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How to Earn $23 Daily on Binance Without Any Investment
Earning a steady income on Binance without investing your own money may sound difficult, but with the right approach, it's possible. Binance offers multiple opportunities to earn free crypto through various programs, promotions, and strategic activities. In this guide, we’ll explore practical ways to make $23 per day on Binance without spending a dime.
1. Binance Learn & Earn Program
Binance regularly introduces educational campaigns where users can watch short videos, complete quizzes, and receive free cryptocurrency. This initiative, known as “Learn & Earn,” allows users to gain knowledge about blockchain while earning rewards.
How to Participate:
Visit the Learn & Earn section on Binance.
Watch educational content about specific cryptocurrencies.
Take a quiz and answer correctly.
If eligible, you’ll receive free crypto in your Binance account.
Since Binance updates these campaigns frequently, checking regularly can help you maximize your earnings.
2. Binance Promotions, Airdrops & Giveaways
Binance frequently runs promotional events where users can earn free crypto by completing simple tasks. These include airdrops, social media contests, and community giveaways.
Ways to Benefit:
Follow Binance on Twitter, Telegram, and its official blog for updates.
Participate in special events, such as trading competitions and launchpad promotions.
Join Binance’s community challenges, where users can earn rewards by engaging with the platform.
While these opportunities aren’t always predictable, they can help accumulate funds over time.
3. Binance Referral Program
One of the easiest ways to make passive income on Binance is through its referral program. By inviting new users to the platform, you can earn a commission from their trading fees.
How It Works:
Sign in to Binance and generate your unique referral link.
Share the link with friends, family, or social media followers.
When they sign up and trade, you earn a percentage of their fees (up to 40% commission).
With a good number of referrals who actively trade, reaching $23 per day becomes achievable.
4. Completing Binance Task Center Offers
The Task Center on Binance provides easy ways to earn rewards by completing simple tasks. These may include signing up for new features, completing KYC verification, or making small trades using free trial funds.
How to Access Binance Task Center:
Log in to your Binance account.
Navigate to the Task Center section under the Rewards tab.
Complete tasks and claim rewards.
Although rewards vary, regularly checking for new tasks can help generate daily earnings.
5. Binance P2P Trading Without Investment
Binance Peer-to-Peer (P2P) trading allows users to buy and sell crypto directly with other traders. You can leverage price differences in various markets to make a profit without needing initial capital.
How to Profit from P2P Trading:
Identify price variations in different regions.
Buy low from one market and sell at a higher rate.
Withdraw earnings or reinvest for higher returns.
P2P arbitrage requires patience and research, but with consistent effort, you can earn daily.
6. Staking Free Crypto Rewards
If you earn free cryptocurrency from airdrops, promotions, or rewards, you can stake it in Binance Earn to generate passive income.
Steps to Stake Crypto for Free:
Navigate to Binance Earn.
Select Flexible Savings or Staking options.
Deposit your free crypto and start earning interest.
While staking alone may not bring in $23 daily immediately, compounding your rewards over time can significantly increase earnings.
7. Participate in Binance Futures Testnet Competitions
Binance has a Futures Testnet, where users can practice trading without using real funds. Occasionally, Binance organizes competitions on the testnet where top performers can win real crypto rewards.
How to Get Started:
Register for the Binance Futures Testnet.
Practice trading with virtual funds.
Join testnet trading competitions.
If you develop strong trading skills, you can win prizes and later use those rewards to generate more income.
Conclusion
Earning $23 daily on Binance without investing your own money requires consistency, patience, and a combination of different strategies. Some methods, like referrals and P2P trading, offer long-term earning potential, while others, like promotions and airdrops, provide occasional boosts.
By taking advantage of these opportunities, you can build a steady income stream without any initial financial commitment. Start exploring these options today and see which works best for you!
Would you like more details on a specific method?#BinanceAlphaAlert #BinanceLaunchpoolRED #TraderProfile #SBF1stTweetIn2Yrs #BTCDipOrRebound
1. Binance Learn & Earn Program
Binance regularly introduces educational campaigns where users can watch short videos, complete quizzes, and receive free cryptocurrency. This initiative, known as “Learn & Earn,” allows users to gain knowledge about blockchain while earning rewards.
