Binance Adds RedStone (RED) to Launchpool as 64th Project

2 min

Global cryptocurrency exchange Binance has announced the addition of RedStone (RED) to its Launchpool, marking it as the 64th project. RedStone is a decentralized finance protocol functioning as an oracle for EVM and non-EVM blockchains.

Key Details

Farming for RED starts on February 26, 2025, at 00:00 UTC and lasts two days.
Users can stake BNB, USDC, and FDUSD to earn RED tokens.
Post-farming, RED will be listed on Binance's Pre-Market with an upward circuit breaker for the first 72 hours to regulate trading activity.
A maximum holding limit of 5,000 RED per trader is set for Pre-Market trading.
Certain regions are restricted from participating, including Canada, the US, the Netherlands, Japan, Kazakhstan, and North Korea.

Token Supply and Distribution

Total supply of RED is 1 billion; 30% will enter circulation at launch.
48.3% allocated for community and ecosystem growth.
10% reserved for early adopters and contributors, another 10% for the development team.
28.3% designated for builders and data providers.
20% distributed to top contributors and community leaders.
31.7% allocated to investors, advisors, and strategic partners.

Initially available as an ERC-20 token, plans are in place to expand to networks like Solana and Base through Wormhole native token transfer.