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RED
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Último preço (USDT)
342.06K
Volume de trading em 24h (USDT)
1.50M
Volume total (USDT)
2025-02-27 10:00:00 ~ 2025-03-06 12:30:00
Data da operação (UTC+0)
2025-03-06 14:00:00 ~ 2025-03-06 18:00:00
Data da entrega (UTC+0)
Oferta total280.00M
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Apresentação
RedStone is a modular oracle supporting 140+ clients including Morpho, Pendle, Spark, Venus, Ethena, Etherfi, Lombard and many more. While RedStone is live on 70+ chains including the upcoming ones like Monad, Berachain, MegaETH, Unichain, it also ensures further innovation on established ecosystems i.e. Ethereum or Base. Thanks to RedStone reliable infrastructure DeFi teams can build their solutions withought limiatations met with legacy oracle providers. As the only oracle RedStone provides both Push and Pull oracle model cross-chain.
Arrington Capital-Backed RedStone Launches RED Token on Ethereum
Last updated: March 6, 2025 14:28 EST RedStone, a blockchain oracle provider backed by Arrington Capital, announced on Thursday the launch of its native token, $RED, on the Ethereum network. 1/ $RED has been listed for trading on Binance. RED is be live on every major Centralized Exchange, including: Bybit, Bitget, Kraken, KuCoin, Gate, HTX, MEXC and more are coming. — RedStone Oracles ♦️ (@redstone_defi) March 6, 2025 In a press release shared with CryptoNews, the firm said the token is designed to secure and decentralize RedStone’s oracle infrastructure by allowing staking, enhancing economic security, and introducing a sustainable oracle economy. “The introduction of the $RED token marks a crucial step toward decentralizing our oracle infrastructure while reinforcing the security and reliability of DeFi applications,” said Marcin Kazimierczak, co-founder of RedStone. “By integrating staking through RedStone AVS on EigenLayer, we align incentives for data accuracy and expand the potential of what oracles can achieve,” said Kazimierczak. Stakers Earn Rewards in $RED The staking model will allow both data providers and token holders to participate in securing the network. Data providers stake $RED to guarantee the reliability of the price feeds they supply, while token holders stake directly within the RedStone AVS to further reinforce network security. In return, $RED stakers will receive rewards from RedStone data users across multiple blockchain networks, with payouts in widely adopted assets such as ETH, BTC, SOL, and USDC. This structure creates a incentive system for active participants in the ecosystem. To encourage widespread adoption and community participation, RedStone said it has allocated 10% of the total 1 billion $RED tokens for the Community & Genesis distribution. This initiative includes targeted airdrops to reward early supporters, partners, and active contributors who have played a role in RedStone’s rapid growth. RedStone Launches Bitcoin Staking Oracles In October, RedStone launched Bitcoin staking oracles to enhance DeFi protocols on platforms like Ethereum, Avalanche, and Polygon. This allows Bitcoin holders to stake their assets in decentralized finance (DeFi) by delivering real-time data for liquid staking. In July, RedStone raised $15 million in a funding round led by Arrington Capital , supporting its expansion efforts. The firm provides data feeds to blockchains and layer 2 technologies compatible with the Ethereum Virtual Machine (EVM).
RedStone Launched RED Token – Miner Airdrop Is Live
Key Points RedStone announced that the RED Miner Airdrop is live and users can claim their tokens. Binance announced that it suspended the RED listing today. RedStone launched its token called RED today and the team behind the project also announced the Miner RED Airdrop program via X. RedStone is a modular blockchain oracle that’s available on more than 70 chains and supports over 1,250 assets. RED Token Launched Today According to the team behind the project, RED went live on Uniswap and CEXs earlier. Previously it was announced the RED token was going to be launched today by Binance, but the exchange suspended the listing, according to a last-minute announcement . Until today, interested traders were able to trade RED on the Binance Pre-Market before orders were removed automatically after trading on the Pre-Market ceased. Besides Binance, Coinbase, Bybit, KuCoin, and Gate.io are among the other crypto exchanges that have launched Pre-Markets for the coin. RED is currently trading at $0.83, after peaking above $0.98 earlier. RED price in USD today The coin’s market cap is currently listed above $231 million on CMC. The team at RedStone announced its airdrop earlier. RED Miner Airdrop is Live RedStone announced that users can claim their RED tokens, being able to stake them to secure RedStone AVS (Actively Validated Service) and the future of blockchain oracles. RedStone via X After users claim their RED tokens on the official claim page of the project, they will be prompted to stake in RedStone AVS – powered by the Eigen layer. Stakers earn RED rewards and partner incentives, with real yield from RedStone data users planned in the future, according to the team behind the project. Why RED Staking is Special RedStone also highlighted that RED staking is special because it pioneers the “truly sustainable oracle tokenomics.” Users can stake RED tokens via the following ways: EigenPie to receive liquid staking mRED Natively via the EigenLayer app 10% of RED’s Total Supply – Distributed to the Community RedStone founder and COO, Marcin Kazmierczak recently said that under the RedStone Community and Genesis allocation, 10% of RED’s total 1 billion supply will be distributed to the community via claim activities over time. This portion will reportedly recognize the important role played by the community in the project’s long-term success. The tokens will be distributed via carefully designed airdrops to reward: Early supporters Partners Active participants involved in the project’s growth The remaining tokens will be distributed as follows: 10% are set for protocol development. 20% are set for core contributors. 4% are set for Binance Launchpool. 24,3% are set for the ecosystem and data providers. 31.7% are set for early backers. What is RED? The RedStone blockchain is different from other traditional oracle networks like Chainlink. Its modular blockchain oracle doesn’t push data on-chain by default, but its gas-efficiency keeps data off-chain and delivers it on-demand when needed for transactions. RED is the foundation of the RedStone ecosystem, which claims to be the fastest-growing blockchain oracle. Staked RED accrues value as RedStone scales to secure thousands of blockchains and trillions of dollars in DeFi and on-chain finance, according to official notes from the team via X. The project’s COO also said that the RED token opens new possibilities for deeper security, and decentralization within the network while establishing a unit of incentivization for participants in the ecosystem. Staking allows the alignment of data accuracy and expansion of the oracles’ true potential.
