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Binance Launchpool Introduces RedStone (RED) and Upward Circuit Breaker Mechanism for Binance Pre-Market.
Binance is excited to announce RedStone (RED), a multi-chain oracle project working across both EVM and non-EVM chains, as the 64th project on Binance Launchpool.
The webpage is expected to be available within approximately 12 hours before the Launchpool starts.
Users will be able to lock BNB, FDUSD, and USDC to receive RED airdrops over two days, with farming starting at 00:00 (UTC) on February 26, 2025.
Pre-Market: Binance Pre-Market will list RED at 10:00 (UTC) on February 28, 2025, and open pre-market trading for the RED/USDT trading pair. The end time for Pre-Market and the spot listing date will be announced later. Please stay tuned for our upcoming announcements. Participation in Binance Pre-Market is subject to eligibility based on the user’s country or region of residence.
Click here to register on Binance with a 20% commission discount!
Upward Circuit Breaker Mechanism for Binance Pre-Market:
To continue providing an innovative and enhanced trading experience for users, Binance is introducing the upward circuit breaker mechanism for Pre-Market.
This mechanism limits the maximum trading price to a certain percentage of the initial opening price for the first 72 hours of Pre-Market. After the initial 72 hours, the price restrictions will be lifted, and trading will continue as normal.
Please note that this upward circuit breaker mechanism is currently being trialed for the RED token launch, and it is yet to be determined whether it will be a permanent feature for future Pre-Market operations.
Pre-Market Details:
- Maximum Holding Limit per User: 5,000 RED
Upward Circuit Breaker Rules:
- 2025-02-28, 10:00 (UTC) – 2025-03-01, 09:59 (UTC): Maximum allowable price limit is 200% of the opening price
- 2025-03-01, 10:00 (UTC) – 2025-03-02, 09:59 (UTC): Maximum allowable price limit is 300% of the opening price
- 2025-03-02, 10:00 (UTC) – 2025-03-03, 09:59 (UTC): Maximum allowable price limit is 400% of the opening price
- After 2025-03-03, 10:00 (UTC): No price restrictions for Pre-Market
RED Launchpool Details:
- Token Name: RedStone (RED)
- Total and Max. Token Supply: 1,000,000,000 RED
- Launchpool Token Rewards: 40,000,000 RED (4% of total token supply)
- Initial Circulating Supply When Listed on Binance: 280,000,000 RED (28% of total token supply)
- Smart Contract / Network Details: Ethereum Network (0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de)
Launchpool Terms apply. Users are required to complete KYC to Binance’s satisfaction.
Hourly Hard Cap per User:
- BNB Pool: 66,666 RED
- FDUSD Pool: 8,333 RED
- USDC Pool: 8,333 RED
For more information about RedStone (RED), you can refer to our research report, which will be available within 24 hours of this announcement.
Supported Pools:
- Lock BNB: 32,000,000 RED in rewards (80%)
- Lock FDUSD: 4,000,000 RED in rewards (10%)
- Lock USDC: 4,000,000 RED in rewards (10%)
Farming Period:
- 2025-02-26, 00:00 (UTC) – 2025-02-27, 23:59 (UTC)
Daily Reward Distribution (00:00:00 – 23:59:59 UTC Each Day):
- Date: 2025-02-26 – 2025-02-27
- Total Daily Rewards: 20,000,000 RED
- BNB Pool Daily Rewards: 16,000,000 RED
- FDUSD Pool Daily Rewards: 2,000,000 RED
- USDC Pool Daily Rewards: 2,000,000 RED
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