#Binance

#RED Temporarily Suspended 🚨

• Binance temporarily suspended the listing of RedStone $RED due to the project's sudden reduction in the community airdrop distribution from 9.5% to 5% of the total supply. This unexpected change prompted Binance to pause the scheduled trading to negotiate better terms for its users.

• However, Binance has confirmed that it will proceed with listing RedStone $RED , adjusting the trading start time to 00:00 (Beijing time) on March 7, 2025.

• Additionally, Binance introduced a "Price Cap Mechanism" during the pre-trading phase of RED to limit price volatility. This mechanism restricts the maximum trading price during the first 72 hours, with the cap increasing incrementally each day. After this period, normal trading resumes without price restrictions.