Introduction to RedStone
RedStone represents a groundbreaking advancement in oracle technology as the first modular oracle solution designed to address the limitations of traditional blockchain oracles. As the 64th project featured on Binance Launchpool, RedStone offers fast, reliable, and cost-effective off-chain data for decentralized applications (dApps) and smart contracts across multiple blockchain networks.
What Makes RedStone Unique?
Modular Architecture
RedStone's modular design separates data collection from distribution, enabling:
- Cross-chain compatibility (L1, L2, EVM, and non-EVM chains like Starknet and Near)
- Flexible deployment without infrastructure modifications
- Support for over 70 blockchain networks
Specialized Data Feeds
RedStone provides verified pricing data for:
- Liquid Restaking Tokens (LRT)
- Bitcoin DeFi (BTCFi)
- Real World Assets (RWA)
Enhanced Security Protocols
The network implements:
- Multi-layered data validation
- Independent verification nodes
- Redundant backup systems
RedStone's Oracle Models
| Model | Type | Best For | Key Feature |
|---|---|---|---|
| Core (Pull) | On-demand | DEXs, lending platforms | User-triggered data integration |
| Classic (Push) | Continuous | Stablecoins, asset management | Automatic periodic updates |
| X | Low-latency | Perpetuals, options, prediction markets | Sub-second data delivery |
Team and Backers
Leadership
- Jakub Wojciechowski: Founder & CEO
- Marcin Kazmierczak: Co-Founder & COO
- Alex Suvorov: Co-Founder
- Matt Gurbiel: Head of BD
Investors
👉 RedStone has secured $22M from:
- Spartan Capital
- Coinbase Ventures
- Blockchain Capital
- Lemniscap
RED Token Economics
Distribution
- Total Supply: 1B RED tokens
- Circulating at TGE: 280M (30%)
- Vesting: 720M (70%) over 4 years
Allocation
- Ecosystem & Data Providers: 28.3%
- Early Backers: 31.7%
- Core Team: 20%
Utility
RED tokens power network security through:
- Staking in Redstone AVS
- Governance participation
Binance Launchpool Details
- Duration: Feb 26-28, 2024
- Reward Pool: 40M RED (4% of supply)
- Staking Options: BNB, FDUSD, USDC
FAQs
Q: What chains does RedStone support?
A: RedStone currently supports 70+ chains including Ethereum, Starknet, TRON, and Near.
Q: How does RedStone ensure data accuracy?
A: Through multi-source validation, anomaly detection, and independent node verification.
Q: Where can I stake RED tokens?
A: Tokens can be staked directly in Redstone's AVS (Actively Validated Service).
Q: What makes RedStone different from Chainlink?
A: RedStone's modular design allows for more flexible, cost-efficient cross-chain deployments compared to traditional oracle models.
Q: When will RED tokens be tradeable?
A: Trading begins post-Launchpool on Binance Spot Market, with exact timing announced later.
👉 For the latest crypto innovations, stay tuned to authoritative sources. RedStone's approach could redefine how blockchains access real-world data while maintaining the decentralization ethos.