RedStone (RED), the 64th Project on Binance Launchpool Introduces Price Cap Mechanism for Pre-Market Trading!
RedStone (RED), the 64th Project on Binance Launchpool Introduces Price Cap Mechanism for Pre-Market Trading! π
Hello Friends,
Exciting news for crypto enthusiasts! Binance is launching RedStone (RED), the 64th project on Binance Launchpool.
This multi-chain oracle operates across both EVM and non-EVM chains, bringing new possibilities for traders.
The RED Launchpool also has a USDC pool this time, and farming will only last for 2 days. After that, Pre-Market Trading will go live on Binance, where you can sell your tokens. ✅️
However, 80% of the airdrop is allocated to the BNB pool, while the remaining 20% is distributed among the other pools.
π Key Dates:
- Farming Starts: Feb 26, 2025 (00:00 UTC)
- Pre-Market Trading Begins: Feb 28, 2025 (10:00 UTC)
π° How to Participate in RED Farming?
Users can lock BNB, FDUSD, and USDC to earn RED airdrops over two days. The participation webpage will be available 12 hours before launch.
π₯ Binance Introduces a Price Cap Mechanism for Pre-Market Trading!
To enhance user experience and prevent extreme price fluctuations, Binance is introducing a new trading feature in Pre-Market.
How It Works?
For the first 72 hours, the maximum trading price is capped as follows:
- Feb 28 - Mar 1 (First 24 Hours): Max price = 200% of initial price
- Mar 1 - Mar 2 (Next 24 Hours): Max price = 300% of initial price
- Mar 2 - Mar 3 (Final 24 Hours): Max price = 400% of initial price
- After Mar 3: No price restrictions – Free market trading begins!
π‘ Note: This trial feature is exclusive to the RED token for now, and Binance will decide later if it will be implemented for future Pre-Market launches.
π Pre-Market Trading Limits
- Max Holding Limit per User: 5,000 RED
π― More About RedStone (RED):
- Total Supply: 1,000,000,000 RED
- Launchpool Rewards: 40,000,000 RED (4% of total supply)
- Initial Circulating Supply: 280,000,000 RED (28%)
- Network: Ethereum (0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de)
π₯ Who Can Join?
π Only Verified Users Can Participate!
π‘ Don’t have a Binance account yet? Sign up & verify now to unlock massive rewards! Sign up here: https://www.binance.info/activity/referral-entry/CPA?ref=CPA_00HBMU7CB5&utm
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π Exclusive Bonuses for New Verified Users
- 45% Lifetime Trading Rebate
- $10 USDT Bonus Cashback Voucher
- $600+ Vouchers on Trading
- $100 Rebate + Daily SHIB & PEPE Coin Airdrops
π― Why Join Binance?
- Earn Free Crypto (SHIB, PEPE free Memecoins Giveaway till March 14, 2025!)
- Regular Airdrops & Exclusive Giveaways
- Global Leader in Crypto & Secure Trading
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π Stay tuned for more updates!
Don't miss this exciting opportunity to trade RED before its official spot listing! π
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