#RED
In a significant development today, Binance has officially listed RedStone (RED) on its platform, with the token debuting at a price of $0.40. RedStone, recognized for its multi-chain oracle capabilities across both EVM and non-EVM chains, becomes the 64th project to join Binance's Launchpool. This listing allows users to trade the RED/USDT pair, marking a notable milestone for the RedStone project
Prior to this listing, Binance facilitated a two-day farming period starting on February 26, 2025, where users could stake BNB, FDUSD, and USDC to earn RED tokens. A total of 40 million RED tokens were allocated as rewards during this phase, representing 4% of the total 1 billion token supply. At the time of listing, the circulating supply stands at 280 million RED tokens, accounting for 28% of the total supply.
To ensure a stable trading environment, Binance has implemented an upward circuit breaker mechanism for the initial 72 hours of trading. This mechanism restricts the maximum trading price to specific percentages above the opening price: 200% for the first 24 hours, 300% for the subsequent 24 hours, and 400% for the following 24 hours. After this period, all price restrictions will be lifted, allowing for unrestricted trading.
RedStone's integration into Binance's ecosystem is poised to enhance its visibility and accessibility within the crypto community. As a modular blockchain oracle, RedStone offers real-time data support across more than 70 chains, including Ethereum, BNB Chain, and Optimism. This extensive support underscores its commitment to providing secure and efficient data solutions for decentralized applications.
The RED token serves as the cornerstone of the RedStone network, designed to accrue value as the platform scales and secures numerous blockchains. The token distribution strategy emphasizes community growth, with 48.3% allocated for this purpose, ensuring robust support for the project's expansion and adoption.
Investors and traders are encouraged to monitor RED's performance closely as it embarks on this new chapter.
