PANews reported on March 6 that in response to community concerns, RedStone announced adjustments to the selection process and allocation of the RED airdrop. RedStone decided to allocate an additional 2% of the total RED supply from the "ecosystem and data providers" on top of the original 5% of the total supply for Miner airdrops to compensate contributors missed in the initial airdrop. Eligibility for the additional airdrop has been re-evaluated, and eligible users will be determined based on the collected proof of participation. The 2% share will be available for collection at 00:00 (Beijing time) on March 7, 2025.
In addition, RedStone plans to distribute another 4.5% of RED 6 months after TGE (September 6, 2025). The total supply is used to support DeFi projects that use RedStone price oracles, and these projects will further distribute them to their ecosystem users. Currently eligible projects include Euler, Gearbox, Pendle, Venus, Fraxlend, Evaa, Angle and other DeFi platforms. RED transactions are still proceeding normally on various platforms, and RedStone said it will continue to optimize the community incentive mechanism in the future.
