Binance has introduced RedStone (RED) as the 64th project on its Launchpool platform. RedStone is a multi-chain oracle compatible with both EVM and non-EVM blockchains, providing fast, gas-efficient, and tamper-proof cross-chain data feeds to power DeFi protocols on any blockchain.
Launchpool Details:
Farming Period: February 26, 2025, 00:00 (UTC) to February 27, 2025, 23:59 (UTC).
Total Token Supply: 1,000,000,000 RED.
Tokens Available on Launchpool: 40,000,000 RED (4% of total supply).
Initial Circulating Supply: 280,000,000 RED (28% of total supply).
Staking Options: Users can stake BNB, FDUSD, or USDC to farm RED tokens.
Pre-Market Trading: Binance will list RED for pre-market trading starting February 28, 2025, at 10:00 (UTC), with the RED/USDT trading pair. The pre-market phase includes an upward circuit breaker mechanism to limit maximum trading prices during the first 72 hours, aiming to enhance trading experience and mitigate volatility.
RedStone Overview: RedStone aims to enhance the DeFi ecosystem by delivering reliable and efficient data feeds across various blockchains, including Ethereum, Solana, Arbitrum, and Avalanche. Its innovative approach supports both EVM and non-EVM chains, offering greater interoperability and reduced transaction costs compared to traditional oracles.
For more detailed information, you can refer to Binance's official announcement.
