Earn Free Money With Binance Launchpool #64: RedStone Project

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What Is Binance Launchpool?

Binance Launchpool lets you earn free tokens by simply staking your crypto assests. It is similar to placing your gold or money into a vault and, upon returning to open it, magically finding more wealth than what you had originally stored. Users do not have to trade in complex ways or partake in heavily goal-oriented activities. Supporting cryptocurrencies such as BNB, FDUSD, or USDC, can be staked and will guarantee growth of assets with no effort.

Why It’s Awesome:

✅ Free tokens – your staking cryptocurrencies work for you,
💸 Extremely low risk – unstake anytime, and stable coin (USDC, FDUSD) makes this a stress-free investment
⚡️ Daily rewards – Rewards are funded straight to your wallet.

Everything You Need To Know About Binance Launchpool #64?

The featured project of Launchpool #64 is RedStone (RED), which is a next generation modular blockchain oracle network. RedStone aggregates price feeds from both Centralized Exchanges (CEXs), Decentralized Exchange (DEXs), and ensures ultra low latency data delivery for Decentralized Finance (Defi) protocols.

Key Points about this Launchpool #64:

Project: RedStone (RED)
Total Supply: 1,000,000,000
Launchpool Reward: 40,000,000 (4% of Total Supply), divided into 3 pools:
- BNB pool: 32,000,000 (80% of reward pool)
- FDUSD pool: 4,000,000 (10% of reward pool)
- USDC pool: 4,000,000 (10% of reward pool)
Farming period: 2 days (from 00:00 UTC Feb 26th 2025 to 23:59 UTC Feb 27th 2025)
Initial Circulating Supply: 280,000,000 (28% of Total Supply)
Blockchain: Ethereum
Smart Contract: 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de

What is RedStone project?

A very good analogy is when you want to bake a cake, but lack fresh ingredients, thus relying on pre-packed ingredients. The dessert is definitely less than appealing. Likewise, analytics based off untrusted or inaccurate information capture data in the realm of DeFi can lead to unsatisfactory results. RedStone is a blockchain project that aims to provide fresh, accurate data directly from the DeFi kitchen in order to ensure that all financial ‘recipes’ are perfect.

Features at a Glance of RedStone

Modular Design: RedStone provides custom price feeds in data management across 70 plus blockchains, through RedStone’s design that allows greater flexibility than most systems.
Actively Validated Services (AVS): Utilizing AVS through restaking mechanisms, RedStone enhances the security and reliability of its data feeds, making it a preferred choice for developers.
Support for Emerging Assets: RedStone is one of the first oracles to introduce support for Liquid Restaking Tokens (LRTs) and Liquid Staking Tokens (LSTs), showing true potential in the ever-evolving world of DeFi.

RedStone’s Positioning Sector

What is the standing of Redstone vs the primary competitors in the highly competitive space of blockchain oracles? Let’s analyze the data triangulated from several sources.

Feature/Provider	RedStone	Chainlink	Pyth Network
Data Sources	Aggregates from CEXs and DEXs	Primarily centralized sources	Focuses on high-quality, low-latency data from trading firms
Supported Chains	Over 70 blockchain networks	Extensive, with a focus on Ethereum and its layer 2 solutions	Primarily Solana, expanding to other chains
Unique Offerings	Modular architecture, AVS for enhanced security, support for LRTs and LSTs	Established reputation, wide adoption, extensive developer tools	Specializes in high-frequency trading data, low-latency feeds
Security Approach	Actively Validated Services through restaking mechanisms	Decentralized network of nodes	Data sourced directly from trading firms for authenticity

Note: This is a comparison done based on accessible information as at February 2025.

Recent Developments

In July 2024, Redstone closed a 15 million dollar series A funding round with Arrington Capital leading the round together with notable investors including SevenX, IOSG Ventures, and Kraken Ventures. This round is targeted towards building out the team and accelerating the development of Redstone’s oracles solutions.

Additionally, Redstone recently integrated EigenLayer’s shared security platform, becoming the first major oracle to deploy an AVS API after the integration. This advance improves the security and reliability of the data feeds further increasing Redstone’s standing as an orcale provider.

Why Choose RedStone?

Flexibility: RedStone is able to adapt to various DeFi applications because cross-chain integration using RedStone is seamless due to its modular structure.
Security: Ensuring the validity of data being processed through restaking mechanisms improves security with the implementation of Actively Validated Services.
Comprehensive Data: From both centralized and decentralized services, RedStone aggregates data, which caters to diverse DeFi needs, thereby offering a holistic view.

Conclusion

Like planting seeds that grow into a cryptocurrency money tree, Binance Launchpool #64 lets you farm your assets and earn free RED tokens while your original crypto sits untouched. With daily rewards and zero risk of losing your principal, it’s a no-brainer for crypto enthusiasts.
In the fast-paced world of DeFi, having access to reliable, real-time data is key. RedStone’s innovative approach with blockchain oracles not only solves existing problems, but also enables future progress in the decentralized ecosystem. From developers to investors, following RedStone’s strides may provide the joy of discovering a secret ingredient for that special dish.

Disclaimer: This article is for informational purposes only and does not serve as formal financial or investing advice. Always Do Your Own Research before making any investment decisions.