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#BinanceLaunchpoolRED Binance has announced RedStone (RED) as the 64th project on its Launchpool platform. RedStone is a multi-chain oracle designed to provide secure and efficient data feeds across both Ethereum Virtual Machine (EVM) and non-EVM blockchains. This integration aims to enhance the decentralized finance (DeFi) ecosystem by offering reliable data services to various networks. Launchpool Details: Farming Period: February 26, 2025, 00:00 UTC to February 27, 2025, 23:59 UTC. Total Rewards: 40,000,000 RED tokens, constituting 4% of the total supply. Supported Pools: Users can stake Binance Coin (BNB), First Digital USD (FDUSD), or USD Coin (USDC) to earn RED tokens. Post-farming, Binance will list RED on its Pre-Market platform on February 28, 2025, at 10:00 UTC, opening the RED/USDT trading pair. To manage initial volatility, an "upward circuit breaker mechanism" will be in place for the first 72 hours, limiting the maximum trading price to a predefined percentage above the initial listing price. After this period, normal trading will resume without price restrictions. RedStone's architecture supports multiple blockchains, including Ethereum, Solana, Arbitrum, and Avalanche, promoting greater interoperability and reduced transaction costs. Its on-demand data provision model ensures network efficiency, while advanced security measures maintain data integrity. This initiative reflects Binance's commitment to supporting innovative projects that contribute to the growth and diversification of the blockchain ecosystem.

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