Binance TR Launches First Launchpool Project: RedStone (RED) Token❗
Binance TR is offering an exciting opportunity by introducing the RedStone (RED) token on its Launchpool platform. This marks Binance TR’s first project on Launchpool. Users can stake their BNB to accumulate RED tokens.
What is RedStone (RED)?
RedStone is a multi-chain oracle system that works across both EVM and non-EVM chains. This system aims to provide data across different blockchains, making it a crucial infrastructure, especially for DeFi projects.
Launchpool Details
Binance TR users can stake their BNB starting from 03:00 on February 26, 2025, to participate in the RED token airdrop. The Launchpool period will end on February 28, 2025, and rewards will be distributed based on the amount of BNB staked.
Reward Distribution and Risks
At the end of the Launchpool period, rewards will be automatically transferred to users based on the amount of BNB staked. However, this process carries risks, such as smart contract, liquidity, and market risks. Binance TR does not guarantee any returns, and users are solely responsible for any potential losses from their investments.
RedStone and Binance TR’s Future
The inclusion of RedStone on Launchpool is a significant milestone for Binance TR. Users will have the chance to participate in data provisioning across different chains, contributing to the growth of the DeFi ecosystem. This move strengthens Binance TR's role in the DeFi space.
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