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

On February 25, 2025, Binance issued an announcement stating that Binance Launchpool launched the 64th phase project - RedStone (RED), a multi-chain oracle that spans EVM and non-EVM chains. Users can invest BNB, FDUSD and USDC into the RED reward pool on the Launchpool website after 08:00 on February 26, 2025 (East Eighth District time), and the event duration is 2 days.

1. Pre-market trading

Binance pre-market trading will be listed at 18:00 on February 28, 2025 (East Eighth District Time), RedStone (RED), And open the RED/USDT trading market.

Pre-market trading daily limit

Binance launches new Binance pre-market trading market function - the daily limit mechanism. The daily limit mechanism will limit the highest trading price in the first 72 hours of the pre-market market, and the token price increase shall not exceed a certain percentage of the initial opening price. After 72 hours of the market opening before the market, there will be no price restrictions and trading will return to normal.

Pre-market trading details:

Personal maximum position limit: 5,000 RED

Percentage limit rules:

February 28, 2025 18:00 - March 1, 2025 17 :59 (East Eighth District Time): The maximum purchase price is 200% of the opening price

March 1, 2025 18:00 - 2025 03 02nd 17:59 (East Eighth District Time): The maximum purchase price is 300% of the opening price

18:00 on March 2, 2025 - March 3, 2025 17:59 (East Eighth District Time): The maximum purchase price is 400% of the opening price

18:00 on March 3, 2025 (East After the eighth zone time): No price limit

2. Launchpool detailsToken name: RedStone (RED)

Total/maximum supply: 1,000,000,000 RED< /p>

Total Launchpool: 40,000,000 RED (4% of the maximum supply of tokens)

Initial Circulation: 280,000,000 RED (28.00% of the total token supply)

Smart contract details: Ethereum Network （0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de）

Restriction clause: KYC is required

Individual hourly reward hard top: < /p>

BNB mining pool: 66,666 RED

FDUSD mining pool: 8,333 RED

< p style="text-align: left;">USDC mining pool: 8,333 RED

Reward pool:

BNB pool: Total reward of 32,000,000 RED (80%)

FDUSD Pool: 4,000,000 RED (10%)

USDC Pool: 4,000,000 RED (10%) )

Event time: 08:00 on February 26, 2025 (East Eighth District time) to 07:59 on February 28, 2025 (East Eighth District time)

Reward quota phase allocation:

3. Introduction to RedStone (RED)

RedStone is a modular blockchain oracle similar to Chainlink and Python Network, but it stands out with the unique advantages of modular design.

Data is stored on Arweave, and nodes provide data to DeFi projects when needed through EVM-Connector to ensure data integrity and security.

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

RedStone The modular design enables push and pull oracle data services to multiple EVM and non-EVM ecosystems, Rollup, and various application chains.

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

Multi-chain data

RedStone The modular architecture separates data collection from data transmission, creating a flexible system that can be efficiently scaled across the entire blockchain network. This design allows the deployment of the same price information to any supported chain, Without modifying the core data provider infrastructure. By eliminating the need to deploy new nodes in each integration, RedStone enables faster and more cost-effective scaling while maintaining consistent security standards across all networks. This architectural approach Proven to be very successful, enabling RedStone to expand its services to over 70 different blockchain networks while ensuring reliable price data transfer and maintaining equally stringent security measures across all integrations.

IV. Token Economics 1. RED

RED is designed as a functional token with an innovative value accumulation mechanism, introducing the first truly sustainable oracle economics.

Eige using RedStonenLayer Active Verification Service (AVS), RED staking adds a solid layer of economic security to RedStone’s oracle stack, leverages staking RED tokens and potentially leverages the billions of dollars staking in EigenLayer to provide additional security .

Data providers (providing data for RedStone's modular oracle network) and token holders (enhance network security through direct staking in RedStone AVS Sex) can pledge RED.

RED stakers will receive rewards from RedStone data users spanning hundreds of blockchains, which will be used in widely adopted assets (such as ETH, BTC) , SOL and USDC) payment.

2. The maximum supply of token allocation

RED is 1,000,000,000 (billion) units Token, initial circulation is 30%. RED is an ERC-20 token implemented on the Ethereum main network and will be used on Solana, Base and other networks through the Wormhole native token transfer standard after token generation events.

Almost half of RED tokens (48.3%) will be allocated to the RedStone ecosystem and community, specifically assigned to the following categories: Community and Creation, Ecosystem and Data providers and protocol development.

3. RED unlocking timetable

4. RED distribution map