On September 17, 2025, Upbit, South Korea’s largest cryptocurrency exchange, disclosed revisions to the Redstone (RED) circulation plan, as requested by the Redstone project team, per ItsBitcoinWorld and [post:0]. This update, effective immediately, adjusts the token’s release schedule, vesting periods, and distribution mechanisms to align with evolving market conditions and development milestones, per. Redstone, a modular oracle protocol providing scalable data feeds for DeFi and RWA tokenization, saw its RED token surge 83% to $1.19 following Upbit’s KRW market listing on September 5, 2025, per .
The updated plan refines Redstone‘s tokenomics, including a slight reduction in circulating supply due to employee compensation adjustments, salary increases, and bonus reallocations, per . Key changes include:
These modifications aim to enhance token stability and foster sustainable growth, per. Upbit emphasized that such updates are disclosed at the project’s request to maintain transparency, per .
The Redstone team initiated this update to adapt to market dynamics and regulatory landscapes, including SEC Chair Paul Atkins’ non-security classification for most crypto assets, per. Factors include:
This reflects Redstone’s commitment to a healthy token economy, per.
For RED holders, the revisions could stabilize prices by controlling supply, potentially reducing volatility after the 55% post-listing spike, per . With RED trading at $0.78 (up 55% daily), the update may support a push toward $0.77–$0.86 resistance, per . However, a retest of $0.60 support is possible if altcoin sentiment weakens, per . The changes enhance liquidity on Upbit’s KRW pair, benefiting Korean investors, per . Broader implications include stronger DeFi adoption, with Redstone leading RWA development via Arweave integration, per .
Upbit’s role ensures accurate trading information, per. Holders should:
The update signals Redstone’s maturity, potentially driving RED to $2 by 2026 if oracle demand grows, per.
