Cours de Redstone

RedStone is a blockchain oracle that provides secure and fast price feeds for decentralized finance (DeFi) applications. It supports over 1,250 assets, including major tokens and memecoins. 

RedStone operates on more than 70 blockchain networks, making it versatile for various projects. Its modular design allows easy integration with both EVM and non-EVM chains. Since its launch in 2021, RedStone has maintained a strong security record without any mispricing incidents. Leading DeFi protocols trust RedStone for reliable data. 

RedStone's RED token is an ERC-20 token on the Ethereum network. It will also be available on Solana, Base, and other networks after the Token Generation Event (TGE).

RED aims to decentralize RedStone's oracle infrastructure and enhance security. You can stake RED to support the network and earn rewards in assets like ETH, BTC, SOL, and USDC. 

Learn more about Redstone (RED) tokenomics in our research report.

RedStone operates as a modular blockchain oracle, delivering high-frequency data feeds to decentralized applications (dApps). It gathers off-chain data from various sources, such as centralized and decentralized exchanges. 

This data is then signed by RedStone nodes to ensure authenticity and stored in the Data Distribution Layer (DDL). Relayers fetch this data from the DDL and push it on-chain, making it accessible to smart contracts. 

RedStone's architecture supports multiple data consumption models, including push and pull mechanisms, allowing seamless integration with various blockchain networks.

RedStone, founded by Marcin Kaźmierczak, began its journey in 2021. In May 2023, RedStone secured an exclusive Angel Round, attracting support from industry leaders like Stani Kulechov (Aave & Lens Founder), Sandeep Nailwal (Polygon Co-Founder), and Emin Gün Sirer (Avalanche Co-Founder). 

This funding aimed to enhance RedStone's modular oracle solutions and expand its presence across various blockchain networks. Throughout 2023, RedStone achieved significant milestones, including launching on multiple networks and integrating with top-tier protocols. 

Looking ahead, RedStone plans to further decentralize its oracle infrastructure, introduce new data delivery models, and support emerging blockchain ecosystems.

RedStone's RED token serves multiple purposes within its ecosystem:

1. Staking for Network Security: By staking RED tokens, you help secure RedStone's oracle infrastructure and, in return, earn rewards in assets like ETH, BTC, SOL, and USDC.

2. Decentralization: Holding and staking RED tokens contributes to the decentralization of RedStone's services, enhancing the network's resilience and trustworthiness.

3. Pre-Market Trading Opportunity: Before the official token launch, you can trade Redstone tokens on platforms like KuCoin's Pre-Market. This allows you to secure RED tokens ahead of their official listing on the spot market.

RedStone's RED token has a total supply of 1 billion tokens, distributed across five main categories:

1. Community & Genesis (10%): These tokens reward early supporters and active participants through airdrops, recognizing their role in RedStone's growth.

2. Protocol Development (10%): Allocated to fund ongoing research, development, and operational needs, ensuring the protocol's sustainability.

3. Core Contributors (20%): Reserved for the team members who built and continue to enhance RedStone, aligning their interests with the project's long-term success.

4. Ecosystem & Data Providers (28.3%): Supports builders, innovators, and data providers through grants and incentives, fostering community-driven initiatives and high-quality data delivery.

5. Early Backers (31.7%): Designated for initial financial and strategic supporters, with tokens locked and vested to ensure their continued commitment.

At the Token Generation Event (TGE), 30% of the total supply will be in circulation, while the remaining 70% will unlock over four years, promoting long-term stability and growth.

RedStone has announced plans for an airdrop of its RED tokens to reward early supporters and active participants. While specific details about eligibility criteria and distribution methods are yet to be fully disclosed, you can prepare to participate by:

1. Engaging with RedStone's Ecosystem: Interact with RedStone's platforms and services to increase your activity within their ecosystem.

2. Staying Informed: Regularly check RedStone's official channels, such as their blog and website, for updates on the airdrop.

3. Following Social Media: Keep an eye on RedStone's social media accounts for announcements regarding the airdrop.

By actively participating and staying updated, you'll be well-positioned to take advantage of the upcoming RED token airdrop.