RedStone is an oracle provider that equips decentralized applications with accurate data. Recently included in Binance Launchpool, it offers users the chance to earn RED tokens for free.
What is RedStone?
RedStone is a blockchain oracle provider supplying dApps with precise and regularly updated data feeds. The key mission of RedStone is to support platforms like decentralized exchanges and lending protocols, offering a more flexible and cost-effective solution than traditional approaches. By allowing developers to tailor data feeds to their application's needs, RedStone enhances efficiency while maintaining security.
How RedStone Works
RedStone's oracle network is built with modular architecture that separates data collection from delivery. Data is sourced from a variety of trusted inputs, including centralized and decentralized exchanges, as well as price aggregators. To ensure accuracy and security, RedStone employs multiple validation layers, such as anomaly detection and cross-source variance checks, safeguarding the process before broadcast to blockchains.
Engage with Binance Launchpool
Binance Launchpool allows users to earn new tokens by staking existing cryptocurrencies. RedStone (RED) is the 64th project on Binance Launchpool. Users can stake BNB, FDUSD, or USDC to receive RED token rewards during a 2-day farming period from February 26 to 27, 2025.
RedStone offers a multi-chain oracle solution with customizable, cost-efficient, and secure data feeds for decentralized applications. Now users can earn RED tokens via Binance Launchpool for early entry into this innovation.
