Brazilian soccer legend Ronaldinho has launched his STAR10 token on the Binance Smart Chain (BSC) with exclusive perks and promises of signed collectibles and VIP experiences.
However, concerns have been raised about the tokenomics due to the rapid price surge and substantial profits made by insiders.
Security flaws in the smart contracts, such as the ability to burn tokens from any holder's wallet, were identified and addressed, but the incident has raised additional concerns.
The launch of Ronaldinho's STAR10 token has caused controversy in the crypto community, highlighting potential insider trading and security gaps.