How to Participate:
Visit the Learn & Earn section on Binance.
Watch educational content about specific cryptocurrencies.
Take a quiz and answer correctly.
If eligible, you’ll receive free crypto in your Binance account.
Since Binance updates these campaigns frequently, checking regularly can help you maximize your earnings.
2. Binance Promotions, Airdrops & Giveaways
Binance frequently runs promotional events where users can earn free crypto by completing simple tasks. These include airdrops, social media contests, and community giveaways.
Ways to Benefit:
Follow Binance on Twitter, Telegram, and its official blog for updates.
Participate in special events, such as trading competitions and launchpad promotions.
Join Binance’s community challenges, where users can earn rewards by engaging with the platform.
While these opportunities aren’t always predictable, they can help accumulate funds over time.
3. Binance Referral Program
One of the easiest ways to make passive income on Binance is through its referral program. By inviting new users to the platform, you can earn a commission from their trading fees.
How It Works:
Sign in to Binance and generate your unique referral link.
Share the link with friends, family, or social media followers.
When they sign up and trade, you earn a percentage of their fees (up to 40% commission).
With a good number of referrals who actively trade, reaching $23 per day becomes achievable.
4. Completing Binance Task Center Offers
The Task Center on Binance provides easy ways to earn rewards by completing simple tasks. These may include signing up for new features, completing KYC verification, or making small trades using free trial funds.
How to Access Binance Task Center:
Log in to your Binance account.
Navigate to the Task Center section under the Rewards tab.
Complete tasks and claim rewards.
Although rewards vary, regularly checking for new tasks can help generate daily earnings.
5. Binance P2P Trading Without Investment
Binance Peer-to-Peer (P2P) trading allows users to buy and sell crypto directly with other traders. You can leverage price differences in various markets to make a profit without needing initial capital.
How to Profit from P2P Trading:
Identify price variations in different regions.
Buy low from one market and sell at a higher rate.
Withdraw earnings or reinvest for higher returns.
P2P arbitrage requires patience and research, but with consistent effort, you can earn daily.
6. Staking Free Crypto Rewards
If you earn free cryptocurrency from airdrops, promotions, or rewards, you can stake it in Binance Earn to generate passive income.
Steps to Stake Crypto for Free:
Navigate to Binance Earn.
Select Flexible Savings or Staking options.
Deposit your free crypto and start earning interest.
While staking alone may not bring in $23 daily immediately, compounding your rewards over time can significantly increase earnings.
7. Participate in Binance Futures Testnet Competitions
Binance has a Futures Testnet, where users can practice trading without using real funds. Occasionally, Binance organizes competitions on the testnet where top performers can win real crypto rewards.
How to Get Started:
Register for the Binance Futures Testnet.
Practice trading with virtual funds.
Join testnet trading competitions.
If you develop strong trading skills, you can win prizes and later use those rewards to generate more income.
Conclusion
Earning $23 daily on Binance without investing your own money requires consistency, patience, and a combination of different strategies. Some methods, like referrals and P2P trading, offer long-term earning potential, while others, like promotions and airdrops, provide occasional boosts.
By taking advantage of these opportunities, you can build a steady income stream without any initial financial commitment. Start exploring these options today and see which works best for you!
Would you like more details on a specific method?#BinanceAlphaAlert #BinanceLaunchpoolRED #TraderProfile #SBF1stTweetIn2Yrs #BTCDipOrRebound
nice
Binance Launchpool Introduces RedStone (RED)! Stake BNB, FDUSD & USDC to Earn
Hey Twin Tulips Family! 🚀
🔥 Binance is back with another Launchpool opportunity, and this time, it’s RedStone (RED)! 🔴
🔥 If you love early access to promising projects, then mark your calendars for February 26, 2025, at 00:00 UTC, when farming officially begins!
What is RedStone (RED)?
RedStone is a multi-chain oracle designed for EVM and non-EVM chains, providing efficient and scalable data feeds for DeFi, gaming, and more. Being the 64th project on Binance Launchpool, RED is generating major buzz in the crypto space!
