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#BinanceLaunchpoolRED Binance has announced RedStone (RED) as the 64th project on its Launchpool platform. RedStone is a multi-chain oracle designed to provide secure and efficient data feeds across both Ethereum Virtual Machine (EVM) and non-EVM blockchains. This integration aims to enhance the decentralized finance (DeFi) ecosystem by offering reliable data services to various networks. Launchpool Details: Farming Period: February 26, 2025, 00:00 UTC to February 27, 2025, 23:59 UTC. Total Rewards: 40,000,000 RED tokens, constituting 4% of the total supply. Supported Pools: Users can stake Binance Coin (BNB), First Digital USD (FDUSD), or USD Coin (USDC) to earn RED tokens. Post-farming, Binance will list RED on its Pre-Market platform on February 28, 2025, at 10:00 UTC, opening the RED/USDT trading pair. To manage initial volatility, an "upward circuit breaker mechanism" will be in place for the first 72 hours, limiting the maximum trading price to a predefined percentage above the initial listing price. After this period, normal trading will resume without price restrictions. RedStone's architecture supports multiple blockchains, including Ethereum, Solana, Arbitrum, and Avalanche, promoting greater interoperability and reduced transaction costs. Its on-demand data provision model ensures network efficiency, while advanced security measures maintain data integrity. This initiative reflects Binance's commitment to supporting innovative projects that contribute to the growth and diversification of the blockchain ecosystem.
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#BinanceLaunchpoolRED Binance has introduced RedStone (RED) as the 64th project on its Launchpool platform, offering users an opportunity to stake BNB, FDUSD, and USDC to farm RED tokens. The farming period is scheduled to begin on February 26, 2025, at 00:00 UTC and will last for two days. Following the farming event, Binance will list RED on its Pre-Market with an "upward circuit breaker mechanism" to regulate initial trading activity. This mechanism restricts the maximum trading price to a predefined percentage above the initial listing price for the first 72 hours. After this period, price restrictions will be lifted, and normal trading will resume. RedStone is a decentralized finance protocol that serves as an oracle for both Ethereum Virtual Machine (EVM) and non-EVM blockchains, providing reliable and efficient financial data across multiple networks. Please note that due to regulatory restrictions, users in certain countries, including Canada, the United States, the Netherlands, Japan, Kazakhstan, and North Korea, will be unable to participate in RED trading. For more details on how to participate in the RED token farming and trading, you can refer to Binance's official announcement.
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