Coin overview
RED
In progress1.22-11.59%
Last price (USDT)
351.44K
24h total (USDT)
599.17K
Total vol (USDT)
2025-02-27 10:00:00 ~ Pending
Trading time (UTC+0)
Pending
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
RedStone is a modular oracle supporting 140+ clients including Morpho, Pendle, Spark, Venus, Ethena, Etherfi, Lombard and many more. While RedStone is live on 70+ chains including the upcoming ones like Monad, Berachain, MegaETH, Unichain, it also ensures further innovation on established ecosystems i.e. Ethereum or Base. Thanks to RedStone reliable infrastructure DeFi teams can build their solutions withought limiatations met with legacy oracle providers. As the only oracle RedStone provides both Push and Pull oracle model cross-chain.
RedStone (RED): The Key to Reliable, Scalable Data in the Web3 World
What is RedStone (RED)? RedStone (RED) is a modular oracle network designed to deliver fast, secure, and cost-effective data feeds to both EVM and non-EVM compatible blockchains. RedStone's unique architecture allows it to scale efficiently, providing customizable data streams that cater to the diverse needs of modern DeFi protocols. RedStone offers one of the most sophisticated oracles in the blockchain space, known for its deep pricing discovery, speed, and high data quality. Trusted by over 130 clients, including top DeFi protocols, RedStone operates on more than 70 blockchains and supports 1,250+ assets. RedStone’s technology stack includes an extensive range of data providers, such as RedStone GUARD, and is backed by rigorous audits from leading security firms like Halborn, PeckShield, and Cantina. The platform’s modular architecture allows it to scale effortlessly, providing secure and fast data feeds for any asset. With a track record of delivering low-latency, high-reliability price feeds, RedStone is capable of processing data at the speed required by high-performance blockchain applications. The oracle’s operational excellence has resulted in over $8.6 billion in assets protected, making it a go-to choice for large DeFi projects and enterprises. Who Created RedStone (RED)? RedStone was founded by a team of seasoned professionals with extensive experience in blockchain technology and software development: ● Jakub Wojciechowski: As the Founder and CEO, Jakub leads RedStone's strategic direction. Before establishing RedStone in August 2020, he co-founded Alice, a platform focused on social impact projects. Jakub has also served as a Blockchain Architect at Akropolis.io and a Smart Contracts Auditor at Zeppelin Solutions, showcasing his deep expertise in blockchain solutions. ● Marcin Kazmierczak: Co-Founder and Chief Operating Officer, Marcin oversees RedStone's operations. He is also a co-founder of ETHWarsaw, a prominent blockchain conference, and has been recognized in Forbes' 30 Under 30 list in Poland for his contributions to the tech industry. ● Alex Suvorov: Serving as Co-Founder and Senior Software Development Engineer, Alex brings a wealth of experience in software engineering. He has worked as a Freelance Full-Stack Engineer with Toptal and founded codenplay.io, a platform dedicated to teaching coding through interactive methods. Alex's diverse background enriches RedStone's technological advancements. What VCs Back RedStone (RED)? RedStone's innovative approach has attracted significant investments from leading venture capital firms and industry stakeholders such as Arrington Capital, Blockchain Capital, Coinbase Ventures, SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, and more. How RedStone (RED) Works At the core of RedStone’s offering is its decentralized oracle system, which provides real-time data to blockchain applications. Let’s break down how this system works in simple terms. 1. Data Collection and Aggregation RedStone collects data from multiple off-chain sources. These could include price feeds, weather data, sports scores, or any other type of information that is required by DeFi applications. The data is aggregated and processed before being sent to the blockchain. This ensures that the data is accurate, up-to-date, and reliable. 2. Data Transmission via Oracles After the data is processed, it is transmitted to the blockchain using RedStone’s oracle network. Oracles act as intermediaries that take off-chain data and bring it on-chain for smart contracts to use. RedStone’s EVM-compatible oracle supports a wide range of blockchains, making it versatile and compatible with popular ecosystems like Ethereum, Binance Smart Chain, and Polygon. 3. Smart Contract Integration RedStone’s oracle can be easily integrated into smart contracts on the blockchain. For example, a DeFi protocol might use RedStone’s price feed to trigger specific actions, like liquidating a position if the value of an asset falls below a certain threshold. The data provided by RedStone is used to trigger these actions automatically, ensuring that the protocol operates smoothly and according to its rules. 4. Decentralized and Secure RedStone’s network is decentralized, meaning that it doesn’t rely on a single entity to provide the data. Instead, multiple validators or nodes in the network help verify the accuracy of the data, ensuring that it is trustworthy and not manipulated. This decentralization makes RedStone more secure and less vulnerable to attacks or single points of failure. 