RedStone (RED) Price

## What is RedStone (RED)? RedStone (RED) is the native utility token of **RedStone**, a decentralised oracle network that provides scalable, cost-efficient, and customisable data feeds for blockchain applications. It enables smart contracts to access accurate and frequently updated data across multiple ecosystems, including Ethereum Virtual Machine (EVM) and non-EVM chains. RedStone introduces a modular architecture that separates data sourcing, processing, and delivery, aiming to improve efficiency and reduce gas costs compared to traditional blockchain oracles. ## How does RedStone Work? RedStone provides three distinct oracle models for data delivery: 1. **Push Model** - Data is stored on-chain and updated periodically. - Ensures constant availability and full control over update conditions. - Suitable for applications that require persistent on-chain data. 2. **Pull Model** - Data is fetched on-demand and included in user transactions. - Reduces gas costs and storage overhead compared to on-chain models. - Designed for low-latency applications, such as liquidations and trading. 3. **Hybrid Model (ERC-7412 Standard)** - Combines Push and Pull models, allowing applications to fetch data while maintaining an on-chain record. - Used for cost-efficiency and security, particularly in DeFi and financial applications. Each model is designed for different use cases, ensuring flexibility and reliability. ## What is RedStone (RED) Used For? RED is the core utility token of the RedStone network, supporting: ### **Staking & Economic Security** - Data providers stake RED tokens to ensure data accuracy and reliability. - RED holders can stake to support the network, contributing to oracle security. - Stakers receive rewards in assets such as ETH, BTC, SOL, and USDC. ### **Payment for Oracle Services** - Projects using RedStone pay for data feeds in various assets. - Payments are distributed to stakers and data providers. ### **Governance & Network Participation** - Future governance mechanisms may allow RED holders to influence network upgrades and fee structures. ## Key Features of RedStone ### **Multi-Chain Compatibility** - Supports over 70 blockchains, including Ethereum, Arbitrum, Optimism, Polygon, Avalanche, Fuel, and Starknet. - Enables cross-chain data access. ### **Customisable Data Feeds** RedStone provides specialised financial data, including: - Liquid Restaking Token (LRT) feeds. - Bitcoin DeFi (BTCFi) derivatives. - Traditional financial data (ETF prices, institutional rates). ### **Security & Data Verification** - Multi-source aggregation filters manipulated or unreliable data. - Cryptographic signatures ensure data authenticity. - Decentralised node infrastructure prevents single points of failure. --- ## Who Created RedStone (RED)? RedStone was co-founded by: Marcin Kazmierczak (Co-Founder) Alex Suvorov (Co-Founder) Jakub Wojciechowski (Co-Founder) ## Security & Data Integrity ### **Multi-Layered Data Validation** RedStone validates data through: - Median-Based Aggregation – Reduces the impact of manipulated prices. - Time-Weighted Average Price (TWAP) – Filters short-term price anomalies. - Liquidity-Weighted Average Price (LWAP) – Ensures pricing accuracy for lower-liquidity assets. ### **Cryptographic Data Signing** - Every data feed is signed cryptographically to verify authenticity. - On-chain verification ensures data sources remain tamper-resistant. ### **Redundant Data Sources** - Data is pulled from centralised exchanges (Binance, Coinbase), decentralised exchanges (Uniswap, Curve), and aggregators (CoinMarketCap, Kaiko). - Ensures high uptime and minimised risk of incorrect pricing.