RedStone adjusts RED airdrop distribution, adding 2% to compensate missed community members
On March 6th, in response to community concerns, RedStone announced adjustments to the selection process and distribution of the RED airdrop. RedStone has decided to allocate an additional 2% of the total supply of RED from "ecosystem and data providers" on top of the original 5% Miner airdrop, to compensate for contributors who were missed in the initial airdrop. Eligibility for the additional airdrop has been reassessed, and qualified users will be determined based on collected proof of participation. This 2% allocation will be available for claim starting on March 7, 2025, at 00:00 (Beijing time).
Additionally, RedStone plans to allocate another 4.5% of RED, total supply, to support DeFi projects using the RedStone price oracle in the 6 months following the TGE (September 6, 2025), and these projects will further distribute to their ecosystem users. Current eligible projects include Euler, Gearbox, Pendle, Venus, Fraxlend, Evaa, Angle, and many other DeFi platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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