RedStone (RED) Price Prediction 2025-2030: Can RED Reach New Highs in the Coming Years?
RED is consolidating within key resistance at $0.61-$0.62, with a breakout potentially pushing the price toward $0.70-$0.75 in mid-2025. If RED holds above $0.60, a bullish reversal could lead to a projected high of $1.38 by the end of 2025. Failure to maintain strong support near $0.55-$0.60 may result in price fluctuations before a renewed uptrend. RedStone (RED) is the native cryptocurrency of the RedStone Oracle network, a decentralized platform designed to provide secure and reliable data feeds to smart contracts across various blockchain ecosystems. RedStone’s modular architecture allows it to support over 70 blockchains, including major platforms like Ethereum, Avalanche, and Polygon, as well as emerging ecosystems such as Berachain and Story. The RED token serves multiple purposes within the ecosystem, including transaction fees, staking, and governance. Staking RED enhances network security, as both data providers and token holders can stake their tokens to participate in the network’s operations and earn rewards. These rewards are paid in widely adopted assets like ETH, BTC, SOL, and USDC, creating an innovative value accrual mechanism aimed at sustainable oracle economics. In February 2025, Binance announced that RedStone (RED) would be the next project on its Launchpool platform, allowing users to farm RED tokens by staking BNB, FDUSD, or USDC. A total of 40,000,000 RED tokens (4% of the total supply) were allocated for this initiative. Pre-market trading of RED commenced on February 28, 2025, at 10:00 UTC, with the trading pair RED/USDT available on Binance. Table of contents RedStone (RED) Price Prediction 2025-2030 Overview RedStone (RED) Price Prediction/Analysis 2025 RedStone (RED) Price Prediction for 2026 RedStone (RED) Price Prediction for 2027 RedStone (RED) Price Prediction for 2028 RedStone (RED) Price Prediction for 2029 RedStone (RED) Price Prediction for 2030 FAQs RedStone (RED) Price Prediction 2025-2030 Overview Year Low Price ($) Average Price ($) High Price ($) 2025 $0.55 $1.25 $1.38 2026 $1.35 $1.52 $1.60 2027 $1.85 $2.25 $2.30 2028 $2.40 $2.70 $2.85 2029 $2.50 $2.80 $3.00 2030 $3.00 $3.40 $3.50 RedStone (RED) Price Prediction/Analysis 2025 RedStone (RED) price analysis 2025 (Source: TradingView ) Based on the given support and resistance levels in the chart, RED is currently consolidating within a tight range, indicating a potential breakout in the future. The key resistance levels near $0.61 and $0.62 need to be breached for a sustained upward movement, while the lower support zone around $0.59 is critical for maintaining bullish momentum. If the price holds above $0.60, a breakout toward $0.65-$0.70 could be expected in the mid-term. For 2025, RED is projected to trade within the following price range: Year Low Price ($) Average Price ($) High Price ($) 2025 $0.55 $1.25 $1.38 This prediction accounts for potential price surges driven by increased adoption and liquidity. If RED successfully breaks above the $0.70-$0.75 resistance range, the projected high of $1.38 could be tested by the end of 2025. However, if the price struggles to maintain its current support, it may fluctuate between $0.55-$0.60 before initiating a bullish reversal. RedStone (RED) Price Prediction for 2026 In 2026, RED is expected to continue its upward momentum, trading within a range of $1.35 to $1.60, with an average price of $1.52. This growth may be fueled by increasing adoption, higher liquidity, and a strong support base above the $1.25 level. If RED successfully surpasses $1.60, it could pave the way for further gains in the following years, reinforcing its position as a potential high-growth asset. RedStone (RED) Price Prediction for 2027 By 2027, RED could see a significant price appreciation, reaching a low of $1.85, an average of $2.25, and a peak of $2.30. As market demand grows and more investors enter the space, RED’s trading volume may increase, leading to more stable price action. A breakout beyond $2.30 could indicate a new long-term bullish cycle, provided that market conditions remain favorable. RedStone (RED) Price Prediction for 2028 The year 2028 could bring further expansion for RED, with projected price levels between $2.40 and $2.85, averaging $2.70. Increased utility, adoption in decentralized applications, and integration with blockchain ecosystems could drive sustained demand. If the asset maintains a firm support base above $2.40, it may enter price discovery mode, setting the stage for $3.00+ levels in subsequent years. RedStone (RED) Price Prediction for 2029 In 2029, RED may experience moderate but steady growth, with prices expected to range between $2.50 and $3.00, averaging $2.80. This phase could mark a transition from speculative trading to broader institutional interest. If resistance at $3.00 is breached, RED may see stronger market confidence, potentially leading to even higher valuations in the following years. RedStone (RED) Price Prediction for 2030 By 2030, RED is projected to trade within $3.00 to $3.50, with an average price of $3.40. As blockchain adoption accelerates across various industries, RED could solidify its market position. If bullish momentum