RED Launchpool Details
📌 Token Name: RedStone (RED)
📌 Total Supply: 1,000,000,000 RED
📌 Launchpool Rewards: 40,000,000 RED (4% of total supply)
📌 Initial Circulating Supply at Listing: 280,000,000 RED (28% of total supply)
📌 Network: Ethereum
How to Farm RED?
Binance users can stake their BNB, FDUSD, or USDC to farm RedStone (RED) tokens starting from:
🗓 Farming Period: February 26, 2025, 00:00 UTC – February 27, 2025, 23:59 UTC
Supported Pools & Rewards Distribution
🔹 BNB Pool: 32,000,000 RED (80%)
🔹 FDUSD Pool: 4,000,000 RED (10%)
🔹 USDC Pool: 4,000,000 RED (10%)
Why Should You Join the RED Launchpool?
✅ Early Access – Get RED before its official Binance listing
✅ Zero-Risk Farming – Stake your tokens and earn RED for free
✅ Potential for High Gains – RedStone’s multi-chain oracle tech could drive strong adoption
Final Thoughts
As always, Twin Tulips fam, we love early opportunities like this! 🚀 Farming starts on February 26, 2025, at 00:00 UTC—so get ready to stake and earn.
What do you think about this project? Drop your thoughts in the comments! Are you farming RED? Let’s discuss!
📢 Will you be farming RED? 💬
🔔 Stay tuned for more updates & insights from Twin Tulips!
🌷💛🤝
#TWIN_TULIPS #RED #Launchpool
🔥 Binance is back with another Launchpool opportunity, and this time, it’s RedStone (RED)! 🔴
🔥 If you love early access to promising projects, then mark your calendars for February 26, 2025, at 00:00 UTC, when farming officially begins!
What is RedStone (RED)?
RedStone is a multi-chain oracle designed for EVM and non-EVM chains, providing efficient and scalable data feeds for DeFi, gaming, and more. Being the 64th project on Binance Launchpool, RED is generating major buzz in the crypto space!
RED Launchpool Details
📌 Token Name: RedStone (RED)
📌 Total Supply: 1,000,000,000 RED
📌 Launchpool Rewards: 40,000,000 RED (4% of total supply)
📌 Initial Circulating Supply at Listing: 280,000,000 RED (28% of total supply)
📌 Network: Ethereum
How to Farm RED?
Binance users can stake their BNB, FDUSD, or USDC to farm RedStone (RED) tokens starting from:
🗓 Farming Period: February 26, 2025, 00:00 UTC – February 27, 2025, 23:59 UTC
Supported Pools & Rewards Distribution
🔹 BNB Pool: 32,000,000 RED (80%)
🔹 FDUSD Pool: 4,000,000 RED (10%)
🔹 USDC Pool: 4,000,000 RED (10%)
Why Should You Join the RED Launchpool?
✅ Early Access – Get RED before its official Binance listing
✅ Zero-Risk Farming – Stake your tokens and earn RED for free
✅ Potential for High Gains – RedStone’s multi-chain oracle tech could drive strong adoption
Final Thoughts
As always, Twin Tulips fam, we love early opportunities like this! 🚀 Farming starts on February 26, 2025, at 00:00 UTC—so get ready to stake and earn.
What do you think about this project? Drop your thoughts in the comments! Are you farming RED? Let’s discuss!
📢 Will you be farming RED? 💬
🔔 Stay tuned for more updates & insights from Twin Tulips!
🌷💛🤝
#TWIN_TULIPS #RED #Launchpool
redstone
_Wendy
--
RedStone on Binance Launchpool - Golden opportunity or hidden risk?
What is RedStone?
RedStone is a blockchain project focused on the Oracle space – a solution that provides off-chain data to decentralized applications (dApps) and smart contracts across multiple blockchain networks. Founded in 2021, RedStone aims to enhance the efficiency, reliability, and scalability of Oracle services, particularly in the decentralized finance (DeFi) sector.
Unlike some traditional Oracles that continuously push data on-chain, RedStone adopts a modular design, allowing data to be stored on a data availability layer and only brought on-chain when needed. This reduces gas costs, speeds up processing, and supports modern DeFi protocols.
Technology and Key Features
1. Flexible Modular Design
RedStone offers three main data delivery models, catering to the diverse needs of projects:
- RedStone Core: Data is injected directly into user transactions, optimizing gas costs and user experience.
