Introduction
On February 26, 2025, Binance Launchpool's 64th project RedStone (RED) officially launched, marking the entry of a heavyweight player in the cross-chain oracle field. As the first oracle project to land on Binance Launchpool, RedStone has quickly attracted market attention due to its modular architecture, capital endorsement, and ecosystem expansion potential. This article will comprehensively analyze its potential as the 'new king of oracles' from the dimensions of technical characteristics, token model, participation strategy, and risk warnings.
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One, RedStone's Core Competitiveness
1. Technological innovation: Modular design breaks through oracle bottlenecks
- Cross-chain compatibility: Supports over 60 mainstream chains such as Ethereum, Base, and Arbitrum, pulling data on demand to reduce on-chain resource consumption, becoming the first oracle compatible with liquid staking protocols (e.g., Ether.Fi).
- Storage cost revolution: Using Arweave blockchain to store non-standard data, costs only 0.02% of Ethereum, and data updating frequency is 3 times that of traditional oracles.
- Rapid integration capability: Completed end-to-end integration with the TON network in just 4 months, far exceeding the cycle of similar projects.
2. Dual support from capital and ecosystem
- Institutional endorsement: Secured $25 million in Series A financing led by top institutions such as Arrington Capital and Coinbase Ventures, sharing a $500 million fund from the EigenLayer ecosystem.
- Market share: Current TVL reaches $3.5 billion, ranking fifth in the oracle field, serving over $50 billion in liquid staking market.
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Two, Token Model and Participation Strategy
1. Staking mining rules
- Time and assets: Staking starts on February 26 at 08:00 (80% BNB, 10% FDUSD/USDC each), total rewards of 40 million RED (accounting for 4% of total supply).
- Expected returns: Referencing Binance's historical projects (e.g., USUAL annualized 130%), RED mining annualized yield may reach 100%-150%.
2. Pre-market trading stair-step limit mechanism
- Rules: Limit increase in stages within 72 hours (200% on the first day, 300% on the second day, 400% on the third day), restrictions will be lifted after March 3.
- Operational advice: Buy at a low price on the first day (expected 0.1U→0.2U), increase positions to 0.3U on the second day, and take profit around 0.4U on the third day.
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Three, Risks and Challenges
1. Intense competition in the field: Chainlink (TVL over $8 billion) and emerging projects like Pyth continuously apply pressure, RedStone needs to accelerate compatibility with new chains like Berachain and Monad.
2. Token sell pressure risk: Early investors (e.g., Series A institutions) locked 31.7% of tokens, and a concentrated unlocking may trigger short-term volatility.
3. Market environment uncertainty: The current trading volume in the crypto market is sluggish, which may limit price increases; users from 12 countries including the US, Australia, and Canada are prohibited from participating.
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Conclusion
RedStone, leveraging technological innovation and Binance ecosystem resources, has occupied a favorable position in the oracle field. If it can continue to expand ecosystem cooperation and optimize the token model, it may become the 'new king' after Chainlink. Investors should pay attention to short-term opportunities in pre-market trading on February 28, but must be wary of market volatility and compliance risks.
Take action now: Upgrade the Binance APP to version 2.89.0+ and participate in staking mining after completing KYC certification to seize the 'new oracle' bonus.
(The content of this article is compiled from Binance announcements and project research reports and does not constitute investment advice.)
