It's me Yuki again! Previously, I brought everyone to keep an eye on several new coins from Binance Launchpool—from MOVE to SOLV, we have collectively farmed, avoided pitfalls, and even dodged several waves of price drops right after opening. Every time I publish an article, there are comments like: 'So good! I feel reassured after reading before the opening!' To be honest, helping you lose less is even more gratifying than making money myself.
But this time, Binance pulled off something big and new! The newly listed RedStone (RED) @redstone_defi, although mining has ended, pre-market trading surprisingly added a 'price limit'—for the first 3 days, the price can only rise to 2x, 3x, or 4x, and completely 'unlocked' after 72 hours! To be honest, this operation really piqued my curiosity...
Binance has always been 'free trading upon listing', but this time suddenly imposed a 'price increase limit' on new coins. Are they afraid of retail investors being severely cut, or giving whales time to position? Just when the market is half-dead, I am also itching to buy a bit of RED to test the waters (if I lose, I'll consider it tuition)! But remember, when buying, don't lose your pants:
Is this project of RedStone reliable? They say it's a 'multi-chain oracle', what's the difference from Chainlink?
Is the price limit a protective talisman or a smokescreen? After 3 days, will the restrictions be lifted, causing a surge or a crash?
The market is currently chilly; how to speculate? Place orders to position or lie flat and wait for a big surge?
In this article, we will dissect the project while discussing the rules, and I will share my speculative strategies.
Remember, don't go all in or FOMO; stay steady with a bit of boldness to survive until the bull market!
(P.S. Not investment advice, after all, I might get slapped in the face...)
How to play the 'price limit' specifically?
The way Binance is launching this time is different from before; they really have 'listened to advice' with this 'price limit'.
Today Yuki will explain what a price limit is? In a nutshell, it means the price can rise freely in the first 3 days, with a maximum increase of 2x, 3x, or 4x each day, and completely unrestricted after 3 days!
To put it simply: to prevent violent surges and crashes, protecting novices!
New coins are easily controlled by big players after listing, with prices skyrocketing to cut retail investors. Now, a price limit is set for the first 3 days to calm the market.
But after 3 days, restrictions will be lifted, and whether to rush in or run is up to you; life and death are predestined, wealth and honor are in the hands of heaven.
1. 'Price Limit' in phases (Eastern Eight Time Zone)
On the first day (February 28, 18:00 - March 1, 17:59): The price can rise to a maximum of 2 times the opening price (for example, if the opening is $1, the highest order can only be $2)
On the second day (March 1, 18:00 - March 2, 17:59): Maximum of 3 times (from $1 to $3)
On the third day (March 2, 18:00 - March 3, 17:59): Maximum of 4 times (from $1 to $4)
After three days (from March 3, 18:00): Restrictions will be completely lifted, and the price can soar freely!
2. Each person can hold a maximum of 5000 RED
No matter how much money you have, you can only hold a maximum of 5000 RED in your account during pre-market trading; exceeding this may prevent you from buying in or get blocked by the system.
3. This is a testing feature!
Binance says this time it's just testing the waters with RED; whether other coins will use this trick in the future is still uncertain. First, understand how to play, so you won't be clueless later.
In-depth guide to RedStone (RED)｜Beginner's guide｜Understand before spending money!
Using the salary of a delivery driver to buy the 'utilities' of future blockchain.
RedStone is the 'data delivery person' in the blockchain world, specifically delivering price and asset information to DeFi projects (lending, exchanges, stablecoins), focusing on instant delivery, delivering anything, and ensuring extreme safety!!!
Three core advantages (hand-in-hand comparison)
1️⃣ Cross-chain champion: New connections are like 'plugging in a USB drive'
Traditional oracles (like Chainlink):
Connecting each chain is like installing broadband—laying cables takes 1 month, costing over $100,000+💰RedStone black technology:
Modular design, new connections are likeplugging in a USB drive, done in 5 minutes! Already covering 70+ chains (compatible with ETH/SOL/Berachain)
2️⃣ Everything can be delivered, updating every second.
