Binance Launchpool in-depth analysis: RedStone(RED) mining income and participation guide
Binance, the world's leading cryptocurrency exchange, offers investors an opportunity to participate in the issuance of high-quality new coins and receive rewards through pledge. This article will explore Binance Launchpool in depth, focusing on yield analysis and participation methods of the latest project RedStone (RED).
1. Introduction to Binance Launchpool
Binance Launchpool is a new currency issuance platform. Users only need to pledge supported cryptocurrencies (such as BNB or stablecoins) to obtain new project tokens for free. This is similar to a deposit item with a limited term:
2. Calculation and distribution of income
Launchpool rewards are distributed proportionally: Personal reward = (Personal pledge / Total pledge) × New currency release per hour. Factors that affect mining income include:
This RedStone event is pledged by BNB, USDC, and FDUSD, and each asset corresponds to an independent prize pool.
3. RedStone activity allocation quota
Mining Pool | Daily Airdrop Cap (RED) | Total Allocation Quota (RED) | Percent | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
USDC Pool | 2,000,000 | 4,000,000 | 10% | ||||||||||||||||||||
FDUSD Pool | 2,000,000 | 4,000,000 | 10% | ||||||||||||||||||||
BNB Pool | 16,000,000 | 32,000,000 | 80% | ||||||||||||||||||||
|
20,000,000 | 40,000,000 | 100% |
FDUSD is a dollar stablecoin issued by First Digital Trust. Users can exchange it through Binance trading pairs (such as FDUSD/USDT).
IV. Participate in Launchpool teaching
Step 1: Prepare a Binance account and complete KYC certification
Registering a Binance account and completing KYC authentication is a prerequisite for participating in Launchpool.
Step 2: Enter Launchpool homepage and invest assets
Step 4: Receive the income
The income is settled every hour and can be collected at any time. After receiving it, no more accumulated income will be accumulated.
Step 5: Sell RED coins
RED coins can be sold in the pre-market trading market (18:00 on February 28, 2025, Taiwan time zone).
5. Return Analysis
(The data needs to be updated according to the actual situation here, the following is an example)
VI. Introduction to RedStone Project
RedStone is an emerging oracle project that provides data services for DeFi applications. Its advantages include:
7. Risk warning
8. FAQs
I hope the above information can help you better understand the Binance Launchpool and RedStone projects. Be sure to carefully assess the risks before participating.
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