Binance has announced the launch of RedStone (RED) on its Launchpool platform. Users can receive RED airdrops by locking their BNB, FDUSD, and USDC.
RED Launchpool Details
The total token supply will be 1 billion RED tokens. Launchpool rewards will be 40 million RED tokens, representing 4% of the total supply. Initially, 280 million RED tokens will be in circulation at the Binance listing, representing 28% of the total supply. Binance will be the first to list RED.
RED Pre-Market Trading Details
Pre-Market trading will start on February 28 at 10:00 (UTC) with the RED/USDT trading pair. The maximum holding limit per user will be 5,000 RED tokens. Binance will implement an upward circuit breaker mechanism, limiting the maximum price to a percentage of the opening price during the first 74 hours.
What is RedStone (RED)?
RedStone is a modular blockchain oracle supporting more than 70 chains, offering over 1,250 assets. The project facilitates building various dApps including lending and staking protocols. The RED token will be the foundation of RedStone's network.
RedStone (RED) promises to become a significant player in the blockchain ecosystem, offering extensive support for projects across EVM and non-EVM chains.
