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Scam or benefited coin
lets talk about this
According to previous history of binance lunching Not a single coin has boost pump in the past.Thats why binance has new strategy for launching this coin in premarket.Many if us or confused that why $RED coin is not trading normal like other coins.
The reason is that $RED is not still launched.the price showing on trade page is a bid by people who wants to buy red.thats not trade.when the coin will launch and price starts at 0.4$ the people who made bid at 0.4 will get coins and then they can trade.but the people who made bid at 0.3 will get coins even if the price dump to 0.3$. otherwise their order will remain open orde.
So be cautious as the $RED coin has only 7 holders with larger number of total supply and larger number of airdrop to binance launch pool which can dump the price of #red coin
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