RedStone is the 64th project on Binance Launchpool and the first oracle to adopt a modular design, addressing key limitations of traditional oracles. This article explores RedStone’s features, tokenomics, and ecosystem in detail.
What Is RedStone?
RedStone is a next-generation oracle solution designed to deliver fast, reliable, and cost-efficient off-chain data to decentralized applications (dApps) and smart contracts. Unlike legacy oracles, RedStone overcomes challenges like slow speeds, high costs, and limited cross-protocol compatibility.
👉 Discover how RedStone’s modular architecture works
Key Innovations
- Modular Design: Supports multiple blockchains, including Layer-1, Layer-2, EVM chains, and non-EVM networks like Starknet, TRON, and Near.
- Scalability: Separates data collection from distribution for seamless multi-chain integration.
RedStone’s Key Features
1. Unique Data Feeds
RedStone specializes in DeFi-tailored data for:
– Liquid Restaking Tokens (LRTs)
– Bitcoin DeFi (BTCFi)
– Real-World Assets (RWA)
Each feed undergoes multi-layered validation, including anomaly detection, market depth analysis, and cross-source variance checks.
2. Multi-Chain Data Distribution
- Deploys identical price feeds across 70+ blockchains without modifying core infrastructure.
- Uses a pull-based model (RedStone Core) for on-demand data and a push-based model (RedStone Classic) for continuous updates.
👉 Explore RedStone’s multi-chain capabilities
3. Security & Reliability
- Decentralized validation nodes ensure data integrity.
- Redundant backup systems guarantee uptime during outages.
RedStone’s Oracle Models
| Model | Use Case | Key Benefit |
|---|---|---|
| RedStone Core (Pull) | DEXs, lending platforms | Cost-efficient, transparent |
| RedStone Classic (Push) | Stablecoins, asset management | Continuous data without user triggers |
| RedStone X | Perpetuals, options, prediction markets | Ultra-low latency (<1s) |
Team & Investors
Core Team
- Jakub Wojciechowski: Founder & CEO
- Marcin Kazmierczak: Co-Founder & COO
- Alex Suvorov: Co-Founder
- Matt Gurbiel: Head of Business Development
Backers
Raised $22M from Spartan, YZi Labs, Coinbase Ventures, and Blockchain Capital.
Tokenomics (RED)
Token Details
| Metric | Value |
|---|---|
| Name | RedStone |
| Symbol | RED |
| Blockchain | Ethereum |
| Total Supply | 1,000,000,000 RED |
Allocation
- Community & Genesis: 10%
- Protocol Development: 10%
- Core Contributors: 20%
- Ecosystem & Data Providers: 28.3%
- Early Backers: 31.7%
Vesting: 70% unlocks over 4 years post-TGE.
Use Cases
- Staking: Secure the network via RedStone AVS.
- Governance: Future protocol upgrades.
RedStone on Binance Launchpool
- Duration: Feb 26–28 (UTC+7).
- Rewards: 40M RED (4% of supply) for BNB, FDUSD, and USDC stakers.
- Listing: Post-Launchpool, RED trades on Binance Pre-Market starting Feb 28.
FAQ
1. How does RedStone differ from Chainlink?
RedStone’s modular design allows multi-chain deployment without restructuring, while Chainlink relies on per-chain node setups.
2. What chains does RedStone support?
Over 70 networks, including Ethereum, Solana, Starknet, and Near.
3. Is RED token inflationary?
No—fixed supply of 1B tokens, with gradual unlocks.
4. Can RED be staked?
Yes, for securing RedStone’s Active Validation Service (AVS).
5. What’s RedStone X?
A low-latency oracle for derivatives, offering sub-second updates.
6. Who invested in RedStone?
Major backers include Coinbase Ventures and Blockchain Capital.
Conclusion
RedStone’s modular oracle tackles DeFi’s data needs with scalability, security, and cross-chain agility. Its Binance Launchpool debut and robust tokenomics position RED as a key player in the oracle space.