RedStone Releases RED Token Economics: 48.3% will be allocated to the RedStone ecosystem and community

PANews reported on February 13 that according to official news, RedStone has released the token economics of the RED token. The maximum supply of RED is 1 billion, with an initial float of 30%. RED is deployed on the Ethereum mainnet as an ERC-20 token, and will be extended to multi-chain ecosystems such as Solana and Base through the Wormhole native token transfer standard after the token generation event (TGE). Among them, nearly half (48.3%) of the RED tokens will be allocated to the RedStone ecosystem and community, covering the following categories: community and genesis allocation, ecosystem and data provider incentives, and protocol development support.

In terms of specific token distribution, 10% will be allocated to the community and Genesis to reward early supporters, partners and active participants in the development of RedStone; 10% will be allocated to protocol development to support key R&D, developer resources and operational efficiency; 20% will be allocated to core contributors of the ecosystem; 28.3% will be allocated to the ecosystem and data providers; and 31.7% will be allocated to early supporters.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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