BinanceTR Launchpool - Redstone (RED) Detailed Analysis
Launchpool Start: February 26, 2025, 03:00
Launchpool Duration: 26/02/2025 03:00 - 28/02/2025 02:59 (2 days)
How Can You Participate?
To participate in the Launchpool event, you must first have a Binance TR account. If you have a Binance TR account, you can earn $RED airdrop by staking #BNB.
Spot Listing: To be announced later.
What is Redstone?
Redstone is a modular blockchain oracle solution for decentralized finance (DeFi). It securely and cost-effectively transfers off-chain and on-chain data to smart contracts.
Key Features
Modular Structure: Operates quickly and efficiently by reducing gas costs.
Wide Blockchain Support: Can operate on more than 70 networks such as Ethereum, BNB Chain, Polygon, Avalanche.
Wide Asset Range: Provides support for cryptocurrencies, LSTs, LRTs, forex, and commodities.
Fast and Reliable Data Flow: Collects price information from centralized and decentralized exchanges.
Use Cases
Lending Protocols: Platforms like Morpho, Venus.
Derivative and Options Platforms
Staking and Re-Staking Systems
Insurance and Liquidity Pools
Total Supply and Distribution
Total Supply: 1 billion (1,000,000,000) RED tokens.
Initially, 30% will enter circulation, while the remaining portion will be gradually released according to a long-term locking and distribution plan.
There are also significant players in the industry supporting the project.
