👉 In 2024 RedStone, a newcomer in the oracle space, exploded, adding 100 new clients, >30 new chains, and pioneering the first oracles for LSTs, LRTs, BTC staking, yield bearing stablecoins and more.
In 2025 RedStone is disrupting the oracle sector and winning market share from incumbents at every level.
The upcoming $RED token will be the foundation of the RedStone oracle network. As RedStone scales to secure protocols on thousands of blockchains $RED will help secure and decentralize RedStone's oracles.
$RED will introduce the first truly sustainable oracle tokenomics, powered by an innovative staking mechanism utilizing EigenLayer. Details of $RED tokenomics and staking will be released soon.
👉 Binance is excited to announce the 64th project on Binance Launchpool - RedStone (RED), a multi-chain oracle across EVM and non-EVM chains. The webpage is estimated to be available in 12 hours, before the Launchpool starts.
Users will be able to lock their BNB, FDUSD, and USDC to receive RED airdrops over two days, with farming starting from 2025-02-26 00:00 (UTC).
RED Launchpool Details:
Token Name: RedStone (RED)
Total and Max. Token Supply: 1,000,000,000 RED
Launchpool Token Rewards: 40,000,000 RED (4% of total token supply)
Initial Circulating Supply When Listed on Binance: 280,000,000 RED (28.00% of total token supply)
Smart Contract / Network Details: Ethereum Network (0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de)
Launchpool Terms will apply. Users are required to complete KYC to Binance’s satisfaction.
Hourly Hard Cap per User:
66,666 RED in BNB pool
8,333 RED in FDUSD pool
8,333 RED in USDC pool
Read about RedStone (RED) in our research report HERE! which will be available within 24 hours of publishing this announcement.
