Discover the multi-chain oracle network RedStone and learn how to farm RED coins on Binance Launchpool.
Correct operation of blockchain applications depends on accurate and trustworthy data. Whether it's for DeFi platforms, NFT markets, or actual asset tokenizing, reliable price feeds are crucial. Still, many current oracle solutions deal with problems including:
Aiming to tackle these issues RedStone is a multi-chain oracle supplier. RedStone helps developers create quicker, more dependable distributed apps (dApps) by providing customized, reasonably priced, secure data streams.
One of the most flexible oracle systems available now, the protocol provides real-time pricing data across more than 70 blockchain networks including both EVM and non-EVM chains.
RedStone (RED) is now the 64th project on Binance Launchpool, allowing users to stace BNB, FDUSD, or USDC to earn RED tokens for free.
RedStone's operations will be discussed in this post along with the reasons for its importance and how you may help Binance Launchpool to harvest RED coins.
Red Stone is what?
RedStone is a blockchain oracle supplier delivering reliable, regularly updated data feeds for distributed apps (dApps). Real-time pricing data is essential for many blockchain-based systems like synthetic assets, lending protocols, distributed exchanges (DEXs), and decentralized markets to operate as they should. Delayed, erroneous, or altered data may cause security concerns, wrong pricing, and failed transactions.
RedStone provides a more flexible and reasonably priced method than conventional oracle systems, which may be costly and sluggish. It lets developers create data feeds that fit the particular requirements of their applications, therefore saving unneeded expenses and preserving dependability and security.
RedStone covers both Ethereum Virtual Machine (EVM) and non-EVM chains by now offering data feeds across more than 70 blockchain systems. For developers creating across many blockchain environments, its multi-chain interoperability makes it a scalable option.
RedStone's Approach
Red Stone's oracle network is built with a modular architecture meant to divide data collecting from data transmission. RedStone can therefore effectively provide real-time data feeds across many blockchains without having to install whole new infrastructure for every connection.
RedStone's data originates from a broad spectrum of reliable sources, including:
centralized exchanges like Binance
Decentralized exchanges (DEXs) like to Sushiswap and Uniswap.
Prices aggregators include CoinGecko and CoinMarketCap.
RedStone handles all incoming data via many validation levels to guarantee security and correctness including:
identification of anomalies to eliminate odd pricing surges.
Analysis of market depth to verify degrees of liquidity.
Cross-source variance checks help to weed out erroneous data.
Following validation, independent node operators verify and sign the data before it is sent to blockchain systems. This mechanism ensures that smart contracts get only correct, tamper-proof data.
Red Stone Architectural Design
Reliability in Security
Red Stone gives security first importance. Before pricing data gets to the blockchain, the protocol checks using a distributed network of node operators. This guarantees that data stays accurate even under erratic market situations and helps to lower the possibility of price manipulation.
RedStone has also set up various fail-safe systems, including:
many separate nodes checking every data stream.
Integrated redundancy helps to stop service breakdowns.
Frequent security audits carried out under third-party authority.
RedStone is a reliable oracle for top DeFi systems since it launched as it has a flawless track record with zero mispricing events.
Why Red Stone Outstands?
RedStone offers blockchain oracle technology certain important enhancements:
Works across EVM and non-EVM blockchains, therefore enabling a greater spectrum of ideas from which to draw inspiration.
Developers may request specific financial data including Liquid Restaking Tokens (LRTs), Bitcoin DeFi (BTCFi), and Real-World Assets (RWA).
Cost-effective optimized design uses modular architecture to save gas costs and accelerate transactions.
High Security Standards: Consensus-based validation guarantees tamper-proof data on which dApps may depend.
How can one get RED Tokens via Binance Launchpool?
Staking their current cryptocurrency lets users win fresh tokens for free using Binance Launchpool. It offers a means to access fresh blockchain initiatives before they go on public market.
Binance users may bet USDC, FDUSD, or BNB in dedicated pools for the Red Stone (RED) launch and get RED tokens. Two days will pass during farming, after which RED tokens will be accessible for Pre-Market trading on Binance.
Binance Launch Pool provides:
Early access to new tokens before to their public release.
Zero danger to principal: users are free to unstake tokens at any moment.
There is no extra charge; users maintain their initial tokens and staking is free. Looking to begin farming RED tokens? Sign up on Binance right now to stake BNB for benefits.
