Distinguished Red Code from Redstone after the launch of the drilling program ⋅ Crypto World Echo
Main meals:
- The red symbol witnessed a significant increase in prices after the announcement of the drilling program.
- The excavation program to Airdrop 4.5 % of the total red supply to the first adopters and basic users.
- This initiative consists of five strategic columns designed to enhance the sustainable growth of the Redstone ecosystems.
As for the distinctive Redstone, the price continues to take off, and it gains almost 0.335 dollars For a record recently from 0.4195 dollars only earlier this month. The symbol today reached its climax at $ 0.7545, an unprecedented level since March 7, which represents about 80 % of a pair of its lowest level. This rise led to the maximum REDSTONE market to more than $ 204 million.
The excavation program feeds optimism in the future of Redstone
In the aftermath of the launch Drill (Development, Promotion, Innovation, Release, Learning)This trend of positive momentum is the primary catalyst. This program will retain 4.5 % of the total supply of the distinctive red symbol for the first adopts and users of the Redstone Basic platform. This program aims to move away from traditional symbolic air drops that create only a temporary sensation and provide long -term support to create an actual value of the Defi ecosan system. The team believes that providing an incentive for rapid growth and unifying the Redstone position in the busy Oracle market.
The excavation program funds are allocated in an organized manner:
- Development (15 %): This column focuses on promoting rapid adoption of newer asset foods such as the distinctive liquid restoration of (LRTS), BTCFI financing, and assets in the real world (RWA). This is designed to stimulate the first adoption of these emerging asset groups.
- (60 %): This column focuses on enhancing the security and flexibility of data extracts. Six months after TGE, the money will be published in the Eign Stokeing. These funds will gradually enhance security while gradually redistributing revenue for protected complexes and providing insurance in the event of price feeding.
- Innovation (20 %): It supports the adoption of innovative products such as Oracle Extractable Value (OEV) or artificial intelligence improvements. For example, he will defend OEV complexes or help get a connection framework between Clara Ai agents.
- Launch (5 %): This column aims to generate traction for new protocols by rewarding the first adopters with an additional return. It also supports innovation on a small scale by providing liquidity and traction to help new projects succeed.
- Learn: This pillar is not directly allocated directly, but instead it creates research, information and tools and learning resources to raise awareness about the process of achieving high -quality data extracts and papers in Defi.
Redston appeared on the landscape Oracle
Redstone is one of the fastest Oracle providers in space. According to the data currently available from DeviliaRedstone, the fourth largest Oracle provider after ChainLink, PYTH, and Chronicle, with a total guaranteed value (TVS) of 4.9 billion dollars. The platform protects the main networks, including Spark, Cygenus Restake, Resolv and EULER.
The main condition is that qualified projects must be allocated to users of products that are secured directly by Redstone. This ensures that the benefits go directly to society. Customization divisions will vary based on factors such as guaranteed TVL and innovation and the importance of a project to Redstone as an Oracle provider.
Technical analysis indicates more bullish direction
A closer look at the red code price movements at the hourly graph reveals strong potential. The distinctive symbol reached a decrease of $ 0.4188 on March 11 before returning strongly, with prices higher than Fibonacci’s collapse by 50 % at $ 0.688. Meanwhile, the distinctive symbol also penetrated the main resistance, or at least its peak over and over again at $ 0.6817 (its highest level on March 12), the cup outlet and the handle style, which is to prepare the continuation of classic rise. In addition, the price was traded above the moving average for 50 days, indicating the continuation of the upward morale.
Based on this technical analysis, the red symbol is set for additional increases. The next important resistance for monitoring is $ 0.8432, about 20 % higher than the current price.
By focusing on innovation, security and the strategic introduction to the platform drilling program, Redstone seems to capture the attention of both investors and users, which puts the way for further growth in the Defi world constantly developed. Its case was more distinguished by integration operations such as Pendle, DeTaprime, Morpho, Lido, Swell Network and Renzo.
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