Binance has announced RedStone (RED) as the 64th project on Binance Launchpool, giving users the opportunity to earn RED tokens for free by staking BNB, FDUSD, or USDC.
The farming period starts on February 26, 2025, at 00:00 UTC and ends on February 27, 2025, at 23:59 UTC.
RedStone is a multi-chain oracle provider that delivers real-time, customizable, and cost-efficient data feeds across over 70 blockchain networks, including EVM and non-EVM chains.
The project aims to provide accurate and secure price data for decentralized applications (dApps), supporting DeFi protocols, NFT platforms, and real-world asset tokenization.
How to Earn RED Tokens on Binance Launchpool
To participate in RED token farming, users must stake BNB, FDUSD, or USDC in Binance Launchpool. The staking pools and rewards are as follows:
- BNB Pool: 32,000,000 RED (80% of total rewards)
- FDUSD Pool: 4,000,000 RED (10%)
- USDC Pool: 4,000,000 RED (10%)
Farming rewards will be distributed every hour, and users can unstake their assets at any time. BNB stakers will receive the highest share of RED rewards, making it the most rewarding pool.
After the Launchpool period ends, RED tokens will enter Binance Pre-Market trading on February 28, 2025, at 10:00 UTC. Pre-Market trading allows early access to RED before its official spot listing, with price circuit breakers in place to limit volatility:
- First 24 hours: Max price increase of 200% from opening price.
- Second 24 hours: Max price increase of 300%.
- Third 24 hours: Max price increase of 400%.
- After 72 hours: No price restrictions.
What’s Next for RED Token?
With a total supply of 1 billion RED, the initial circulating supply at launch will be 280 million RED (28% of total supply). 40 million RED tokens (4% of supply) are allocated to Launchpool rewards.
The RED farming period is only available for two days, making this a short window for users to earn tokens before trading starts. Binance Pre-Market will provide early price discovery, with the spot market listing expected to follow soon after.
