Earlier, the new coin Reddio from Binance Wallet, remember? Many people made some pocket money from the airdrop back then. Recently, the project has new developments.
It has just announced the completion of Series A financing, with a valuation of $80 million, corresponding to a coin price of 0.008.
Today, let's take a detailed look at this project.
1: First, let's talk about the origins of the Reddio project. The seed round was led by Paradigm, which has strong research capabilities in the cryptocurrency circle and has invested in many star projects.
Moreover, Reddio is the only parallel EVM project on Binance's Alpha incubation list. It is known that Binance has strict selection criteria for projects, and being on this list itself indicates that the team's technology and market positioning have received a certain level of recognition.
Now let's look at the current price: currently, the RDO price on BSC and ETH chains is about 0.009U, while the institutional lock-up cost is 0.008U, almost on par with retail investors' current price. It should be noted that institutional funds have a lock-up period of up to a year, meaning our current purchase cost is roughly equivalent to that of professional institutions, effectively starting from the same starting line. Although the market has fluctuations, referencing institutional holding costs shows that short-term risks are relatively controllable, and the cost-effectiveness is quite clear.
2: Then let's take a look at technology and data. Many projects claim high TPS but show unstable performance in practice; Reddio is different.
The public testnet launched in December 2024 achieved a measured 13,000 TPS (transactions per second) and has run stably without failure for five consecutive months. Compared to most similar projects that rely on PPT to depict 'future performance', Reddio has proven its technical implementation capability with sustained and stable measured data.
Simply put, TPS represents the efficiency of blockchain transactions. The higher the value, the smoother the operations on the chain. In the future, when using DeFi, chain games, and other applications on Reddio, transfer confirmations will be faster, with lower operational delays, significantly enhancing user experience compared to congested public chains. This pragmatic style of 'getting things done before talking' is indeed rare in the industry.
3: Next, let's look at the aspect of exchanges. The Reddio team is relatively cautious in choosing exchanges, rejecting platforms that require a large number of tokens as a listing condition. They are currently in discussions with leading exchanges such as Upbit, Bithumb, Kraken, and Binance Futures about listing.
The advantages of choosing top exchanges are well-known: concentrated user traffic, high market recognition, and stronger compliance, which is beneficial for the project's long-term liquidity building.
In terms of liquidity, the PancakeSwap pool currently locks in approximately $1.3 million worth of BNB and RDO, with a trading fee rate of only 0.01%, resulting in relatively low actual trading costs. Regarding token distribution, most tokens are locked or staked, with a limited current circulation ratio. The team revealed that only 2% of tokens were used in early airdrops, with 4% reserved for future activities, 4% for community incentives, and the remaining mainly used for staking ecosystem construction, making short-term selling pressure relatively controllable.
4: Let's take a look at the background and strength of the project founder and team:
Founder Neil Han has an educational background from the National University of Singapore and Stanford University, currently serving as a blockchain mentor at Nanyang Technological University, often conducting technical courses to share industry practices.
This combination of academic and industrial experience gives the team more credibility in terms of technical implementation, unlike projects that rely solely on concept packaging. Reddio dares to publicly test net measured data and maintain stable operation, reflecting the core team's technical foundation.
From the project's advancement pace, the team prefers to let technical achievements speak for themselves rather than relying on marketing hype. This style of 'emphasizing implementation, downplaying exaggeration' is particularly pragmatic in the crypto industry and is a signal worth noting for users focused on long-term technical value.
5: I estimate someone might ask, what's available for grabs now? Let's take a look.
1. Staking for mining: The DeFi staking pool has just opened, with a current reward pool of 21 million RDO being distributed, showing a high APY for early participants (current data around 2850%). However, a reminder: high APY may decrease with increased staking amounts, suitable for users willing to bear short-term fluctuations to grab early rewards, so calculate the cost cycle before operating.
2. Pay attention to listing dynamics: The team is advancing listings on Binance Futures and leading spot exchanges. Historically, new coins on major exchanges may bring short-term liquidity premiums. The current price is at a relatively low point, so it can be added to the watch list, but don't hold a 'must rise' mindset. The market has many fluctuating factors, so think carefully about the risk range you can bear before ambushing.
In my view, this project is roughly like this. Let me summarize for everyone:
Currently, Reddio clearly demonstrates characteristics: stable measured technical data (13,000 TPS sustained operation), strong team background (Paradigm investment + Binance incubation), token price close to institutional costs (current 0.009U vs. institutional lock-up 0.008U), and the market's attention has not fully reflected its value (early institutional valuation of $80 million).
The advantage of this type of project is that it has 'no obvious flaws'—it is neither pure concept hype nor has an inflated valuation bubble, suitable for long-term observation by investors interested in technical implementation capabilities. If you pay attention to staking mining or new coin listing opportunities, you can keep an eye on the current stage, but remember that the crypto market is volatile. Before participating, it's advisable to understand the technical principles and token economic model, then decide whether to intervene based on your own risk preference.
In short, it is not the kind of 'must rise' aggressive choice, but as a potential target with solid technical fundamentals, it is worth adding to your project list and keeping an eye on subsequent listing progress and ecological implementation.