continues, a breakout beyond $3.50 may initiate a new growth cycle, further driving long-term investment interest in the asset. FAQs What is RedStone (RED) and its use case? RedStone (RED) is the native token of the RedStone Oracle network, providing secure data feeds for smart contracts across multiple blockchains. What factors could influence RED’s price in 2025? Adoption of the RedStone Oracle network, Binance Launchpool exposure, and market liquidity will play key roles in determining RED’s price. What is the predicted price range for RED in 2025? RED is expected to trade between $0.55 and $1.38, with an average price of $1.25. What resistance levels does RED need to break in 2025? The key resistance levels are $0.61-$0.62, followed by $0.70-$0.75 for a potential bullish breakout. What are the critical support levels for RED in 2025? RED must hold above $0.55-$0.60 to sustain its bullish momentum and avoid extended consolidation. Can RED reach $1.50 by the end of 2025? While $1.50 is an optimistic target, breaking past $1.38 would require strong market demand and sustained adoption. How does staking impact RED’s long-term value? Staking RED secures the network and provides rewards, creating a sustainable token economy that could support price appreciation. Will Binance’s Launchpool listing affect RED’s price? Yes, Binance exposure increases liquidity and investor interest, potentially driving higher demand and price appreciation. What is the long-term forecast for RED beyond 2025? RED could reach $3.50 by 2030 if adoption continues and institutional investors enter the market. Is RED a good investment for the long term? RED’s growing utility in blockchain data services and staking rewards make it a strong long-term project, but price movements depend on broader market conditions. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
RED trading volume hikes 2000% as sell pressure mounts after airdrop criteria expansion
RedStone token’s trading volume is up over 2000% after the airdrop restructuring. According to RedStone’s (RED) recent official announcement on X , it has recently made a major change to the RED airdrop selection process and distribution. RedStone launched the first Miner airdrop with 5% of the total token supply, distributing it to users who met the original criteria. However, after reviewing feedback and participation, RedStone decided to allocate an additional 2% of the total RED supply from its “ecosystem and data providers” pool. The eligibility rules were expanded to include more participants, and selections were based on “proof of participation,” meaning users who were able to prove their involvement in the community or ecosystem could qualify for the additional airdrop tokens. The extra 2% was made available for claiming on March 6. RedStone is making immediate changes to the selection process and allocations for the RED airdrop. Yesterday, the checker page for the RED airdrop went live. Since then, we've seen mixed emotions from our community. Many longstanding members of our community have shared their… — RedStone Oracles ♦️ (@redstone_defi) March 6, 2025 Following the airdrop restructuring and the inclusion of more participants, RedStone’s trading volume hiked by over 2000% in the last 24 hours (currently at $237 million), according to Coinmarketcap . At the same time, RED price is down by 14% over the same period. Such a massive spike in trading volume coupled with the decline in price suggests that the airdrop claimants are selling off, putting downward pressure on the price. Apart from airdrop restructuring, RedStone also announced that an additional 4.5% of the “community and genesis” tokens would be distributed six months following the Token Generation Event, with a formal announcement to come. The airdrop will be available to projects utilizing RedStone’s price data sources and will be distributed to users participating in pools secured by RedStone price data. Other big RedStone news today is its listing on Binance for spot trading, which was reinstated after it had been suspended due to the last-minute airdrop changes. Additionally, RedStone perpetual contracts went live on Orderly and Bitmex .
RedStone adjusts RED airdrop distribution, adding 2% to compensate missed community members
On March 6th, in response to community concerns, RedStone announced adjustments to the selection process and distribution of the RED airdrop. RedStone has decided to allocate an additional 2% of the total supply of RED from "ecosystem and data providers" on top of the original 5% Miner airdrop, to compensate for contributors who were missed in the initial airdrop. Eligibility for the additional airdrop has been reassessed, and qualified users will be determined based on collected proof of participation. This 2% allocation will be available for claim starting on March 7, 2025, at 00:00 (Beijing time). Additionally, RedStone plans to allocate another 4.5% of RED, total supply, to support DeFi projects using the RedStone price oracle in the 6 months following the TGE (September 6, 2025), and these projects will further distribute to their ecosystem users. Current eligible projects include Euler, Gearbox, Pendle, Venus, Fraxlend, Evaa, Angle, and many other DeFi platforms.
