Binance Introduces RedStone (RED) on Launchpool – A Multi-Chain Oracle Powering EVM and Non-EVM Networks
Binance has just announced the 64th project on Binance Launchpool: RedStone (RED), a cutting-edge multi-chain oracle designed for both EVM and non-EVM blockchain ecosystems. The Launchpool webpage is expected to go live within the next 12 hours, giving users ample time to prepare before farming begins.
How to Earn Free RED Tokens on Binance Launchpool
Starting from February 26, 2025, at 00:00 UTC, Binance users can stake their BNB, FDUSD, and USDC to farm RED tokens over a two-day period. Here’s what you need to know about the Launchpool distribution:
Farming Pools and Rewards:
- BNB Pool: 32,000,000 RED (80% of total Launchpool rewards)
- FDUSD Pool: 4,000,000 RED (10%)
- USDC Pool: 4,000,000 RED (10%)
Hourly Hard Cap per User:
- BNB Pool: 66,666 RED
- FDUSD Pool: 8,333 RED
- USDC Pool: 8,333 RED
The farming period will last for two days, ending on February 27, 2025, at 23:59 UTC.
Binance Pre-Market: Exclusive Early Trading for RED/USDT Pair
Following the Launchpool, Binance will list RedStone (RED) for Pre-Market trading starting on February 28, 2025, at 10:00 UTC. This exclusive Pre-Market phase allows users to trade RED before its official Spot Market listing, with additional details on spot trading to be announced later.
What You Need to Know About Binance Pre-Market
Binance Pre-Market is an exclusive offering that provides early access to tokens before their official spot listing. However, participation depends on your country or region of residence, so be sure to check if you are eligible.
Price Cap Mechanism: A New Feature for Binance Pre-Market Trading
For the first time, Binance is introducing a Price Cap Mechanism for its Pre-Market trading. This feature will temporarily limit the maximum price increase during the first 72 hours of trading to prevent excessive volatility.
Price Cap Breakdown:
- Feb 28, 2025 (10:00 UTC) – Mar 1, 2025 (09:59 UTC): Max price limit 200% of the opening price
- Mar 1, 2025 (10:00 UTC) – Mar 2, 2025 (09:59 UTC): Max price limit 300% of the opening price
- Mar 2, 2025 (10:00 UTC) – Mar 3, 2025 (09:59 UTC): Max price limit 400% of the opening price
- After Mar 3, 2025 (10:00 UTC): No price restrictions; normal trading resumes
Maximum Holding Limit Per User
Each user participating in Pre-Market trading will be limited to a maximum holding of 5,000 RED.
RedStone (RED) Tokenomics: Supply, Smart Contract, and More
- Token Name: RedStone (RED)
- Total Supply: 1,000,000,000 RED
- Launchpool Token Rewards: 40,000,000 RED (4% of total supply)
- Initial Circulating Supply at Binance Listing: 280,000,000 RED (28% of total supply)
- Network: Ethereum (Smart Contract: 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de)
How to Participate in the RedStone (RED) Launchpool and Pre-Market
To take part in the RedStone (RED) Launchpool and Pre-Market trading, users must complete Binance KYC verification and adhere to Launchpool terms.
Important Notes:
- Binance is the first platform to list RedStone (RED) – any other claims of selling RED before the official listing date should be treated with caution.
- Launchpool farming begins on February 26, 2025.
- Pre-Market trading starts on February 28, 2025.
- The Price Cap Mechanism is currently a trial feature – its long-term adoption is yet to be decided.
For more details, check out Binance’s official research report on RedStone (RED), available within 24 hours of this announcement.
Stay tuned for further updates and official announcements from Binance!