5. Smart Contract SDK RedStone’s Smart Contract SDK allows developers to integrate decentralized data directly into their applications. This SDK is particularly useful for developers building on the Arweave Layer 1 blockchain, providing tools for creating interactive NFTs, data-driven solutions, and even machine learning models that rely on real-time data. RED Goes Live on Bitget RedStone Oracle is revolutionizing the way decentralized applications access and use data. With a strong team of experienced founders, backing from top-tier venture capital firms, and a decentralized oracle system that provides accurate and real-time data, RedStone is paving the way for the next generation of Web3 and DeFi applications. Trade RED, the native token of RedStone, on Bitget to support the new era of reliable and decentralized data for Web3. RED on Bitget Pre-Market RED is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 27 February, 2025 Bitget Pre-Market offers flexibility in trading activities with two settlement options: ● Coin settlement, which uses a 'cash on delivery' method where a security deposit is forfeited if the seller fails to deliver. ● USDT settlement, a new option where trades are settled in USDT at the average index price at the last minute. To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. For detailed instructions on how to use Bitget Pre-Market, please read Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading Get RED on Bitget Pre-Market now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
DeFi Oracle RedStone Oracles has been integrated into World Chain
DeFi oracle RedStone Oracles announced that it has been integrated into World Chain. BlockBeats previously reported that on October 18, 2024, Sam Altman-backed Worldcoin officially changed its name to World Network (abbreviated as World), and its Layer2 network World Chain mainnet has been launched, with the blockchain built using OP Stack.
Bitget pre-market trading: RedStone (RED) is set to launch soon
We're thrilled to announce that Bitget will launch RedStone (RED) in pre-market trading. Users can trade RED in advance, before it becomes available for spot trading. Details are as follows: Start time: 27 February, 2025, 10:00 (UTC) End time: TBD Spot Trading time: TBD Delivery Start time: TBD Delivery End time: TBD Pre-market trading link: RED/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient spot balances will be filled with corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be triggered immediately. At the project's delivery end time, the system will either deliver or compensate any remaining undelivered orders. USDT settlement For orders under the USDT Settlement mode, all delivery will be executed at the delivery end time of the project. The delivery time for the pre-market project will be announced once the coin's spot listing time is confirmed. Stay tuned to relevant notifications and announcements for the latest information. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last ten minutes as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction RedStone is a modular oracle supporting 140+ clients including Morpho, Pendle, Spark, Venus, Ethena, Etherfi, Lombard and many more. While RedStone is live on 70+ chains including the upcoming ones like Monad, Berachain, MegaETH, Unichain, it also ensures further innovation on established ecosystems i.e. Ethereum or Base. Thanks to RedStone reliable infrastructure DeFi teams can build their solutions withought limiatations met with legacy oracle providers. As the only oracle RedStone provides both Push and Pull oracle model cross-chain. RED Total supply: 1,000,000,000. Website | X | Telegram FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? Coin Settlement orders: Sellers can choose to either deliver the tokens or compensate with security deposit before the delivery execution. Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient coin balances will be filled with the corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be trigger immediately.At the delivery end time of the project, the system will settle all remaining orders, either through buy delivery or compensation. If there is a sufficient balance, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account as payment. Otherwise, the transaction will be canceled. In this case, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen security deposit. USDT Settlement orders: All deliveries will be executed at the project's delivery end time. Orders are settled at the average index price over the last ten minutes, which serves as the delivery execution price. Profits and losses are calculated based on the difference between the execution price and the delivery execution price. The losing party will pay the difference to the winning party. Note: 1) The system will execute deliveries in chronological order based on the transaction time of the orders. If you have both buy and sell orders in Coin Settlement mode, the quantities cannot offset each other. Please ensure that your spot account has a sufficient available balance for the sell orders at the time of delivery. Orders with insufficient balance will be treated as the seller's default. 2) For coin settlement orders, only tokens available in your spot account will be used for delivery. Tokens frozen in pending orders or held in other accounts will not be used for delivery. 3) The delivery is expected to be completed within one hour. To mitigate the risk of delivery failure due to insufficient funds, the seller of coin settlement orders should refrain from any transactions involving the delivery currency within 30 minutes after the delivery initiation. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. 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The total supply of RedStone (RED) is 1 billion, with an initial circulation of 28%
The project details for RedStone (RED) show that the total/max supply of tokens is 1,000,000,000 RED. The initial circulation is 280,000,000 RED (28.00% of the total token supply), and the total amount in Launchpool is 40,000,000 RED (4% of the maximum token supply).