Research Report | In-Depth Analysis of the RedStone & RED Token Market Value
1. Project Introduction RedStone is a modular blockchain oracle, similar to Chainlink and Pyth Network, designed to provide efficient and cost-effective data feeds. It has been deployed across more than 70 blockchains and supports over 140 leading DeFi projects, including Morpho, Pendle, Spark, Venus, Ethena, and Etherfi. RedStone stands out as the only cross-chain data provider that simultaneously supports both Push and Pull oracle models. Additionally, it integrates EigenLayer AVS for on-chain validation, optimizing gas costs while maintaining security and significantly enhancing scalability. Functionally, RedStone offers extensive adaptability, delivering precise data for BTC staking, yield-bearing stablecoins, Liquid Staking Tokens (LSTs), Liquidity Restaking Tokens (LRTs), and various DeFi protocols. Even under extreme market conditions, it ensures low-latency, high-frequency data updates. For instance, during the $2 billion DeFi liquidation event in February 2024, RedStone reportedly pushed 119,000 updates within 24 hours, with ETH/USDC price updates surpassing Chainlink by 30%, ensuring more accurate market feedback. RedStone is also leading in market expansion. In 2024 alone, it onboarded over 100 top-tier clients and expanded to more than 30 emerging blockchains, driving its Total Value Secured (TVS) to new highs. Unlike Chainlink, which primarily focuses on the Ethereum ecosystem, RedStone strategically targets emerging blockchain networks such as Monad, Berachain, MegaETH, and Unichain while maintaining strong integrations with Layer 2 ecosystems like Base, Arbitrum, and Optimism. 2. Project Highlights The Only Modular Oracle Supporting Both Push Pull Models RedStone is the only oracle solution that simultaneously supports both Push and Pull models. Unlike traditional oracles, it provides flexible data retrieval methods tailored to different DeFi protocol requirements. The Push model is ideal for low-frequency applications like on-chain lending and stablecoins, while the Pull model is optimized for high-frequency use cases such as derivatives, options, and perpetual contracts. This approach significantly reduces gas costs while ensuring faster and more accurate data transmission. Rapid Expansion into Emerging Blockchains, Covering 70+ Ecosystems RedStone has integrated with over 70 blockchains, including major networks like Ethereum, Base, and Arbitrum, while also pioneering adoption in emerging ecosystems such as Monad, Berachain, MegaETH, and Unichain. Unlike traditional oracles that primarily focus on the EVM ecosystem, RedStone offers broader cross-chain compatibility and future scalability, delivering efficient and secure data feeds across both DeFi and Layer 2 ecosystems. AVS Integration for Enhanced Data Validation and Cost Efficiency By leveraging EigenLayer AVS (Actively Validated Services), RedStone enhances data validation through off-chain computation, maintaining data security while significantly reducing gas costs compared to traditional oracles. This innovative approach allows RedStone to provide high-frequency data updates more cost-effectively, ensuring the stability of DeFi protocols, particularly during periods of market volatility. Industry-leading Data Update Speed for Precise Pricing During Extreme Market Conditions RedStone excels in maintaining real-time accuracy, even during volatile market events. Reports indicate that during the $2 billion DeFi liquidation event in February 2024, RedStone pushed 119,000 updates within 24 hours, with ETH/USDC price updates exceeding Chainlink by 30%. By delivering faster and more precise market prices, RedStone plays a crucial role in stabilizing DeFi trading and liquidation mechanisms, giving it a competitive edge. 3. Market Valuation Expectation As a modular blockchain oracle, RedStone’s valuation can be compared to major industry players such as API3, PYTH, and Chainlink. 4. Tokenomics Total RED Supply: 1 billion tokens Current Circulating Supply: 280 million tokens Token Allocation and Vesting: Community Genesis: 10% (Distributed to the community through initial claim events) Protocol Development: 10% (Supports essential research and development) Core Contributors: 20% (Rewards team members who drive protocol development) Ecosystem Data Providers: 28.3% (Fuels innovation and community growth) Early Supporters: 31.7% (Rewards investors who backed RedStone’s growth) Token Utility: Payment for Oracle Services: Protocols using RedStone must pay fees in RED tokens. Staking and Governance: Users can stake RED tokens to participate in governance and network security. Ecosystem Incentives: Tokens are used to reward data providers, developers, and contributors. 5. Team Funding Team Information: RedStone was co-founded by Jakub Wojciechowski (Co-founder CEO) and Marcin Kaźmierczak (Co-founder COO). The project began in 2020 when Jakub shared his vision for a new type of oracle with Marcin, inviting him to join in disrupting the oracle market. Marcin accepted without hesitation, leading to the birth of RedStone. Today, RedStone has grown into a 28-member team, emerging as one of the fastest-growing oracle providers in 2024. It delivers high-reliability and high-accuracy data services for renowned DeFi projects such as Pendle, Venus, and Lido. Marcin’s contributions to cryptocurrency and Web3 development earned him recognition as one of Poland’s "30 Under 30" rising talents. Funding: RedStone has successfully raised over $22 million across three funding rounds: Seed Round (August 30, 2022): Raised $7 million, led by Lemniscap, with participation from Coinbase Ventures, Blockchain Capital, and others. Angel Round (May 22, 2023): Secured backing from prominent figures, including Stani Kulechov (Aave), Sandeep Nailwal (Polygon), Emin Gün Sirer (Avalanche), and others. Series A (July 2, 2024): Raised $15 million, led by Arrington XRP Capital, with participation from Spartan Group, IOSG Ventures, Kenetic Capital, Amber Group, and others. 6. Potential Risks Competition from Established Oracle Providers: Chainlink, Pyth, Tellor, and other oracle providers already dominate the market. Whether RedStone can continue expanding and attracting more DeFi protocols remains uncertain. Reliance on Underlying Blockchains: RedStone depends on networks like Ethereum, Solana, and Base. If these blockchains experience congestion, high gas fees, or outages, RedStone’s data transmission could be affected, potentially impacting service stability. 7. Official Links Website: https://www.redstone.finance/ Twitter: https://x.com/redstone_defi Telegram: https://t.me/redstonefinance/
RedStone adjusts the RED airdrop allocation, adding an additional 2% quota to compensate omitted community members
On March 6, in response to community concerns, RedStone announced adjustments to the selection process and distribution of RED airdrops. RedStone decided to allocate an additional 2% of the total RED supply from "ecosystem and data providers" on top of the original 5% total supply for Miner airdrops, as compensation for contributors overlooked in the initial airdrop. The eligibility for receiving additional airdrops has been reassessed and qualified users have been determined based on collected participation proofs. This 2% share will be available for collection starting at 00:00 (UTC+8) on March 7, 2025. In addition, RedStone plans to distribute another 4.5% of RED six months after TGE (September 6, 2025), with the total supply used to support DeFi projects using RedStone's price oracle. These projects will further distribute it among their ecosystem users. Current eligible projects include multiple DeFi platforms such as Euler, Gearbox, Pendle, Venus, Fraxlend, Evaa, Angle etc. RED trading is still ongoing on all platforms and RedStone stated that they will continue optimizing community incentive mechanisms in future.
