It is accused of airdropping PUA, price fluctuations, penetrating Redstone's pre-market reds and blacks

Author:Shenchao TechFlow

"Red and black are the interweaving of ambition and reality, and the collision of desire and coldness."--"Red and Black"

In the crypto market, the rise and fall of prices is a never-ending game; and the success or failure of a project is more like a battle of trust and doubt.

As depicted in the classic "Red and Black", red symbolizes passion and hope, while black represents shadow and crisis.

This "red and black" contrast is particularly sharp when we look at RedStone, a project recently launched on Binance Launchpool:

As a representative of the new cross-chain oracle, RedStone has previously attracted market attention with its innovative multi-chain architecture and strong investment background, including Coinbase Ventures and Blockchain Capital.

In the past week, this "redstone" has once become a highlight in the dull market, and its token RED's price performance in Binance's pre-market market was once red.

However, as the popularity heats up, the recent hot airdrop controversy among social media and the abnormal price movements in pre-market prices have gradually been exposed, making this "redstone" gradually "black" in the eyes of some community members.

A red and black, a test of community trust and market rules.

Red stone in the daily limit test

In the crypto market, innovation is often the key to attracting attention.

The "Price Cap Mechanism" launched by Binance for RedStone (RED) has undoubtedly become the biggest highlight of this experiment.

On February 25, 2025, Binance announced that it will test this mechanism in Launchpool's pre-market trading, aiming to control volatility by limiting price increases and avoid the "Christmas tree"-like violent fluctuations that are common in the early stages of token issuance.

Since RED was launched in the pre-market market, this mechanism has quickly sparked market heat.

During three consecutive days of trading, the price of RED repeatedly hit the limit limit, and after the price limit was lifted, it soared to US$1.4, becoming the focus of the pre-market market.

As of now, RED is currently at US$0.83, with a market value of US$33 million, and a fully circulating market value of US$830 million. For a project that has just been launched in the market bear market, its initial performance is indeed impressive, and it also gives everyone the feeling that "the daily limit cannot be blocked."

If you can make money, everyone will naturally like it.

The daily limit mechanism has indeed brought market heat to RED, but behind this "red", its applicability remains to be tested.

Although the continued rise in prices has attracted a lot of attention, it may also mask potential problems that may ferment in the community.

Black dots in airdrop dispute

The entanglement point of interests is still airdrop.

In previous gameplay, RedStone launched three "exploration activities" through Zealy and Discord platforms, requiring community members to complete different tasks, such as studying technical documents, writing and analyzing articles, producing image materials, and even continuously outputting content during the Spring Festival holiday.

These tasks are advertised as an opportunity to "build an ecosystem together", and community members earn RSG points by completing tasks, RedStone promises that these points will be key credentials for future RED token airdrops.

To put it more bluntly, this wool is a bit slim.

According to its Token Economics ( RED Token Economics ), RedStone plans to allocate 48.3% of the tokens to ecosystems and communities, with 10% of which is used for initial community claim, and is highly expected by community players.

However, on March 5, 2025, when RedStone announced its airdrop results, the enthusiasm of the community quickly cooled down.

The official announcement was that only 2.19% of the community members (4,386 people in total) received RED token rewards, and the remaining large number of players' RSG points were judged invalid, and the Liver Emperor seemed to have nothing in the end.

If you don’t worry about lack of weight but inequality, you may get nothing in liver tasks, but if you have an identity, you may get airdrops.

According to the official description of RedStone, identity in Discord has become the key to obtaining airdrops. Qualified roles include Vein Master, Deep Miner, Professor, IRL (has participated in offline activities), etc. Public data shows that the proportion of people with the above roles in the project DC group is only 2%.

Therefore, based on the total number of people in the community is about 230,000, the person who can get this airdrop is 4,000+ mentioned above.

As soon as the airdrop result came out, dissatisfaction among community members on various social media began to spread.

Some netizens joked that they said, "Don't worry if you haven't got the RED airdrop, because you will never walk alone."

The more angry players directly started to accuse, such as some black posts were quickly forwarded in Chinese and English communities, with sharp strokes and even a little hostile words, pointing directly at RedStone to harvest community users through squeeze.

As a neutral observer, the author has no way to verify whether the accusation text of these posts is true; but the resentment of the community cannot be ignored. After all, stories that can carry boats and can also overturn boats are frequently staged in the encrypted world.

But in the essence, the anger of the community, to put it bluntly, "I worked hard but I was not qualified."

Many users are still excluded even if they accumulate millions of points and are regarded as "ineffective labor": the reward ratio of only 2.19% highlights the clichéd "airdrop PUA" problem - that is, the project guides users through high-intensity tasks before the token is launched, but fails to fulfill their promises completely as expected.

When the efforts of community members are gradually demoted to victims of "digital contract workers", players in the game will naturally feel that they have been PUA to promote the project for free, and in the end, the fruits of the revolution were stolen by people with more identities.

Pre-market price changes

On the premise that the above-mentioned airdrops make community members unhappy, if there is any abnormality in the price of the token, it will obviously deepen everyone's misunderstanding and distrust.

This afternoon, some community members posted screenshots, and the price curve of RED before the market showed a very outrageous oscillation, completely unlike the normal price trend.

Subsequently, the well-known KOL @_FORAB also discovered similar problems and speculated that RED's market makers seemed to have problems, and a large number of orders were withdrawn, resulting in a large wave of high price spreads.

This situation can easily lead people to mistakenly think that market makers are playing a one-man show, driving prices back and forth without proportional retail competitors.

However, Stephen, the Chinese community manager of RedStone, then clarified in the comments section that the problem was not caused by market makers. RED did not have market makers to participate in the market before the market, and the price changes were actually caused by the trading rules that could only trade 5,000 REDs per person.

Subsequently, Binance officially responded that the RED/USDT limit order function failed between 11:39 and 12:09 on March 6, 2025, but the market order function was used normally and the platform has been repaired.

Judging from the results, although the matter did not originate from market makers, the current situation where the sentiment in the RedStone community is already unstable, the drastic fluctuations in prices have also made the "manipulation theory" spread rapidly in the community.

Although both RedStone and Binance have clarified the actual reasons for the problem, retail investors tend to believe conspiracy theories rather than technical explanations in the crypto market. This public opinion effect further aggravates the distrust of the community.

Summarize

With the word "profit", there is always a subtle relationship between project parties and communities in the crypto industry: they need each other, but sometimes they also feel hurting each other.

From its innovative multi-chain architecture to Binance's daily limit mechanism, to airdrop disputes and price changes, this project has experienced a high level of market attention in a short period of time and has also suffered severe tests of community trust.

The results of RedStone's airdrop disappointed most participants and even raised questions about "PUA" type of pressing. This sentiment is extremely contagious in the crypto market, especially in an environment where communities are highly sensitive to equity.

For RedStone, the challenge for the future is how to repair community relations and establish more transparent and robust mechanisms at the technical and operational levels.

Perhaps, from a larger perspective, what we need not only technological innovation, but also profound insight into community sentiment and comprehensive optimization of market rules.

Get the community and win the world.