Topics Blockchain

RedStone (RED): Price Feeds Designed by Builders, for Builders

Intermediate
Blockchain
Explainers
Altcoins
26 Feb 2025

While blockchains are indeed powerful, they don't always operate in a vacuum. To function with real-world data, blockchains need a way of getting extra information into their systems. This is where blockchain oracles like RedStone can help. RedStone's blockchain oracles make it much easier to transfer information between systems. Furthermore, RedStone’s modular architecture is designed by builders, and for builders. To learn more about what this means — and why it's so important — explore this guide to the RedStone community and token. 

Key Takeaways:

  • RedStone is a modular set of blockchain oracles that developers can use to take information from the outside world and add it to their blockchains, or vice versa.

  • Looking to trade RedStone tokens? Bybit now offers RED on its Pre-Market Spot Trading and Pre-Market Perpetuals platforms.

EN_2409-T35020_Learn_Read_to_Earn_728x90.png

What Is RedStone?

RedStone is a modular set of blockchain oracles that developers can use to take information from the outside world and add it to their blockchains, or vice versa. Currently, over 100 decentralized applications (DApps) use RedStone, for example to check blockchain pricing or track real-world assets.

History of RedStone

RedStone was founded by Marcin Kaźmierczak, Alex Suvorov and Jakub Wojciechowski. Wojciechowski is the co-founder of another blockchain startup, Alice. He has experience working as a blockchain architect and smart contracts auditor. During his previous decentralized finance (DeFi) jobs, Wojciechowski encountered many other types of oracles, and was inspired to create his own, more effective blockchain technology. To accomplish this, he teamed up with Kaźmierczak — a business administration expert who founded the ETHWarsaw conference — and Suvorov, an expert software developer who helped to create Arweave's oracle platform. RedStone was founded in 2021 and launched its mainnet in 2024. 

What Does RedStone Aim to Achieve?

RedStone aims to build a blockchain oracle that can fully address the needs of DApp developers. While countless projects want to be able to use outside data for their blockchain ecosystems, they often struggle to find secure, customizable and cost-efficient options. 

RedStone hopes that its solution is more scalable, and can provide sustainable oracle economics — no matter how many users work with it. It also relies on a modular oracle design that makes it more flexible. 

RedStone believes that developers who use its price and data feeds will be able to choose the features that work for their projects, and discard the unnecessary ones. In addition to scalability and flexibility, RedStone also endeavors to prioritize security. By using a system built on critical systems engineering, the company hopes RedStone oracles can remain secure and operational even during systems failures and malicious attacks.

How Does RedStone Work?

RedStone’s core architecture is centered on a four-part process: 

  • First, real-world data is collected from external data providers, such as crypto exchanges and software programs. This data is sent to independently operated nodes that process and package the data. 

  • Node operators validate this real-world data and send the signed data to the data distribution layer. 

  • The data distribution layer then sorts data and distributes the data to Streamr gateways. 

  • Finally, the data is passed from the gateways to consumers, who incorporate the data into blockchain systems. 

RedStone oracles implement three different essential data delivery mechanics into its system. Most oracles are either push oracles — which constantly update data for the blockchain — or pull oracles, which only update data when requested. While two of RedStone's modules follow these traditional designs, it also features an innovative hybrid model that can update from data providers continuously or on-demand as needed. The modular architecture of RedStone allows people to select exactly the type of oracle they need without unnecessary details. 

Features of RedStone

RedStone stands for versatility and customization, so it works hard to provide its users with many different services. Following are some of the most common reasons people use the RedStone modular oracle system.

Flexible Oracles

The modular oracle is the mainstay of the RedStone blockchain ecosystem. Developers can incorporate a variety of oracle designs into their DApps, and the tools manage both design and upkeep for developers. Not only do users have access to pre-written smart contracts that are fast and simple to use, but RedStone will also ensure all data is up-to-date. 

Price Feeds

RedStone’s price feeds collect pricing data from a variety of data providers. Developers can choose price feeds from specific exchanges, or they can receive averages and summations that look at the total value of pricing around the globe. RedStone also offers custom pricing methodologies to suit unusual risk parameters, as well as other design needs.

Blockchain Integration

In addition to working with specific apps, RedStone also offers integration directly into blockchain systems. A company looking to have a built-in oracle in its blockchain can meet with RedStone for configuration help. The RedStone team will work to implement the technology in users' chains, and then help promote the chain because it’s part of the RedStone community.

AI

For those interested in artificial intelligence (AI), RedStone offers data feeds powered by AI. Its blockchain technology uses AI to enhance accuracy and avoid security issues. The company also offers an AI communication layer that helps developers with their tasks. 

RedStone Road Map

RedStone has recently been working on releasing many new features, such as RedStone AVS and RedStone AI. While it hasn't produced a definitive road map for 2025, the system has hinted that it will continue to work on enhancing its technology. According to the company's website, it hopes to soon add AI-enhanced price feeds that use AI for volatility prediction and outlier detection. Another big focus for RedStone's ecosystem growth is decentralization. Throughout the upcoming months, the project will be working to onboard more data providers and create more opportunities for the RedStone community to participate in network operations. 

RED Tokenomics

RED is used to provide rewards — for example, for the RedStone AVS staking program. Its ultimate goal is to assist with decentralizing its entire network. 

The RED token has a maximum supply of 1 billion tokens, but only 300 million are available for the token’s launch. The remaining 70% of the token supply will slowly be unlocked per a four-year vesting schedule, and will be distributed according to the following method: 

  • Early backers: 32%

  • Ecosystem and data providers: 28%

  • Core contributors: 20%

  • Protocol development: 10%

  • Community and genesis: 10%

RED Price Prediction

Though the RED crypto token hasn't yet launched, there’s been some speculation around its price. Pre-market trading for RED is already pricing the token at around $0.70 to $0.90. Coinbay reports that its community is predicting RED token prices will reach at least $1.50. Other crypto enthusiasts believe that a price around $1 is too conservative. Since a large proportion of the token's maximum supply will be locked at launch, the tokens may be rare enough to command a higher price. PANews predicts that RedStone will launch at a price of around $2.

Where to Buy RED

RED tokens haven't officially launched yet, so they're not trading on most token exchanges. However, if you want to get an early start on your investing, you can buy RED through Bybit's Pre-Market Spot Trading or Bybit's Pre-Market Perpetuals. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the RED Pre-Market Spot Trading page or RED Pre-Market Perpetuals page. 

Skinny_Banner-1600x400.webp

Is RED a Good Investment?

There’s a good reason that RED is one of the hotly anticipated tokens of early 2025: it’s expected to have a lot of utility in a reliable and frequently used system, so its price is likely to remain stable. Furthermore, the token is linked to a lot of exciting new upgrades, including RedStone AVS and AI blockchain technology, which will help it to retain momentum after launch. These indicators suggest that investing in the RED token could prove rewarding.

Nevertheless, it's impossible to guarantee a crypto token price before launch. There isn't a lot of pricing data for the RED token yet, so it's hard to predict how much value it will have for investors. As the total value of the token increases due to unlocks, RED’s price could get pushed down. Additionally, general volatility and market swings could cause decreases in RED’s price. Therefore, anyone who invests in this token needs to remain cautious and approach their investment thoughtfully. 

Closing Thoughts

The RedStone project currently stands for sustainable oracle economics, convenient developer tools and accurate data feeds, and it's no surprise that so many DApps and chains already use it. As the system begins to focus on ecosystem growth, it might also attract attention from crypto investors. Now that this system is finally releasing its own cryptocurrency, it will be able to offer even more features to the world of DeFi.

#LearnWithBybit