At a dramatic junction of events, Binance, the exchange of the world’s leading cryptocurrency, was hung, the highly expected insertion in the Redstone.
Binance decision, He announced on March 6, 2025It comes in response to the sudden reducing Redstone to allocate it in society, a step that ignited a storm of criticism and raised questions about fairness in the encryption space.
Redstone, Oracle Blockchain designed to provide databases for decentralized applications, initially to allocate 9.5 % of the red code supplies to its community through Airdrop.
This reward was aimed at honoring the first supporters and stimulating participation.
However, Redstone has interrupted an unexpected AirDrop customization to only 5 %, while the company calls the “first Airdrop mine”, prompting anger between community members and the arrest of Binance.
Redstone makes immediate changes to the selection process and red Airdrop allocations. Yesterday, the Red Airdrop auditor page started directly. Since then, we have seen mixed feelings of our society. Many members of our society have long participated …
Redston faces a violent reaction of society
Airdrop Redstone has decreased no one noticed. Community personnel, especially those who got high -ranking degrees known as RSG points, have expressed frustration about what they consider an unfair and unfair process.
Many people who expected to benefit from the original allocation found themselves excluded, which sparked accusations that Redstone gave priority to other interests of their supporters at the base level.
It is worth noting that the Redston symbol serves a double purpose as the original governance and interest. Users can share RED to secure Oracle network and gain rewards in major encrypted currencies such as ETC, BTC, Sol and USDC.
With the support of prominent investors such as Coinbase Ventures and Blockchain Capital, the project had received great attention – until this controversy casts its reputation.
Binance quickly responded to chaos
Binance behaves quickly to treat the situation. In its official statement, the stock exchange was martyred “unexpected changes and another at the last minute” of Redstone’s Airdrop plans as a reason to stop the list, It is already scheduled at 13:00 UAE on March 6.
The stock exchange has already allowed its users to cultivate red symbols with attention, which led to the sudden shift in Redstone plans in particular.
Binance is now in active negotiations with the Redstone team to solve the problem, and promised to announce the follow -up as soon as it was clear.
Redston icon features under scrutiny
Besides Fiasco Airdrop, the broader distinctive code for Redstone is allocated under a microscope.
The first investors maintain 31.7 % of the offer, the data provider demands 28.3 %, and the team maintains 20 %. However, the lack of transparency about the schedules has deepened only the uncomfortable of society.
Critics argue that Airdrop’s cutting reflects a disturbing trend in TOKEN launch operations, as projects are fighting to balance the interests of investors and supporters.
Meanwhile, the RED market performance tells the story of volatility. It is traded at $ 0.751 per currency from the time of the press, as the distinctive code decreased by 19 % and sits by 22 % less than its peak of $ 0.9325.
With a market evaluation of $ 211 million and a fully diluted evaluation near 755 million dollars, Red faced great pressure for sale, as it recorded 9.25 million dollars in the global trade volume during the past day.
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