#BinanceLaunchpoolRED Binance is excited to announce RedStone (RED) as the 64th project on its Launchpool platform. RedStone is a decentralized finance (DeFi) protocol that provides reliable, cross-chain data feeds for decentralized applications (dApps) across both Ethereum Virtual Machine (EVM) and non-EVM blockchains.
Users can participate in farming RED tokens by staking Binance Coin (BNB), USD Coin (USDC), or First Digital USD (FDUSD) starting from 00:00 UTC on February 26, 2025. The farming period will last for two days, concluding at 23:59 UTC on February 27, 2025. A total of 40,000,000 RED tokens, representing 4% of the total supply, are allocated as rewards for this event.
Pre-Market Trading and Upward Circuit Breaker Mechanism
Following the farming event, Binance will list RED on its Pre-Market platform at 10:00 UTC on February 28, 2025. To manage initial volatility, an "Upward Circuit Breaker Mechanism" will be implemented, restricting the maximum trading price to a predefined percentage above the initial listing price for the first 72 hours. After this period, normal trading will resume without price restrictions.
Participation Guidelines
To participate in the RED token farming:
Stake Tokens: Deposit BNB, USDC, or FDUSD into the respective Launchpool staking pools on Binance.
Earn Rewards: Accumulate RED tokens as rewards over the two-day farming period.
Pre-Market Trading: After the farming period, trade RED tokens on Binance's Pre-Market platform starting February 28, 2025.
