RedStone, a pioneering multi-chain oracle bridging EVM and non-EVM ecosystems, distinguishes itself with a modular architecture optimized for cross-chain interoperability. Binance's recent announcement of RedStone (RED) as its 64th Launchpool project marks a pivotal moment for decentralized finance (DeFi) adoption.
Key Highlights
- Binance Launchpool Integration: RED debuts on Binance Launchpool February 25, offering 40M tokens (4% supply) as rewards.
- Innovative Oracle Model: Pull-based data feeds reduce gas costs and enhance scalability across 60+ blockchains.
- EigenLayer Integration: RED stakers secure the network via Actively Validated Services (AVS), earning rewards in ETH, BTC, or stablecoins.
👉 Explore RedStone's Cross-Chain Capabilities
Binance Launchpool Details
Token Metrics
| Parameter | Value |
|---------------------|---------------------|
| Total Supply | 1,000,000,000 RED |
| Launchpool Rewards | 40,000,000 RED |
| Initial Circulation | 280,000,000 RED (28%) |
Supported Staking Pools
- BNB Pool: 80% rewards (32M RED)
- FDUSD/USDC Pools: 10% each (4M RED)
Pre-Market Trading
- Starts February 28, 10:00 UTC
- Price capped at 200%-400% of opening price for 72 hours.
What Is RedStone?
RedStone delivers customizable, cost-efficient data feeds for DeFi protocols. Its modular design supports:
- On-Demand Data Fetching: Minimizes blockchain congestion.
- AI-Enhanced Feeds: Volatility prediction and outlier detection.
- Cross-Chain Compatibility: Ethereum, Polygon, Arbitrum, and emerging L2s.
👉 Discover RedStone's AI Oracle Advantages
RED Tokenomics
Supply Distribution
- Community & Genesis: 10%
- Core Contributors: 20% (locked)
- Ecosystem Providers: 28.3% (partially locked)
Vesting Schedule
70% of tokens unlock linearly over four years to stabilize market supply.
Price Predictions & Investment Outlook
- Pre-Market Range: $0.70–$0.90
- 2025 Projections: $1.50–$2.00 (PANews)
- Bull Case: Limited initial supply may drive demand.
Risks
- Post-unlock sell pressure from vested tokens.
- Market volatility affecting early valuations.
How to Buy RED Tokens
- Binance Pre-Market: Available from February 28.
- Post-Launch: Trade RED/USDT, RED/BTC pairs on Binance.
Note: RED is not yet listed on other major exchanges.
FAQs
Is RedStone compatible with non-EVM chains?
Yes, RedStone supports both EVM (Ethereum, Polygon) and non-EVM (Movement, Sonic) networks.
How does RED staking work?
Stakers secure the oracle network via EigenLayer AVS, earning rewards in ETH, BTC, or USDC.
What’s RED’s max supply?
1 billion tokens, with 300M circulating at launch.
Why choose RedStone over Chainlink?
RedStone’s pull-based model reduces costs, while its modularity offers tailored data solutions.
👉 Start Trading RED Tokens Securely
Disclaimer: Crypto investments carry risks. Conduct independent research before investing.