RedStone (RED) has been announced as the 64th project on Binance Launchpool, offering users the opportunity to earn RED tokens by staking BNB, FDUSD, or USDC. The farming period is scheduled from February 26, 2025, 00:00 UTC to February 27, 2025, 23:59 UTC.
Token Distribution:
Total Supply: 1,000,000,000 RED
Launchpool Allocation: 40,000,000 RED (4% of total supply)
BNB Pool: 32,000,000 RED (80% of Launchpool rewards)
FDUSD Pool: 4,000,000 RED (10%)
USDC Pool: 4,000,000 RED (10%)
Participants can unstake their assets at any time, with rewards distributed hourly. Following the Launchpool period, RED tokens will enter Binance Pre-Market trading on February 28, 2025, at 10:00 UTC.
About RedStone:
RedStone is a multi-chain oracle provider delivering real-time, customizable, and cost-efficient data feeds across over 70 blockchain networks, including both EVM and non-EVM chains. The platform supports a wide range of decentralized applications (dApps), including DeFi protocols, NFT platforms, and real-world asset tokenization.
Token Utility and Staking:
The RED token is designed to enhance the security and decentralization of RedStone's oracle network. Both data providers and token holders can stake RED tokens to contribute to network security and earn rewards paid in widely adopted assets like ETH, BTC, SOL, and USDC.
Circulating Supply:
At launch, the initial circulating supply of RED will be 280,000,000 tokens, representing 28% of the total supply.
This development within the Binance community presents a notable opportunity for those interested in participating in the RedStone ecosystem.
#TraderProfile ๐งโ๐๐ต๐ฐ
Token Distribution:
Total Supply: 1,000,000,000 RED
Launchpool Allocation: 40,000,000 RED (4% of total supply)
BNB Pool: 32,000,000 RED (80% of Launchpool rewards)
FDUSD Pool: 4,000,000 RED (10%)
USDC Pool: 4,000,000 RED (10%)
Participants can unstake their assets at any time, with rewards distributed hourly. Following the Launchpool period, RED tokens will enter Binance Pre-Market trading on February 28, 2025, at 10:00 UTC.
About RedStone:
RedStone is a multi-chain oracle provider delivering real-time, customizable, and cost-efficient data feeds across over 70 blockchain networks, including both EVM and non-EVM chains. The platform supports a wide range of decentralized applications (dApps), including DeFi protocols, NFT platforms, and real-world asset tokenization.
Token Utility and Staking:
The RED token is designed to enhance the security and decentralization of RedStone's oracle network. Both data providers and token holders can stake RED tokens to contribute to network security and earn rewards paid in widely adopted assets like ETH, BTC, SOL, and USDC.
Circulating Supply:
At launch, the initial circulating supply of RED will be 280,000,000 tokens, representing 28% of the total supply.
This development within the Binance community presents a notable opportunity for those interested in participating in the RedStone ecosystem.
#TraderProfile ๐งโ๐๐ต๐ฐ