LayerZero and RedStone dual-engine drive Story Protocol mainnet, cross-chain ecosystem integration promotes IP management innovation
On February 13th, it was officially announced that LayerZero and RedStone, two major infrastructures, were synchronously connected to the Story Protocol mainnet, injecting new momentum into on-chain intellectual property management. LayerZero's cross-chain interoperability solution has been fully enabled, supporting developers to achieve asset cross-chain transfer through Stargate Finance and build a multi-chain contract communication network. At the same time, RedStone, as the core oracle, has officially launched its Pull & Push hybrid data model, providing flexible off-chain data verification capabilities for the Story ecosystem. In addition to technical integration, UnleashProtocol's on-chain IP financial module (IPFi) and Verio Story's liquidity staking token (LST) solution are also integrated synchronously, further connecting the IP ownership, assetization, and circulation chain. This multi-protocol collaboration may redefine the on-chain collaboration paradigm of intellectual property.
RedStone Oracles releases RED token economics, 48.3% will be distributed to the ecosystem and community
DeFi oracle RedStone Oracles has released the economics of its RED token. The total amount of RED is 1 billion, of which 48.3% will be allocated to the ecosystem and community (10% for protocol development, 28.3% for the ecosystem and data providers, 10% for community and genesis distribution), 20% will be allocated to core builders, and 31.7% will be allocated to early supporters.
RedStone introduces CLARA, a communication layer for AI agents
RedStone, a modular blockchain oracle platform and restaking protocol, has announced CLARA, a new solution aimed at the artificial intelligence market’s agent-based projects. As a communication layer for AI agents, CLARA provides an infrastructure system designed to solve one of the industry’s biggest challenges—communication and collaboration for AI agents. According to details shared with crypto.news, RedStone’s new solution aims to unlock value across the agent economy using hyper-parallel computer AO’s economic rails. CLARA enables projects to leverage RedStone’s cross-chain oracle data network for secure and efficient data exchange. The goal is to facilitate multi-agent communication and value exchange within the ecosystem. “By applying RedStone’s proven methodologies for interoperability and data handling, a robust foundation for multi-agent communication can be developed, enabling seamless collaboration across diverse, decentralized AI ecosystems,” the platform noted. With interoperability connecting over 40 blockchains, CLARA enables unified communication for multiple agents operating on diverse chains. Additionally, the platform offers access to data aggregation from over 150 on-chain and off-chain sources, as well as a decentralized consensus mechanism designed to enhance agent coordination. The crypto AI agent market exploded into action in 2024 following the Terminal of Truths’ content on Goateus Maximus ( GOAT ) meme. Since then, the marketplace has seen extensive growth with ai16z, aiXBT, Virtuals Protocol and ElizaOS. RedStone’s vision is to strengthen this ecosystem with use cases that support AI agents, including agent specialization, monetization, marketplace creation, and cost syndication. For instance, aiXBT could pay another agent for alpha insights, schedule a trade execution with a trading agent, and hire several freelance agents to generate hype.
RedStone Joint Creation: The Trump administration may push DeFi from niche to mainstream
On November 16, Marcin Kaźmierczak, co-founder and COO of RedStone, said in an interview that the new Trump administration "could greatly promote the expansion of DeFi. The government may support policies to push DeFi from niche to mainstream, promoting innovation and investment inflow." Kaźmierczak also explained that a surge in BTC prices "usually" leads to an increase in DeFi service activities. As BTC prices rise, it's not just an isolated climb but can boost the entire DeFi industry.
Oracle RedStone and EigenLayer reach a $500 million cooperation agreement
Golden Finance reported that the oracle protocol RedStone announced a US$500 million cooperation agreement with the liquidity re-pledge protocol Ether.Fi. Ether.Fi will invest US$500 million to help protect RedStone’s data oracle, which is used in the region. Transfer information between the blockchain and the outside world. More than 20,000 node operators from Ether.fi will manage RedStone's Active Validation Service (AVS) and re-stake the token eETH using Ether.fi's native liquidity to protect against active outages and cryptography within the RedStone node provider network Economic attacks.
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