- RedStone Classic: Data is pushed on-chain via a relay system, suitable for protocols that want control over data sources.
- RedStone X: Targets advanced protocols like perpetuals and derivatives, eliminating front-running risks by providing prices in the block following a user’s action.
2. Multi-Chain Support
RedStone is compatible with both EVM (Ethereum Virtual Machine) and non-EVM blockchains, currently deployed on over 60 networks. This makes it a versatile solution, serving both mainnets and layer-2 ecosystems.
3. Reliable Data Sources
RedStone partners with high-quality data providers and aggregates information directly from on-chain liquidity, ensuring the accuracy of its price feeds for assets.
4. Proven Performance
Since its launch, RedStone claims to have never experienced a mispricing incident and has been trusted by over 100 dApps, including notable names like Ethena, Pendle, and Venus.
Team and Financial Backing
- Team: RedStone is led by Jakub Wojciechowski, a developer with experience in the Ethereum ecosystem. The team comprises seasoned experts in blockchain and DeFi.
- Investors: The project raised $7 million in a Seed funding round in 2022, backed by prominent funds such as Coinbase Ventures, Blockchain Capital, Lemniscap, Arweave, and Kraken Ventures. Support from these reputable names reflects confidence in RedStone’s potential.
RED Token and Binance Launchpool
- Tokenomics: The total supply of RED is 1 billion tokens. At the Token Generation Event (TGE):
- 30% of the supply will be circulating immediately.
- The remaining 70% is locked for 4 years, helping control selling pressure and ensuring long-term stability.
- 48.3% of the total supply is allocated to community development, demonstrating a commitment to building a sustainable ecosystem.
- Binance Launchpool: RedStone (RED) is the 64th project on Binance Launchpool (set to start at 7 AM on February 26, 2025, Vietnam time). Users can stake BNB, USDC, and FDUSD to farm RED tokens, offering early access to the community.
More Detail RedStone on Binance Launchpool 👉 check here
Token Release Schedule
Potential and Challenges
Potential
1. Growing Oracle Market: Oracles are indispensable in DeFi, especially as protocols become more complex (e.g., perpetuals, options). RedStone has the opportunity to capture market share in this space, competing with Chainlink and Pyth Network.
2. Strong Ecosystem Support: Backing from major funds and Binance gives RedStone a credibility and reach advantage.
3. Real-World Application: With over 100 dApps already integrated and a stable track record, RedStone proves its practical value.
Challenges
1. Fierce Competition: Chainlink is currently the dominant player in the Oracle space, while Pyth Network is also rapidly emerging. RedStone needs to carve out a distinct edge to outpace competitors.
2. Market Risks: In a volatile crypto market, negative sentiment toward tokens from VC-funded rounds could impact RED’s initial price.
3. Ecosystem Dependency: RedStone’s success is tied to the growth of DeFi and layer-2 blockchains. If these sectors stagnate, RedStone could face setbacks.
Conclusion
RedStone is a promising Oracle project with innovative technology, a strong team, and backing from major institutions. Its modular design and multi-chain compatibility make it stand out in a competitive market. The launch on Binance Launchpool marks a significant milestone, boosting RED’s visibility in the crypto community.
However, for long-term success, RedStone must continue proving its performance, expanding partnerships, and building trust amid market fluctuations. If you’re considering participating in the Launchpool or investing in RED, it’s a noteworthy opportunity, but be sure to weigh the risks and closely monitor market developments.
This article is for informational purposes only. The information provided is not investment advice
#binance #wendy #BinanceLaucnhpoolRED $BNB $USDC $FDUSD
RedStone is a blockchain project focused on the Oracle space – a solution that provides off-chain data to decentralized applications (dApps) and smart contracts across multiple blockchain networks. Founded in 2021, RedStone aims to enhance the efficiency, reliability, and scalability of Oracle services, particularly in the decentralized finance (DeFi) sector.
Unlike some traditional Oracles that continuously push data on-chain, RedStone adopts a modular design, allowing data to be stored on a data availability layer and only brought on-chain when needed. This reduces gas costs, speeds up processing, and supports modern DeFi protocols.
