Binance will continue in the Redstone menu, despite the change in the allocation of Airdrop. Redstone will distribute only 5 % of the symbols, instead of 9.5 % previously announced.
Binance will still existing Redstone (red), although some delay to the table. Redstone also changed its Airdrop plans, announcing that it will only distribute 5 % of the distinctive symbol supply, not 9.5 % as it promised at first. Redstone is an Oracle solution aimed at providing timely data across 50 Blockchain. Redstone is currently being used by Eter.fi and Venus and Morfu.
On Airdrop, Binance was stuck to the initial trading release due to the change in the distribution of the distinctive symbol. Binance went through a tour of negotiations with the team, and finally decided to launch it at 16:00 UTC.
In the first few minutes after the launch, Red started immediate dumping. The code lost 7.7 % of the initial listing price, starting from $ 0.86. Soon, the loss expanded to 21 %, which pushed red to $ 0.73.
The Binance menu often leads to a slide where the primary receivers sell their distinctive symbols, with a lower repurchase plan. In the case of Red, the low Airdrop also causes society to lose enthusiasm for the project.
Red is still in the price discovery process, with the most active trading on Binance and Bybit. The distinctive code made $ 24 million of folders, although the real market depth is limited. In the first hours of its launch, the distinctive symbol may remain risky and very volatile.
Redstone has changed the conditions and provisions of Airdrop
Redston explained the change in customization that it reflects the participation of the real community. The current event named Miner Airdrop is known, which was presented for participation and not actual encryption mining. Airdrop, launched on March 5, showed that some users have received less allocations than expected, while others did not receive symbols even after completing multiple tasks.
The current Airdrop is also a TGE generation event for Redstone. The pre -superficial activities were not distinctive, most of which were required correlation With the ecosystem. Redstone will also Airdrop icons to share with a long list of other Defi ecosystem, especially Eigen. The new conditions have been shared where Binance is redesigning its plans for the start of trading.
Redstone makes immediate changes to the selection process and red Airdrop allocations.
Yesterday, the Red Airdrop auditor page started directly.
Since then, we have seen mixed feelings of our society. Many members of our society have long participated …
– Redstone Oracles ♦ ️ (@redstone_defi) March 6, 2025
After Redstone distributed 5 % of the offer, another 2 % allocated to the shareholders who were deleted in the first distribution.
The remaining 4.5 % will be distributed from the air for air in the next six months. In addition, Redstone was the Launcad 64th Binance project, where some symbols were allocated to Binance users. Launchpad has distributed Red for BNB, FDUSD and USDC since February 26.
The last specialization also revealed that most of the Redstone Airdrop fishermen did not receive a specialization, not all roles and tasks of the same weight. Even some of the participant Discord users I mentioned Their roles were not translated into Airdrop.
Redstone’s participation evaluation helped get rid of SYBIL’s attacks and robots in Airdrop cultivation. However, the members of the community left the legal community without allocating.
Redstone has dedicated most of the distinctive symbols for the first supporters
The first supporters will receive the largest share of red symbols, up to 31.7 %. RED will have the maximum supply of 1B distinctive symbols 280 m Currently, based on Coingecko data.
Redstone raised a total of 40 million dollars in many financing rounds, and the involvement of investors and owners. Only in January, Redstone joined the Binance Launchpad to add the final round of liquidity and present the distinctive symbol. The project received money from the founder of AAVE Stani Kulechov, as well as from Coinbase Ventures, Aber Group, Blockchain Capital and I am free.
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