Binance has just announced RedStone (RED) as the 64th project on Binance Launchpool. RedStone is a multi-chain oracle supporting both EVM and non-EVM chains, promising to provide high-quality decentralized data for Web3 applications.
Details about Launchpool
Users can stake BNB, FDUSD, and USDC to receive airdrop RED within two days, starting from 7:00 on 26/02/2025 (Vietnam time).
Total supply of RED: 1,000,000,000 tokens
Total Launchpool rewards: 40,000,000 RED (4% of total supply)
Initial circulating supply upon listing on Binance: 280,000,000 RED (28% of total supply)
Supported network: Ethereum
Farming period: 26/02/2025 – 27/02/2025
Reward allocation:
BNB Pool: 32,000,000 RED (80%)
FDUSD Pool: 4,000,000 RED (10%)
USDC Pool: 4,000,000 RED (10%)
RedStone (RED) opens trading on Binance Pre-Market
After the Launchpool phase ends, Binance will open Pre-Market for the RED/USDT trading pair at 17:00 on 28/02/2025 (Vietnam time).
Price limit mechanism in Pre-Market
For the first time, Binance applies a price limit mechanism (upward circuit breaker) to control price volatility in the first 72 hours of Pre-Market:
28/02 – 01/03: Maximum price = 200% of opening price
01/03 – 02/03: Maximum price = 300% of opening price
02/03 – 03/03: Maximum price = 400% of opening price
After 03/03: No price limit
Each user can hold a maximum of 5,000 RED in Pre-Market. After this phase, Binance will announce the official listing time on the Spot Market.
The introduction of RedStone into Binance Launchpool and Pre-Market marks an important milestone for the project, opening up opportunities for accessing powerful decentralized data across multiple blockchain ecosystems.
