Catenaa, Sunday, March 16, 2025 – RedStone, a blockchain oracle provider supported by Arrington Capital, has officially launched its native token, $RED, on the Ethereum network, marking a significant milestone for the company. The token is now available for trading on major centralized exchanges, including Binance, Bybit, Kraken, and KuCoin, among others.
The $RED token is designed to enhance the security and decentralization of RedStone’s oracle infrastructure by introducing staking mechanisms. This move aims to improve economic security and establish a more sustainable oracle economy. As part of this initiative, stakers of $RED will be rewarded with payouts in assets such as ETH, BTC, SOL, and USDC, incentivizing active participation in the ecosystem.
Marcin Kazimierczak, co-founder of RedStone, emphasized that the introduction of $RED would significantly strengthen the company’s decentralized infrastructure while supporting the reliability of decentralized finance (DeFi) applications. The staking model allows both data providers and token holders to participate in securing the network. Providers stake $RED to ensure the accuracy of the price feeds they supply, while token holders stake within the RedStone AVS to further bolster network security.
Additionally, RedStone has allocated 10% of the total 1 billion $RED tokens for community distribution, including airdrops targeting early supporters and contributors. This initiative is part of RedStone’s strategy to foster widespread adoption and community engagement.
RedStone’s previous launches, including Bitcoin staking oracles in October, have already enhanced DeFi protocols across Ethereum, Avalanche, and Polygon networks. The $15 million funding round led by Arrington Capital in July has accelerated the company’s growth.
