# RedStone Oracle system

**Published by:** [moradi1990.eth](https://paragraph.com/@moradi1990.eth/)
**Published on:** 2023-12-06
**URL:** https://paragraph.com/@moradi1990.eth/redstone-oracle-system

## Content

🚀 Welcome to the world of RedStone, an innovative Oracle system that is revolutionizing the DeFi space! 🌐"Diving rightBorn in 2021, RedStone has gained significant traction since its first production deployments in January 2023. It's an Oracle that delivers frequently updated, reliable, and diverse data feeds, making it an invaluable asset for developers and businesses alike. 📊🔁RedStone's potential transcends the limitations of individual L1s and L2s, offering support across multiple platforms.https://redstone.financeRedStoneRedStone delivers frequently updated, reliable and diverse data for your dApp and smart contracts. This versatility allows developers and businesses to access diverse data feeds without being restricted to a specific blockchain network. 🌉Redstone has received support from top-class investors and angels, including Coinbase, Blockchain Capital, Gluk64, el33th4xor, Sandeep Nailwal, and Stani Kulechov. 💰One of the exciting initiatives by RedStone is the #RedStoneExpedition. This exhilarating campaign offers a wide range of challenges, events, and innovations, with a key focus on RSG mining. ⛏🗺 RedStone Gems (RSG) are on-chain points rewarded to the Expedition participants and RedStone contributors. The entire transaction history, point calculations, and verification of the RSG points system are safely maintained on the @ArweaveEco blockchain using @warp_contracts SDK technology. 🌀🐘 You can accumulate RSGs in several ways: Be active on RedStone’s Discord server 📝 https://discord.comJoin the RedStone Discord Server!RedStone is an Oracle that delivers frequently updated, reliable, and diverse data feeds for your dApp & smart contract. | 44390 membersParticipate in campaigns (e.g., Galxe) 🎁 https://galxe.comJoin RedStone Oracles on GalxeContribute to RedStone Oracles on Galxe and collect NFTs, bounties, quests, and loyalty points. Start your Web3 journey today.Join the Miners Ambassador Program 🔮 https://redstone-finance.notion.siteRedStone Miners Ambassador ProgramWelcome to the RedStone Miners Ambassador Program! RedStone quickly becomes a top player among Oracle projects because of its high-tech features. Now, we want to make things even better by building a robust and active community. You can actively shape the future of Oracles by stepping into the role of a Miner!Participate in on-chain activities with RedStone partners 👥Create content about RedStone 📝Complate zealy taskshttps://zealy.ioZealy - Join the movementA simple, fun & creative way to join trendy communities, make an impact and earn rewards.The Expedition is already underway, and you can start collecting RSG points now. However, the three seasons are expected to commence as follows:Season 1: Late 2023 and early 2024 🗓Season 2: First half of 2024 🗓Season 3: Second half of 2024 🗓Join the RedStone Discord and start your journey. You can link your wallet using the /linkwallet command and start being active. You can check your RedStone gems using the /counter command. 📲💎https://docs.redstone.finance🪙 Tokenomics | RedStone DocumentationThe RedStone token has not been launched yet. Beware of scammers and anyone trying to sell you RedStone tokens.RedStone uses Arweave as an efficient and permanent storage layer for archiving oracle data, assuring accountability for data providers. Arweave’s ‘pay once, store forever’ model makes it an affordable and practical solution for oracle data. 📚🔐 According to @TheDataOS, RedStone has stored over 1 billion data points since its inception. Arweave is on-chain data at any scale and has proven to be the most robust decentralized solution for oracle data storage. 📈 In conclusion, RedStone holds great promise and is definitely worth your attention. 📣🚀 RedStone, your Oracle for reliable and diverse data feeds, is here to revolutionize the next wave of dApps by offering them relevant data with low latency. Stay tuned for more updates! 🎉 Follow redstone on : https://www.linkedin.comRedStone Oracles | LinkedInRedStone Oracles | 736 followers on LinkedIn. Oracles data ecosystem with custom, crypto and Real World Data for DeFi, Smart Contracts & Web3 - We're Hiring! 🛠 | RedStone creates cross-chain data oracle providing pricing data for Smart Contracts & DeFi protocols 💾 Our mission is to unlock Web3 potential with affordable and reliable data feeds delivered to multiple chains including i.e.https://hey.xyzHeyHey.xyz is a decentralized, and permissionless social media app built with Lens Protocol 🌿SubscribeCollectShare

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