In today’s fast‐evolving blockchain landscape, innovation is fueled by groundbreaking technologies that bridge liquidity, security, and decentralized finance. $RED (RedStone)—a next-generation liquid restaking token born out of a strategic partnership between RedStone and Eigenpie. Designed to revolutionize the way staked assets work for you, $RED leverages advanced oracle technology, market‐driven data feeds, and liquid restaking on EigenLayer. This comprehensive article explores the entire ecosystem behind $RED, its innovative features, robust tokenomics, key partnerships, significant milestones, and the team that’s driving the future of DeFi.

Decentralized finance and other blockchain applications rely heavily on accurate external data—be it cryptocurrency price feeds, real-world asset values, or specialized financial instruments. Traditional blockchain oracle systems have struggled with scalability and high costs due to inefficiencies in data collection and delivery. RedStone steps in as a comprehensive solution by offering customizable, cost-efficient data streams that empower dApp builders with reliable and secure information. By addressing these critical needs, RedStone is not only enhancing DeFi but also laying the groundwork for a more interconnected and secure blockchain ecosystem.

Driven by a mission to build a fairer, market-driven attention economy and underpinned by a cutting-edge oracle system, $RED empowers data providers, token holders, and developers alike. Whether you are a seasoned investor, a blockchain enthusiast, or a developer looking to build the next generation of DeFi protocols, $RED offers a gateway to a more efficient, secure, and decentralized financial future.

Embrace the next-generation liquid restaking revolution with $RED, and join the movement that is transforming the way we interact with data, value, and digital assets.

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Multichain Data Delivery Through Modular Architecture

One of the standout features of RedStone $RED is its modular architecture that separates data collection from data delivery. This design innovation enables RedStone $RED to deploy the same set of price feeds across more than 70 different blockchain networks without the need for extensive modifications or additional nodes. By eliminating the redundancy of deploying new infrastructure for each chain integration, RedStone $RED achieves faster expansion and significantly reduces operational costs—all while upholding consistent security standards across both EVM and non-EVM compatible platforms.

This multichain capability is crucial in today’s diverse blockchain environment, where different networks have unique requirements. RedStone $RED ’s flexible design ensures that regardless of the underlying blockchain, the data delivered remains accurate, timely, and secure. This efficiency makes it easier for dApp developers to scale their solutions without worrying about fragmented or inconsistent data.

At its core, $RED is engineered to serve as a utility token with an innovative value accrual mechanism. It is designed to reward participants in a decentralized and sustainable manner:

• Utility and Governance: $RED drives market forces by enabling token holders to participate in network governance. Users can propose, vote on, and implement key protocol changes—ensuring that the ecosystem evolves according to community needs.

• Economic Security: By staking RED, both data providers and token holders contribute to network security while earning rewards in assets like ETH, BTC, SOL, and USDC.

• Sustainable Oracle Economics: RedStone’s Actively Validated Services, combined with robust staking mechanisms, create a sustainable model that incentivizes continuous participation and value capture within the network.

RedStone $RED x Eigenpie: Pioneering Liquid Restaking

The collaboration between RedStone $RED and Eigenpie is setting new benchmarks in the liquid restaking arena. With the launch of RED staking on Eigenpie, the partnership has expanded to power the $egETH price feed—the native liquid restaking token (LRT) on Eigenpie. Eigenpie, a leading LRT platform built on EigenLayer and operating as a SubDAO under Magpie’s advanced and secure architecture, allows users to restake their $ETH and liquid staking tokens (LSTs) to validate new services while retaining liquidity.

Why Liquid Restaking Matters

Liquid restaking is a breakthrough innovation. With $egETH, users earn dual rewards:

1. Staking Rewards from Ethereum Validation: Earning yield from helping secure the Ethereum network.

2. Additional Rewards from Supporting AVSs on EigenLayer: Generating extra income by backing Actively Validated Services (AVS).

This dual earning potential transforms $egETH into a powerful capital tool within DeFi and enhances the overall utility of restaked assets.

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RedStone $RED’s Critical Role: Reliable, Real-Time Price Feeds

RedStone $RED acts as the official provider for $egETH price feeds, ensuring that Eigenpie has access to accurate, real-time data on the fundamental pricing of $egETH. This data is crucial for several reasons:

• Yield Calculations: Accurate pricing helps determine staking rewards.

• Mint/Redemption Management: Reliable data is vital for maintaining stability during token minting and redemptions.

• Overall System Stability: Price feeds from RedStone support the robustness of the ecosystem and instill confidence among users.

Moreover, Eigenpie supports $RED staking, which means that holders of the RedStone token can stake their assets and earn rewards while retaining liquidity. With RedStone’s modular architecture—deployed across 60+ chains and easily integrated with any EVM or non-EVM chain—protocol builders can effortlessly launch lending, perpetual, restaking, or BTC staking protocols. RedStone stands out as the fastest oracle for secure price feeds, offering deep price discovery and advanced pricing methodologies that outpace its competitors.

