Binance Alpha made an announcement regarding an airdrop for Redacted's new RDAC token, marking the platform as the first to host this asset. Following the token's initial launch, RDAC experienced a more than 40% decline in value, but it gradually recovered over the course of the day.
RDAC serves as the driving force behind Redacted's startup accelerator ecosystem, granting users access to a diverse range of Web3-focused platforms. It already offers staking capabilities, allowing holders to earn additional rewards passively.
Binance Alpha, part of the world's largest cryptocurrency exchange, has been actively involved in organizing various airdrops. Recent data indicates that the exchange dominates 94% of the airdrop and staking market, while traders focusing on airdrops contributed to Binance Alpha's trading volume exceeding $2.8 billion.
The unveiling of the RDAC airdrop by Binance Alpha garnered significant attention, making an impact in the community. Facilitating the debut of Redacted's RDAC token on May 13, 2025, at 10:00 UTC, Binance became the pioneering platform featuring RDAC.
Qualified Binance users possessing at least 205 Alpha points can claim 482 RDAC tokens in the airdrop on the Alpha Event page from 10:00 UTC on May 13, 2025.
Redacted, established in 2021 as a platform fostering startup growth across various Web3 sectors, released RDAC initially in a private sale in March, surpassing its funding target of $3 million.
RDAC empowers Redacted's extensive blockchain ecosystem, encompassing diverse infrastructure platforms, staking rewards, and more. Through these platforms, users can access features such as cross-chain bridging, a DePIN GameFi project, marketplaces, NFT minting, and other services.
The proceeds generated from these platforms are reinvested in the ecosystem to ensure the long-term sustainability of RDAC.
Despite the selling pressure often associated with crypto airdrops, RDAC faced a substantial decline in value following its launch on Binance due to speculative investors swiftly divesting their holdings. Nevertheless, the token has gradually recovered, indicating community interest in both acquiring RDAC and engaging with Redacted's ecosystem.
The positive price movement of RDAC post the Binance airdrop hints at optimism regarding the ecosystem’s potential sustainability. Redacted has been diligently establishing its startup accelerator over the years and holds ambitious plans for the future. The high-profile introduction on Binance sets RDAC on a path towards sustained success in the long run.