Binancians, Get Ready to Profit from Binance Launchpool: RedStone!
For Binancians who are always looking for the best opportunities, RedStone's presence on Binance Launchpool is a golden opportunity to gain maximum profits! As one of the leading oracles in the blockchain industry, RedStone offers innovative technology that is ready to revolutionize the world of DeFi. Before we get to the main discussion on how to get $RED tokens from Binance Launchpool, let's get to know this project first, letssss gooooooo
What Is an Oracle and Why Is It Important?
In the world of blockchain and DeFi, an oracle is a system that bridges the on-chain world (within the blockchain) with the off-chain world (outside the blockchain). Oracles serve as external data providers that allow smart contracts to access information outside the blockchain, such as asset prices, weather, sports match results, or other financial data.
Without oracles, smart contracts can only operate with data that already exists on the blockchain, thus limiting their functionality. Therefore, oracles are a key element in DeFi, enabling various protocols to operate more flexibly and reliably.
Why Is RedStone So Important?
In the world of DeFi, oracles are a crucial element. Without oracles, protocols, blockchains, and asset issuers cannot obtain the data needed to operate. That is why the oracle sector has tremendous value, with top tokens valued in the billions of dollars.
In 2024, RedStone emerged as a newcomer shaking up the oracle industry. In a short time, they managed to attract 100 new clients, support over 30 blockchains, and become the first to provide oracles for Liquid Staking Tokens (LSTs), Liquid Restaking Tokens (LRTs), BTC staking, yield-based stablecoins, and more.
Major oracle tokens have valuations in the billions of dollars, and RedStone has now become one of the top three fastest-growing oracles. Interestingly, RedStone is still the only major oracle that does not yet have a tokenโฆ but that will soon change. The $RED token is being prepared for the Token Generation Event (TGE), and pre-market trading has already started to appear on various major exchanges, including Binance.
What Is the $RED Token?
$RED tokens will be the main foundation of the RedStone oracle network. As RedStone expands further to secure thousands of blockchains, $RED will play a role in ensuring the security and decentralization of their oracle system.
The uniqueness of the $RED token lies in the innovative staking mechanism based on EigenLayer that will make the oracle economic model more sustainable. More details about tokenomics and staking will be announced shortly.
Moreover, the distribution of $RED tokens is very tight. No team tokens or venture capital (VC) tokens can be liquidated in the first 12 months after TGE. Even after that, the release will be done very carefully and gradually.
RedStone's Advantages Over Other Oracles
Best Security โ RedStone is known as an oracle with the most accurate data and has never experienced manipulation or production failures.
Most Scalable Technology โ Its modular architecture allows support for various assets and blockchains without limitations.
Exceptional Client Support โ RedStone can customize price feeds for various needs, including LSTs, LRTs, BTC staking, yield-based stablecoins, and others.
Latest Achievements of RedStone
In partnership with Spark, one of the largest DeFi protocols with the highest security standards.
Becoming the main oracle provider on BeraChain, securing 18 DeFi protocols from day one.
Achieving the fastest growth in 2024 with an increase in clients by up to 500%.
Becoming the first oracle to launch EigenLayer AVS.
Leading the market in yield-bearing assets, including LSTs, LRTs, yield-based stablecoins, and BTC staking.
Successfully closed series A funding in June 2024, with total funds raised reaching $22 million.
Binance Launchpool: A Simple Way to Get New Tokens & Earn!
Have you heard of Binance Launchpool? This is where you can get new tokens just by staking the crypto assets you own, like BNB or other supported tokens. The exciting part is that the process is free! You just store your assets in Launchpool and will receive tokens from new projects as a reward. Interesting, right? So how do you get $RED tokens from Binance Launchpool?
Easy Way to Stake & Earn on Binance Launchpool
ยท Open Launchpool โ Log into your Binance account, then search for the Launchpool menu in the search feature or services.
ยท Staking BNB, FDUSD, or USDC โ Use the BNB, FDUSD, and/or USDC you have for staking.
ยท Start Farming โ After staking, you automatically start earning new tokens from projects launched on Binance, this time it is the $RED token.
ยท Claim Rewards โ Regularly collect the tokens you earn in Launchpool.
ยท Use Your Rewards โ The tokens you receive can be used for trading or exchanged for fiat currency.
Launchpool RED Details
Token Name: RedStone (RED)
Total & Maximum Token Supply: 1,000,000,000 RED
Total Launchpool Rewards: 40,000,000 RED (4% of total token supply)
Initial Circulating Supply at Listing on Binance: 280,000,000 RED (28% of total token supply)
Network: Ethereum Network
Maximum Limit Per Hour per User:
66,666 RED in the BNB pool
8,333 RED in the FDUSD pool
8,333 RED in the USDC pool
Supported Pools:
Staking BNB: 32,000,000 RED (80%)
Staking FDUSD: 4,000,000 RED (10%)
Staking USDC: 4,000,000 RED (10%)
Farming Period:
February 26, 2025 at 00:70 UTC+7 โ February 28, 2025 at 06:59 UTC+7
Don't miss out! This is a golden opportunity to get $RED tokens before listing on Binance. Join Binance Launchpool now, stake your crypto assets, and start farming $RED!