Technology and Key Features
1. Flexible Modular Design
RedStone offers three main data delivery models, catering to the diverse needs of projects:
- RedStone Core: Data is injected directly into user transactions, optimizing gas costs and user experience.
- RedStone Classic: Data is pushed on-chain via a relay system, suitable for protocols that want control over data sources.
- RedStone X: Targets advanced protocols like perpetuals and derivatives, eliminating front-running risks by providing prices in the block following a user’s action.
2. Multi-Chain Support
RedStone is compatible with both EVM (Ethereum Virtual Machine) and non-EVM blockchains, currently deployed on over 60 networks. This makes it a versatile solution, serving both mainnets and layer-2 ecosystems.
3. Reliable Data Sources
RedStone partners with high-quality data providers and aggregates information directly from on-chain liquidity, ensuring the accuracy of its price feeds for assets.
4. Proven Performance
Since its launch, RedStone claims to have never experienced a mispricing incident and has been trusted by over 100 dApps, including notable names like Ethena, Pendle, and Venus.
Team and Financial Backing
- Team: RedStone is led by Jakub Wojciechowski, a developer with experience in the Ethereum ecosystem. The team comprises seasoned experts in blockchain and DeFi.
- Investors: The project raised $7 million in a Seed funding round in 2022, backed by prominent funds such as Coinbase Ventures, Blockchain Capital, Lemniscap, Arweave, and Kraken Ventures. Support from these reputable names reflects confidence in RedStone’s potential.
RED Token and Binance Launchpool
- Tokenomics: The total supply of RED is 1 billion tokens. At the Token Generation Event (TGE):
- 30% of the supply will be circulating immediately.
- The remaining 70% is locked for 4 years, helping control selling pressure and ensuring long-term stability.
- 48.3% of the total supply is allocated to community development, demonstrating a commitment to building a sustainable ecosystem.
- Binance Launchpool: RedStone (RED) is the 64th project on Binance Launchpool (set to start at 7 AM on February 26, 2025, Vietnam time). Users can stake BNB, USDC, and FDUSD to farm RED tokens, offering early access to the community.
More Detail RedStone on Binance Launchpool 👉 check here
Token Release Schedule
Potential and Challenges
Potential
1. Growing Oracle Market: Oracles are indispensable in DeFi, especially as protocols become more complex (e.g., perpetuals, options). RedStone has the opportunity to capture market share in this space, competing with Chainlink and Pyth Network.
2. Strong Ecosystem Support: Backing from major funds and Binance gives RedStone a credibility and reach advantage.
3. Real-World Application: With over 100 dApps already integrated and a stable track record, RedStone proves its practical value.
Challenges
1. Fierce Competition: Chainlink is currently the dominant player in the Oracle space, while Pyth Network is also rapidly emerging. RedStone needs to carve out a distinct edge to outpace competitors.
2. Market Risks: In a volatile crypto market, negative sentiment toward tokens from VC-funded rounds could impact RED’s initial price.
3. Ecosystem Dependency: RedStone’s success is tied to the growth of DeFi and layer-2 blockchains. If these sectors stagnate, RedStone could face setbacks.
Conclusion
RedStone is a promising Oracle project with innovative technology, a strong team, and backing from major institutions. Its modular design and multi-chain compatibility make it stand out in a competitive market. The launch on Binance Launchpool marks a significant milestone, boosting RED’s visibility in the crypto community.
However, for long-term success, RedStone must continue proving its performance, expanding partnerships, and building trust amid market fluctuations. If you’re considering participating in the Launchpool or investing in RED, it’s a noteworthy opportunity, but be sure to weigh the risks and closely monitor market developments.
This article is for informational purposes only. The information provided is not investment advice
#binance #wendy #BinanceLaucnhpoolRED $BNB $USDC $FDUSD
redstone
_Wendy
--
RedStone on Binance Launchpool - Golden opportunity or hidden risk?
What is RedStone?
RedStone is a blockchain project focused on the Oracle space – a solution that provides off-chain data to decentralized applications (dApps) and smart contracts across multiple blockchain networks. Founded in 2021, RedStone aims to enhance the efficiency, reliability, and scalability of Oracle services, particularly in the decentralized finance (DeFi) sector.
