The currency $RED (RedStoneRED) has recently attracted the attention of the cryptocurrency community, not only due to the strong partnerships it has formed but also because of its technical potential that may contribute to achieving future record numbers. As one of the prominent "oracles" projects, RedStone plays a vital role in linking real-world data to the digital world to enable web 3.0 applications.#red

​1. Partnership and Funding Numbers: The strength behind the project

  • ​Seed Funding: RedStone raised $7 million in a seed funding round. This round was led by Lemniscap, with participation from prestigious investment funds such as Coinbase Ventures and Blockchain Capital. These numbers reflect major institutions' confidence in the project's future.


    ​Strategic Partnerships:

    • ​Over 50 Partnerships: RedStone has built a massive network of partnerships that includes more than 50 protocols and companies in the decentralized finance (DeFi) and blockchain space.

    • ​Billions of Dollars: RedStone provides data for major DeFi protocols such as Morpho, Euler, and Pendle Finance, which have a total value locked (TVL) in the billions of dollars. These partnerships ensure that its data is used in the largest and most important applications.

​2. Token Data (Tokenomics): Supply and Demand

  • ​Total Supply:The total number of tokens is$RED available10 billion tokens. This large number places it in the category of currencies that rely on widespread use rather than scarcity of supply.
    ​Distribution:Tokens are distributed across several categories, the most important of which are:

    • ​Community (Airdrops): 15% of the total supply has been allocated to the community through free distribution programs (Airdrops), encouraging early participation.

    • ​Development Fund: 19.5% of the tokens have been allocated to the development fund, ensuring continued funding for innovations and project improvements.

    • ​Team and Investors: Significant portions have been allocated to the team (about 20%) and early investors, with long vesting periods to prevent quick selling.

​3. Price Performance and Growth Potential

  • ​Initial Performance: After being listed on trading platforms, the token experienced$RED price fluctuations, with its market cap reachingtens of millions of dollars. This value has the potential to increase significantly with the growing use of the network.
    ​Growth Potential:

    • ​Expected growth in the oracle sector: Predictions indicate that the "oracle" market could grow significantly in the coming years, benefiting RedStone.

    • ​Reaching Higher Numbers: If RedStone can capture a larger market share from its competitors and prove itself as a primary choice for developers, its market value could rise to hundreds of millions or even billions of dollars if positive market conditions persist.

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