RED

RED TOKEN is a digital asset designed to support and enhance the global entertainment industry, particularly in Japan. Operating on the Ethereum blockchain, it is part of the Red Token ECONOMY project, which aims to create an engaging platform for content creators and consumers . The project is a collaboration between FIDA, Inc. and TOKYO ESPORTS GATE, Inc., and it seeks to leverage token incentives to invigorate fan communities and foster the growth of high-quality entertainment content .

The RED TOKEN price today is $0.053913, with a 24-hour trading volume of $33,492, a market cap of $25,438, and a market dominance of 0.00%. It has a circulating supply of 6.50 billion RED out of a maximum supply of 100 billion RED .

The platform on which RED TOKEN operates, Telos EVM, is known for its cutting-edge solutions that address common Layer 1 blockchain issues such as performance, scalability, and energy consumption. It offers a fixed gas fee on all transactions, making it resistant to front-running and other transaction-priority manipulations .

In terms of security, RED TOKEN and other cryptocurrencies must be handled with care. It is essential to use secure wallets, enable two-factor authentication, and be cautious of phishing scams and other malicious activities that could compromise your assets .

For those interested in the technical aspects of RED TOKEN and its operation on Telos EVM, the architecture allows for the use of common tools like remix, hardhat, truffle, web3, ethers.js, etc., and it processes transactions using TLOS tokens as gas instead of ETH. The fixed gas price and the community-governed nature of Telos ensure a fair and secure trading environment .