RedStone (RED)
Rank #352
Market snapshot
- Price
- $0.095427
- Market cap
- $46.4M
- 24h volume
- $14.7M
- Circulating supply
- 486,303,935
- Total supply
- 1,000,000,000
- Max supply
- 1,000,000,000
What is RedStone?
RedStone serves as a blockchain oracle that facilitates access to decentralized finance (DeFi) by connecting real-world assets with blockchain networks. It provides developers with market data delivery options tailored to their needs, enhancing the functionality of decentralized applications.
How RedStone works
RedStone operates by securely delivering market data to target blockchains using both push and pull models, depending on developer requirements. The platform is integrated with the Canton blockchain network to support DeFi access. Additionally, RedStone has introduced RedStone Bolt, which is noted for its speed as a blockchain oracle.
Key information
- Symbol
- RED
- CMC rank
- #352
- Network / platforms
Base, Ethereum, Solana
- Categories
- N/A
- Date added
- Sep 5, 2022
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Base
0x4eB92702bA4cfbF80561BAd64D89C706Ac824960Ethereum
0xc43c6bfeda065fe2c4c11765bf838789bd0bb5deSolana
RED7iNewvwjeu9rdcugDqkPUm4fhGT7Dt9sYosFr6e7
Key characteristics
RedStone is designed to enhance user experience with its blockchain oracle services. It utilizes cookies to personalize content and measure advertising effectiveness across blockchain and DeFi platforms. The platform is also involved in expanding the security of Ethereum’s validator set, leveraging the Ether.fi ecosystem for improved security.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is RedStone?
- RedStone is a cryptocurrency represented by the symbol RED, operating within various ecosystems such as Ethereum, Binance, and Solana.
- How does RedStone operate?
- RedStone delivers market data to target blockchains using push and pull models, integrating with the Canton blockchain network for DeFi access.
- What are the technical characteristics of RedStone?
- RedStone enhances user experience through its blockchain oracle services and utilizes cookies for personalized content delivery.
- What are the risks associated with transferring RedStone?
- Users should verify the contract address and network before transferring assets, and understand that transfers may be irreversible.
- Where can I find official resources for RedStone?
- Official resources for RedStone can be found on its website at https://redstone.finance/ and its GitHub repository at https://github.com/redstone-finance.
