What is RedStone(RED) coin?

RED token is the native utility token of the RedStone network and plays a key role in the development of decentralized oracle infrastructure. It is used to strengthen network security through staking, incentivize participants to provide high-quality data, and provide opportunities to participate in platform governance.

What is RedStone (RED) coin? RedStone (RED) coin is an oracle focused on providing data for blockchain applications, especially in the field of decentralized finance (DeFi); RedStone supports multi-chain operations, covering EVM and non-EVM blockchains, ensuring its flexibility and wide applicability; in addition to common oracle functions, RedStone also provides customized data delivery services, allowing DApps to flexibly obtain data according to specific needs, which is rare in traditional oracles.

RedStone Blockchain Oracle, RedStone is a blockchain oracle provider that provides modular and flexible solutions to provide reliable data feeds for more than 70 blockchain networks (including L1, L2, non-EVM networks) while optimizing transaction fee costs. The project raised $15 million from Arrington Capital and launched a data verification service on EigenLayer.

RedStone is the 64th project to be listed on Binance New Coin Pool. Starting from 00:00 UTC on February 26, 2025, for two days, users can stake BNB, FDUSD and USDC to earn RED tokens, with a total reward of 40 million tokens (4% of the total supply). RED/USDT pre-market trading will start at 10:00 UTC on February 28.

RED is the utility token of the infrastructure decentralized platform, supporting the RedStone economic model through staking and rewards. Let's take a closer look at the features of the project and how to earn RED tokens.