RedStone(RED) RedStone (RED) on Binance Launchpool and Price Cap Mechanism for Binance Pre-Market

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Binance is excited to announce the 64th project on Binance Launchpool - RedStone (RED), a multi-chain oracle across EVM and non-EVM chains. The webpage is estimated to be available in 12 hours, before the Launchpool starts.

Users will be able to lock their BNB, FDUSD, and USDC to receive RED airdrops over two days, with farming starting from 2025-02-26 00:00 (UTC).

Pre-Market:

Binance Pre-Market will then list RED at 2025-02-28 10:00 (UTC) and open pre-market trading for the RED/USDT trading pair. Pre-Market end time and spot listing time will be announced at a later date. Please stay tuned for our upcoming announcement. Participation in Binance Pre-Market is subject to eligibility based on the user's country or region of residence.

Price Cap Mechanism for Binance Pre-Market

To continue innovating and enhancing the trading experience for our users, Binance is introducing enhanced features for Binance Pre-Market - Price Cap Mechanism.

Price Cap Mechanism limits the maximum trading price to a certain percentage of the initial opening price for the first 72 hours of trading in Pre-Market. After the initial 72 hours, there will be no price restrictions, and trading will resume as normal.

Please note that this Price Cap Mechanism is being trialed for the RED token launch and it is yet to be determined if this will be an ongoing feature of future Pre-Market.

Pre-Market Details:

Maximum Holding Limit per User: 5.000 RED
Price Cap Mechanism Rules:

2025-02-28 10:00 (UTC) - 2025-03-01 09:59 (UTC): Maximum allowable price limit is 200% of the initial opening price

2025-03-01 10:00 (UTC) - 2025-03-02 09:59 (UTC): Maximum allowable price limit is 300% of the initial opening price

2025-03-02 10:00 (UTC) - 2025-03-03 09:59 (UTC): Maximum allowable price limit is 400% of the initial 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 (28.00% of total token supply)
Smart Contract / Network Details: Ethereum Network (0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de)
Launchpool Terms will apply. Users are required to complete KYC to Binance's satisfaction.
Hourly Hard Cap per User:

66.666 RED in BNB pool

8.333 RED in FDUSD pool

8.333 RED in USDC pool

Read about RedStone (RED) in our research report here, which will be available within 24 hours of publishing this announcement.

Supported Pools:

Lock BNB (webpage will be available in around 12 hours): 32.000.000 RED in rewards (80%)
Lock FDUSD (webpage will be available in around 12 hours): 4.000.000 RED in rewards (10%)
Lock USDC (webpage will be available in around 12 hours): 4.000.000 RED in rewards (10%)
Farming Period: 2025-02-26 00:00 (UTC) to 2025-02-27 23:59 (UTC)