KEY TAKEAWAYS
- Binance launches its 64th project, RedStone (RED), on Binance Launchpool, compatible with both EVM and non-EVM chains.
- Users can lock BNB, FDUSD, and USDC to receive RED airdrops, with farming starting on February 26, 2025.
- A new circuit breaker mechanism will limit RED’s trading price increases during the first 72 hours post-launch.
- Participation in the Launchpool and Pre-Market trading is subject to regional restrictions and requires KYC verification.
Binance has announced the launch of its 64th project on Binance Launchpool, featuring RedStone (RED), a multi-chain oracle compatible with both EVM and non-EVM chains. The announcement, made here, outlines the details of the upcoming token launch and trading schedule.
Users will be able to lock their BNB, FDUSD, and USDC to receive RED airdrops over a two-day period, with farming commencing on February 26, 2025. The Pre-Market trading for the RED/USDT pair will begin on February 28, 2025, at 10:00 (UTC), with the spot listing time to be announced later. Participation in the Pre-Market is subject to regional eligibility.
Pre-Market Trading and Circuit Breaker Mechanism
Binance is introducing an upward circuit breaker mechanism for the RED token launch, which will limit the maximum trading price to a certain percentage of the initial opening price for the first 72 hours. This mechanism is being trialed for the RED token and may not be a permanent feature.
During the first 72 hours, the maximum allowable price limit will increase incrementally: 200% of the initial price on the first day, 300% on the second, and 400% on the third. After March 3, 2025, there will be no price restrictions, and trading will continue as usual.
Launchpool and Token Details
The total token supply for RedStone (RED) is set at 1,000,000,000, with 40,000,000 RED allocated as Launchpool rewards. The initial circulating supply upon listing will be 280,000,000 RED. Users must complete KYC verification to participate in the Launchpool.
The farming period will run from February 26 to February 27, 2025, with daily rewards distributed across BNB, FDUSD, and USDC pools. Each pool has specific hourly hard caps and users can unlock their funds at any time without delay.
Binance emphasizes that participation in the Launchpool and Pre-Market is subject to regional restrictions, with several countries excluded from participation. Users are advised to refer to the original announcement for the most accurate and up-to-date information.
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 token with Pre-Market trading starting February 28, 2025. Learn more about the Launchpool details.){kind=link}