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RedStone 'False Advertising'? 230,000 community members, only 4,000 eligible for airdrop anger the masses.
Original title: (Only 4,000 eligible addresses, has RedStone's airdrop angered the masses?)
Original author: Alex Liu, Foresight News
On the evening of March 5, RedStone launched the airdrop query. Since its listing on Binance's pre-market on February 28, RED has hit the newly introduced price limit mechanism on Binance for three consecutive days, reaching above $1.40 after the price limit was lifted, currently reported at $0.87, with a market cap of $34 million and a fully diluted market cap of $860 million.
As the latest Launchpad project from Binance, RedStone has attracted considerable attention in the community, along with many participants in the airdrop activity. As a price oracle provider known for its low cost, the project has not experienced any major pricing errors since its launch and has received support from well-known investment institutions like Coinbase Ventures and Blockchain Capital. However, after the airdrop query page went live last night, the community's reputation took a sharp turn for the worse, with some netizens even calling it a 'scam project.' Why is that?
Original author: Alex Liu, Foresight News
On the evening of March 5, RedStone launched the airdrop query. Since its listing on Binance's pre-market on February 28, RED has hit the newly introduced price limit mechanism on Binance for three consecutive days, reaching above $1.40 after the price limit was lifted, currently reported at $0.87, with a market cap of $34 million and a fully diluted market cap of $860 million.
As the latest Launchpad project from Binance, RedStone has attracted considerable attention in the community, along with many participants in the airdrop activity. As a price oracle provider known for its low cost, the project has not experienced any major pricing errors since its launch and has received support from well-known investment institutions like Coinbase Ventures and Blockchain Capital. However, after the airdrop query page went live last night, the community's reputation took a sharp turn for the worse, with some netizens even calling it a 'scam project.' Why is that?
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