Binance is launching a new cryptocurrency project called RedStone (RED) as its 64th Launchpool initiative. Users can participate by locking their BNB ($848.09), FDUSD ($1.00), and USDC ($1.00) in specific pools to earn RED coins from February 26 to February 28. Additionally, Binance will test a new upward price limit mechanism during the Pre-Market trading of this cryptocurrency.
Details of the Binance RED Coin Launchpool
The Launchpool platform will be utilized for RedStone’s launch. Users can lock BNB, FDUSD, and USDC to claim a share of 40 million RED coins distributed from a total supply of 1 billion. Here are the Launchpool details:
- Total RED Coin Supply: 1 billion
- Amount Distributed via Launchpool: 40 million (4% of supply)
- Initial Circulating Supply: 280 million (28% of supply)
- Coin Network Details: Ethereum
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