💫 Binance Launchpool launches RedStone with a new mechanism
🔯 Binance has just announced that the 64th project on the Launchpool platform is RedStone (RED). Accordingly, users can lock BNB, FDUSD, and USDC to receive airdrop RED tokens over two days. The program starts at 7 AM on February 26.
🔴 RedStone has a total supply and maximum supply of 1 billion RED. The amount of tokens distributed through Binance Launchpool is 40 million RED, accounting for 4% of the total supply. The initial circulating supply when listed on Binance will be 280 million RED, equivalent to 28% of the total supply. The RED token operates on the Ethereum network with smart contract 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de.
⚡️ Binance's pre-market will list $RED at 5 PM on February 28. This market will open trading for the RED/USDT pair.
💍 Binance is introducing a new feature – a price increase circuit breaker mechanism – to limit extreme price volatility in the first 72 hours of listing on the pre-market.
🍕 The RED token is trading at 0.8678 USD on some pre-market exchanges. The total trading volume reached 20.71 thousand USDT, equivalent to 27.09 thousand RED.