Innovative Oracle Economics and Sustainable Value Accrual

$RED is designed as a utility token with a pioneering value accrual mechanism—the first of its kind to introduce truly sustainable oracle economics. Leveraging RedStone’s EigenLayer Actively Validated Service (AVS), RED staking strengthens the economic security of RedStone’s oracle stack by:

• Utilizing Staked RED: Data providers and token holders alike can stake their RED tokens to enhance network security.

• Tapping Into Billions in Staked Assets: By integrating with billions of dollars staked on EigenLayer, RED staking bolsters overall system integrity.

• Earning Multi-Asset Rewards: RED stakers earn rewards from RedStone data users across hundreds of blockchains, with payouts in widely adopted assets like ETH, BTC, SOL, and USDC.

This sustainable model ensures that network security and data integrity are maintained while rewarding participants in a fair and transparent manner.

Token Allocation and Distribution Strategy

A key to $RED’s long-term success is its well-thought-out token allocation and vesting strategy, which aligns the interests of early backers, core contributors, and the broader community.

Breakdown of Token Allocation

• Community & Genesis (10%):
  Distributed via carefully designed airdrops to reward early supporters, partners, and active community participants.

• Protocol Development (10%):
  Managed by the RedStone Distributed Data Association to drive protocol growth and advance progressive decentralization.

• Core Contributors (20%):
  Tokens in this category are locked and released on a strategic vesting schedule to align contributors’ interests with the protocol’s sustained success.

• Binance Launchpool (4%):
  Strengthening collaborative relationships between Binance and the RedStone communities.

• Ecosystem & Data Providers (24.3%):
  These tokens follow a structured release schedule to support sustainable, long-term ecosystem growth and ensure diverse participation by data providers.

• Early Backers (31.7%):
  Locked tokens that follow a strategic vesting schedule, ensuring continued support and alignment of early investors with RedStone’s long-term vision.

This allocation framework supports a fair redistribution of value while fostering a vibrant ecosystem where every participant can contribute and benefit.

Market Performance and Key Metrics for $RED

Robust tokenomics and transparent market metrics are critical for building investor trust. Here are the key figures for $RED:

• Market Cap: $132.3M

• Circulating Supply: 280.0M RED

• Release Date: March 5, 2025

• Issue Price: $0.7525

• All-Time High: $0.9631 (recorded on March 6, 2025)

• All-Time Low: $0.4407 (recorded on March 10, 2025)

• Max Supply/Total Supply: 1.00B RED

• Fully Diluted Market Cap: $472.5M

• Market Cap/Total Circulating Ratio: 28.00%

• Number of Holding Addresses: 12K

• Number of Listed Exchanges: 3

• Core Algorithm: ERC-20

• Market Sentiment: Neutral

• Contract Address: 0xc4…b5de

These metrics reflect the current state of $RED in the market, showcasing its significant presence and the transparency with which its supply is managed. With a robust circulating supply and a controlled market cap-to-supply ratio, $RED is well-positioned for future growth and stability.

(All data is valid as at the time of writing 10th March 2025)

Significant Milestones and Recent Developments

$RED’s journey is marked by several significant events that have propelled the protocol to the forefront of the liquid restaking and oracle sectors:

Key Events

• March 03, 2025:
  $RED was officially live for trading, marking a major milestone for the project.

• Airdrop Query Launch (March 05, 2025):
  RedStone launched an airdrop query page, with collection opening the following day—a clear signal of active community engagement.

• Miner Airdrop Announcement:
  The RedStone Distributed Data Association announced a miner airdrop, further incentivizing network participation.

• Funding Rounds and Investments:

• On July 13, 2021, RedStone secured $0.52M in pre-seed investment.

• On August 30, 2022, the project raised $7M in seed funding from prominent investors such as Lemniscap, Coinbase Ventures, Blockchain Capital, and others.

• On May 22, 2023, additional undisclosed investments were secured with participation from industry heavyweights like Stani Kulechov, Sandeep Nailwal, and Emin Gün Sirer.

• On July 02, 2024, a $15M Series A round was completed with leading investors including Arrington Capital, gumi Cryptos Capital, Kenetic Capital, and more.

These milestones not only highlight the confidence that top-tier investors have in RedStone’s vision but also underscore the project’s rapid evolution and increasing adoption.

The RedStone $RED Ecosystem: Technology, Partnerships, and Use Cases

$RED is at the heart of a broader ecosystem powered by RedStone’s advanced oracle network and Eigenpie’s liquid restaking platform. Here’s a closer look at the technological and functional aspects:

RedStone $RED ‘s Modular Architecture

RedStone $RED ‘s modular design enables it to scale seamlessly across different blockchain ecosystems. Operating on more than 60 chains, RedStone $RED ‘s supports all data consumption models—including both push and pull blockchain oracles. Its advanced pricing methodology and deep price discovery capabilities make it the oracle leader in the yield-bearing assets sector, covering LRTs, LSTs, and stablecoins such as Ethena and Elixir.

