RedStone Oracles Unveils Tokenomics: 1 Billion RED Tokens for Community and Ecosystem

Coin WorldWednesday, Feb 12, 2025 8:38 pm ET

1min read

RedStone Oracles, a leading DeFi oracle provider, has recently unveiled its tokenomics for the RED token. The total supply of RED is set at 1 billion, with a significant portion allocated to the ecosystem and community. Notably, 10% of the tokens are reserved for community and genesis distribution, highlighting the project's commitment to fostering a strong and engaged community.

The tokenomics also allocate 48.3% of the total supply to the ecosystem and data providers, with 10% dedicated to protocol development. Additionally, 20% of the tokens are reserved for core developers, and 31.7% for early supporters. This distribution strategy aims to incentivize participation, innovation, and growth within the RedStone Oracles ecosystem.

The release of the RED tokenomics comes at a time when the DeFi sector is experiencing rapid growth and increasing demand for reliable oracle services. RedStone Oracles' commitment to community engagement and ecosystem development positions the project well to capitalize on this growth and solidify its place in the DeFi landscape.

Comments

﻿

Add a public comment...

No comments yet

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.