【Binance Launch Announcement】RedStone (RED) Launchpool and Pre-Market Trading Rules Overview
Dear Users:
Binance will launch the 64th Launchpool project——Cross-Chain Oracle Protocol RedStone (RED) on February 26, 2025, becoming the world's first platform to offer pre-market trading of RED spot. Key information is as follows:
🔥 Key Time Points
Launchpool Start:
Time: 2025/02/26 08:00 (UTC+8)
Staking Assets: BNB/FDUSD/USDC
Total Rewards: 40 million RED (4% of total supply)
Reward Distribution: BNB Pool 80%, FDUSD/USDC each 10%
Pre-Market Trading Opens:
Time: 2025/02/28 18:00 (UTC+8)
Trading Pair: RED/USDT
Position Limit: Maximum 5000 RED per person
🚀 Innovative Mechanism: Staged Price Limit
• 72-hour price limit rules:
▫️ 02/28 18:00 - 03/01 17:59: Maximum transaction price is 200% of opening price
▫️ 03/01 18:00 - 03/02 17:59: Maximum 300%
▫️ 03/02 18:00 - 03/03 17:59: Maximum 400%
▫️ From 03/03 18:00: Restrictions lifted
⚠️ Important Notice
Launch Statement: Any token sales occurring before the specified time are fraudulent
Regional Restrictions: Users from 12 countries, including Australia/Canada/USA, are not allowed to participate (complete list in the announcement)
Account Requirements: KYC certification must be completed, only main accounts can participate (sub-accounts excluded)
System Requirements: APP must be upgraded to version 2.89.0+
📊 Token Economic Model
• Total Supply: 1 billion RED
• Initial Circulating Supply: 280 million (28%)
• Contract Address: Ethereum 0xc43...b5de
🔒 Risk Control Measures
Hourly random position snapshots to calculate earnings
Prohibition of multiple account volume manipulation
Suspension of deposits and withdrawals during the event
Holding BNB still enjoys VIP rights/airdrop
📌 Operating Instructions
Staking BNB in fixed/variable products automatically participates in mining
Rewards can be withdrawn to the spot account hourly
Research report will be released within 24 hours of the announcement
The English version is the authoritative version; in case of discrepancies, the English announcement shall prevail
Users from restricted areas should not participate; Binance reserves the right to disqualify abnormal accounts. The market has risks; please DYOR for asset management.
👉 Upgrade APP now to prepare for participation: Official link
👉 View complete rules: FAQ link
*This service may not be applicable in your area; please refer to the announcement for restrictions.
Binance Team
February 25, 2025
(Note: This is a simplified announcement; actual participation is subject to the latest announcement from the platform)