#BinanceLaunchpoolRED

Binance has introduced RedStone (RED) as the 64th project on its Launchpool platform, offering users an opportunity to stake BNB, FDUSD, and USDC to farm RED tokens. The farming period is scheduled to begin on February 26, 2025, at 00:00 UTC and will last for two days.

Following the farming event, Binance will list RED on its Pre-Market with an "upward circuit breaker mechanism" to regulate initial trading activity. This mechanism restricts the maximum trading price to a predefined percentage above the initial listing price for the first 72 hours. After this period, price restrictions will be lifted, and normal trading will resume.

RedStone is a decentralized finance protocol that serves as an oracle for both Ethereum Virtual Machine (EVM) and non-EVM blockchains, providing reliable and efficient financial data across multiple networks.

Please note that due to regulatory restrictions, users in certain countries, including Canada, the United States, the Netherlands, Japan, Kazakhstan, and North Korea, will be unable to participate in RED trading.

For more details on how to participate in the RED token farming and trading, you can refer to Binance's official announcement.