Only 4,000 eligible addresses, has RedStone's airdrop angered the masses?
Complete hundreds of tasks, rank at the top of the points list, but have no role in DC — no airdrop.
Written by: Alex Liu, Foresight News
On the evening of March 5, RedStone launched the airdrop query. Since its listing on Binance's pre-market on February 28, RED has hit Binance's newly launched price limit mechanism for three consecutive days, reaching above $1.4 after the price limit was lifted, and is currently reported at $0.87, with a market cap of $34 million and a fully diluted market cap of $860 million.
RedStone, as the latest Launchpad project from Binance, has attracted many participants in its airdrop activity and has garnered significant attention from the community. As a price oracle provider known for its low costs, the project has not experienced any major pricing errors since its launch and has received support from well-known investment institutions such as Coinbase Ventures and Blockchain Capital. However, after the launch of the airdrop query page last night, the community's reputation took a sharp downturn, with some netizens even calling it a 'scam project.' Why is that?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.