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Earlier today, RedStone amended the terms of its RED token airdrop without warning, causing Binance to suspend its listing. This caused the price to crash dramatically amidst community feedback, but the project soon responded.
In a dramatic turn of events, Binance, the world's leading cryptocurrency exchange, has suspended the highly anticipated listing of Redstone's RED token.
Blockchain oracle Redstone faces community backlash and a Binance listing suspension following a controversial reduction in its RED token airdrop allocation. From 9.
TL;DR RedStone launched the RED token on Ethereum to strengthen the security and decentralization of its oracle infrastructure. 10% of the total supply will be distributed to the community through airdrops, with only 4,000 participants eligible for the first event. Before launch, RED reached a price of $0.
RedStone, a blockchain oracle provider, has launched its native token, RED, designed to enhance the security and decentralization of its oracle infrastructure.
Stakers will initially earn rewards in RED, with future potential for other assets like ETH, BTC, SOL and USDC.
Cryptocurrency exchange Binance issued a vital announcement surrounding RedStone (RED) on Wednesday, capturing noteworthy market attention globally. The crypto exchange behemoth revealed that it is ending ‘pre-market trading and opening spot trading' for the token shortly ahead.