RedStone announces that RED token airdrop and staking are now open
DeFi oracle RedStone announced the opening of RED token airdrop application and staking. Stakers can receive RED rewards and partner incentives, and plan to earn real profits from RedStone data users in the future.
RedStone announces that it has opened the airdrop application and staking for RED tokens
DeFi oracle RedStone has announced that it has opened the airdrop claim and staking for RED tokens. Stakers can receive RED rewards and partner incentives, and plans to gain real profits from RedStone data users in the future.
RedStone "False Advertising"? Anger Erupts as Only 4,000 out of 230,000 Community Members Receive Airdrop
Original Title: "Only 4000 Qualified Addresses, Has RedStone's Airdrop Angered the Masses?" Original Author: Alex Liu, Foresight News On the evening of March 5th, RedStone initiated its airdrop query. Since its pre-market listing on Binance on February 28th, RED has hit Binance's latest circuit breaker for 3 consecutive days, breaking above $1.40 after the price limit was removed, and is now trading at $0.87 with a market cap of $34 million and a fully diluted market cap of $860 million. As the latest Launchpad project on Binance, RedStone saw significant participation in its airdrop event, garnering attention in the community. Known for its low-cost reputation as a price oracle provider, the project has not experienced any major pricing errors since its launch and has received support from notable investment firms such as Coinbase Ventures and Blockchain Capital. However, this shining star's reputation took a nosedive in the community after the launch of the airdrop query page last night, with some netizens even labeling it a "scam project." But why? Looking at its tokenomics, a 10% community airdrop allocation is not considered low and does not seem to be the root of the issue. On social media platforms, community members have provided feedback that they participated in multi-year tasks (such as mining activities in Seasons 1-3, over a hundred tasks on Zealy, Lunar New Year events, etc.) but still did not receive the airdrop. In RedStone's official statement, the author found the answer. Only those with specific roles in the RedStone Discord are eligible to receive tokens! Qualified roles include Vein Master, Deep Miner, Professor, IRL (participated in offline events), etc., and the proportion of RedStone Discord's nearly 230,000 community members with any of these roles is less than 2%! Merely offering a small amount of tokens may not have angered community users to this extent (RedStone DC has now activated "slow mode" due to excessive criticism), but the actual reward mechanism being inconsistent with the project's promotion has led many users to feel that their efforts were in vain, which is likely the crux of the issue. In past promotions, the project team exclaimed, "Your points will be the key basis for future airdrops!" However, in reality, the top 10 holders in the RSG Points ranking, including the 5th and 7th places, were disqualified from receiving RED tokens because they did not have a Discord role. Out of more than 170,000 people on the leaderboard, only 2296 addresses were eligible. With around 200,000 members in the entire community, only about four thousand people ultimately met the airdrop criteria, with many users receiving only a few hundred tokens. The distribution logic appeared to be very "selective" compared to other mainstream projects in the market. Data Source: @OshinoAJ_eth So what truly sparked the anger of community members is that RedStone's event design was full of intense "PUA" style marketing: by continuously releasing tasks to attract user participation, it created an illusion of "as long as you are diligent enough, you can receive rewards." In reality, there were invisible barriers in the threshold setting, causing many ordinary users who invested a significant amount of time and resources to be excluded at the last moment. This goes against industry norms. Other airdrop projects in the industry usually focus more on the broad participation of users in the distribution mechanism. In dYdX's airdrop event, tens of thousands of participating and eligible users generally receive a certain amount of governance tokens; and in projects like Optimism, their airdrop rules are clear, fair, and transparent, aiming to encompass a larger number of ecosystem users. In contrast, RedStone's "special role" threshold appears too narrow, making it difficult to incentivize long-term community activity and trust. Conclusion The project team may have attempted to achieve a more sophisticated incentive mechanism in airdrop distribution, ensuring that core users receive a higher percentage of rewards. However, this approach undoubtedly overlooks the contributions and expectations of the broader participants. In the long run, airdrops are not only a means to attract users as a promotional tool but also a crucial indicator of project governance transparency and ecosystem health. The current controversy undoubtedly sounds an alarm for the entire industry: only by establishing a fair, open, and reasonable incentive distribution mechanism can users truly feel the value of participation and thus drive the continuous prosperity of the entire ecosystem. Original Article Link
RedStone goes live with Miner airdrop lookup page, will be available for pickup on March 6
On 5 March, according to the official blog, DeFi Prophecy Machine RedStone has launched the airdrop enquiry page, users can go to verify the qualification, and the airdrop collection will be opened at 20:00 on 6 March.
