This time, the Redstone token $RED will be launched on Binance TGE! This is also the first time Binance has launched a pre-market trading limit mechanism! The first day limit is 200%, and the ban will be lifted after 3 days to avoid "the peak will be achieved when the market opens"!
Binance Launchpool participating in Redstone requires pledge of designated tokens (BNB, USDC, FDUSD)
The activity period is 48 hours: 08:00 on February 26, 2025 UTC to 08:00 on February 28, 2025 UTC ends
The rules for this pre-market daily limit:
March 1, 2025 18:00 - March 2, 2025 17:59 (East Eighth District Time): The maximum order price is 300% of the opening price
Total token supply: 1,000,000,000
$BNB Pool: 66,666 RED
$RED Token Economy
$RED Purpose: Network GAS fees, governance rights, incentive data providers, and 30% of future services are destroyed to enhance the long-term value of $RED!
Currently, there are not many oracle services that issue coins. Redstone's $RED token growth space depends on the comparison with other oracle services such as Python ($PYTH) and Chainlink ($LINK), especially the ratio of market value (Mcap) and fully diluted valuation (FDV) to total guaranteed value (TVS).
The current overall market value of the oracle market is 63 billion US dollars (63.48B), Redstone ranks fourth place
Pyth's TVS is 6.79 billion, the market value is 760 million, the FDV is 2 billion
Chainlink TVS is 34 billion, the market value is 9.8 billion, and the FDV is 15 billion
Redstone's TVS is 4.58 billion.
Reference source: Total Value Secured All Oracles
Based on the above calculations, the potential price range of $RED is as follows: the price range will fall between 1.83 and 4.71 USD
The first algorithm is used to calculate through existing TVS data and Mcap and FDV of each token
Pyth-based ratio: FDV = 0.2945 * 4.58 billion ≈ 1.349 billion US dollars
Price = 760 million/280 million≈ 271 USD
If the market value is the same as Chainlink (US$9.8 billion):
Price = 9.8 billion/280 million≈ 35 USD
If FDV is the same as Chainlink (US$15 billion):
If $RED reaches the market value or FDV of Python or Chainlink, its price may be between $2 and $35, but estimates based on TVS ratios are more realistic, so the fair value will fall between 1.35-4.71.
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Market value (billion US dollars) | Price (US dollars) | FDV (billion US dollars) | Fully diluted price (dollar) | |||||||||||||||||||||||||||||||||||||||||||||
Mcap/TVS based on Python Ratio | 5.14 | 1.84 | - | - | |||||||||||||||||||||||||||||||||||||||||||||
Mcap/TVS based on Chainlink Ratio | 13.20 | 4.71 | - | - | |||||||||||||||||||||||||||||||||||||||||||||
FDV/TVS based on Python Ratio | - | - | 13.49 | 1.35 | |||||||||||||||||||||||||||||||||||||||||||||
FDV/TVS based on Chainlink Ratio | - | - | - | 20.20 | 2.02 | ||||||||||||||||||||||||||||||||||||||||||||
with Python Same Mcap | 7.6 | 2.71 | - | - | |||||||||||||||||||||||||||||||||||||||||||||
with Python Same FDV | - | - | 20 | 2 | |||||||||||||||||||||||||||||||||||||||||||||
2 | |||||||||||||||||||||||||||||||||||||||||||||||||
with Chainlink Same Mcap | 98 | 35 | - | - | - | 150 | 15 | ||||||||||||||||||||||||||||||||||||||||||
15 |
The above is the detailed content of Redstone/RED currency listing price forecast and detailed explanation of token economics. For more information, please follow other related articles on the PHP Chinese website!