Project Introduction

@redstone_defi is a decentralized oracle platform focused on providing reliable, efficient, and customizable data services for multiple blockchains. Unlike traditional oracle projects, RedStone features a modular design that supports several chains, including Ethereum, Solana, Arbitrum, and Avalanche. Particularly in scenarios that require low cost and high performance, RedStone's cross-chain capability serves as an ideal data bridge for DApps.

On the team side, RedStone's core developers come from major projects like Chainlink, Band Protocol, and Polygon, possessing rich experience and a strong technical background. Moreover, they have a deep relationship with Binance, having participated in the Binance Labs incubation program, and have received technical and resource support from Binance to launch on Launchpool so quickly.

Financing Background

RedStone has completed multiple rounds of financing, raising over $22.52 million, with investors including Coinbase Ventures, Blockchain Capital, Amber Group, and other heavyweight institutions.

Project Highlights

1⃣ Modular Design: RedStone adopts a flexible block-like architecture that allows developers to customize data sources, update frequencies, and verification logic based on their needs, breaking the constraints of traditional oracle fixed architectures.

2⃣ Pull-based Oracle: Unlike traditional 'push' models, RedStone adopts a 'pull' approach, storing data off-chain and only pulling it on-chain when needed, which can save up to 90% in Gas fees.

3⃣️ High-frequency data updates: Data update frequency at the second level, far exceeding the traditional oracle update cycle of 5-10 minutes, perfectly suited for scenarios such as DeFi that have high requirements for data timeliness.

4⃣ Cross-chain Compatibility: A single data source supports 60+ blockchains, eliminating the hassle of deploying independent oracle services for each chain, reducing development and maintenance costs.

Token Economics

The token of RedStone is $RED, with a total supply of 1 billion tokens. The specific allocation is as follows:

Community Growth: 48.3%, 4-year unlock

Team: 20%, 4-year unlock

Strategic Partners: 15%, 2-year unlock

Liquidity: 10%, available at TGE

Advisors: 6%, 2-year unlock

Airdrop: 0.7%, available at TGE

At the time of launch on Binance, the initial circulating supply was 280,000,000 RED, accounting for 28% of the total supply.

New Price Limit Rules on Binance

The maximum trading price will be limited during the 72 hours before market opening, and the token price increase cannot exceed a certain percentage of the initial opening price.

February 28, 18:00 - March 1, 17:59: The highest order price is 200% of the opening price

March 1, 18:00 - March 2, 17:59: The highest order price is 300% of the opening price

March 2, 18:00 - March 3, 17:59: The highest order price is 400% of the opening price

After March 3, 18:00: No price limits

Summary

With its unique differentiated approach of cross-chain compatibility and AI empowerment, RedStone is expected to make breakthroughs in the oracle track. Coupled with the support of Binance Launchpool activities, the opening performance of $RED is promising, with an estimated opening price around $1.2. In the short term, the cost-effectiveness of participating in airdrops and pre-market trading is quite high. If you have idle BNB, USDT, or USDC, hurry to stake for mining, don't miss out!

#Binance Registration Link

accounts.binance.com/en/register?ref=TWFH2ZTZ