Get to Know about RedStone $RED Tokenomics: Pioneering the Next Era of Blockchain Oracle Technology

The launch of RED marks a significant milestone in the evolution of RedStone’s oracle infrastructure, ushering in a new era of decentralization, security, and economic sustainability.

With this pivotal move, RedStone aims to establish itself as the most advanced and scalable blockchain oracle, laying the foundation for securing trillions of dollars in decentralized finance (DeFi).

Introducing RED: The Token Driving Decentralization

Source: redstone.finance

RED is set to revolutionize RedStone’s economic and security framework. Designed as a staking-based utility token, RED facilitates deeper decentralization and strengthens economic incentives for participants in the RedStone ecosystem.

By leveraging RedStone’s integration with EigenLayer’s Actively Validated Services (AVS), RED enhances economic security within the oracle network.

Key Features of RED

1. Ticker: RED

2. Max Supply: 1,000,000,000 RED

3. Float at TGE: 28%

4. Token Standard: Ethereum Network (ERC-20)

5. Lock-up Period: 72% of RED initially locked, unlocking over four years

Staking RED will allow both data providers and token holders to contribute to RedStone’s security infrastructure. In return, RED stakers will earn rewards in widely adopted assets such as ETH, BTC, SOL, and USDC, creating a self-sustaining economic model.

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Why Blockchain Oracles Matter

Blockchain oracles serve as the backbone of decentralized applications (dApps), ensuring that critical external price data is securely and reliably integrated into blockchain ecosystems. Without dependable oracles, the scalability and security of DeFi would be severely compromised.

While early blockchain oracles were designed for single chains like Ethereum and Solana, today’s vastly expanded ecosystem requires modular solutions that can cater to the unique demands of multiple blockchains.

RedStone’s modular oracle framework provides secure, adaptable data feeds to a growing network of over 130 clients across 70+ chains, including Berachain, Story, Unichain, TON, Monad, and MegaETH.

By enabling seamless data integration, RedStone empowers DeFi applications to scale without constraints.

Token Distribution and Utility

Source: redstone.finance

RED’s total supply is strategically allocated to foster long-term growth and decentralization:

1. Community & Genesis (10%) – Rewards early adopters, partners, and contributors via airdrops.

2. Protocol Development (10%) – Funds ongoing research, developer resources, and operational expansion.

3. Core Contributors (20%) – Supports those who built and continue to develop RedStone’s ecosystem.

4. Binance Launchpool (4%) – Strengthens collaboration between Binance and RedStone.

5. Ecosystem & Data Providers (24.3%) – Encourages innovation, community-driven initiatives, and ensures high-quality data provision.

6. Early Backers (31.7%) – Rewards investors and strategic partners who played a vital role in RedStone’s foundation.

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RedStone’s Modular Innovation: The Oracle of the Future

Source: redstone.finance

RedStone’s modular oracle architecture ensures maximum scalability, security, and efficiency, making it the preferred oracle for multi-chain DeFi applications. Key differentiators include:

1. Deepest Price Discovery – Sources data from both centralized exchanges (CEXs) and decentralized exchanges (DEXs), ensuring faster and more secure asset pricing.

2. Bespoke Data Feeds – Custom-engineered feeds for specialized needs, including LST, LRT, and Proof-of-Reserve data.

3. Seamless Omnichain Deployment – Efficient and cost-effective integration with new blockchains.

4. Unmatched Security – The only major oracle with zero mispricing incidents, leveraging EigenLayer AVS for up to $14B in economic security.

The Future of RedStone and RED

As the fastest-growing oracle in the blockchain space—with a 500% increase in user adoption in 2024—RedStone is positioned to lead the next phase of DeFi evolution.

By supporting thousands of assets and enabling institutional participation, RedStone aims to bridge the gap between traditional finance and decentralized finance.

With RED, the trajectory of RedStone’s growth will accelerate, reinforcing its mission to provide secure, scalable, and highly adaptable oracle solutions to the ever-expanding blockchain ecosystem.

FAQ

1. What is RedStone?
A: RedStone is a blockchain oracle provider focused on delivering secure, scalable, and modular data feeds to decentralized applications (dApps).   

2. What is the $RED token?
A: $RED is RedStone's utility token designed to drive decentralization, enhance security, and provide economic incentives within the RedStone ecosystem.

3. What is the purpose of blockchain oracles?
A: Blockchain oracles provide external data to blockchain networks, enabling smart contracts to interact with real-world information.   

4. What is the ticker symbol for RedStone's token?
A: The ticker symbol is $RED.

5. What is the maximum supply of $RED tokens?
A: The maximum supply is 1,000,000,000 $RED.   

6. What is the initial circulating supply of $RED at TGE?
A: The initial float at TGE is 28%.

7. What is the token standard for $RED?
A: $RED is an ERC-20 token on the Ethereum network.

8. What is the lock-up period for $RED tokens?
A: 72% of $RED tokens are initially locked, unlocking over four years.

9. What are the benefits of staking $RED?
A: Staking $RED allows users to contribute to RedStone's security infrastructure and earn rewards in assets like ETH, BTC, SOL, and USDC.

10. How are $RED tokens distributed?
A: Tokens are distributed among the community & genesis, protocol development, core contributors, Binance Launchpool, ecosystem & data providers, and early backers.

11. What is the utility of the $RED token?
A: $RED is used for staking, enhancing security, and incentivizing participation within the RedStone ecosystem.