Binance has announced RedStone (RED) as the 64th project on Binance Launchpool, opening up opportunities for users to stake assets to receive RED airdrops.

Binance Lists RedStone on Binance Launchpool
Binance has announced RedStone (RED) as the 64th project on Binance Launchpool, opening up opportunities for users to stake assets to receive RED airdrops. RedStone is a multi-chain oracle that supports both EVM and non-EVM chains, providing high-quality decentralized data for Web3 applications.

Binance Lists RedStone (RED) on Binance Launchpool

Launchpool Details
Users can stake BNB, FDUSD, and USDC to receive RED rewards over two days, starting from 00:00 on February 26, 2025 (UTC).

RED Total Supply: 1,000,000,000 tokens
Launchpool Rewards: 40,000,000 RED (4% of total supply)
Initial Circulating Supply Upon Listing on Binance: 280,000,000 RED (28% of total supply)
Supporting Network: Ethereum
Farming Period: 2025-02-26 – 2025-02-27
Launchpool Reward Allocation
BNB Pool: 32,000,000 RED (80%)
FDUSD Pool: 4,000,000 RED (10%)
USDC Pool: 4,000,000 RED (10%)
RedStone (RED) Opens Trading on Binance Pre-Market
After the Launchpool phase ends, Binance will open the Pre-Market for the RED/USDT trading pair at 17:00 on 28/02/2025 (UTC).

Price Limit Mechanism in Pre-Market
For the first time, Binance applies an upward circuit breaker mechanism to control price fluctuations in the first 72 hours of Pre-Market:

28/02 – 01/03: Max Price = 200% of Opening Price
01/03 – 02/03: Max Price = 300% of Opening Price
02/03 – 03/03: Max Price = 400% of Opening Price
After 03/03: No Price Limit
Each user can hold up to 5,000 RED in Pre-Market. After this period, Binance will announce the official listing time on Spot Market.

What is RedStone?
RedStone is a decentralized oracle launched in 2021, enabling Web3 applications to access off-chain data such as token prices, stocks, commodities securely and accurately.

To date, RedStone has:

Supported over 70 blockchains, including Monad, Movement, ZKsync, Berachain, and many emerging platforms.

Integrated over 130 projects, including Lido, Morpho, Ethena, Lombard, Renzo.
Provided price data for over 1,250 assets, focusing on Crypto and ETFs.
Successfully raised $22 million over 3 funding rounds, with participation from major funds such as Arrington Capital, Coinbase Ventures, and Amber Group.

Redstone Funding Rounds – CryptoRank

RED Token Allocation
Community & Genesis | 10%: Distributed through airdrop programs, strategic partners, and members who actively contribute to the development of RedStone
Protocol Development | 10%: Allocated to protocol development.

Core Contributors | 20%: Allocated to the development team.

Ecosystem & Data Providers | 28.3%: Reserved for the ecosystem and data providers.

Early Backers | 31.7%: Reserved for investors.

RED Token Allocation

Does RedStone have Galxe?
Currently, RedStone has a full Galxe program, with 30% of tokens unlocked at TGE. A total of 10% of the total supply will be allocated to the community and airdrop, opening up a huge opportunity for early adopters.

Summary
Binance's inclusion of RedStone (RED) in its Launchpool and Pre-Market marks a major step forward for the project, helping it reach out to the wider Crypto community. With Binance's support, RedStone has the potential to become the leading oracle in the Web3 space, providing powerful decentralized data to multiple blockchain ecosystems.