Randal Crump Ra03
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"Binance Launches RedStone (RED) as 64th Launchpool: Stake, Earn, and Trade with Price Caps"
Binance has revealed that RedStone (RED), a platform offering oracle services across multiple blockchains, will be its 64th Launchpool project. Starting February 26, 2025, at 9:00 AM KST, users can stake BNB, FDUSD, or USDC to earn RED tokens over two days, with 40 million RED tokens up for grabs as rewards.
Here’s how the staking pools and rewards break down:
BNB Pool: 32 million RED (80%)
FDUSD Pool: 4 million RED (10%)
USDC Pool: 4 million RED (10%)
Each pool has an hourly per-user limit: 66,666 RED for the BNB pool, and 8,333 RED for both the FDUSD and USDC pools.
On top of that, Binance will kick off pre-market trading for RED on February 28, 2025, at 7:00 PM KST, with a price cap system to keep volatility in check. During this pre-market period, RED/USDT trading will follow these price ceilings:
Feb 28, 7:00 PM – Mar 1, 6:59 PM: Max 200% of the starting price
Mar 1, 7:00 PM – Mar 2, 6:59 PM: Max 300% of the starting price
Mar 2, 7:00 PM – Mar 3, 6:59 PM: Max 400% of the starting price
After Mar 3, 7:00 PM: No price limits
During pre-market, users can hold up to 5,000 RED tokens each.
RedStone is designed to deliver real-time data for various blockchain networks, including both EVM-compatible and non-EVM chains. Out of its 1 billion total token supply, 280 million RED (28%) will be circulating when it lists on Binance.
#BinanceLaunchpoolRED
Binance has revealed that RedStone (RED), a platform offering oracle services across multiple blockchains, will be its 64th Launchpool project. Starting February 26, 2025, at 9:00 AM KST, users can stake BNB, FDUSD, or USDC to earn RED tokens over two days, with 40 million RED tokens up for grabs as rewards.
Here’s how the staking pools and rewards break down:
BNB Pool: 32 million RED (80%)
FDUSD Pool: 4 million RED (10%)
USDC Pool: 4 million RED (10%)
Each pool has an hourly per-user limit: 66,666 RED for the BNB pool, and 8,333 RED for both the FDUSD and USDC pools.
On top of that, Binance will kick off pre-market trading for RED on February 28, 2025, at 7:00 PM KST, with a price cap system to keep volatility in check. During this pre-market period, RED/USDT trading will follow these price ceilings:
Feb 28, 7:00 PM – Mar 1, 6:59 PM: Max 200% of the starting price
Mar 1, 7:00 PM – Mar 2, 6:59 PM: Max 300% of the starting price
Mar 2, 7:00 PM – Mar 3, 6:59 PM: Max 400% of the starting price
After Mar 3, 7:00 PM: No price limits
During pre-market, users can hold up to 5,000 RED tokens each.
RedStone is designed to deliver real-time data for various blockchain networks, including both EVM-compatible and non-EVM chains. Out of its 1 billion total token supply, 280 million RED (28%) will be circulating when it lists on Binance.
#BinanceLaunchpoolRED
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