Traditional: Only delivers BTC/ETH and other 'fast food', updates once an hour.
RedStone:
ConnectedBitcoin staking yield, re-staked tokens (LRT), US bonds and gold pricesAll can be delivered,Refresh every second(DeFi liquidation? Not a thing!)
3️⃣ Five layers of security locks, hackers want to change careers
✅ Source authenticity: Top market makers like Wintermute supply directly
✅ Group verification: 11 nodes (including Jump Crypto) require 2/3 agreement
✅ Security deposit: Nodes committing malfeasance will be penalized in RED + ETH (costs over 50 million)
✅ AI security: 7x24 hours monitoring of 200+ indicators
✅ Three backup plans: Even with power or internet outages, delivery continues
If hackers want to steal this data, the cost of tampering will be so high that they will want to cry!!
RedStone token economy
Total supply: 1 billion pieces
Initial circulation: 28% (280 million, with actual circulation being less after going live)
Binance Launchpool: Free 4% (Locking BNB/USDC from June 20-26 will allow mining)
Unlock rules:
Team tokens are locked for 3 years (cannot be run before 2026)
Institutional investors unlock 1/24 monthly (to prevent market crashing)
Four major uses of tokens
1️⃣ Data consumption vouchers: DeFi projects use $RED to pay for data service fees
2️⃣ Security deposits: Node operators must stake to receive orders
3️⃣ Governance voting: Deciding what new data to add and adjusting fee standards
4️⃣ Earn interest: Stake on EigenLayer and earn more re-staking rewards
⚠️ Retail investor protection guide
1️⃣ Beware of advance coin selling scams!
Official trading time: **February 28, 18:00 (UTC+8)** will open for spot trading.
All claims of being able to sell you RED in advance should be blacklisted!
2️⃣ Price may be a roller coaster!
In the first 3 days, there is a **±500% price fluctuation limit** (Binance protection mechanism)
Restrictions will be lifted after 3 days, volatility may be extreme, don't go All in!
3️⃣ Compliance warning
Some countries/regions cannot trade, please confirm before playing!
Advice for novices and seasoned investors
Participation strategy
For those who want to mine for free: You can stake on Binance Launchpool at 8 AM on February 26 (BNB yield is the highest)! It has already ended, but for those who did not participate this time, you can still check the price limit to understand faster next time.
For those who want to trade:
Watch the price limit and place your orders in the first 3 days; don’t mindlessly go all in!
After 3 days, restrictions will be lifted, be ready to take profits or stop losses!
Focus on the 'modular + re-staking' narrative cycle after going live
Buddhist player:
Wait for the official spot listing, and enter when liquidity is good; play it safe!
Regular investment + staking for double returns
Who is backing RedStone? Top partners + ace team
Partner team
Public chains: Berachain (modular new king), Monad (performance monster)
DeFi giants: MakerDAO (DAI issuer), Frax, Ethena
Infrastructure big shots: EigenLayer (the ancestor of re-staking), Arweave (permanent storage)
Ace team
CEO: Former Google expert, optimized YouTube's global network
CTO: Early core developer of Chainlink (revolutionize yourself!)
Security chief: Former big shot from MakerDAO, fixed 32 high-risk vulnerabilities
You ask me how much RedStone is worth?
Current situation, RedStone's pre-market valuation on Binance is 15 million
As the leading project in this track, can RedStone compete with Chainlink? It still depends on the market and the project's future development.
I'll stop the introduction here, hoping this article helps you better understand RED.
👉 Binance registration exclusive link: https://www.binance.info/activity/referral-entry/CPA?ref=CPA_00IAHO8MLB
By the way! Don't forget to use Yuki's referral link, and after reading, make sure to click all three buttons~ See you next time!
There are risks in the crypto world, don't gamble with your living expenses!