I hope the project becomes successful,,, but not like $USUAL $BIO

IMPORTANT: Binance will be the first platform to list the token(s) mentioned herein, with Pre-Market trading starting at 2025-02-28 10:00 (UTC). Any claims to offer the token(s) for sale before the stated timeline are likely to be false advertising. Please do your own research to ensure safety of your funds!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce the 64th project on Binance Launchpool - RedStone (RED), a multi-chain oracle across EVM and non-EVM chains. The webpage is estimated to be available in 12 hours, before the Launchpool starts.
Users will be able to lock their BNB, FDUSD, and USDC to receive RED airdrops over two days, with farming starting from 2025-02-26 00:00 (UTC).
Pre-Market:
Binance Pre-Market will then list RED at 2025-02-28 10:00 (UTC) and open pre-market trading for the RED/USDT trading pair. Pre-Market end time and spot listing time will be announced at a later date. Please stay tuned for our upcoming announcement. Participation in Binance Pre-Market is subject to eligibility based on the user's country or region of residence.
Price Cap Mechanism for Binance Pre-Market
To continue innovating and enhancing the trading experience for our users, Binance is introducing enhanced features for Binance Pre-Market - Price Cap Mechanism.
Price Cap Mechanism limits the maximum trading price to a certain percentage of the initial opening price for the first 72 hours of trading in Pre-Market. After the initial 72 hours, there will be no price restrictions, and trading will resume as normal.
Please note that this Price Cap Mechanism is being trialed for the RED token launch and it is yet to be determined if this will be an ongoing feature of future Pre-Market.
For detailed information on RED tokenomics, please refer to the official project documentation.
Pre-Market Details:
Maximum Holding Limit per User: 5,000 REDPrice Cap Mechanism Rules:2025-02-28 10:00 (UTC) - 2025-03-01 09:59 (UTC): Maximum allowable price limit is 200% of the initial opening price 2025-03-01 10:00 (UTC) - 2025-03-02 09:59 (UTC): Maximum allowable price limit is 300% of the initial opening price2025-03-02 10:00 (UTC) - 2025-03-03 09:59 (UTC): Maximum allowable price limit is 400% of the initial opening priceAfter 2025-03-03 10:00 (UTC): No price restrictions for Pre- Market
More Information about Pre-Market:
Binance Launches Pre-Market: Exclusive Offering for Users to Acquire Tokens Before Official Spot ListingWhat Is Binance Pre-MarketHow to Spot Trade on Binance (App / Web)
RED Launchpool Details:
Token Name: RedStone (RED)Total and Max. Token Supply: 1,000,000,000 RED Launchpool Token Rewards: 40,000,000 RED (4% of total token supply)Initial Circulating Supply When Listed on Binance: 280,000,000 RED (28.00% of total token supply)
Smart Contract / Network Details: Ethereum Network (0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de)
Launchpool Terms will apply. Users are required to complete KYC to Binance’s satisfaction.
Hourly Hard Cap per User: 66,666 RED in BNB pool8,333 RED in FDUSD pool8,333 RED in USDC poolRead about RedStone (RED) in our research report here, which will be available within 24 hours of publishing this announcement.
Supported Pools:
Lock BNB (webpage will be available in around 12 hours): 32,000,000 RED in rewards (80%) Lock FDUSD (webpage will be available in around 12 hours): 4,000,000 RED in rewards (10%)Lock USDC (webpage will be available in around 12 hours): 4,000,000 RED in rewards (10%)Farming Period: 2025-02-26 00:00 (UTC) to 2025-02-27 23:59 (UTC)
RED Farming Accumulation:
Dates (00:00:00 - 23:59:59 UTC Each Day)Total Daily RewardsBNB Pool Daily RewardsFDUSD Pool Daily RewardsUSDC Pool Daily Rewards2025-02-26 - 2025-02-2720,000,000 RED16,000,000 RED2,000,000 RED2,000,000 RED
Project Links:
WebsiteWhitepaperX
Please Note:
Binance Pre-Market users are subject to a maximum holding limit of tokens. If a user's current Spot Account holdings exceed the holding limit, they will not be able to purchase additional tokens in the Pre-Market. Only master accounts and regular user accounts are eligible to participate in Binance Pre-Market (sub-accounts will not have Pre-Market trading permissions).Withdrawal, transfer, and deposit functionalities are suspended during the Pre-Market period. Please refer to Binance Pre-Market FAQs for more details. Only users from selected countries are eligible to participate in Binance Pre-Market.Users need to upgrade the Binance App version to 2.89.0 and above.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their Spot Accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be locked in one pool at a time. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unlock their funds at any time with no delay and participate in any other available Launchpools immediately.Tokens locked in each Launchpool and any unclaimed rewards will be automatically transferred to each user’s Spot Account at the end of each farming period.Users who have locked their BNB in Flexible Products and Locked Products, including Binance BNB Simple Earn and BNB On-chain Yields Products, will automatically participate in the Launchpool and receive new token rewards.If there is more than one Launchpool project running concurrently, users' BNB assets in BNB Flexible Products and Locked Products will be split and allocated into each project equally, unless otherwise specified.BNB Flexible Products assets used as collateral for Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance Keyless Wallet will be supported in Launchpool reward calculation.BNB locked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops and VIP benefits.Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Currently, users from the following countries or regions will not be able to participate in farming RED: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of UkraineThis list may be updated periodically at Binance’s discretion.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-02-25
Note: This announcement was last updated on 2025-02-28 to provide more information on RED tokenomics. Previously, it was updated on 2025-02-25 to rename the “Upward Circuit Breaker Mechanism” to “Price Cap Mechanism” for clarity purposes.