RED TOKENPrice(RED)
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RED TOKEN (RED) Price information (USD)
The current real-time price of RED is $0.0{6}2261. In the past 24 hours, RED has traded between $0.0{6}2261 and $0.0{6}2262, showing strong market activity. The all-time high of RED is $0.8860, and the all-time low is $0.0{6}1649.
From a short-term perspective, the price change of RED over the past 1 hour is
RED TOKEN (RED) Market Information
RED TOKEN (RED) Today's Price
The live price of RED today is $0.0{6}2261, with a current market cap of --. The 24-hour trading volume is 233.82. The price of RED to USD is updated in real time.
RED TOKEN (RED) Price History (USD)
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What is RED TOKEN (RED)?
When is the right time to buy RED? Should I buy or sell RED now?
Before deciding whether to buy or sell RED, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s RED technical analysis can provide you with trading references.
Future price trend of RED
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for RED.
How much will RED be worth tomorrow, next week, or next month in ? What about your RED assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! RED Price Prediction
How to buy RED TOKEN (RED)
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RED Resources
To learn more about RED, consider exploring other resources such as the whitepaper, official website, and other published information:
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RED TOKEN (RED) FAQ
What is RedStone (RED) Token?
The RED Token is the native utility token of the RedStone network, a modular blockchain oracle. It is designed to provide real-time, cost-efficient, and reliable data feeds to decentralized applications (dApps) across various blockchain networks, including EVM and non-EVM chains. It acts as the "fuel" and security mechanism for the entire RedStone platform, underpinning its operations and data delivery.
What is the utility of the RED Token?
The RED Token serves multiple crucial functions within the RedStone ecosystem. It is primarily used for staking by data providers and token holders to enhance network security and reliability, often integrating with EigenLayer's Actively Validated Services (AVS). This incentivizes high-quality data. RED token holders also gain voting rights for community governance, influencing platform development. Furthermore, a portion of tokens is allocated for ecosystem growth, and dApps use RED for oracle service payments.
What are the key features and technology behind RedStone?
RedStone stands out with its modular oracle architecture, offering flexible, customized data feeds. It uses an "on-demand" or "pull-based" model, storing data off-chain and retrieving it only when smart contracts require it, significantly reducing gas costs and improving scalability. It boasts cross-chain compatibility, supporting numerous networks like Ethereum and Solana. Crucially, RedStone integrates with EigenLayer AVS to enhance security and ensure data accuracy.
What is the tokenomics of RED Token?
The maximum supply of RED is capped at 1 billion tokens. An initial float, typically around 28-30%, is available at launch, with the remaining 70-72% being gradually unlocked over a four-year vesting schedule. This structure aims to ensure market stability and long-term alignment. The token distribution categories include allocations for Community & Genesis, Protocol Development, Core Contributors, a launchpool, Ecosystem & Data providers, and Early Backers.
Where can you buy RED TOKEN (RedStone)?
The RED Token can be acquired through various platforms. It is listed on several major centralized exchanges, with some offering pre-market trading. Additionally, users can purchase RED through decentralized exchanges (DEXs). This typically involves connecting a compatible cryptocurrency wallet, such as MetaMask, and swapping a base currency for RED tokens on the chosen DEX platform.
What are the future plans and roadmap for RedStone?
RedStone's roadmap focuses on enhancing scalability, security, and cross-chain interoperability. Key future developments include the Actively Validated Services (AVS) Mainnet Launch, expansion into Real-World Asset (RWA) data, and upgrades to its oracle standards for perpetual markets. The project plans continuous improvement of pricing algorithms and the potential implementation of AI Oracles. The ultimate goal is to transition to fully decentralized governance with active community participation.
