Binance has introduced RedStone (RED) as the 64th project on its Launchpool platform, offering users an opportunity to farm RED tokens by staking BNB, USDC, or FDUSD. The farming period commenced on February 26, 2025, and will run for two days. 

Key Details:

• Farming Period: February 26, 2025, to February 28, 2025

• Supported Staking Assets: BNB, USDC, FDUSD

• Token Distribution: RED tokens will be distributed proportionally based on the amount and duration of assets staked.

Following the farming period, Binance will list RED on its Pre-Market, allowing users to trade the token before its official launch. Pre-Market trading is set to begin at 10:00 UTC on February 28, 2025. 

Participation Steps:

1. Log in to Your Binance Account: Ensure your account is verified and funded with BNB, USDC, or FDUSD.

2. Access Launchpool: Navigate to the Launchpool section on the Binance platform.

3. Select the RED Pool: Choose the RedStone (RED) pool and stake your preferred assets.

4. Earn Rewards: Your staked assets will start earning RED tokens, which can be claimed periodically.

Please note that Binance has imposed a maximum holding limit of 5,000 RED per trader during the Pre-Market trading phase. Additionally, due to regulatory considerations, access to this offering is restricted in certain countries. 

For more detailed information and updates, refer to the official Binance announcement and the RedStone project page.

Disclaimer: Cryptocurrency investments carry inherent risks. Ensure you conduct thorough research before participating.

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