Eigenpie and Liquid Restaking

As a leading LRT platform built on EigenLayer, Eigenpie allows users to restake $ETH and liquid staking tokens while retaining liquidity. This is especially significant with the introduction of $egETH, where users earn rewards from both validating Ethereum and supporting additional services on EigenLayer. Moreover, Eigenpie’s role as a SubDAO of Magpie provides it with an extra layer of advanced security and architectural stability.

Use Cases and Economic Impact

The synergy between RedStone and Eigenpie unlocks multiple use cases:

• Dual Earning Potential: With $egETH, users can simultaneously receive staking rewards from Ethereum validation and extra yields from supporting AVSs.

• Robust Data Feeds: RedStone’s secure, real-time price feeds underpin critical functions such as yield calculations, minting, and redemptions.

• Enhanced Network Security: Through RED staking, data providers and token holders enhance the economic security of the oracle stack, earning multi-asset rewards in widely adopted cryptocurrencies.

• Interoperable DeFi Protocols: The combined architecture facilitates the building of lending, perpetual, and BTC staking protocols with minimal friction.

By harnessing these technologies, $RED is not only redefining liquid restaking but is also paving the way for a more efficient, secure, and transparent DeFi ecosystem.

Meet the Team Behind $RED

The success of any blockchain project hinges on the strength and vision of its team. $RED is backed by an experienced group of industry veterans who are dedicated to driving innovation in the oracle and liquid restaking space.

Key Team Members

• Founder and CEO – Jakub Wojciechowski
  With a rich background as CTO at Alice and Blazar and experience as a blockchain architect at Akropolis.io and Zeppelin, Jakub leads RedStone with a clear vision for a sustainable, decentralized data economy.
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• Co-Founder – Alex Suvorov
  As the lead developer and founder of codenplay.io, Alex brings deep technical expertise from his previous work at Alice.
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• Co-Founder & COO – Marcin Kaźmierczak
  Marcin, also a co-founder and partner of ETHWarsaw, is instrumental in operational management and strategic partnerships.
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• Head of Business – Mateusz Gurbiel
  Leading business development, Mateusz plays a key role in expanding the ecosystem and forging new partnerships.

Strategic Investors

The project has garnered support from several high-profile investors, including:

• Arrington Capital

• Lemniscap

• Coinbase Ventures

• The Spartan Group

• Amber Group

These investments, along with the successful funding rounds detailed earlier, validate the strong market potential and robust technological foundation behind $RED.

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How to Buy $RED On Gate.io

Step 1: Register for an Account

Start by visiting Gate.io and clicking on “Sign Up” to create your account. Enter your email address, create a secure password, and follow the registration instructions.

Step 2: Complete the KYC Verification

To ensure your account is secure and compliant with global regulations, complete the Know Your Customer (KYC) process. This usually involves submitting a government-issued ID and possibly a selfie. Proper verification increases your account’s security and unlocks full trading features.

Step 3: Deposit Funds

Once your account is verified, deposit funds into your Gate.io wallet You can use various methods, such as bank transfers, credit or debit cards, or even other cryptocurrencies. Make sure you deposit enough funds to cover your desired investment as well as any applicable fees.

Step 4: Locate $RED

In the trading section of the platform, use the search bar to find $RED. Gate.io typically lists $RED with various trading pairs, such as $RED/USDT. Review the current market price and available order options before proceeding.

Step 5: Place Your Order

Decide whether to place a market order or a limit order. A market order will execute immediately at the current price, while a limit order lets you set your own price. Enter the amount of $RED you wish to purchase, review the order details carefully, and then confirm the transaction.

Step 6: Secure Your Investment

After purchasing $RED, it is advisable to transfer your funds to a secure personal wallet. Hardware wallets, like Ledger or Trezor, provide robust security by keeping your assets offline. Alternatively, reputable software wallets can also be used to store your $RED securely.

Conclusion: Embracing the Future with $RED

$RED (RedStone) is more than just a token—it represents the convergence of advanced oracle technology, innovative liquid restaking, and sustainable economic models. With the RedStone x Eigenpie partnership, $RED is set to redefine how value is captured and distributed in the decentralized finance ecosystem. From its dual reward mechanism and robust real-time data feeds to its transparent tokenomics and dedicated team, every aspect of $RED has been engineered for long-term success.

With a market cap of $132.3M, a circulating supply of 280.0M RED, and a fully diluted market cap of $472.5M, the token’s metrics underscore its significant presence in the market. Launched on March 05, 2025, with an issue price of $0.7525, $RED has already experienced price fluctuations—recording an all-time high of $0.9631 and an all-time low of $0.4407—illustrating both its volatility and the high potential reward in this emerging sector.

Disclaimer: Cryptocurrency investments carry risks. Always conduct thorough research before investing.