Unlike some traditional Oracles that continuously push data on-chain, RedStone adopts a modular design, allowing data to be stored on a data availability layer and only brought on-chain when needed. This reduces gas costs, speeds up processing, and supports modern DeFi protocols.
Technology and Key Features
1. Flexible Modular Design
RedStone offers three main data delivery models, catering to the diverse needs of projects:
- RedStone Core: Data is injected directly into user transactions, optimizing gas costs and user experience.
- RedStone Classic: Data is pushed on-chain via a relay system, suitable for protocols that want control over data sources.
- RedStone X: Targets advanced protocols like perpetuals and derivatives, eliminating front-running risks by providing prices in the block following a user’s action.
2. Multi-Chain Support
RedStone is compatible with both EVM (Ethereum Virtual Machine) and non-EVM blockchains, currently deployed on over 60 networks. This makes it a versatile solution, serving both mainnets and layer-2 ecosystems.
3. Reliable Data Sources
RedStone partners with high-quality data providers and aggregates information directly from on-chain liquidity, ensuring the accuracy of its price feeds for assets.
4. Proven Performance
Since its launch, RedStone claims to have never experienced a mispricing incident and has been trusted by over 100 dApps, including notable names like Ethena, Pendle, and Venus.
Team and Financial Backing
- Team: RedStone is led by Jakub Wojciechowski, a developer with experience in the Ethereum ecosystem. The team comprises seasoned experts in blockchain and DeFi.
- Investors: The project raised $7 million in a Seed funding round in 2022, backed by prominent funds such as Coinbase Ventures, Blockchain Capital, Lemniscap, Arweave, and Kraken Ventures. Support from these reputable names reflects confidence in RedStone’s potential.
RED Token and Binance Launchpool
- Tokenomics: The total supply of RED is 1 billion tokens. At the Token Generation Event (TGE):
- 30% of the supply will be circulating immediately.
- The remaining 70% is locked for 4 years, helping control selling pressure and ensuring long-term stability.
- 48.3% of the total supply is allocated to community development, demonstrating a commitment to building a sustainable ecosystem.
- Binance Launchpool: RedStone (RED) is the 64th project on Binance Launchpool (set to start at 7 AM on February 26, 2025, Vietnam time). Users can stake BNB, USDC, and FDUSD to farm RED tokens, offering early access to the community.
More Detail RedStone on Binance Launchpool 👉 check here
Token Release Schedule
Potential and Challenges
Potential
1. Growing Oracle Market: Oracles are indispensable in DeFi, especially as protocols become more complex (e.g., perpetuals, options). RedStone has the opportunity to capture market share in this space, competing with Chainlink and Pyth Network.
2. Strong Ecosystem Support: Backing from major funds and Binance gives RedStone a credibility and reach advantage.
3. Real-World Application: With over 100 dApps already integrated and a stable track record, RedStone proves its practical value.
Challenges
1. Fierce Competition: Chainlink is currently the dominant player in the Oracle space, while Pyth Network is also rapidly emerging. RedStone needs to carve out a distinct edge to outpace competitors.
2. Market Risks: In a volatile crypto market, negative sentiment toward tokens from VC-funded rounds could impact RED’s initial price.
3. Ecosystem Dependency: RedStone’s success is tied to the growth of DeFi and layer-2 blockchains. If these sectors stagnate, RedStone could face setbacks.
Conclusion
RedStone is a promising Oracle project with innovative technology, a strong team, and backing from major institutions. Its modular design and multi-chain compatibility make it stand out in a competitive market. The launch on Binance Launchpool marks a significant milestone, boosting RED’s visibility in the crypto community.
However, for long-term success, RedStone must continue proving its performance, expanding partnerships, and building trust amid market fluctuations. If you’re considering participating in the Launchpool or investing in RED, it’s a noteworthy opportunity, but be sure to weigh the risks and closely monitor market developments.
This article is for informational purposes only. The information provided is not investment advice
#binance #wendy #BinanceLaucnhpoolRED $BNB $USDC $FDUSD
RedStone is a blockchain project focused on the Oracle space – a solution that provides off-chain data to decentralized applications (dApps) and smart contracts across multiple blockchain networks. Founded in 2021, RedStone aims to enhance the efficiency, reliability, and scalability of Oracle services, particularly in the decentralized finance (DeFi) sector.
