The modular DeFi oracle RedStone has openly rejected gossip about alliances with Web3Port, a web3 accelerator platform, and Whisper, a market maker.
RedStone (RED) has refuted untrue rumors of collaboration with Web3Port and Whisper, asserting that neither entity has swayed its market actions or rendered services to RedStone. According to RedStone’s declaration, any assertions about the aforementioned alliances are false and without its approval or awareness. The firm has sought the elimination of these bogus declarations, but some remnants may still be circulating online.
In addition to dismissing untrue gossip, it is apparent that RedStone may not desire to be linked with these entities, as any association could have harmful impacts, as the firm stated in its declaration. Pump.fun Introduces PumpSwap DEX for Instant Token Swaps
RedStone’s anxieties are not baseless, as Web3Port and Whisper have reportedly been connected to recent debates surrounding Binance’s trading volume manipulation and price stabilization infringements. While Binance has not formally revealed the identity of its market maker, industry insider AB Kuai Dong has implied a likely connection to May Liu, recognized for operating market maker Whisper and also implicated in incubating Web3 projects through Web3Port.
At the market-making echelon, RedStone is already employing the services of other respectable firms. It is worth noting that it has allied with Keyrock, recognized for furnishing liquidity on major cryptocurrency exchanges. It also collaborates with Auros, a high-frequency trading firm and global liquidity provider that processes over $1.5 trillion in trading volume yearly. Keyrock and Auros are both official partners under the RedStone Guard program, which obliges participants to undergo a thorough onboarding procedure, encompassing comprehensive legal checks and performance assessments, to guarantee that only top-tier partners are implicated.
RedStone refutes gossip of cooperation with Web3Port and Whisper.
Notwithstanding the contemporary hearsay, RedStone’s virtual currency, RED, has demonstrated striking flexibility. It has increased by 4% today, 10% over the preceding week, and an enormous 74% in the prior month. This intimates that either the hearsay hasn’t affected RED’s value or that RedStone has efficiently tackled the misgivings.”
