Ronaldinho Gaúcho, a former Brazilian football player, has introduced STAR10, a new cryptocurrency token on the Binance Smart Chain. The launch comes after Ronaldinho’s cryptocurrency company got off to an unpopular start. He was charged in September 2023 with allegedly defrauding users out of $61 million through a cryptocurrency pyramid scheme.
My new one and ONLY OFFICIAL token is HERE! It’s time to celebrate greatness, passion, and that legendary spirit that NEVER fades Legends are not born… THEY ARE FORGED. And YOU can choose to be a part of it. Get your $STAR10 NOW. Let’s make history together!… pic.twitter.com/91KbaXVmgS
— Ronaldinho (@10Ronaldinho) March 2, 2025
Former Barcelona player Ronaldinho unveils official token
Brazilian soccer legend Ronaldinho is the most recent celebrity to invest in cryptocurrencies. Ronaldinho invited supporters to join him in this new endeavor by promoting STAR10 on social media. Holders of the token are eligible for special advantages like access to an AI-powered assistant and signed memorabilia.
What is STAR10 Token?
Ronaldinho, who introduced the STAR10 token had repeatedly warned that his name was being used by others to launch meme coins and make a profit before launching the STAR10 Token. However, he recently made the decision to introduce his own cryptocurrency token, which he called the STAR10 Token.
Also Read: Stablecoin Giant Tether Invests in Juventus Football Club
In contrast to other meme currencies, STAR10 provides tangible advantages like autographed collectibles, private events, exclusive meet-and-greets with Ronaldinho, and insights powered by artificial intelligence. Additionally, holders receive first dibs on upcoming projects and exclusive digital drops. The token’s one billion total supply is split between CEX allocations, marketing, Ronaldinho, public distribution, liquidity, and the team.
STAR10 price pumps
Star10 token experienced increased volatility on Monday. According to CoinGecko data, the token gained a lot of traction quickly, reaching a market cap of $31 million before declining to $16 million.
Ronaldinho’s STAR10 tokenomics under scrutiny
Despite the excitement about its launch and price increase, there were issues with the project’s design. According to reports, insiders receive a substantial 35% of the total supply, Ronaldinho receives 20%, and the development team receives 15%. In addition, concerns about STAR10 tokenomics and security threats have generated intense debates, particularly in the wake of recent cryptocurrency failures backed by celebrities.
Ronaldinho selected the BNB Chain over the popular Solana network in an effort to alter the negative perception of celebrity-launched tokens.
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