Dear CoinW users:
CoinW introduces an initial listing: RED/USDT trading pair on DeFi Zone, and hosts an “RED bounty program” with a reward pool of 10,000 USDT up for grabs! Details are as follows：
Deposit: 3/5/2025 12:00 (UTC)
Trading: 3/6/2025 13:00 (UTC)
Withdrawal: 3/7/2025 14:00 (UTC)
Project Analysis: CoinW Institute - RED Project Analysis
Event Duration: 3/6/2025 13:00----3/13/2025 16:00(UTC)
Featured Coin: RED
Event 1: Register and Deposit - Stack Your Rewards!
New users registered during the event, who traded RED/USDT no less than 20 USDT will receive a random airdrop of 3 USDT worth of RED! Additionally, users who deposit more than 100 USDT will receive an extra 3 USDT. It's on a first-come, first-served basis till all are given out, so don't miss out!
*Total Prize Pool: 3,000 USDT worth of RED
Event 2: Trading Bounty, Share the 5,000 USDT Prize Pool
Participants in RED/USDT trading with a transaction volume not less than 100 USDT will have the opportunity to share a prize pool of 5,000 USDT equivalent in RED tokens, distributed based on the proportion of their cumulative trading volume.
*Individual Share = (Individual Cumulative RED Trading Volume / Total Cumulative RED Trading Volume of All Users) * 5,000 USDT equivalent in RED
In summary, users meeting the minimum trading volume requirement will be eligible to receive a portion of the prize pool based on their contribution to the total trading volume in RED/USDT pairs. The more a user trades, the larger their share of the prize pool.
Event 3: Share the Joy - Invite Friends to Get Up To 100 USDT!
During the campaign period, invite new users to register, complete their KYC, and conduct a RED/USDT spot transaction not less than 20 USDT to unlock a prize pool totaling 2,000 USDT worth of RED. For every successful invitation, receive a reward starting from 3 USDT worth of RED. Rewards are given out on a first-come-first-served basis.
Each invited user must register through the inviter's affiliate link to qualify. Rewards distribution as follow
| New User Invited | Reward |
| 1 | 3 USDT worth of RED/new invite |
| 3 - 5 | 20 USDT worth of RED |
| 5 - 10 | 40 USDT worth of RED |
| >= 10 | 100 USDT worth of RED |
*Total Prize Pool: 2,000 USDT worth of RED
Event Details:
- Rewards can be accumulated.
- Event rewards will be distributed within seven working days after the event ends.
- Event rewards will be valued at the price at 24:00 after the event ends.
- To ensure the fairness of the event, malicious activities such as cheating, mass registration of fake accounts, etc., are strictly prohibited. Users engaging in activities that disrupt the normal operation of the event will have their eligibility revoked, and severe cases may result in the suspension of accounts.
- Market makers are not eligible to participate as independent accounts.
- CoinW reserves the right to the final interpretation of the event. If you have any questions, please contact CoinW Customer Service.
About RED
Project Introduction:
RedStone is a modular oracle platform designed to provide fast, accurate, and cost-effective data feeds for decentralized applications (dApps). Unlike traditional oracles that push data to the blockchain at fixed intervals, RedStone uses an on-demand data retrieval approach, storing cryptographically signed data off-chain and delivering it to smart contracts only when needed. This approach improves efficiency and significantly reduces costs for dApps. RedStone's modular architecture allows for easy integration of new assets and reduced latency, enabling dApps to scale more effectively.
Token Full Name: RED
Project Name: RedStone
Project Website: https://www.redstone.finance/
Project Documentation: None
Blockchain Explorer:
https://etherscan.io/token/0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de
*Risk Warning:
RED is a newly listed asset, and its initial price may experience significant fluctuations, leading to partial or total losses. Users are advised to participate cautiously and carefully consider their experience in trading digital assets and their risk tolerance before making any buying or selling decisions. CoinW's announcements and information do not constitute any trading advice. CoinW will not be liable for any direct or indirect losses resulting from reliance on this information. CoinW does not assume any guarantee or compensation responsibility for user-initiated actions such as purchases or lockups.
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CoinW
3/5/2025