HawkInsight

  • Contact Us
  • App
  • English

RedStone adjusts RED airdrop allocation and adds 2% quota to compensate missed community members

On March 6, in response to community concerns, RedStone announced adjustments to the selection process and allocation of RED airdrops. RedStone decided to allocate an additional 2% of the total RED supply from the "ecosystem and data providers" on top of the original 5% of the total Miner airdrop to compensate for missing contributors in the initial airdrop. The eligibility for additional airdrops has been re-evaluated, and qualified users have been determined based on the collected participation certificates. The 2% share will be open for collection at 00:00 (Beijing time) on March 7, 2025. In addition, RedStone plans to allocate an additional 4.5% of RED six months after TGE (September 6, 2025), with the total supply to support DeFi projects using RedStone's price oracle, and will be further distributed by these projects to its ecosystem users. Currently qualified projects include multiple DeFi platforms such as Euler, Gearbox, Pendle, Venus, Fraxlend, Evaa, and Angle.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More