#BinanceLaunchpoolRED

🚀 Binance Launchpool Introduces RedStone (RED) Farming Opportunity

Binance is excited to announce RedStone (RED) as the 64th project on its Launchpool platform. RedStone is a decentralized data oracle platform designed to provide reliable, fast, and customizable data feeds for DeFi applications across multiple blockchain networks.

Launchpool Details:

Farming Period: February 26, 2025, 00:00 UTC to February 27, 2025, 23:59 UTC

Total Token Rewards: 40,000,000 RED (4% of total supply)

Supported Pools:

BNB Pool: 32,000,000 RED (80%)

FDUSD Pool: 4,000,000 RED (10%)

USDC Pool: 4,000,000 RED (10%)

Users can stake BNB, FDUSD, or USDC to farm RED tokens during this period. The initial circulating supply upon listing will be 280,000,000 RED, representing 28% of the total 1 billion token supply.

Pre-Market Trading:

Following the Launchpool phase, Binance will open Pre-Market trading for the RED/USDT pair on February 28, 2025, at 10:00 UTC. To manage volatility, an upward price limit mechanism will be implemented during the first 72 hours:

February 28 - March 1: Maximum price set at 200% of the opening price

March 1 - March 2: Maximum price set at 300%

March 2 - March 3: Maximum price set at 400%

After March 3, no price limits will apply. Additionally, during the Pre-Market phase, individual holdings are capped at 5,000 RED tokens.

This initiative offers users an opportunity to participate in the growth of RedStone and earn rewards through Binance's Launchpool platform.