RedStone (RED) is making waves with its debut on Binance Launchpool. The project aims to solve inefficiencies in the oracle space by offering a more cost-effective and scalable solution for smart contracts. Traditional oracles can be slow and expensive, but RedStone’s pull-based model only sends data when requested, reducing unnecessary on-chain updates and lowering gas fees.
Key Features:
- Cost-Efficient: No unnecessary data updates on-chain, reducing gas fees.
- : Data is provided only when needed, ensuring faster delivery.
- Multi-Chain Support: RedStone works with over 70 blockchains, including Ethereum, Arbitrum, and Polygon.
Binance Launchpool Opportunity: - Start Date: February 26, 2025 - End Date: February 27, 2025 - Rewards: 40 million RED tokens available
To participate, users can stake BNB FDUSD, or USDC. BNB stakers receive 80% of the rewards, while FDUSD and USDC stakers get 10% each. The best part? There’s no lock-up, so you can withdraw anytime.
Tokenomics: - 48.3% of RED tokens are allocated to the community for staking and rewards. - Token Listing: RedStone will list on Binance on February 28, 2025, at 10:00 UTC.
RedStone’s innovative approach and its Binance debut make it a project worth watching.