Project Overview
Name: RedStone
Ticker: RED
Type: ERC-20 Token
Blockchain: Ethereum
Launch Year: 2025
Total Supply: 1,000,000,000 RED
Website: RedStone Finance
Core Features
- Decentralized Oracle Provider: Delivers reliable data streams across more than 70 blockchain networks, optimizing transaction costs.
- Flexible Architecture: Modular structure for multi-chain data delivery, catering to EVM and non-EVM platforms.
- High Data Quality Standards: Multi-layered data verification process ensures security and accuracy.
RED Token Details
Utility: Used for staking, rewarding data providers, and governance participation in the RedStone ecosystem.
Launch on Binance Launchpool:
- Farming Dates: February 26, 2025 (00:00 UTC) – February 27, 2025 (23:59 UTC)
- Tokens Distributed: 40 million RED (4% of total supply)
- Available Tokens for Staking: BNB, FDUSD, USDC
- Hourly Reward Limits: 66,666 RED for BNB; 8,333 RED for FDUSD and USDC.
Market Trading
Pre-Market Trading for RED/USDT: Starts on February 28, 2025, at 10:00 UTC.
Price Control Mechanism: Maximum price will gradually increase during the first 72 hours post-launch.
Storage Options: RED tokens can be stored in ERC-20 compatible wallets like OKX Wallet, Metamask, and SafePal.
Frequently Asked Questions (FAQ)
What is RedStone?
RedStone is a blockchain oracle provider that delivers reliable data streams to over 70 blockchain networks while optimizing transaction costs.
What role does the RED token play in the RedStone ecosystem?
The RED token enhances the network’s security through staking, incentivizes data quality, and allows for governance participation.
When does the farming for RED on Binance Launchpool start?
Farming for RED starts on February 26, 2025, at 00:00 UTC.
Which tokens can be used for staking in the RedStone pool?
Tokens available for staking include BNB, FDUSD, and USDC.
How many RED tokens will be distributed on Binance Launchpool?
A total of 40 million RED tokens will be distributed via Binance Launchpool, accounting for 4% of the total supply.
What are the hourly reward limits for staking?
The hourly limits for rewards are 66,666 RED for BNB and 8,333 RED for FDUSD and USDC.
When will the pre-market trading for RED tokens start?
Pre-market trading for RED starts on February 28, 2025, at 10:00 UTC.
Where can I store RED tokens?
RED tokens can be stored in ERC-20 compatible wallets such as OKX Wallet, Metamask, and SafePal.
Conclusion
RedStone is not only addressing existing oracle challenges but is also creating a new model for interaction between blockchain networks and real-world data, crucial for the growing complexity in decentralized finance. The launch of the RED token on Binance Launchpool presents a significant opportunity for early participants to engage with this innovative ecosystem.
