Blockchain applications rely on accurate and reliable data to function properly. Whether it’s for DeFi platforms, NFT marketplaces, or real-world asset tokenization, having trustworthy price feeds is essential. However, many existing oracle solutions face issues such as:
- High costs
- Slow data updates
- Security vulnerabilities.
RedStone is a multi-chain oracle provider that aims to solve these problems. By offering customizable, cost-efficient, and secure data feeds, RedStone enables developers to build faster, more reliable decentralized applications (dApps).
The protocol delivers real-time price data across over 70 blockchain networks, including both EVM and non-EVM chains, making it one of the most versatile oracle solutions available today.
Now, Binance has introduced RedStone (RED) as the 64th project on Binance Launchpool, giving users the chance to earn RED tokens for free by staking BNB, FDUSD, or USDC.
This article will explain how RedStone works, why it is important, and how you can participate in Binance Launchpool to farm RED tokens.
📌 Want to start farming RED tokens? Join Binance today and stake your BNB to earn rewards!
What is RedStone?
RedStone is a blockchain oracle provider that supplies decentralized applications (dApps) with accurate and frequently updated data feeds. Many blockchain-based platforms, such as decentralized exchanges (DEXs), lending protocols, and synthetic assets, rely on real-time price data to function correctly. If this data is delayed, incorrect, or manipulated, it can result in failed transactions, inaccurate pricing, and security risks.
Unlike traditional oracle solutions, which can be expensive and slow, RedStone offers a more flexible and cost-efficient approach. It allows developers to customize data feeds to meet the specific needs of their applications, reducing unnecessary costs while maintaining security and reliability.
RedStone currently provides data feeds across over 70 blockchain networks, covering both Ethereum Virtual Machine (EVM) and non-EVM chains. This multi-chain compatibility makes it a scalable solution for developers building across different blockchain ecosystems.
📌 Want to explore RedStone’s potential? Register on Binance and start earning RED tokens today!
How RedStone Works
RedStone’s oracle network is designed with a modular architecture, which separates data collection from data delivery. This means that RedStone can efficiently provide real-time data feeds across multiple blockchains without needing to deploy entirely new infrastructure for each integration.
The data provided by RedStone comes from a wide range of trusted sources, including:
- Centralized exchanges (CEXs) such as Binance and Coinbase.
- Decentralized exchanges (DEXs) like Uniswap and Sushiswap.
- Price aggregators such as CoinMarketCap and CoinGecko.
To ensure accuracy and security, RedStone processes all incoming data through multiple validation layers, including:
- Anomaly detection to remove unusual price spikes.
- Market depth analysis to confirm liquidity levels.
- Cross-source variance checks to filter out inaccurate data.
After validation, the data is signed and verified by independent node operators before being broadcasted to blockchain networks. This process guarantees that only accurate, tamper-proof data is delivered to smart contracts.
Security and Reliability
Security is a top priority for RedStone. The protocol uses a decentralized network of node operators to verify price data before it reaches the blockchain. This reduces the risk of price manipulation and ensures that data remains accurate even in volatile market conditions.
RedStone has also implemented several fail-safe mechanisms, including:
- Multiple independent nodes verifying every data feed.
- Built-in redundancy to prevent service failures.
- Regular security audits conducted by third-party experts.
Since its launch, RedStone has maintained a perfect track record with zero mispricing incidents, making it a trusted oracle provider for top DeFi protocols.
📌 Looking to trade RED tokens? Sign up on Binance and get early access through Binance Launchpool!
Why RedStone Stands Out
RedStone brings several key improvements to blockchain oracle technology:
- Multi-Chain Compatibility – Works across EVM and non-EVM blockchains, making it accessible for a wider range of projects.
- Customizable Data Feeds – Developers can request specialized financial data, including Liquid Restaking Tokens (LRTs), Bitcoin DeFi (BTCFi), and Real-World Assets (RWA).
- Optimized for Cost Efficiency – Uses a modular design to reduce gas fees and improve transaction speed.
- High Security Standards – Consensus-based validation ensures tamper-proof data that dApps can rely on.
How to Earn RED Tokens on Binance Launchpool
Binance Launchpool is a feature that allows users to earn new tokens for free by staking their existing cryptocurrencies. It provides a way to access new blockchain projects before they are listed for public trading.
For the RedStone (RED) launch, Binance users can stake BNB, FDUSD, or USDC in dedicated pools and receive RED tokens as rewards. The farming period will last two days, after which RED tokens will become available for Pre-Market trading on Binance.
Binance Launchpool offers:
- Early access to new tokens before they are listed on the open market.
