- Binance lists RedStone (RED), boosting visibility and competition against Chainlink (LINK) and Pyth Network.
- Only 28% of the RED supply floats at TGE, with early backers’ funds locked for a year.
- RED Staking Flywheel with EigenLayer offers BTC, ETH, SOL, and USDC rewards, driving long-term demand.
Binance has officially announced the listing of RedStone (RED), a decentralized oracle network, which will help the project with liquidity and overall visibility.
With the listing, RedStone becomes the latest among oracle providers to compete directly against Chainlink (LINK) and Pyth Network.
The decentralized oracle provider aims to supply off-chain data to smart contracts. This makes it valuable in DeFi, gaming, and blockchain applications. Moreover, the project is gaining attention for its upcoming mainnet launch.
Growing Demand & Binance Backing Could Boost RedStone’s Profile
RedStone’s listing happens at a time when demand for reliable oracles is on the rise.
Although Chainlink (LINK) has dominated the sector, newer entrants like RedStone have included customizable data streams and modular architecture, and now with Binance’s backing, can boost RedStone’s potential, attracting both retail and institutional investors.
Related: Binance Lists GoPlus Security (GPS) Token, Adds to HODLer Airdrop Program
Tokenomics Structure Designed for Community & Sustainable Release
In terms of the tokenomics structure, nearly half of all the token supply is dedicated to community growth. On the other hand, only 28% of the token supply will be in circulation at TGE. This ensures a linear and sustainable release over the next four years.
While venture capital (VC) funding has a major role in RedStone’s development, the project has made sure that early backer funds are locked for a full year.
This reduces the possibility of large-scale sell-offs that could create panic among retail investors. This move distinguishes RedStone from many projects that allow unrestricted VC supply, sometimes leading to major post-launch dumps.
RedStone’s Staking Flywheel Model
The RED Staking Flywheel. RedStone also states that its upcoming launch—Actively Validated Service (AVS) with EigenLayer—is a first of its kind. It uses an extra security layer supported by $14 billion in staked assets.
This staking flywheel model could drive long-term demand for RED. Token holders and data providers can stake their RED tokens, improving network security while receiving rewards.
Staking on EigenLayer will distribute earnings in major assets like BTC, ETH, SOL, and USDC. This makes it an appealing incentive for holders.
Related: Binance Announces Monthly Monitoring Tag Reviews, Enhancing Transparency for Risky Tokens
With a strong tokenomics structure, good community incentives, and an industry-leading staking model, the March 2025 mainnet launch will be its ultimate test.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
 oracle network. Will RED challenge Chainlink, Pyth? Tokenomics, staking, mainnet launch details.){kind=link}