Unlike some traditional Oracles that continuously push data on-chain, RedStone adopts a modular design, allowing data to be stored on a data availability layer and only brought on-chain when needed. This reduces gas costs, speeds up processing, and supports modern DeFi protocols.
Technology and Key Features
1. Flexible Modular Design
RedStone offers three main data delivery models, catering to the diverse needs of projects:
- RedStone Core: Data is injected directly into user transactions, optimizing gas costs and user experience.
- RedStone Classic: Data is pushed on-chain via a relay system, suitable for protocols that want control over data sources.
- RedStone X: Targets advanced protocols like perpetuals and derivatives, eliminating front-running risks by providing prices in the block following a user’s action.
2. Multi-Chain Support
RedStone is compatible with both EVM (Ethereum Virtual Machine) and non-EVM blockchains, currently deployed on over 60 networks. This makes it a versatile solution, serving both mainnets and layer-2 ecosystems.
3. Reliable Data Sources
RedStone partners with high-quality data providers and aggregates information directly from on-chain liquidity, ensuring the accuracy of its price feeds for assets.
4. Proven Performance
Since its launch, RedStone claims to have never experienced a mispricing incident and has been trusted by over 100 dApps, including notable names like Ethena, Pendle, and Venus.
Team and Financial Backing
- Team: RedStone is led by Jakub Wojciechowski, a developer with experience in the Ethereum ecosystem. The team comprises seasoned experts in blockchain and DeFi.
- Investors: The project raised $7 million in a Seed funding round in 2022, backed by prominent funds such as Coinbase Ventures, Blockchain Capital, Lemniscap, Arweave, and Kraken Ventures. Support from these reputable names reflects confidence in RedStone’s potential.
RED Token and Binance Launchpool
- Tokenomics: The total supply of RED is 1 billion tokens. At the Token Generation Event (TGE):
- 30% of the supply will be circulating immediately.
- The remaining 70% is locked for 4 years, helping control selling pressure and ensuring long-term stability.
- 48.3% of the total supply is allocated to community development, demonstrating a commitment to building a sustainable ecosystem.
- Binance Launchpool: RedStone (RED) is the 64th project on Binance Launchpool (set to start at 7 AM on February 26, 2025, Vietnam time). Users can stake BNB, USDC, and FDUSD to farm RED tokens, offering early access to the community.
More Detail RedStone on Binance Launchpool 👉 check here
Token Release Schedule
Potential and Challenges
Potential
1. Growing Oracle Market: Oracles are indispensable in DeFi, especially as protocols become more complex (e.g., perpetuals, options). RedStone has the opportunity to capture market share in this space, competing with Chainlink and Pyth Network.
2. Strong Ecosystem Support: Backing from major funds and Binance gives RedStone a credibility and reach advantage.
3. Real-World Application: With over 100 dApps already integrated and a stable track record, RedStone proves its practical value.
Challenges
1. Fierce Competition: Chainlink is currently the dominant player in the Oracle space, while Pyth Network is also rapidly emerging. RedStone needs to carve out a distinct edge to outpace competitors.
2. Market Risks: In a volatile crypto market, negative sentiment toward tokens from VC-funded rounds could impact RED’s initial price.
3. Ecosystem Dependency: RedStone’s success is tied to the growth of DeFi and layer-2 blockchains. If these sectors stagnate, RedStone could face setbacks.
Conclusion
RedStone is a promising Oracle project with innovative technology, a strong team, and backing from major institutions. Its modular design and multi-chain compatibility make it stand out in a competitive market. The launch on Binance Launchpool marks a significant milestone, boosting RED’s visibility in the crypto community.
However, for long-term success, RedStone must continue proving its performance, expanding partnerships, and building trust amid market fluctuations. If you’re considering participating in the Launchpool or investing in RED, it’s a noteworthy opportunity, but be sure to weigh the risks and closely monitor market developments.
This article is for informational purposes only. The information provided is not investment advice
#binance #wendy #BinanceLaucnhpoolRED $BNB $USDC $FDUSD
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