A quick look at Binance Launchpool 64 project RedStone (RED)

Source: Golden Finance, Binance, RedStone official website, white paper, Twitter Compiled by: Golden Finance

On February 25, 2025, Binance announced that Binance Launchpool launched the 64th project - RedStone (RED), a multi-chain oracle across EVM and non-EVM chains. Users can invest BNB, FDUSD and USDC into the RED reward pool on the Launchpool website after February 26, 2025 08:00 (Eastern Time) to obtain RED. The activity will last for a total of 2 days.

1. Pre-market Trading

Binance Pre-market Trading will list RedStone (RED) at 18:00 on February 28, 2025 (ET8) and open the RED/USDT trading market.

Pre-market Trading Price Limit

Binance launches a new feature of the Binance Pre-market Trading Market - the Price Limit Mechanism. The Price Limit Mechanism will limit the highest trading price in the pre-market market in the first 72 hours, and the token price cannot increase by more than a certain percentage of the initial opening price.After 72 hours of the pre-market opening, there will be no price limit and trading will resume as normal.

Pre-market trading details:

• Individual maximum position limit: 5,000 RED

• Limit up rules:

• February 28, 2025 18:00 - March 01, 2025 17:59 (Eastern Time Zone 8): The highest purchase price is 200% of the opening price

• March 01, 2025 18:00 - March 02, 2025 17:59 2025-03-02 18:00 - 2025-03-03 17:59 (ET8): The maximum purchase price is 400% of the opening price. 2025-03-03 18:00 - 2025-03-03 17:59 (ET8): The maximum purchase price is 400% of the opening price. 2025-03-03 18:00 (ET8): No price limit. 2. Launchpool Details Token Name: RedStone (RED) Total/Maximum Token Supply: 1,000,000,000 RED

• Launchpool Total: 40,000,000 RED (4% of Maximum Token Supply)

• Initial Circulation: 280,000,000 RED (28.00% of Total Token Supply)

• Smart Contract Details: Ethereum Network (0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de)

• Restrictions: KYC Required

• Individual Hourly Reward Hard Cap:

• BNB pool: 66,666 RED

• FDUSD pool: 8,333 RED

• USDC pool: 8,333 RED

Reward pool:

• BNB pool: total reward 32,000,000 RED (accounting for 80%)

• FDUSD pool: total reward 4,000,000 RED (accounting for 10%)

• Activity time: 08:00 on February 26, 2025 (GMT+8) to 07:59 on February 28, 2025 (GMT+8)

Reward amount distribution in stages:

3. Introduction to RedStone (RED)

Data is stored on Arweave, and nodes provide data to DeFi projects through EVM-Connector in the form of a decentralized public cache when needed to ensure data integrity and security.

To ensure data integrity, data providers need to stake RedStone tokens as collateral to ensure that they can continue to operate and provide high-quality data.

RedStone's modular design is able to push and pull oracle data services to multiple EVM and non-EVM ecosystems, Rollups, and various application chains.

The main function of a blockchain oracle is to provide real-world data to smart contracts, ensuring that smart contracts can make decisions based on the latest external information when executing. The advantage of a modular oracle is that its components can be updated or replaced independently, ensuring scalability and integration on different blockchains.

Multi-Chain Data

RedStone's modular architecture separates data collection from data delivery, creating a flexible system that scales efficiently across blockchain networks. This design allows the same price feed to be deployed to any supported chain without modifying the core data provider infrastructure. By eliminating the need to deploy new nodes for each integration, RedStone achieves faster and more cost-effective scaling while maintaining consistent security standards across all networks. This architectural approach has proven to be very successful, enabling RedStone to expand its services to over 70 different blockchain networks while ensuring reliable price data delivery and maintaining the same stringent security measures across all integrations.

4. Token Economics

1. RED

RED Designed as a utility token with an innovative value accrual mechanism, introducing the first truly sustainable oracle economics.

Leveraging RedStone’s EigenLayer Active Validation Service (AVS), RED staking adds a layer of solid economic security to RedStone’s oracle stack, leveraging staked RED tokens and potentially the billions of dollars staked in EigenLayer for additional security.

RED can be staked by both data providers (who provide data to RedStone’s modular oracle network) and token holders (who enhance network security by staking directly in RedStone AVS).

RED stakers will receive rewards from RedStone data users across hundreds of blockchains, paid in widely adopted assets such as ETH, BTC, SOL, and USDC.

2. Token Allocation

RED has a maximum supply of 1,000,000,000 (billion) tokens, with an initial circulation of 30%. RED is an ERC-20 token implemented on the Ethereum mainnet and will be used on Solana, Base, and other networks through the Wormhole native token transfer standard after the token generation event.

Almost half of the RED tokens (48.3%) will be allocated to the RedStone ecosystem and community, specifically to the following categories: Community & Genesis, Ecosystem & Data Providers, and Protocol Development.

3. RED unlocking schedule

4. RED distribution map