Redstone announces oracle support for World Chain as RED token debuts for pre-market trading
Redstone announced a strategic partnership with World Chain to provide Oracle support while his Red token has made his debomial trade on Binance Launchpool and Bitget Pre Market.
Redstone (red), an oracle supplier from modular blockchain, just announcement that he will provide Word Chain with the Oracle support. This will ensure that intelligent contracts on the global channel can access precise price flows, market data and other information necessary for DEFI applications Global chain (WLD).
Founded in 2020, Redstone is a Oracle blockchain which provides real data to intelligent contracts, similar to Chain link (LINK) and the Pyth network (Pythm). However, Redstone has a modular design, which allows faster integration with new blockchain networks. An example of its modular advantage is its Integration with The open network (TONNE) Blockchain, where Redstone became the first and only Oracle after an integration effort of four months. Redstone was also the first oracle to projects like Ether.Fi and Renzo during the rise of liquid rest tokens.
In addition, Redstone uses a model -based model for data access, unlike traditional oracles that constantly send blockchain data, which is slow and costly. In the sweater -based system, intelligent contracts only require the specific data they need when they need it, helping to reduce costs and reduce congestion of the network.
At present, Redstone ranks like the fourth largest blockchain oracle, supporting 62 protocols (including Ethereum and Base) and around $ 6.5 billion in value, according to Parade. Since February, he too support The project recently launched Berachain.
In addition to adding the support of the global channel, recently redstone spear his red token on Binance Launchpool and Bitget Pre Market. While the Binance limits participation due to regional restrictions, Bitget Pre Market offers without restriction, allowing anyone to exchange to be red early. He was also listed on MexcThe deposits already open and the beginning of the beginning once the liquidity requirements respected.
Tokenomics of red is designed to promote growth and commitment through its ecosystem. 10% percent is dedicated to community awards, including Airdrops and first complaints, while 10% percent support research and development. The main contributors receive 20% of the tokens, subject to an acquisition calendar. 4% is allocated to collaboration with Binance to improve accessibility to red tokens. To stimulate the growth of ecosystems, 24.3% is designated for data suppliers, while the first supporters receive the largest share at 31.7%, also governed by an acquisition calendar to maintain market stability.
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