What are the rules for airdropping token distribution?

Redstone (RED) airdrop is coming. Of the 1 billion RED tokens, 0.7% is used for airdrops and adopts a phased distribution model. Some are issued during token generation events (TGEs), and the rest will be gradually unlocked in the next four years to stabilize the market. This airdrop is mainly conducted through platforms such as Binance Exchange, and BNB holders can participate in Binance Launchpool's mining activities to obtain RED tokens. Redstone is an innovative multi-chain oracle that supports more than 70 blockchains and more than 1,250 assets. It has strong cross-chain interaction capabilities and reliability. It has cooperated with many well-known DeFi protocols. When participating in Redstone airdrops, you need to carefully evaluate risks and make reasonable investments.

Redstone (RED) What are the rules for airdrop token distribution?

In the cryptocurrency field, airdrop activities can often attract widespread attention from the market. The airdrop of the Redstone (RED) project has attracted the attention of many investors. For participants, it is crucial to understand the distribution rules of their airdrop tokens, which not only affects their own returns, but also affects investment decisions. Before exploring the distribution rules, let’s take a deep dive into the charm of the Redstone (RED) project.

Redstone (RED) In-depth interpretation of the project

Project background and development history

Redstone is an innovative multi-chain oracle across EVM and non-EVM chains. Since its operation in 2021, it has achieved outstanding results. It successfully supports over 70 blockchains with assets covering more than 1250. This wide coverage allows both mainstream cryptocurrencies and emerging niche digital assets to obtain accurate price data support with Redstone, providing key data services for various blockchain projects and investors. In terms of financing, it has received three rounds of financing, and the support of many well-known investors fully demonstrates its project potential and development prospects.

Analysis of project advantages

1. Technical Advantages

Strong cross-chain interaction capabilities
• : Supports more than 70 chains, which enables it to interact efficiently with various types of blockchains, realizes rapid data transmission and sharing, and meets the diversified needs of different blockchain projects in data interaction.

Wide asset coverage coverage
• : Covering more than 1,250 assets, it provides a wealth of data choices for investors and project parties at different levels. Whether investors focusing on large cryptocurrencies or participants focusing on niche digital assets, they can benefit from Redstone's services.

Excellent reliability
• : Since its launch, there have never been any failed or wrong pricing incidents. This provides market participants with great confidence in the volatile cryptocurrency market, ensuring the stability and accuracy of various transactions and applications based on their data.

Advanced modular architecture: allows easy integration of new assets, not only reduces the latency of data transmission, but also provides strong support for seamless expansion of decentralized applications (dApps). At the same time, it provides two data transmission modes: pull and push, which provide users with more flexibility and autonomy.

2. Market-level advantages

Significant customer growth trend
: In 2024, Redstone established partnerships with more than 100 new customers and released related applications on more than 30 chains. It has a total locked value (TVS) of more than $6.8 billion, rapidly rising to become the second largest multi-chain oracle provider, showing strong market competitiveness and wide market recognition.

Strong partner lineup
: Cooperation with many well-known DeFi agreements such as Spark, Pendle, Ethena, etc. has further consolidated its position in the DeFi field, expanded its influence in the field, and brought more potential value and cooperation opportunities to users.

Detailed explanation of the distribution rules of airdrop tokens

Overall distribution framework

The total supply of RED tokens is set to 1 billion. In the entire token distribution system, the proportion of tokens used for airdrops accounts for 0.7%. This part of the airdrop tokens is not distributed to participants at one time, but has a specific distribution mechanism.

Stage distribution mode

1. Initial distribution: During the token generation event (TGE), only a portion of this part of the airdrop token is available, forming part of the initial circulation. This initially available airdrop token allows participants to experience the value brought by the Redstone project early on, while also providing a certain amount of liquidity to the market.

2. Subsequent unlock distribution: The remaining airdrop tokens will not be issued immediately, but will be distributed gradually in the future according to the established unlocking plan. Judging from the overall circulation situation, the initial circulation volume only accounts for 28%, and the remaining 72% of tokens will be gradually unlocked in the next 4 years. This phased distribution model helps stabilize the supply of RED tokens in the market and avoids large price fluctuations caused by the concentrated influx of large amounts of tokens into the market.

Distribution Platform and Conditions

This Redstone (RED) airdrop is mainly distributed through platforms such as Binance Exchange. Take Binance Launchpool as an example. BNB Holder can invest BNB in ​​the RED reward pool on the Launchpool website from 08:00 on February 26 (East Eighth Time) to participate in a two-day New Coin Mining activity. After meeting certain mining conditions and time requirements, you can obtain the corresponding RED airdrop tokens. This mechanism not only provides BNB Holder with a way to acquire RED tokens, but also increases the fun and participation of airdrop activities.

The benefits of Redstone (RED) airdrops to BNB Holder

For BNB Holder, this airdrop is a rare opportunity to add value. By participating in Binance Launchpool’s new coin mining campaign, they can invest their idle BNBs into the RED reward pool and have the opportunity to earn RED airdrop tokens during the two-day mining process. This not only enables effective utilization of assets, but also opens up new revenue channels for BNB Holder. If you want to further understand BNB-related information, you can visit: https://www.binance.com/en/bnb.

Binance Exchange: A key platform for participating in airdrop

Binance, a world-renowned cryptocurrency exchange, plays an important role in the Redstone (RED) airdrop activities.

• Register:If you do not have a Binance account yet, you can register through the Register link. Follow the prompts on the page, accurately fill in your personal information and complete the identity verification steps to have your own Binance account.
• Download: Users who want to download the Binance Exchange app can download it through the download link (Available on both Android and Apple mobile phones.

Risk warning

Although the Redstone (RED) project has many advantages, the volatility and uncertainty of the cryptocurrency market cannot be ignored. In participating in airdrop activities and subsequent token trading, investors need to fully consider the impact of factors such as market price fluctuations, cybersecurity risks, and changes in regulatory policies on asset value and trading operations. Be sure to carefully evaluate your own risk tolerance, make reasonable investment decisions, and ensure the safety of your own assets.

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