Essential Highlights
- Binance has introduced RedStone (RED) as the latest addition to its Launchpool, marking it as the 64th project and providing users with an innovative multi-chain oracle solution.
- The farming stage for RED tokens kicked off on February 26, 2025, enabling users to stake BNB, FDUSD, and USDC to earn RED tokens.
- On February 28, 2025, Binance initiated Pre-Market trading for RED, preceding its formal spot listing.
Introduction of RedStone (RED) on Binance Launchpool
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Binance has officially unveiled RedStone (RED) as the latest entrant to its Launchpool, presenting a fresh avenue for users to engage with a sophisticated multi-chain oracle solution. RedStone is crafted to deliver scalable and dependable data feeds across both EVM and non-EVM blockchains, significantly enhancing the performance of decentralized finance (DeFi) applications.
The farming phase on Binance Launchpool for RED tokens commenced on February 26, 2025. This allows users to stake popular cryptocurrencies like BNB, FDUSD, and USDC to receive attractive RED rewards.
Launch of Pre-Market Trading for RED on Binance
Binance rolled out Pre-Market trading for RED on February 28, 2025. This offering allows users to trade RED/USDT before its official spot listing. The Pre-Market phase provides traders with a strategic opportunity to buy and sell RED with reduced price fluctuations prior to the open market launch.
Price Stabilization Strategy for RED Pre-Market Trading
To maintain price stability during the initial trading phase, Binance has implemented a Price Cap Mechanism for the first 72 hours of Pre-Market trading:
| Time Period (UTC) | Max Price Increase (%) |
|---|---|
| Feb 28, 10:00 – Mar 1, 09:59 | 200% of the opening price |
| Mar 1, 10:00 – Mar 2, 09:59 | 300% of the opening price |
| Mar 2, 10:00 – Mar 3, 09:59 | 400% of the opening price |
| After Mar 3, 10:00 | No restrictions |
Additionally, Binance has imposed a maximum holding limit of 5,000 RED per user during the Pre-Market phase. Trading on Binance, including Pre-Market sessions, can result in increased trading fees due to heightened volatility and market activity. New users can mitigate these costs by signing up with a Binance referral code to receive up to 20% off trading fees and unlock additional perks.
Reasons to Trade RED on Binance
Choosing a secure and high-liquidity platform is vital when trading new tokens, and Binance stands out as a leading choice for both novice and seasoned traders alike. With extensive liquidity, competitive fees, and top-notch security, Binance offers an ideal environment for trading RED and other emerging assets. If you’re contemplating trading on Binance, a comprehensive review of its features—covering security, fees, and trading options—is available for your consideration.
Advantages of Trading RED on Binance
- Early Trading Access – Binance Pre-Market offers users the chance to trade RED ahead of its official spot listing, allowing early market entry.
- Deep Liquidity – Boasting over $25 billion in daily trading volume, Binance ensures smooth order execution with minimal price slippage.
- Competitive Trading Fees – Binance provides some of the industry’s lowest fees, starting at 0.1% for spot trading, with additional discounts available.
- Robust Security – Employing multi-factor authentication, cold storage, and AI-driven risk monitoring, Binance safeguards user funds effectively.
- Diverse Trading Options – Traders can select from spot, margin, and futures trading, tailoring strategies to suit prevailing market conditions.
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