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RedStone（RED）token's issuance and market dynamics provide us with some interesting information. According to the report, the total supply of RED is 1 billion, of which 4% will be distributed as rewards through Launchpool, amounting to 40,000,000 RED. This means that users participating in Launchpool can obtain a portion of the RED token rewards.
When listed on Binance, RED's initial circulating supply will be 280,000,000, accounting for 28% of the total supply. This relatively large proportion of circulation means there will be a significant amount of RED tokens available for trading in the market, which could have a considerable impact on price fluctuations.
Overall, RedStone's issuance strategy seems to incentivize community participation through Launchpool, followed by releasing a larger token supply at the time of exchange listing, which may lead to an initial market oversupply and price volatility.
What are your views on the market performance of this token?
#BED #FTT #BTC #sui #XRP $BNB $ETH $ADA
When listed on Binance, RED's initial circulating supply will be 280,000,000, accounting for 28% of the total supply. This relatively large proportion of circulation means there will be a significant amount of RED tokens available for trading in the market, which could have a considerable impact on price fluctuations.
Overall, RedStone's issuance strategy seems to incentivize community participation through Launchpool, followed by releasing a larger token supply at the time of exchange listing, which may lead to an initial market oversupply and price volatility.
What are your views on the market performance of this token?
#BED #FTT #BTC #sui #XRP $BNB $ETH $ADA
Is XRP about to explode in March? Historical trends reveal key signals!
XRP experienced a 30% deep correction in February, but historical data shows that March could be a key turning point.
Currently, XRP's price has stabilized around 2 USD and shows signs of rebound, with the market starting to focus on whether XRP can replicate past upward trends.
XRP fell in February, and the market has entered a period of adjustment.
XRP performed strongly at the beginning of this year, driven by the spot crypto ETF boom and regulatory benefits, briefly soaring to 3.39 USD, setting a new 7-year high.
However, in February, affected by the macroeconomic environment, the overall crypto market sold off, leading to a nearly 30% correction in XRP, dropping below the 2 USD mark.
Currently, XRP's price has stabilized around 2 USD and shows signs of rebound, with the market starting to focus on whether XRP can replicate past upward trends.
XRP fell in February, and the market has entered a period of adjustment.
XRP performed strongly at the beginning of this year, driven by the spot crypto ETF boom and regulatory benefits, briefly soaring to 3.39 USD, setting a new 7-year high.
However, in February, affected by the macroeconomic environment, the overall crypto market sold off, leading to a nearly 30% correction in XRP, dropping below the 2 USD mark.
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