BINANCE LISTS REDSTONE (RED) ON BINANCE LAUNCHPOOL AND PRE MARKET
Binance has just announced RedStone (RED) as the 64th project on Binance Launchpool. RedStone is a multi-chain oracle supporting both EVM and non-EVM chains, promising to provide high-quality decentralized data for Web3 applications.
Details about Launchpool
Users can stake BNB, FDUSD, and USDC to receive airdrops of RED over a period of two days, starting from 7:00 AM on February 26, 2025 (Vietnam time).
Total supply of RED: 1,000,000,000 tokens
Total Launchpool rewards: 40,000,000 RED (4% of total supply)
Initial circulating supply upon listing on Binance: 280,000,000 RED (28% of total supply)
Supported network: Ethereum
Farming period: February 26, 2025 – February 27, 2025
Reward allocation:
BNB Pool: 32,000,000 RED (80%)
FDUSD Pool: 4,000,000 RED (10%)
USDC Pool: 4,000,000 RED (10%)
RedStone (RED) opens trading on Binance Pre-Market
After the Launchpool phase ends, Binance will open Pre-Market for the RED/USDT trading pair at 5:00 PM on February 28, 2025 (Vietnam time).
Price limit mechanism in Pre-Market
For the first time, Binance applies a price limit mechanism (upward circuit breaker) to control price volatility in the first 72 hours of Pre-Market:
February 28 – March 1: Maximum price = 200% of opening price
March 1 – March 2: Maximum price = 300% of opening price
March 2 – March 3: Maximum price = 400% of opening price
After March 3: No price limit
Each user can hold a maximum of 5,000 RED in Pre-Market. After this phase, Binance will announce the official listing time on the Spot Market.