Blockchain oracle RedStone launches RED token, enabling staking and paving the way for multi-asset rewards
Blockchain oracle solution provider RedStone has officially launched its RED token on Ethereum, designed to help secure and decentralize RedStone's oracle data delivery infrastructure by enabling staking. Under RedStone's Community and Genesis allocation, 10% of RED's total 1 billion supply will be distributed to the community through claim activities over time, RedStone co-founder and COO Marcin Kazmierczak told The Block. "That portion will recognise the crucial role the community plays in RedStone’s long-term success. These tokens will be distributed via carefully designed airdrops to reward early supporters, partners and active participants involved in RedStone's growth," Kazmierczak said. A claims checker for the first airdrop went live on Wednesday, enabling "RedStone Expedition" participants to check their allocations ahead of Thursday's token generation event. The initiative was a community engagement and reward program launched in late 2023, where participants earned "RedStone Gems," a points-based system, through activities like onchain interactions, content creation and official Discord roles. However, of the entire community of about 200,000 members, only around 4,000 met the conditions for receiving the airdrop, Foresight News reported . Of the remaining tokens, 10% are set aside for protocol development, 20% for core contributors, 4% for Binance Launchpool, 24.3% for ecosystem and data providers and 31.7% for early backers. Each category has a varying release schedule of up to 48 months, according to the project's tokenomics page. RED token unlock schedule. Image: RedStone . RED was trading for around $0.84 on Binance pre-market ahead of spot trading going live. With an initial circulating supply of 280 million RED , that would imply a market cap of around $235 million and a fully diluted valuation of $840 million. RED's 1 billion supply is fixed, hard coded in a non-upgradeable contract, Kazmierczak confirmed. Coinbase, Bybit, KuCoin and Gate are among the other crypto exchanges that have launched pre-markets for RED in recent weeks. "Notably, RED pre-market on Coinbase was 4th of its kind on that platform, following EigenLayer, MagicEden and Story Protocol," Kazmierczak said, adding that many of those are expected to transition to spot markets upon launch. Enabling multi-asset staking yields Oracles provide crucial price data for DeFi applications, but their security depends on the accuracy and reliability of their data providers. "The launch of RED will be a pivotal moment in the process of decentralizing RedStone's oracle infrastructure and accelerating RedStone towards becoming the most technologically advanced, scalable and economically sustainable blockchain oracle," Kazimierczak said. Once claimed, RED can be staked by token holders and data providers in RedStone's EigenLayer Actively Validated Service (AVS), leveraging EigenLayer's restaking protocol to bolster the security and reliability of its data feeds. RED can be staked directly through EigenLayer or using Mega DAO Magpie for liquid staked mRED, the project explained. "The RED token opens new possibilities for deeper security and decentralization within the RedStone network while establishing a unit of incentivization for participants in the RedStone ecosystem, via implementation of RedStone AVS that can tap into billions of dollars staked in EigenLayer for additional cryptoeconomic security," Kazimierczak added. "By introducing staking for token holders via RedStone AVS on EigenLayer, the system aligns incentives for data accuracy and expands the scope of what oracles can achieve." The exact staking yield is yet to be determined, but rewards will initially be in a form of RED tokens, with future potential for EIGEN and other assets, Kazimierczak told The Block. "As the system matures, RED stakers will earn rewards from RedStone data users across hundreds of blockchains, paid in widely adopted assets like ETH, BTC, SOL and USDC," he claimed. Kazmierczak also confirmed that there are no plans to add a governance function to RED. What is RedStone? Unlike traditional oracle networks like Chainlink, RedStone's modular blockchain oracle does not push data onchain by default. Instead, its gas-efficient design keeps data off-chain and delivers it on-demand when needed for transactions. RedStone claims to have added 72 partnerships over the past year, now supporting more than 70 chains, including Ethereum, Base, Avalanche, TON and Polygon, providing price feeds to DeFi protocols, including Morpho, Pendle, Spark, Moonwell and Venus. RedStone currently has a Total Value Secured of $6.4 billion , according to DeFiLlama data, placing it as the fourth-largest behind Chainlink, Chronicle and Pyth. In July 2024, RedStone announced it had raised $15 million in a Series A funding round led by Arrington Capital, with participation from Kraken Ventures, White Star Capital, Spartan Group, Amber Group, SevenX Ventures and IOSG Ventures, among others.
