What is the operation process for participating in Redstone (RED) airdrop?

Redstone (RED) airdrops are coming, bringing good opportunities for asset appreciation to BNB holders! Redstone is an innovative multi-chain oracle that supports more than 70 blockchains and more than 1,250 assets, has strong cross-chain interaction capabilities and excellent reliability, and has become the second largest multi-chain oracle provider. To participate in Redstone (RED) airdrop, you only need to have a Binance account, download the Binance APP, and find the Redstone (RED) project on the Launchpool page, and invest in BNB to participate in mining. But it should be noted that the cryptocurrency market has high risks, please participate carefully and invest rationally.

What is the operation process for participating in Redstone (RED) airdrop?

In the cryptocurrency space, the Redstone (RED) project’s airdrop activity has attracted much attention. For investors eager to participate, a clear understanding of the operation process is the key to starting this journey of wealth opportunity. Before we dig into the steps, let’s take a look at the uniqueness of the Redstone (RED) project.

Redstone (RED) Project In-depth Analysis

Project Background and Development Trajectory

Redstone is an innovative multi-chain oracle across EVM and non-EVM chains. It has achieved remarkable results since its operation in 2021. Currently, more than 70 blockchains have been successfully supported, with an asset coverage of more than 1,250, providing accurate price data support for various blockchain projects and investors. In terms of financing, it has attracted three rounds of financing, favored by many well-known investors, fully demonstrating the potential and development prospects of its projects.

Project advantages are highlighted

1. Technical Advantages

Strong cross-chain interaction capabilities
• : Supports more than 70 chains, which enables it to interact efficiently with various types of blockchains, realizes rapid data transmission and sharing, and meets the diversified needs of different blockchain projects in data interaction.

Wide asset coverage coverage
• : Covering more than 1,250 assets, it provides a wealth of data choices for investors and project parties at different levels. Whether investors focusing on large cryptocurrencies or participants focusing on niche digital assets, they can benefit from Redstone's services.

Excellent reliability
• : Since its launch, there have never been any failed or wrong pricing incidents. This provides market participants with great confidence in the volatile cryptocurrency market, ensuring the stability and accuracy of various transactions and applications based on their data.

Advanced modular architecture: allows easy integration of new assets, not only reduces the latency of data transmission, but also provides strong support for seamless expansion of decentralized applications (dApps). At the same time, it provides two data transmission modes: pull and push, which provide users with more flexibility and autonomy.

2. Market-level advantages

Significant customer growth trend
: In 2024, Redstone established partnerships with more than 100 new customers and released related applications on more than 30 chains. It has a total locked value (TVS) of more than $6.8 billion, rapidly rising to become the second largest multi-chain oracle provider, showing strong market competitiveness and wide market recognition.

Strong partner lineup
: Cooperation with many well-known DeFi agreements such as Spark, Pendle, Ethena, etc. has further consolidated its position in the DeFi field, expanded its influence in the field, and brought more potential value and cooperation opportunities to users.

The benefits of Redstone (RED) airdrop for BNB Holder

For BNB Holder, this Redstone (RED) airdrop is a rare opportunity to add value. By participating in Binance Launchpool’s new coin mining campaign, BNB Holder can invest idle BNBs into the RED reward pool. During the two-day mining process starting from 08:00 on February 26 (East Eighth District time), as long as certain mining conditions and time requirements are met, you will have the opportunity to obtain RED airdrop tokens. This not only enables effective utilization of assets, but also brings additional benefits to BNB Holder. If you want to further understand BNB-related information, you can visit: https://www.binance.com/en/bnb.

Participate in Redstone (RED) airdrop operation process

Preparation

1. Have a Binance account: If you do not have a Binance account yet, this is the primary condition for participating in airdrops. Register through the registration link . During the registration process, you need to accurately fill in your personal information, including name, email, password, etc., and follow the prompts to complete the identity verification steps, such as uploading ID card photos for real-name authentication. Only by completing the identity verification can you successfully participate in subsequent airdrop activities.
2. Download Binance APP: If you want to participate in airdrop operations more conveniently, downloading the Binance Exchange app is a good choice. You can download it through the download link. During the installation process, you should pay attention to allowing your phone to install applications from unknown sources.

Specific steps to participate in airdrop

1. Login in Binance Account: Open the Binance APP or web version and log in with the registered account and password.

2. Enter Launchpool page: In the Binance interface, find the "Launchpool" entrance, which can generally be found in the "Financial Services" or similar sections on the homepage. Click to enter the Launchpool page.

3. Find Redstone (RED) airdrop project: On the Launchpool page, browse numerous projects and find information about Redstone (RED). Pay attention to confirming the name, icon and related introduction of the project to ensure that it is a Redstone (RED) airdrop project to avoid misoperation.

4. Invest in BNB to participate in mining: Follow the prompts on the page, invest the BNB you hold in the RED reward pool. Before investing, carefully confirm information such as the amount of investment, mining rules, and expected returns. After entering the number of BNBs to be invested, click the "Confirm the investment" button and follow the system prompts to complete the operation.

Second attention and operation

1. Follow the mining progress: After investing in BNB, you can view your mining progress on the Launchpool page, including the length of mining, the number of RED tokens that are expected to be obtained, etc.

2. Receive airdrop tokens: After the airdrop activity is over, receive the obtained RED airdrop tokens according to Binance's relevant rules and prompts. Generally speaking, tokens will be automatically issued to your Binance Assets account, and you can view the arrival of RED tokens in the "Assets" page.

Risk warning

While there is a chance to gain profit during the participation in Redstone (RED) airdrop, the cryptocurrency market is highly volatile and uncertain. Factors such as market price fluctuations, cybersecurity risks, and changes in regulatory policies may have an impact on asset value and trading operations. When participating in airdrop activities, investors must carefully evaluate their own risk tolerance, and do not blindly follow the trend to ensure the safety of their assets.

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