While the crypto market is down, Binance announces the 64th project on the Launchpool platform — RedStone (RED), a multi-chain oracle that works with both EVM and non-EVM networks.

A symbolic name for token on red days in crypto?

Pre-market token RED

Starting from February 28, 2025, at 10:00 (UTC), the listing of token RED on Binance Pre-Market will begin, and preliminary trading in the RED/USDT pair will open. The end date for preliminary trading and the official listing will be announced later.

Launchpool details for RED:

– Token name: RedStone (RED)

– Total and maximum token issuance volume: 1,000,000,000 RED

– Launchpool rewards: 40,000,000 RED (4% of total issuance volume)

– Initial circulating token volume at listing on Binance: 280,000,000 RED (28% of total issuance volume)

– Network and smart contract address: Ethereum Network (0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de)

This launchpool will have 3 pools: $BNB (80%), FDUSD (10%), and USDC (10%).

About the RedStone project:

RedStone is a modular oracle integrating Celestia and Pyth technologies, providing data for various blockchains. The project has raised $7 million in investments from companies such as Coinbase, Blockchain Capital, as well as from the founders of zkSync, Polygon, Avalanche, and AAVE.