Redstone has announced a strategic partnership with World Chain to offer Oracle Support, while his red token debuted for pre-market trade on Binance Launchpool and Bitget Pre Market.
Redstone (red), a modular blockchain oracle provider, has just announced that the Word Chain from Oracle will offer support. This ensures that smart contracts in the world chain have access to accurate price feeds, market data and other information required for Defi apps on World Chain (Wld).
Redstone and @worldcoin join forces to bring reliable oracles to the world chain.
Our oracles now promote the people-first Defi with the data of the highest quality on the market. pic.twitter.com/ljfjajamli
– Redstone Oracles ️ (@RedStone_Defi) 28 February 2025
Redstone was founded in 2020 and is a blockchain oracle that offers data from practice to smart contracts, similar to Chainlink (link) and Pyth Network (PYTH). Redstone, however, has a modular design that makes faster integration possible with new blockchain networks. An example of his modular advantage is the integration with the Open Network (Ton) Blockchain, with Redstone being the first and only Oracle after an integration effort of four months. Redstone was also the first oracle for projects such as Ether.fi and Renzo during the rise of liquid herillings tokens.
In addition, Redstone uses a pull-based model for data access, in contrast to traditional oracles that constantly send data to the blockchain, which is slow and expensive. In the pull -based system, smart contracts only require the specific data they need when they need it, which reduces the costs and reduce the network congestion.
From now on Redstone arranges as the fourth largest blockchain oracle, to support 62 protocols (including Ethereum and Base) and around $ 6.5 billion in value, according to Defilama. From February it also supports the recently launched project Berachain.
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Source: Defilama
In addition to adding support for World Chain, Redstone recently launched his token Red on Binance Launchpool and Bitget Pre Market. Although the participation of Binance limits participation due to regional restrictions, Bitget Pre Market offers unlimited access, so that everyone can turn red early. It is also mentioned on Mexc, with deposits that have already been opened and acting start as soon as the liquidity requirements are met.
Red’s Tokenomics is designed to promote growth and involvement in its ecosystem. 10% is committed to community rewards, including airdrops and early claims, while another 10% percent support research and development. Key contributors receive 20% of the tokens, depending on a fortress schedule. 4% is allocated for cooperation with Binance to improve accessibility for red tokens. To stimulate the growth of ecosystem, 24.3% are designated for data providers, while early supporters receive the largest share at 31.7%, also governed by a fortress schedule to maintain market stability.
Source: Redstone Blog
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