$RED TOKEN (Entertainment / Fan Engagement Token)
This version of RED TOKEN is part of an entertainment ecosystem launched by FIDA, Inc. and TOKYO ESPORTS GATE, Inc.. It’s an Ethereum-based token created to enhance fan engagement, content creation, and community participation, especially in Japan’s gaming and e-sports sphere .
1:_ Purpose:
Rewards fans for engagement and community growth.
Used for discounted content purchases, voting on content direction, NFTs for event attendance (e.g., at RED TOKYO TOWER), and more .
2:-Token Economics:
Total supply: about 100 billion RED.
Circulating supply: around 6.5 billion .
3:-Price & Trading:
Price is extremely low—typically around $0.00000047 per RED .
Trading activity is minimal but exists on platforms like Coinbase, Kraken; overall liquidity is low and often stagnant .
4:-Utility and ecosystem:
Integral to the “Red Token ECONOMY,” providing tools for NFTs, community voting, incentives, and platform services .
2. RED (Oracle Utility Token – RedStone)
This is a separate and entirely different RED token—part of the RedStone oracle network.
Highlights:
Purpose: Designed to offer sustainable, utility-driven token mechanics for decentralized oracle data services .
Token Economics:
Maximum supply: 1 billion RED tokens.
Initial float is 30% of that supply, per official distribution docs .
Use Cases:
Staking RED provides economic security and helps power the oracle network.
Stakers receive rewards for providing data or securing the platform, often paid in assets like ETH , BTC , USDC , etc. .
Technology:
Operates across protocols like Ethereum, Solana, Base, with cross-chain capability via Wormhole .
This is fundamentally different from the entertainment-based RED TOKEN.
