Is RedStone a scam?
Asked about RedStone (RED), market cap rank #514.
Short answer
RedStone (RED) has been scored on isthiscoinascam.com and has a high score, indicating low scam risk based on the available data.
Source: isthiscoinascam.com · Updated 2026-06-08
Red flags raised
- Token supply can be minted by the owner
- A single wallet holds over 10% of supply
- Top 10 wallets hold more than 50% of supply
- Less than 50% of supply is circulating
Positive signals
- Tokenomics distribution and max supply publicly described by the project on its blog (RED supply/distribution and category percentages).
- At least one third-party security assessment is publicly listed (Hacken audit page for RedStone SDK).
- Team leadership is publicly listed on the project site.
Security audits
1 audit on record.
- Hacken (2025-03) — issues_resolved
Team transparency
The RedStone team is doxxed — public identities are known.
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