Stars Arena hacked as Memeinator token sale gains strength

• SocialFi is turning into a fast-growing business within the crypto sector.

• Stars Enviornment introduced a significant hack in its ecosystem.

• Meminator has raised over $643k prior to now few days.

Stars Enviornment, the fast-growing social app, introduced a significant assault on Saturday, a day after the builders stopped one other one. In a tweet (or X), the builders stated that the assault had stolen over $3 million, leaving it with simply $1. 

Stars Enviornment is a brand new platform that was impressed by Pal.Tech, the social app that has attracted over 100k customers prior to now few months. Whereas Pal.Tech is in-built Base Blockchain, Stars Enviornment is predicated in Avalanche. In accordance with DappRadar, Stars Enviornment has attracted over 20k customers prior to now few days.

Stars Enviornment’s efficiency has helped increase the efficiency of AVAX. AVAX value surged to a excessive of $11.88 on Saturday after which retreated to a low of $10.40 after the hack. In a separate tweet, the builders stated they’d secured the sources to shut the hole and is conducting a significant safety audit.

Vital information: we have now secured the sources to shut the hole attributable to the exploit.

Moreover, a particular white hat growth group is coming in to quickly evaluation the safety of the platform.

We’ll re-open the contract with all of the funds in full after a full safety…

— Stars Enviornment (@starsarenacom) October 7, 2023

Memeinator token sale continues

The opposite essential crypto news of the week was the launch of Memeinator’s token sale. This sale has been extremely profitable, with the builders elevating over $643k, making it one of many fastest-growing tokens within the business. You should buy the token in both ETH, USDT, or BNB here.

For starters, Memeinator is a brand new cryptocurrency that seeks to change into the most important meme coin on this planet. It goals to disrupt an business that’s now dominated by the likes of Shiba Inu, Dogelon Mars, Floki Inu, and Pepe.

Whereas cryptocurrency costs have retreated prior to now few months, most of them like Pepe, Shiba Inu, and DOGE are nonetheless price billions of {dollars}. 

Memeinator goals to achieve utility by incorporating the idea of synthetic intelligence (AI). AI has change into a significant theme available in the market after the success of ChatGPT, Google Bard, and Anthropic. 

OpenAI, the mum or dad of ChatGPT, raised $10 billion from Microsoft earlier this yr whereas Anthropic raised $4 billion from Amazon. In whole, AI investments have jumped to greater than $20 billion this yr.

Memeinator will use AI in a number of methods. For one, the builders will use the expertise to energy video games and different dApps in its ecosystem.

Memeinator could have a complete provide of 1 billion tokens. 62.5% of those tokens shall be bought in a presale in a 29-stage course of, with its value going up in every of this stage. You may learn the Memeinator white paper here.