Binance has announced the 64th project on Binance Launchpool - RedStone (RED)
In decentralized finance (DeFi), real-time, trustworthy data is essential. Traditional data feeds often lack transparency and scalability. Redstone steps in to connect reliable data with the high demands of blockchain systems.
What is RedStone?
RedStone is a leading oracle provider that helps decentralized applications (dApps) to access data feeds that are frequently updated, reliable, and secure. RedStone also provides data feeds to blockchains and layer 2 scaling solutions across the entire blockchain ecosystem that are both EVM and non-EVM compatible.
How Redstone Works:
Redstone uses off-chain aggregation and on-chain verification. Data is processed off-chain for efficiency and cost savings, then securely sent onto the blockchain, reducing storage needs and gas fees while keeping the data reliable.
Here are some of the important 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: 280,000,000 RED (28.00% of total token supply)
Hourly Hard Cap per User:
66,666 RED in BNB pool
8,333 RED in FDUSD pool
8,333 RED in USDC pool
Read about RedStone (RED) here :
https://www.binance.com/en/support/announcement/detail/5e1eb05676a0492f889db144b46d439b
