RedStone adjusts the RED airdrop allocation, adding an additional 2% quota to compensate omitted community members
On March 6, in response to community concerns, RedStone announced adjustments to the selection process and distribution of RED airdrops. RedStone decided to allocate an additional 2% of the total RED supply from "ecosystem and data providers" on top of the original 5% total supply for Miner airdrops, as compensation for contributors overlooked in the initial airdrop. The eligibility for receiving additional airdrops has been reassessed and qualified users have been determined based on collected participation proofs. This 2% share will be available for collection starting at 00:00 (UTC+8) on March 7, 2025.
In addition, RedStone plans to distribute another 4.5% of RED six months after TGE (September 6, 2025), with the total supply used to support DeFi projects using RedStone's price oracle. These projects will further distribute it among their ecosystem users. Current eligible projects include multiple DeFi platforms such as Euler, Gearbox, Pendle, Venus, Fraxlend, Evaa, Angle etc. RED trading is still ongoing on all platforms and RedStone stated that they will continue optimizing community incentive mechanisms in future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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