RedStone Oracles Protocol (RED)

RedStone is a leading blockchain data provider directly fulfilling the growing need for dApps to access data feeds that are frequently updated, reliable, and secure. Its gas-efficient data feeds span 50+ chains and rollups, securing over $6B in TVL.

🔗 How does it work?
RedStone aggregates price data from 150+ sources, processing it with advanced methodologies and securing it through independent node signatures. The verified data is then broadcasted via decentralized networks and pushed on-chain by relayers, bots, or users. Read more info in their docs.

🗝️ Technology: RedStone gets data into smart contracts by the following models:

• Pull Model: DApps fetch off-chain data only when needed, reducing on-chain costs.
• Push Model: Price data is continuously updated on-chain, ideal for real-time applications like lending and trading.
• X Model: Enhances security by preventing front-running, ensuring price integrity during transactions.
• Hybrid Model: Combines push and pull methods (ERC-7412), enabling both real-time updates and on-demand data retrieval.

⚙️ Main products:

Another feature that RedStone serves is its decentralized communication layer - Clara. It enables AI agents to securely exchange data, coordinate tasks, and transact using AO’s parallel processing and immutable storage. It provides a marketplace for agent discovery, a secure messaging protocol, and built-in economic incentives, creating a scalable ecosystem where autonomous agents specialize, collaborate, and generate value. Read more here.

Recently, RedStone launched an Actively Validated Service (AVS) on EigenLayer, leveraging restaking to enhance price feed security. A network of validators verifies data accuracy before it reaches the blockchain, preventing manipulation and ensuring trust.

🪙 $RED Token: $RED powers the RedStone oracle network by enabling staking for both data providers and token holders, enhancing security through EigenLayer’s AVS. In return, stakers earn rewards from data consumers across various blockchains, paid in widely recognized assets such as $ETH, $BTC, $SOL, and $USDC.

Considering the IEO Round on Binance Launchpool, our team completely analyzed the RedStone Blockchain project, revealing its several pros and cons:

✅ RedStone pros:

• Huge Backers’ ecosystem (50+);
• High PR score;
• Good network of partners (Polychain, Polygon, TON);
• Very low Token Inflation Rate in the 1st year (0,28% per month);
• 1-year cliff before vesting for Early backers pie;
• Binance IEO and listing;
• One of the Co-Founders has working experience at Google;
• Above average Growth Marketing, SEO, and SMM performance.

❌ RedStone cons:

• Below average Marketing Infrastructure;
• No BugBounty Programs;
• 2 team members don’t have work experience in the top tier companies;
• High FDV ($400M);
• High token allocation for Early backers (31,7% of total supply);

High Initial Circulation Supply (28%).