CRYPTO MECHANIC
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As $RED is Pre-market is now live
Here is the most important information you need to know about RedStone.
**What is Redstone?**
RedStone is a blockchain oracle provider delivering fast, gas-efficient and tamper proof cross-chain data feeds to power DeFi protocols on any blockchain.
**RED USECASE**
**Staking**
🔸 Data providers in RedStone's oracle network are required to stake RED tokens to attest to the quality and consistency of the data delivered
🔸 Any tokenholder can stake RED tokens in RedStone AVS on EigenLayer, adding an additional layer of security to the oracle network
🔸 At launch RED will be supported by partner AVS as a Liquid Restaked Token.
RedStone’s modular oracle stack allows it to support new chains, use cases and technologies significantly faster than competitors. It consists of four modules:
🔸Data-sourcing module:
Supports any modular pricing methodology including proof of reserve feeds, LSTs, LRTs, staked BTC, on-chain liquidity based feeds and more.
🔸Data-distribution module:
Supports multiple parallel oracle gateways including decentralized publicly run gateways and high-performance low-latency gateways.
🔸Data-relaying module:
Allows RedStone to support any oracle consumption model, including the push models used by all major lending protocols, pull models used by perp protocols, and any future model, such as ultra-low latency price feeds for upcoming chains.
🔸Data-consumption module:
Can be deployed easily to any chain, allowing RedStone to support any use case on any compatible blockchain with minimal scaling cost.
💥💥 The project has raised $22.87MM USD from three rounds.
** RedStone Tokenomics **
👉🏻 Max supply: 1B tokens
👉🏻 Pre-Market Supply: 40 Million
👉🏻Circulating supply when Official Listing: 240 Million
Binance Launchpool Allocated supply was 40 Million.
Read More about Red in this Article 👇🏻
Deep Dive Into Red
Here is the most important information you need to know about RedStone.
**What is Redstone?**
RedStone is a blockchain oracle provider delivering fast, gas-efficient and tamper proof cross-chain data feeds to power DeFi protocols on any blockchain.
**RED USECASE**
**Staking**
🔸 Data providers in RedStone's oracle network are required to stake RED tokens to attest to the quality and consistency of the data delivered
🔸 Any tokenholder can stake RED tokens in RedStone AVS on EigenLayer, adding an additional layer of security to the oracle network
🔸 At launch RED will be supported by partner AVS as a Liquid Restaked Token.
RedStone’s modular oracle stack allows it to support new chains, use cases and technologies significantly faster than competitors. It consists of four modules:
🔸Data-sourcing module:
Supports any modular pricing methodology including proof of reserve feeds, LSTs, LRTs, staked BTC, on-chain liquidity based feeds and more.
🔸Data-distribution module:
Supports multiple parallel oracle gateways including decentralized publicly run gateways and high-performance low-latency gateways.
🔸Data-relaying module:
Allows RedStone to support any oracle consumption model, including the push models used by all major lending protocols, pull models used by perp protocols, and any future model, such as ultra-low latency price feeds for upcoming chains.
🔸Data-consumption module:
Can be deployed easily to any chain, allowing RedStone to support any use case on any compatible blockchain with minimal scaling cost.
💥💥 The project has raised $22.87MM USD from three rounds.
** RedStone Tokenomics **
👉🏻 Max supply: 1B tokens
👉🏻 Pre-Market Supply: 40 Million
👉🏻Circulating supply when Official Listing: 240 Million
Binance Launchpool Allocated supply was 40 Million.
Read More about Red in this Article 👇🏻
Deep Dive Into Red
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.