Binance has introduced RedStone (RED) as the 64th project on its Launchpool platform. RedStone is a decentralized finance protocol that functions as an oracle for both Ethereum Virtual Machine (EVM) and non-EVM blockchains.

coinspeaker.com

Farming Details:

Start Time: February 26, 2025, at 00:00 UTC

Duration: 2 days

Staking Options: Users can stake Binance Coin (BNB), USD Coin (USDC), and First Digital USD (FDUSD) to farm RED tokens.

coinspeaker.com

Pre-Market Trading: Following the farming period, Binance will list RED on its Pre-Market platform on February 28, 2025, at 10:00 UTC. Initially, a maximum holding limit of 5,000 RED per trader will be enforced, and an "upward circuit breaker mechanism" will regulate the maximum trading price for the first 72 hours to ensure market stability.

coinspeaker.com

Participation Requirements: To participate in Binance Launchpool, users must have a verified Binance account and reside in an eligible jurisdiction. Currently, users from certain countries, including Australia, Canada, and the United States, are restricted from participating.

binance.com

For more information on how to get started with Binance Launchpool, you can refer to Binance's official guide.

binance.com

Please note that cryptocurrency investments carry inherent risks. It's essential to conduct thorough research and consider your financial situation before participating.