We waited a long time, but it has finally arrived! The first Launchpool project of BinanceTR has been revealed. The name of the project is Redstone

The RED coin farming period will last a total of 2 days and started in the early hours of February 26, which is tonight! We will only be able to participate by staking BNB coins. By the way, if you have previously locked BNB in the Accumulate / Staking section, there is no need to worry. Your staked BNB in these pools will also count towards the launchpool.

The farming period will continue until 3 AM on February 28. The listing date has not yet been announced. We will share it when the date and time become clear in the coming days.

All the RED coins we earn from the launchpool before the listing will be ready in our spot wallet without any lock or sharing. You will be able to sell them at the moment of the first listing if you wish. The choice will be entirely yours.

Now let me talk a bit about the project. Redstone solves one of the biggest needs of decentralized applications (dApps) in the crypto space. RedStone provides these applications with real-time accurate and up-to-date prices and other data.

Currently, it is used by over 100 applications worth $10 billion across more than 70 networks. What makes RedStone special is that they have designed their data collection and distribution system in a completely different way. Normally, separate systems need to be set up for each blockchain, but thanks to RedStone's modular structure, it can easily share the same data flow across different chains. This means a faster and cheaper solution for developers without compromising on security.

The project is approved by 6 different audit firms. It has giants like Coinbase Ventures, Spartan, and Arrington Capital among its investors.

The total supply of RED coins will be 1 billion, and they will be minted on the Ethereum network. The initial circulating supply will be 28%.

Binance TR will make a lot of nice offerings to its users, especially those holding BNB, with such launches. That’s why you should try to invest in BNB whenever you get the chance and hold BNB.