PANews, March 6 - In response to community concerns, RedStone has announced adjustments to the airdrop selection process and distribution for RED. In addition to the original 5% total supply Miner airdrop, RedStone has decided to allocate an extra 2% of the total RED supply from the "ecosystem and data providers" to compensate contributors who were initially overlooked. The eligibility for the additional airdrop has been re-evaluated, and qualified users have been determined based on the collected participation evidence. This 2% allocation will be available for claiming starting from March 7, 2025, 00:00 (Beijing time).
Furthermore, RedStone plans to redistribute 4.5% of the total RED supply to support DeFi projects using the RedStone price oracle, 6 months after the TGE (September 6, 2025), and these projects will further distribute it to their ecosystem users. The current qualified projects include Euler, Gearbox, Pendle, Venus, Fraxlend, Evaa, Angle, and several other DeFi platforms. RED trading is still ongoing normally on various platforms, and RedStone stated that they will continue to optimize the community incentive mechanism in the future.
