How to Register for RedStone Airdrop and How to Play: Complete Guide!

Bittime - RedStone is an innovative oracle that offers more flexible and affordable data solutions for the DeFi ecosystem. 

So, currently the project is holding an airdrop program. Learn the complete guide on how to register for the RedStone airdrop and how to play in this article!

What is RedStone?

Source: RedStone

RedStone is an oracle platform that provides real-time updated data for decentralized applications (dApp) and smart contracts. The platform is available on various Layer 1 and Layer 2 blockchains. 

Unlike traditional oracles, RedStone uses Arweave-based storage technology. This is to present data at a lower cost and higher speed.

Read also: RedStone (RED) Will List on Binance! Pre-Market Opens February 28, Get Ready to Watch!

How RedStone Works and Main Features

After knowing the meaning, you also have to know about how it works and its main features. RedStone has several key advantages that differentiate it from other oracles. These include the following:

1. Cheap Data Storage: Using Arweave technology, allows data storage at a lower cost than Ethereum.

2. On-Demand Data Collection: Data is not directly stored on the blockchain, but is stored in a decentralized cache and only fed to the blockchain when needed.

3. Flexible Data Flow: RedStone can present various types of data, including asset prices, NFT data, sports statistics, and even credit scores.

4. Security and Reliability: Data is provided by various providers and secured with a staking mechanism to ensure the accuracy of the information.

5. Cross-Chain Oracle Solutions: RedStone data can be used on various blockchains that support basic cryptography.

RedStone (RED) Token Tokenomics

Source: RedStone

RedStone introduces RED tokens with the following distribution:

Total Supply: 1 billion RED tokens.

Network: Ethereum Mainnet.

Distribution:

• 48.3% for community and ecosystem growth.
• 10% for protocol development.
• 20% for major contributors.
• 28.3% for data and ecosystem providers.
• 31.7% for early investors.

Vesting: 70% of RED tokens are locked and will be released gradually over 4 years.

Benefits for Stakers: RED token holders who stake will get rewards in the form of assets such as ETH, BTC, SOL, and USDC.

Read also: RedStone: What is it, and the Airdrop Rumors?

Detail Airdrop RedStone

RedStone is currently holding Expedition Season 3. The project is in collaboration with ZeroLend, with total rewards 100 million RSG points. This campaign focuses on depositing users $LBTC di Base Chain.

Important details:

• Gift: 100 million RSG points + Zero Gravity points with a 5x multiplier.
• Conditions: Only for new users who deposit $LBTC.
• Period: Until the launch of TGE token RED.

How to Register for RedStone Airdrop

Want to participate in this airdrop program? Here are the steps to register the RedStone airdrop:

1. Connect Wallet

• Connect your EVM wallet (Metamask or WalletConnect) to Warpy via the RedStone Discord server.

2. Deposit $LBTC Base Chain

• Use the bridge to transfer $ETH to the Base network.
• Convert $ETH to $LBTC on platforms like Aerodrome, ODOS, and DeFiLlama.

3. Stake $LBTC

• Deposit $LBTC into Lombard Finance.
• Supply $LBTC pool in ZeroLend Base Network.

4. Complete Tasks in Zealy

• Follow the mission in RedStone Zealy Quest and collect free XP.

How to Play RedStone Airdrop

After registering, you can immediately play the airdrop. You can increase your chances of getting rewards in the following ways:

• Collect RSG Points: The larger the amount of $LBTC you deposit, the more points you get.

• Participate in the ZeroLend event: Take advantage of the 5x multiplier bonus for more rewards.

• Complete the Zealy mission: Increase your rank by completing various social and technical tasks.

• Use a looping strategy: Redeposit funds to increase the number of airdrops received.

Read also: What is the meaning of the LayerEdge Foundation that is busy on social media?

Conclusion

The RedStone airdrop provides a golden opportunity for crypto users to get RED tokens for free. By following the steps above, you can maximize the potential profits from this program. 

After knowing the meaning, tokenomics, airdrop details, and how to play RedStone airdrop, are you interested in this crypto project? If yes, follow the tutorial above, OK!

FAQ

1. Is RedStone Airdrop Free? 

Yes, this airdrop is free, but you need to deposit $LBTC to qualify for rewards.

2. What are RSG Points? 

RSG Points is a points system used in the RedStone airdrop campaign to determine prize allocation for participants.

3. When will RED Token Launch? 

RED token is expected to launch on February 28 with support from Binance Launchpool.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

airdrop.io, RedStone, accessed February 26, 2025.

RedStone Blog, Introducing RedStone, accessed February 26, 2025.

Author: Y