RedStone has launched an airdrop query page, and the airdrop collection will be open tomorrow
The DeFi oracle RedStone has launched an airdrop query page, where you can check by entering your wallet address. The airdrop will be available from 20:00 tomorrow. RedStone stated that 48.3% of its RED supply is allocated for ecosystem development, with 10% specifically used for community and genesis activities, including this first airdrop, as well as allocations for future participation and ecosystem support.
[Initial Listing] Bitget Will List RedStone (RED) in the Innovation, DeFi and Web3 Zone!
We are thrilled to announce that RedStone (RED) will be listed in the Innovation, DeFi and Web3 Zone. Check out the details below: Deposit Available: Opened Trading Available: 6 March 2025, 13:00 (UTC) Withdrawal Available: 7 March 2025, 14:00 (UTC) Spot Trading Link: RED/USDT Introduction RedStone is a modular oracle supporting 140+ clients including Morpho, Pendle, Spark, Venus, Ethena, Etherfi, Lombard and many more. While RedStone is live on 70+ chains including the upcoming ones like Monad, Berachain, MegaETH, Unichain, it also ensures further innovation on established ecosystems i.e. Ethereum or Base. Thanks to RedStone reliable infrastructure DeFi teams can build their solutions withought limiatations met with legacy oracle providers. As the only oracle RedStone provides both Push and Pull oracle model cross-chain. Contract Address (ERC20): 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de Website | X | Telegram How to Buy RED on Bitget Fee Schedule Price & Market Data 7-Days Limited-time Buy Crypto Offer: Buy RED with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
RedStone Oracle Now Available on Sui Network, Providing On-Chain Pricing Support for Bitcoin DeFi Applications
Golden Finance reported that the DeFi oracle RedStone is now available on the Sui network, providing BTC holders with stronger lending and staking opportunities. Developers can now use real-time and reliable price oracles to provide accurate on-chain pricing support for Bitcoin-based DeFi applications.
RedStone Oracle Now Available on Sui Network, Providing On-Chain Pricing Support for Bitcoin DeFi Applications
The DeFi oracle RedStone is now live on the Sui network, providing BTC holders with stronger borrowing and staking opportunities. Developers can now use real-time reliable price oracles to provide accurate on-chain pricing support for Bitcoin-based DeFi applications.
RedStone (RED): The Key to Reliable, Scalable Data in the Web3 World
What is RedStone (RED)? RedStone (RED) is a modular oracle network designed to deliver fast, secure, and cost-effective data feeds to both EVM and non-EVM compatible blockchains. RedStone's unique architecture allows it to scale efficiently, providing customizable data streams that cater to the diverse needs of modern DeFi protocols. RedStone offers one of the most sophisticated oracles in the blockchain space, known for its deep pricing discovery, speed, and high data quality. Trusted by over 130 clients, including top DeFi protocols, RedStone operates on more than 70 blockchains and supports 1,250+ assets. RedStone’s technology stack includes an extensive range of data providers, such as RedStone GUARD, and is backed by rigorous audits from leading security firms like Halborn, PeckShield, and Cantina. The platform’s modular architecture allows it to scale effortlessly, providing secure and fast data feeds for any asset. With a track record of delivering low-latency, high-reliability price feeds, RedStone is capable of processing data at the speed required by high-performance blockchain applications. The oracle’s operational excellence has resulted in over $8.6 billion in assets protected, making it a go-to choice for large DeFi projects and enterprises. Who Created RedStone (RED)? RedStone was founded by a team of seasoned professionals with extensive experience in blockchain technology and software development: ● Jakub Wojciechowski: As the Founder and CEO, Jakub leads RedStone's strategic direction. Before establishing RedStone in August 2020, he co-founded Alice, a platform focused on social impact projects. Jakub has also served as a Blockchain Architect at Akropolis.io and a Smart Contracts Auditor at Zeppelin Solutions, showcasing his deep expertise in blockchain solutions. ● Marcin Kazmierczak: Co-Founder and Chief Operating Officer, Marcin oversees RedStone's operations. He is also a co-founder of ETHWarsaw, a prominent blockchain conference, and has been recognized in Forbes' 30 Under 30 list in Poland for his contributions to the tech industry. ● Alex Suvorov: Serving as Co-Founder and Senior Software Development Engineer, Alex brings a wealth of experience in software engineering. He has worked as a Freelance Full-Stack Engineer with Toptal and founded codenplay.io, a platform dedicated to teaching coding through interactive methods. Alex's diverse background enriches RedStone's technological advancements. What VCs Back RedStone (RED)? RedStone's innovative approach has attracted significant investments from leading venture capital firms and industry stakeholders such as Arrington Capital, Blockchain Capital, Coinbase Ventures, SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, and more. How RedStone (RED) Works At the core of RedStone’s offering is its decentralized oracle system, which provides real-time data to blockchain applications. Let’s break down how this system works in simple terms. 1. Data Collection and Aggregation RedStone collects data from multiple off-chain sources. These could include price feeds, weather data, sports scores, or any other type of information that is required by DeFi applications. The data is aggregated and processed before being sent to the blockchain. This ensures that the data is accurate, up-to-date, and reliable. 2. Data Transmission via Oracles After the data is processed, it is transmitted to the blockchain using RedStone’s oracle network. Oracles act as intermediaries that take off-chain data and bring it on-chain for smart contracts to use. RedStone’s EVM-compatible oracle supports a wide range of blockchains, making it versatile and compatible with popular ecosystems like Ethereum, Binance Smart Chain, and Polygon. 3. Smart Contract Integration RedStone’s oracle can be easily integrated into smart contracts on the blockchain. For example, a DeFi protocol might use RedStone’s price feed to trigger specific actions, like liquidating a position if the value of an asset falls below a certain threshold. The data provided by RedStone is used to trigger these actions automatically, ensuring that the protocol operates smoothly and according to its rules. 