The modular Defi Oracle Redstone has refused the circulating rumors about cooperation with Web3 Acceleration Platform Web3port and market manufacturer.
Redstone (red) removed False rumors about cooperation with Web3port and Whisper, which states that none of these entities influences their market activities and has never provided services to Redstone. According to Redstone’s announcement, all claims of the aforementioned partnership were false and made without their permission and knowledge. The company demanded that these false claims were removed, but some traces can still circulate online.
Apart from just removing false rumors, it is clear why Redstone may not want to associate with these entities, because each association can have negative consequences – as the company has stated in the announcement.
Redstone’s concerns are not unfounded because both Web3port and Whisper are reportedly linked Recent controversies Around the manipulation of trade volumes and violations of price stability on Binance. Although Binance has not officially announced the identity of the market maker behind it, an industry insider AB Kuai Dong is suggested A potential connection with May Liu, who is known to run the market maker and is also associated with incubating web3 projects via Web3port.
When it comes to making market, Redstone already uses services from other companies with proven track records. In particular, it cooperates with Keyrock, which is known for offering liquidity between major crypto exchanges. It also works together with Auros, a high -frequency trading company and a global liquidity provider who processes more than $ 1.5 trillion on trade volume every year. Both Keyrock and Auros are official partners among those of Redstone Monitoring programFor which participants have to undergo a rigorous onboarding process, including strict legal checks and performance evaluations to ensure that only top partners are involved.
In the meantime, Redstone has risen by 4% on the daily period, last week by 10% and 74% in the past month. This suggests that the rumors had no influence on the price of red or that the company stepped early enough to clarify things.
