RedStone (RED), a modular oracle, lists on CoinW March 6th! Trade RED/USDT and win from a 10,000 USDT prize pool. RedStone offers efficient data feeds for top blockchain projects like Story Protocol and Babylon.
CoinW, the world’s pioneering cryptocurrency trading platform, will list RedStone(RED), the fastest-growing modular oracle, on the DeFi Zone. For all CoinW users, the RED/USDT will be officially available for trading on March 6th, 2025, at 13:00 (UTC). To celebrate the listing of RED, we are launching the “ RED Bounty Program” event with a reward pool of 10,000 USDT.
RedStone: The Modular Oracle Powering Top Blockchain Projects
RedStone operates as a next-generation oracle, setting itself apart from traditional solutions like Chainlink and Pyth Network with its modular design. This innovative architecture allows it to provide on-demand, cost-efficient, and scalable data feeds for decentralized applications (dApps).
By leveraging cryptographically signed off-chain data and delivering it only when required, RedStone significantly reduces costs and latency, making it an ideal solution for high-performance dApps. The protocol has already been adopted by top-tier projects such as Story Protocol, Babylon, StakeStone, and SonicLabs, reinforcing its position as the fastest-growing oracle in the industry.
RedStone’s Upcoming TGE and Binance Launchpool Mining
RedStone recently gained widespread attention due to high expectations for its airdrop campaign before its Token Generation Event (TGE). The project is now set to launch on Binance Launchpool, where users can stake assets to mine RED tokens. The listing on CoinW comes at an exciting time, as community enthusiasm remains strong, particularly among early adopters and airdrop participants.
RED Token Utility and Tokenomics
The RED token plays a crucial role in RedStone’s ecosystem, offering multiple utilities:
- Staking & Delegation: Holders can stake and delegate tokens to data providers to earn fees and rewards.
- Restaking & LRT Utility: RED will also enable Liquid Restaking Tokens (LRTs), allowing further DeFi integrations and unlocking additional economic value, similar to stETH.
RedStone has a total token supply of 1,000,000,000 RED, with strategic allocations supporting protocol development, ecosystem incentives, and community rewards. The project has raised $22 million from top investors, including Arrington Capital, Coinbase Ventures, and leading blockchain founders from Aave, Polygon, zkSync, and Avalanche.
10,000 USDT Limited-Time Offer for CoinW Community
To celebrate the listing, 10,000 USDT equivalent RED prize pool will be up for grabs from March 6th, 2025, at 13:00 (UTC) to March 13th, 2025, at 16:00 (UTC). By participating in events such as registration, trading, and community events, CoinW users have the opportunity to share in a prize pool of 10,000 USDT.
About CoinW
CoinW is a pioneering crypto trading platform that prioritizes security, transparency, and user-centric principles. With advanced technology, deep liquidity, and a wide range of supported cryptocurrencies, the company has amassed a broad user base to become one of the world’s most secure crypto exchanges. Committed to security, transparency, and compliance, the CoinW exchange upholds the highest regulatory standards and actively contributes to the advancement of the crypto industry. To learn more about CoinW, you can visit the official website, and follow CoinW’s Twitter Account, Btok, and Telegram Group.
About RedStone
RedStone is a modular oracle platform designed to provide fast, accurate, and cost-effective data feeds for decentralized applications (dApps). Unlike traditional oracles that push data to the blockchain at fixed intervals, RedStone uses an on-demand data retrieval approach, storing cryptographically signed data off-chain and delivering it to smart contracts only when needed. This approach improves efficiency and significantly reduces costs for dApps. RedStone’s modular architecture allows for easy integration of new assets and reduced latency, enabling dApps to scale more effectively.
Media Contact
Organization: CoinW
Contact Person: Angelo Tan
Website: https://www.coinw.com/
Email: Send Email
City: Dubai
Country: United Arab Emirates
Release Id: 06032524742
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