4. Decentralized and Secure RedStone’s network is decentralized, meaning that it doesn’t rely on a single entity to provide the data. Instead, multiple validators or nodes in the network help verify the accuracy of the data, ensuring that it is trustworthy and not manipulated. This decentralization makes RedStone more secure and less vulnerable to attacks or single points of failure. 5. Smart Contract SDK RedStone’s Smart Contract SDK allows developers to integrate decentralized data directly into their applications. This SDK is particularly useful for developers building on the Arweave Layer 1 blockchain, providing tools for creating interactive NFTs, data-driven solutions, and even machine learning models that rely on real-time data. RED Goes Live on Bitget RedStone Oracle is revolutionizing the way decentralized applications access and use data. With a strong team of experienced founders, backing from top-tier venture capital firms, and a decentralized oracle system that provides accurate and real-time data, RedStone is paving the way for the next generation of Web3 and DeFi applications. Trade RED, the native token of RedStone, on Bitget to support the new era of reliable and decentralized data for Web3. RED on Bitget Pre-Market RED is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 27 February, 2025 To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. For detailed instructions on how to use Bitget Pre-Market, please read Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading Get RED on Bitget Pre-Market now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
DeFi Oracle RedStone Oracles has been integrated into World Chain
DeFi oracle RedStone Oracles announced that it has been integrated into World Chain. BlockBeats previously reported that on October 18, 2024, Sam Altman-backed Worldcoin officially changed its name to World Network (abbreviated as World), and its Layer2 network World Chain mainnet has been launched, with the blockchain built using OP Stack.
Bitget pre-market trading: RedStone (RED) is set to launch soon
We're thrilled to announce that Bitget will launch RedStone (RED) in pre-market trading. Users can trade RED in advance, before it becomes available for spot trading. Details are as follows: Start time: 27 February, 2025, 10:00 (UTC) End time: 6 March, 2025, 12:30 (UTC) Spot Trading time: 6 March, 2025, 13:00 (UTC) Delivery Start time: 6 March, 2025, 14:00 (UTC) Delivery End time: 6 March, 2025, 18:00 (UTC) Pre-market trading link: RED/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient spot balances will be filled with corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be triggered immediately. At the project's delivery end time, the system will either deliver or compensate any remaining undelivered orders. USDT settlement For orders under the USDT Settlement mode, all delivery will be executed at the delivery end time of the project. The delivery time for the pre-market project will be announced once the coin's spot listing time is confirmed. Stay tuned to relevant notifications and announcements for the latest information. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last ten minutes as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction RedStone is a modular oracle supporting 140+ clients including Morpho, Pendle, Spark, Venus, Ethena, Etherfi, Lombard and many more. While RedStone is live on 70+ chains including the upcoming ones like Monad, Berachain, MegaETH, Unichain, it also ensures further innovation on established ecosystems i.e. Ethereum or Base. Thanks to RedStone reliable infrastructure DeFi teams can build their solutions withought limiatations met with legacy oracle providers. As the only oracle RedStone provides both Push and Pull oracle model cross-chain. RED Total supply: 1,000,000,000. Website | X | Telegram FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? Coin Settlement orders: Sellers can choose to either deliver the tokens or compensate with security deposit before the delivery execution. Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient coin balances will be filled with the corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be trigger immediately.At the delivery end time of the project, the system will settle all remaining orders, either through buy delivery or compensation. If there is a sufficient balance, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account as payment. Otherwise, the transaction will be canceled. In this case, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen security deposit. USDT Settlement orders: All deliveries will be executed at the project's delivery end time. Orders are settled at the average index price over the last ten minutes, which serves as the delivery execution price. Profits and losses are calculated based on the difference between the execution price and the delivery execution price. The losing party will pay the difference to the winning party. Note: 1) The system will execute deliveries in chronological order based on the transaction time of the orders. If you have both buy and sell orders in Coin Settlement mode, the quantities cannot offset each other. Please ensure that your spot account has a sufficient available balance for the sell orders at the time of delivery. Orders with insufficient balance will be treated as the seller's default. 2) For coin settlement orders, only tokens available in your spot account will be used for delivery. Tokens frozen in pending orders or held in other accounts will not be used for delivery. 3) The delivery is expected to be completed within one hour. To mitigate the risk of delivery failure due to insufficient funds, the seller of coin settlement orders should refrain from any transactions involving the delivery currency within 30 minutes after the delivery initiation. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
The total supply of RedStone (RED) is 1 billion, with an initial circulation of 28%
The project details for RedStone (RED) show that the total/max supply of tokens is 1,000,000,000 RED. The initial circulation is 280,000,000 RED (28.00% of the total token supply), and the total amount in Launchpool is 40,000,000 RED (4% of the maximum token supply).
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