RedStone Airdrop Sees Broad Participation, Adds 2% for Fairness

Over 2.5 million RED tokens have been claimed through the airdrop, with only 53 addresses claiming over 1000 tokens. This distribution highlights the broad participation in the airdrop, with a significant number of participants claiming smaller amounts, while a select few have managed to secure larger quantities. The airdrop, which was part of RedStone's community engagement strategy, aimed to reward early supporters and contributors to the ecosystem. The relatively low number of addresses claiming over 1000 tokens suggests that the distribution was fairly dispersed, ensuring that a wide range of participants benefited from the airdrop.

RedStone's decision to adjust the airdrop distribution by adding an additional 2% to compensate for missed community members demonstrates the project's commitment to inclusivity and fairness. This adjustment was made in response to community concerns and aims to ensure that all eligible participants receive their rightful share of the RED tokens. The additional 2% will be available for collection starting from 00:00 on March 7, 2025, providing a second opportunity for those who may have missed out on the initial distribution. This move is expected to further enhance community engagement and trust in the RedStone project.

RedStone's airdrop distribution strategy also includes plans to distribute another 4.5% of RED tokens six months after the token generation event (TGE), scheduled for September 6, 2025. These tokens will be used to support DeFi projects that utilize RedStone's price oracles, with the projects further distributing them to their ecosystem users. This long-term distribution plan aims to foster a sustainable and interconnected DeFi ecosystem, where RedStone's price oracles play a crucial role in providing accurate and reliable data. The eligible projects for this distribution include Euler, Gearbox, Pendle, Venus, Fraxlend, Evaa, Angle, and other DeFi platforms, highlighting the broad applicability and integration of RedStone's technology within the DeFi space.