RedStone (RED) Launches on Binance Launchpool: Everything You Need to Know
#Binance continues to expand investment opportunities for its users by launching RedStone (RED) as the latest addition to Launchpool, making it the 64th project on the platform. RedStone is a cross-chain oracle that runs on both EVM and non-EVM networks, enhancing the efficiency of decentralized data and providing innovative smart contract solutions.
Farming Details on Binance Launchpool
Users will have the opportunity to participate in farming by locking BNB, FDUSD, USDC and earning RED rewards.
๐ Farming period:
Start: February 26, 2025, 00:00 (UTC).
End: February 27, 2025, 23:59 (UTC).
๐น Farming Rewards Details:
BNB Pool: 32M RED (80%) rewards.
FDUSD Pool: 4M RED (10%) rewards.
USDC Pool: 4M RED (10%) rewards.
RedStone Listed on Binance Pre-Market
After the farming ends, RED will be listed on Binanceโs Pre-Market platform, which allows users to trade the coin before its official listing on the Spot Market.
๐ Pre-Market listing details:
Trading start: February 28, 2025, 10:00 (UTC).
Trading pair: RED/USDT.
Maximum retention per user: 5000 RED.
New Price Cap Mechanism in Pre-Market
Binance is introducing the Price Cap mechanism for the first time, a feature that limits the maximum trading price during the first 72 hours, to maintain market stability and prevent sharp price fluctuations.
๐น Price limit details:
February 28 โ March 1: Price cap 200% of opening price.
March 1 โ March 2: Price cap 300% of opening price.
March 2 โ March 3: Price cap 400% of opening price.
After March 3: No price restrictions.
RedStone (RED) Coin Details
๐น Total supply: 1,000,000,000 RED.
๐น Launchpool Rewards: 40,000,000 RED (4% of total supply).
๐น Circulating supply at listing: 280,000,000 RED (28% of total supply).
๐น Network: Ethereum Network.
Why is RedStone a promising project?
RedStone is one of the most important decentralized oracle projects, providing solutions for providing accurate data to smart contracts across various blockchains, enhancing DeFi applications and Web 3.0 infrastructure.
๐ข Are you ready?
Don't miss the chance to join Launchpool and Pre-Market and take advantage of this investment opportunity! ๐ฅ
