Redstone has announced a strategic partnership with the World Chen to provide Oracle support as its red tokens started for pre-market trading on Benance LaunchPool and Bett Pre Market.
Redstone (red), a modular blockchain racle provider, bus Announced This will provide Word Chain with Oracle Support. This will ensure that smart contracts on world chains can access the exact price feed, market data and other information required for the Defi apps on the world chain (WLD).
Established in 2020, Redstone is a blockchain racle that provides real -world data to smart contracts similar to Chanlink (Link) and Pyth Network (Pyth). However, Redstone has a modular design, which allows rapid integration with new blockchain networks. An example of its modular advantage is its integration with an open network (Ton) Blockchain, where Redstone became the first and the only Oracle after an attempt to integrate four months. Redstone was also the first Oracle for projects such as Ether. Fi and Renzo during the rise of liquid resting tokens.
Additionally, the redstone unlike traditional oracles, uses a pull-based model for data access which send data to the blockchain, which is slow and expensive. In a bridge-based system, smart contracts only request specific data they need, when they need it, it helps reduce costs and reduce network congestion.
So far, the Redstone ranks as the fourth-most large blockchain racle, supports 62 protocols (including atherium and base) and according to about $ 6.5 billion, according to it, according to it. DefilamaAs February, also Supports Recently launched project Berachain.
In addition to adding support to the world series, recently Redstone Launched Its tokens are red Binense launchpool And Bittgate Pre Market. While the Binense limits the participation due to regional restrictions, the bittgate pre market provides unrestricted access, causing anyone to turn red quickly. It has also been listed MexcOnce the requirements of liquidity are met, the start of the deposit and with trading.
Reds tokenomics It is designed to promote growth and engagement in its ecosystem. 10% percent is dedicated to community awards, including aircraft and early claims, while 10% percent supports research and development. Core contributors receive 20% of tokens, subject to a vesting schedule. To improve access to red tokens, 4% has been allocated for collaboration with binance. To encourage the development of the ecosystem, 24.3% is nominated for data providers, while early supporters receive the largest share at 31.7%, which is also controlled by an implied schedule to maintain market stability.
