Binance Will List RedStone Tomorrow – RED Price Up by 13%
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Key Points
- Binance announced the ending of RedStone (RED) Pre-Market and will list RED tomorrow.
- Trading will open on March 6 at 13:00 (UTC) for RED/BTC, RED/USDT, RED/USDC, RED/FDUSD, and RED/TRY.
RedStone (RED)’s price surged significantly today after Binance announced its upcoming listing.
In an official announcement, the crypto exchange revealed that it will end the Pre-Market for RedStone (RED) tomorrow, March 6, at 09:00 (UTC) and will list the token.
All Pre-Market orders will be removed automatically after trading ceases for the Pre-market trading pairs.
Binance RED Listing Details
Trading will open at 13:00 (UTC) for the following pairs:
- RED/BTC
- RED/USDT
- RED/USDC
- RED/FDUSD
- RED/TRY
Binance revealed that users can start depositing RED in preparation for trading on March 6 at 10:00 (UTC).
Also, withdrawals will open on March 7 at 13:00 (UTC) and the transfer function will resume before March 6 at 10:00 (UTC).
There will be no listing fee for RED, according to the official announcement.
Binance also revealed that RED will be listed with the Seed Tag applied, meaning that the project is a new one and might exhibit higher volatility compared to other projects already listed on the platform.
Trade RED on Binance – Get Started Now
RED Price Surged Following Binance’s Announcement
RED was trading around $0.7 with a market cap of $28 million ahead of Binance’s lusting announcement, and the coin surged by around 13%, reaching prices above $0.78 and a market cap of over $31 million after the exchange revealed its listing tomorrow.
The circulating supply of RED during the Binance pre-market is 40 million and upon the listing on the exchange, the circulating supply and the total supply will increase to 280 million, eventually reaching 1 billion over the course of 4 years from TGE.
As we previously reported, Binance revealed that it used an upward circuit breaker mechanism for the RED Pre-Market to innovate and enhance the user trading experience on the platform.
What is RedStone (RED)?
RedStone is a modular blockchain oracle available on over 70 chains and it will support more than 1,250 assets. The RED token will be the foundation of the RedStone network.
RedStone is Binance’s 64th Launchpool Project.
