RedStone (RED) is a decentralized data oracle platform designed to provide reliable, fast, and customizable data feeds for decentralized finance (DeFi) applications across multiple blockchain networks, including both EVM and non-EVM chains. It employs a pull-based data delivery model, enhancing efficiency and reducing gas costs for DeFi protocols. The total supply of RED tokens is capped at 1 billion, with 28% (280 million RED) in initial circulation at the time of Binance listing. Binance has introduced an upward circuit breaker mechanism for RED's pre-market trading phase to manage initial volatility.
