#BinanceLaunchpoolRED
💥💥Binance has introduced RedStone (RED) as the 64th project on its Launchpool platform. RedStone is a decentralized finance protocol that functions as an oracle for both Ethereum Virtual Machine (EVM) and non-EVM blockchains. Starting February 26, 2025, at 00:00 UTC, users can stake Binance Coin (BNB), Circle USD (USDC), and First Digital USD (FDUSD) to farm RED tokens over a two-day period.
Following this 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 which normal trading resumes. Additionally, there's a maximum holding limit of 5,000 RED per trader during the Pre-Market phase, and access is restricted in certain countries due to regulatory considerations.
🔥🔥For those interested in participating, the RED token details are as follows:
Token Name: RedStone (RED)
Blockchain: Ethereum
Contract Address: 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de
Total Supply: 1,000,000,000 RED
Circulating Supply: 280,000,000 RED (28% of total supply)
The Launchpool has allocated 40,000,000 RED (4% of the total supply) as token rewards. The farming period spans from February 26, 00:00 UTC to February 27, 23:59 UTC. Post-farming, the RED/USDT trading pair will be available on Binance Pre-Market starting February 28, 2025, at 10:00 UTC.
Binance Launchpool offers users the opportunity to stake their existing cryptocurrencies to earn new tokens from emerging projects. This platform provides early access to innovative projects in a secure environment, allowing users to earn rewards without the need for direct purchases. It's essential for participants to conduct thorough research and understand the associated risks before engaging in any staking activities.
Please note that cryptocurrency investments carry inherent risks due to market volatility.👇👇
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