Industry moves millions during US elections
Every day closer to the result of the presidential elections in the United States, the cryptocurrency industry has suffered significant influence. This is because everyone is investing more in digital assets than in other industries.
The cryptocurrency market is moving. Especially as the election results approach. A new project, Crypto All-Stars, has stood out. One of the reasons is that it offers an innovative platform for staking memecoins.
Cryptocurrency market moves millions during US election campaign
During their campaigns, former President Donald Trump and current Vice President Kamala Harris presented proposals for the crypto community. However, the industry's impact will only be evident after the election result.
Many people in the cryptocurrency space aspire to a president who is friendly to cryptocurrency companies. Therefore, they believe in government regulation of digital assets and in encouraging the Securities and Exchange Commission to establish rules on how to safeguard the interests of this public.
JP Richardson, president and CEO of Exodus Crypto Wallet, contributed a total of $844,000 to Trump's presidential campaign. That's because Donald Trump promised to transform America into the “global capital of cryptocurrencies”.
In July, Trump attended the Bitcoin 2024 conference in Nashville. At the time, he pledged to remove SEC Commissioner Gary Gensler. He also talked about keeping all bitcoins in a “strategic national Bitcoin ecosystem.”
Richardson contributed $1.3 million to Stand With Crypto. It is an entity dedicated to registering and disseminating information about political candidates who are supported by cryptocurrency companies.
Barry DiRaimondo, co-founder and executive director of SteelWave Digital, believes that the outcome of the elections will be fundamental for cryptocurrency companies. Therefore, it is favorable to those who support the regulation of cryptocurrencies to transform them into a traditional financial product. He also stated that Exodus did not support any political party as they are politically impartial.
In the midst of this, the new Crypto All-Stars (STARS) token is being highlighted for its functionality and great pre-sale acceptance. Furthermore, the token is likely to stand out even more in the current cryptocurrency market scenario.
Learn more about the new Crypto All-Stars project
With the rise related to the elections, the recently launched STARS token has already reached the figure of US$3 million in its pre-sale. This is not surprising, as the token provides access to a highly profitable ecosystem that is distinct from what is commonly available on the market.
This is due to the fact that many assets focus on passive income and staking. This is a common strategy to make profits quickly, as tokens are typically deposited into a liquidity pool that offers returns to investors. However, Crypto All-Stars goes beyond simply defining a system based on its original token.
The project introduces the idea of MemeVault. This is a new strategy to generate passive income and boost interest in the memecoin market. This is the first unified staking system available on the market. The ecosystem's liquidity pool allows investors to use multiple memecoins, multiple tokens or even multi-chain tokens.
This allows meme enthusiasts to discover a unique feature. Those who choose to allocate STARS tokens in the ecosystem also ensure superior gains. After all, the token is the connection to other cryptocurrencies that support staking.
According to the project's official website, the current return from the staking system is 516% APY. However, always check the index before purchasing your tokens, as values are determined by the amount of assets available in the pool at the time.
Crypto All-Stars Presale
It is generally a good investment strategy to purchase pre-sale tokens. Because at this stage, prices are lower to attract investors. The resources raised contribute to the integral development of the ecosystem. Subsequently, it is possible to reap returns at the listing stage, which makes the investment even more attractive.
Regarding Crypto All-Stars, this step should be brief. This is because MemeVault is gaining interest from several industry experts and influencers. This is the case of Jacob Crypto Bury, who has highlighted the asset as the most promising pre-sale of 2024. Bury currently has one of the most watched specialized channels on YouTube and his predictions are usually quite accurate.
Those who wish to purchase STARS tokens must visit the project's official website. With the balance of memecoins such as FLOKI, SHIB, DOGE and PEPE, it is possible to purchase STARS tokens. Additionally, it is possible to make purchases using a credit card, upon payment of the related fees.
It is important to highlight that the Crypto All-Stars smart contract has undergone a full audit by Coinsult and Solidproof. The project's network and security code presented no problems.
For more information, subscribe to Crypto All-Stars on Telegram or X to stay up to date on the latest initiatives.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.