- Zero risk to principal—users can unstake their tokens at any time.
- No additional cost—staking is free, and users keep their original tokens.
📌 Want to start farming RED tokens? Sign up on Binance now and stake BNB to earn rewards.
Steps to Farm RED Tokens on Binance Launchpool
Step 1: Register on Binance and Complete KYC
To participate in Binance Launchpool, users must have a verified Binance account. New users can register by providing an email and completing KYC verification.
📌 Click here to register and start farming RED tokens.
Step 2: Deposit or Buy BNB on Binance
Once registered, users need to deposit or purchase BNB to stake in the Launchpool. BNB is the most rewarding pool, offering 80% of the total RED token rewards.
Step 3: Stake BNB in the RED Launchpool
Navigate to the Binance Launchpool section, select the RED farming pool, and stake BNB. Rewards will start accumulating immediately and will be distributed every hour.
Step 4: Claim and Trade RED Tokens
The farming period runs from 2025-02-26 00:00 UTC to 2025-02-27 23:59 UTC. After the farming period ends, users can claim their earned RED tokens and trade them on Binance.
📌 Start staking BNB now and earn RED tokens before trading begins.
RED Token Launch Details
After farming ends, RED tokens will become available for Pre-Market trading on Binance starting February 28, 2025, at 10:00 UTC.
Key details of the RED token launch:
- Total Supply: 1,000,000,000 RED
- Launchpool Rewards: 40,000,000 RED (4% of total supply)
- Initial Circulating Supply: 280,000,000 RED (28% of total supply)
Binance Launchpool Reward Breakdown:
- BNB Pool: 80% of rewards (16,000,000 RED per day)
- FDUSD Pool: 10% of rewards (2,000,000 RED per day)
- USDC Pool: 10% of rewards (2,000,000 RED per day)
RED Token Launch and Binance Pre-Market Trading
After the Binance Launchpool farming period ends, RED tokens will enter Pre-Market trading on February 28, 2025, at 10:00 UTC. Binance Pre-Market is a special trading phase that allows users to buy and sell tokens before their official spot market listing.
This feature provides early price discovery and liquidity for new tokens, giving traders an opportunity to enter the market before the broader public. However, participation in Binance Pre-Market is subject to eligibility based on the user’s country or region of residence.
📌 Register on Binance to access Pre-Market trading and be among the first to trade RED tokens.
Upward Circuit Breaker Mechanism for RED Token
To prevent extreme price volatility in the first 72 hours of trading, Binance has introduced an Upward Circuit Breaker Mechanism for the RED token launch. This system sets a maximum allowable price limit based on the initial opening price.
The limits are as follows:
- February 28, 10:00 UTC – March 1, 09:59 UTC → Maximum price limit: 200% of opening price
- March 1, 10:00 UTC – March 2, 09:59 UTC → Maximum price limit: 300% of opening price
- March 2, 10:00 UTC – March 3, 09:59 UTC → Maximum price limit: 400% of opening price
- After March 3, 10:00 UTC → No price restrictions, normal trading resumes
This mechanism helps create a fair trading environment, preventing price manipulation and protecting early investors from excessive volatility.
📌 Sign up now to trade RED tokens with Pre-Market price protection.
Why Binance Pre-Market Trading Matters
Binance Pre-Market trading allows early access to RED tokens before they are fully listed on the spot market. This phase benefits traders by:
- Providing an opportunity to buy and sell before official spot listing.
- Helping set an early price range for the token.
- Allowing market participants to test liquidity and trading volume.
However, users should be aware of the circuit breaker limits, which will prevent rapid price surges during the first three days.
Conclusion
RedStone is a multi-chain oracle provider designed to deliver customizable, cost-efficient, and secure data feeds to decentralized applications.
With a presence across over 70 blockchain networks, it supports both EVM and non-EVM chains, offering developers a way to access real-time data with lower costs and improved security.
Binance has introduced RedStone (RED) as the 64th project on Binance Launchpool, allowing users to earn RED tokens for free by staking BNB, FDUSD, or USDC. The farming period runs for two days, from February 26 to February 27, 2025, after which the token will enter Pre-Market trading on Binance on February 28, 2025.
Binance Pre-Market provides early access to RED trading, but with circuit breaker price limits in place for the first 72 hours.
After March 3, 2025, trading restrictions will be lifted, and RED tokens will be fully available on the spot market.
Users interested in earning RED tokens before trading begins can participate by staking BNB on Binance Launchpool and claiming rewards during the farming period.
📌 Sign up on Binance now to stake BNB and start earning RED tokens.
