Binance: New Launchpool and FREE tokens, RED by Redstone

By Daniele Corno

While the market suffers a collapse, Binance announces a new Launchpool: FREE Tokens for Holders of BNB, FDUSD and USDC, now it's RED's turn

New “Dividends” for Binance users

In the wake of the market dump that has been going on for the last few hours, Binance has announced a new reward for its users.

We’re talking about the 64th Binance Launchpool, in which the RED token of the RedStone protocol will be distributed, a oracle cross-chain compatible with blockchain EVM and others.

Users who own BNB, FDUSD and USDC can participate in the Launchpool. Starting on 02/26 at 01:00 CET, they will be able to lock their tokens for 48 hours to get rewards from farming.

As you can see, it will also be possible to participate in this Launchpool via USDC. Although not reported, we just have to wait until this evening, when the dashboard will be visible, to see if European users will be able to farm again using Stablecoins.

It will also be listed on the Pre-market of Binance starting on 28/02 at 11 Italian time, while for the spot market a precise date has not yet been announced, which will be communicated later.

A continuous success for the exchange that continues to distribute “dividends” to its customers. We shared a video dedicated to BNB, in which you can find out how much you would have earned in 2024 thanks to all the rewards distributed by Binance.

Details on the distribution of RED and BNB performance

The RED token has a max supply of 1 billion units, of which only 28% will be available at launch. 4% of the max supply, equal to 40 million units, will instead be allocated as a reward for the Launchpool.

Of these, 80% is allocated as a reward for the pool dedicated to BNB, while the remaining 20% is divided equally between the FDUSD and USDC pools.

The rewards distributed by Binance directly favor BNB. In a fiery February, the Binance coin shows strong resilience. With a price of $602, BNB is down -11% on a monthly basis, outperforming Bitcoin which, at the moment, is showing a -14% in the month of February.