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Binance has officially announced the 64th project on Binance Launchpool – RedStone (RED), a multi-chain oracle solution that supports both EVM and non-EVM blockchains.
Users can stake BNB, FDUSD, and USDC to receive RED airdrops over two days, starting from 00:00 on February 26, 2025 (UTC). Following this, Binance Pre-Market will list RED at 10:00 on February 28, 2025 (UTC) and open trading for the RED/USDT pair. The end time of the Pre-Market phase and the official Spot listing date will be announced later.
RED Launchpool Details
- Token Name: RedStone (RED)
- Total and Maximum Supply: 1,000,000,000 RED
- Launchpool Token Rewards: 40,000,000 RED (4% of total supply)
- Initial Circulating Supply on Binance Listing: 280,000,000 RED (28% of total supply)
- Network: Ethereum
- Smart Contract: 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de
Hourly Hard Cap per User
- BNB Pool: 66,666 RED per user
- FDUSD Pool: 8,333 RED per user
- USDC Pool: 8,333 RED per user
Supported Pools and Rewards Distribution
- Stake BNB (webpage available in 12 hours): 32,000,000 RED in rewards (80%)
- Stake FDUSD (webpage available in 12 hours): 4,000,000 RED in rewards (10%)
- Stake USDC (webpage available in 12 hours): 4,000,000 RED in rewards (10%)
Farming Period: 00:00 on February 26, 2025 – 23:59 on February 27, 2025 (UTC)
Introduction to RedStone
RedStone is a next-generation oracle protocol designed to provide accurate, diverse, and continuously updated data for DApps and smart contracts. With its modular design, RedStone offers faster data transmission and cost efficiency, making it an ideal oracle solution for Layer 1 and Layer 2 blockchains.
RedStone is a product developed by Lattice, a project focused on on-chain gaming solutions. The founding team includes:
- Justin Gilbert – Co-Founder & CEO of Lattice, previously the Founder of EasyScale Belgium and 0xPARC.
- Florian Muller – Co-Founder & CTO of Lattice, Founder of Clearcall.app, and a former engineer at Shopify and Accenture.
RedStone has successfully raised over $22 million across multiple funding rounds, with investments from top-tier venture firms such as Lemniscap, Coinbase Ventures, and Blockchain Capital.
With the strong backing of Binance and cutting-edge oracle technology, RedStone is shaping up to be a significant player in the blockchain ecosystem. What are your thoughts on RedStone? Stay tuned for its future developments!
