#BinanceLaunchpoolRED
Binance has introduced RedStone (RED) as its 64th project on Binance Launchpool. RedStone is a multi-chain oracle platform that provides reliable, cross-chain data feeds for decentralized applications.
**Key Details:**
- **Farming Period:** From February 26, 2025, at 00:00 UTC to February 27, 2025, at 23:59 UTC.
- **Eligible Assets for Staking:**
- BNB$BNB
- FDUSD$FDUSD
- USDC$USDC
- **Rewards Allocation:**
- 80% of the total RED rewards will be distributed to BNB stakers.
- 10% each to FDUSD and USDC stakers.
- **Daily Rewards:**
- BNB Pool: 16,000,000 RED tokens
- FDUSD Pool: 2,000,000 RED tokens
- USDC Pool: 2,000,000 RED tokens
- **Hourly Cap:**
- BNB stakers: Up to 66,666 RED tokens per user per hour.
- FDUSD and USDC stakers: Up to 8,333 RED tokens per user per hour.
After the farming event, RED will be listed on Binance Pre-Market with an "upward circuit breaker mechanism" to regulate initial trading activity. This mechanism will restrict the maximum trading price to a predefined percentage above the initial listing price for the first 72 hours. After this period, price restrictions will be lifted, and normal trading will resume.
Please note that due to regulatory restrictions, users in certain countries, including Canada, the United States and its territories, the Netherlands, Japan, Kazakhstan, and North Korea, will be unable to participate in RED trading.
For more information, you can visit Binance's official announcement
Source -Binance , Coinspeaker