Using Binance Launchpool, steps to Farm RED Tokens
First step: register on Binance and finish KYC.
Users of Binance Launchpool have to be verified Binance account holders. New users register via email and completing KYC validation.
🌈 Click here to signup and start farming RED tokens.
Second step: deposit or purchase BNB on Binance.
Users must deposit or buy BNB to invest in the Launchpool once registered. With 80% of the whole RED token earnings, BNB is the most satisfying pool.
Third stake: BNB in the RED Launchpool
Go to the part on Binance Launchpool, choose the RED farming pool, then stake BNB. Awards will be given every hour and start to gather right away.
Third step: claim and trade RED tokens.
The agricultural span is 2025-02-26 00:00 UTC to 2025-02-27 23:59 UTC. Users may claim their acquired RED tokens and exchange them on Binance after the farming time closes.
Now start staking BNB to gain RED tokens before trading starts.
Details for Red Token Launch
Red coins will become accessible for Pre-Market trading on Binance beginning February 28, 2025, at 10:00 UTC after cultivation concludes.
Important particulars of the RED token release:
Total supply: 1,000,000,000 RED.
40,000,000 RED (4% of total supply) is Launchpool Rewards.
280,000,000 RED is the first circulating quantity; 28% of the overall supply.
Reward Breakdown of Binance Launchpool:
Eighty percent of the rewards—16,000,000 RED daily—BNP Pool
FDUSD Pool: Ten percent of daily rewards—2,000,000 RED
Ten percent of the awards—2,000,000 RED daily—USDC Pool
RED Token Launch and Binance Pre-Market Trading
RED coins will commence Pre-Market trading on February 28, 2025, at 10:00 UTC after the Binance Launchpool farming period ends. Designed as a unique trading phase, Binance Pre-Market lets users purchase and sell tokens before their official spot market listing.
Early price discovery and liquidity for new coins this function offers provide traders a chance to join the market before the general public. Still, participation in Binance Pre-Market is subject to eligibility according on the user's nation or area of residency.
To enter Pre-Market trading and be among the first to trade RED tokens, register on Binance.
Upward Circuit Breaker Mechanism for RED Token
Binance has developed an Upward Circuit Breaker Mechanism for the RED token launch to help to minimize large price volatility in the first 72 hours of trading. Based on the starting opening price, this technique determines a maximum permitted price limit.
The constraints follow:
Maximum price limit: 200% of starting price; February 28, 10:00 UTC - March 1, 09:59 UTC
March 1, 10:00 UTC --> March 2, 09:59 UTC → Maximum price limit: three hundred percent of starting price.
March 2, 10:00 UTC – March 3, 09:59 UTC → 400% of starting price as maximum price limit
Normal trading starts after March 3, 10:00 UTC without any price constraints.
This system protects early investors from too much volatility and helps to maintain a fair trading environment by avoiding price manipulation.
🌈 Sign up right now to trade RED tokens under Pre-Market price protection.
The Value of Binance Pre-Market Trading
Early access to RED tokens before they are officially listed on the spot market is made possible via binance pre-market trading. This phase helps traders by:
giving chances for purchase and selling before formal spot listing.
Help to define the token's early pricing range.
letting players in the market test trade volume and liquidity.
Users should be advised of the circuit breaker restrictions, however, which will help to reduce rapid price swings within the first three days.
Final Thought
RedStone is a multi-chain oracle supplier meant to give distributed applications with bespoke, reasonably priced, safe data feeds.
Presenting developers with a means to access real-time data with reduced costs and enhanced security, it supports both EVM and non-EVM chains via presence over more than 70 blockchain networks.
RedStone (RED) by Binance Launchpool is the 64th project on Binance Launchpool wherein users may earn RED tokens for free by staking BNB, FDUSD or USDC. The farming phase is two days, from February 26 to February 27, 2025; after which the token will enter Pre-Market trading on Binance on February 28, 2025.
Early access to RED trading is offered via Binance Pre-Market, although during the first 72 hours circuit breaker price restrictions are in force.
Trading limitations will be removed after March 3, 2025, and RED tokens will be entirely accessible on the spot market.
Staking BNB on Binance Launchpool and receiving prizes during the farming phase will let anyone interested in obtaining RED tokens before trading start take part.
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