated to liquidity, facilitating trading and market circulation.
Ronaldinho takes 20%, and the remaining 20% is reserved for public offering, so general investors and supporters can join in. Market operations are given 15% for promotional use, and the partnership’s development team is also provided 15%. Finally, 5% of the tokens are reserved for centralized exchanges (CEX).
Notably, an insider has made a $4.94 million profit from $STAR10 trading. Initially, 48 BNB worth $29,247 was spent to acquire 20.79 million STAR10 tokens. A total of 119,278 STAR10 was sold for 54 BNB. The insider still holds 20.68 million STAR10, valued at $4.93 million.
A wallet belonging to the $STAR10 team spent 80 BNB buying 122.45 million STAR10, which is equivalent to 12.24% of the total supply. The wallet sold 1 million STAR10 for 433 BNB and retained 121.44 million STAR10 worth $33.5 million.
Furthermore, the Ronaldinho Coin (STAR10) is trading on the downside, losing over 22.38%. In the early hours, STAR10 traded at a high of $0.3964 and eventually, fell to a low of $0.2634. At press time, STAR10 trades at $0.2619 with its daily trading volume reaching $48.43 million.
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Source: https://thenewscrypto.com/football-legend-ronaldinho-joins-crypto-with-star10-token/