#币安盘前市场上线RED “When everyone knows that shorting makes money - shorting is no longer profitable”
It is well known that many short sellers have been wiped out in the Kaito project, so as the saying goes, watch more and act less; act more and die more! Wait for the flowers to bloom, wait for the wind to come.
➤ Recently, Binance Launchpool has launched the Redstone project, and I would like to briefly share this project with everyone:
1) Redstone is a cross-chain oracle project that has a partnership with an AR project, and the data will be stored on the AR blockchain. This project is entirely developed by an overseas team.
2) The oracle sector is highly competitive, and Redstone is still in its early stages, far from capturing the market.
3) The maximum supply of Redstone tokens is 1 billion, with an initial circulating supply of 280 million, accounting for 28%, which is a large circulating volume. The project team should hold most of the chips, as the Launchpool amount only accounts for 4%, and community airdrops range from 2% to 4%.
4) Binance has set up a price limit rule for this project, similar to A-shares, with a price cap.
From February 28 to March 1, the maximum order price is 200% of the opening price;
From March 1 to March 2, it is 300%;
From March 2 to March 3, it is 400%; and after March 3, there will be no price restrictions.
Recently launched projects on Binance Launchpool, such as KAITO and TST, have seen good price increases, especially KAITO, which has continuously refreshed its historical highs in recent days, breaking the previous curse of crazy declines immediately after launch on Binance.
#币安LaunchpoolRED 💡 Currently, the market really lacks sufficient momentum to take over.
1️⃣ It is believed that after the liquidation of KAITO, a large portion of people will not short the entire Redstone project, and at the opening, nearly 85% to 80% of the chips are in the hands of the project team. Therefore, how Redstone performs will depend entirely on the project team's operations.
It may surge like Kaito did, or if it drops, it could fall like Vana did previously, with a daily drop of 50%.
2️⃣ If you have BNB or USDC, you can participate in mining, as a new pool has opened this time. However, if you want to find opportunities in the secondary market, whether shorting or buying, the risks are relatively high.
3️⃣ This project allows holders of BNB to participate in mining, especially USDC, which has also opened a brand new pool for the first time. I recommend everyone to give it a try; if you have free chips, a long-term holder of one BNB can participate.