Binance News

Original title: (Only 4,000 eligible addresses, has RedStone's airdrop angered the masses?)

Original author: Alex Liu, Foresight News

On the evening of March 5, RedStone launched the airdrop query. Since its listing on Binance's pre-market on February 28, RED has hit the newly introduced price limit mechanism on Binance for three consecutive days, reaching above $1.40 after the price limit was lifted, currently reported at $0.87, with a market cap of $34 million and a fully diluted market cap of $860 million.

As the latest Launchpad project from Binance, RedStone has attracted considerable attention in the community, along with many participants in the airdrop activity. As a price oracle provider known for its low cost, the project has not experienced any major pricing errors since its launch and has received support from well-known investment institutions like Coinbase Ventures and Blockchain Capital. However, after the airdrop query page went live last night, the community's reputation took a sharp turn for the worse, with some netizens even calling it a 'scam project.' Why is that?

In the vast universe of crypto, stories of resilience often capture the hearts and minds of investors and enthusiasts alike. Few, however, compare to the inspiring journey of $DARAM, an Ethereum token that has become a beacon of community strength and persistence. What began as a promising meme token almost vanished into the crypto void, only to be resurrected through the unyielding will of its community. Known now as "The Chosen $DARAM," this token's tale is a powerful narrative of overcoming betrayal, adversity, and the odds in the crypto world.
A Phenomenon from Birth
The story of $DARAM began with high hopes and rapid momentum. As a new entrant into the meme token space, it caught the eye of investors and meme enthusiasts alike. With a quirky name and a promising start, $DARAM quickly became the talk of the crypto community. Within a mere week of its launch, $DARAM's market cap rocketed to an impressive $58 million—a testament to the enthusiasm and high expectations surrounding this token. Investors flocked in, convinced that $DARAM was destined to be the next big thing in the Ethereum meme coin arena. But just as it reached its peak, a shocking twist emerged.
Betrayal at the Peak
Just when $DARAM seemed unstoppable, the project’s original developers turned their backs on it in an unexpected move that sent shockwaves through the community. Without warning, they launched a new token, shifted their focus, deactivated $DARAM’s social media channels, and disbanded the Telegram group where thousands of community members had gathered. This abrupt abandonment shattered trust and left investors in dismay, questioning whether $DARAM could survive or if it would become just another cautionary tale in crypto history. Yet, as faith in the token wavered, the community’s resilience only strengthened.
Rising Through Adversity
The betrayal of the developers might have spelled the end for many projects, but $DARAM was not destined to go quietly. Its community, affectionately calling themselves “The Chosen Ones,” decided that they weren’t ready to let go of their beloved token. Despite the absence of the original development team, community members rallied together, refusing to let $DARAM fade into oblivion. Discussions began about how to keep the token alive, with every voice and idea adding strength to the movement.
In an extraordinary display of unity, the community took control of $DARAM, embracing a decentralized and self-governed approach. Members stepped up, pooling resources, skills, and ideas to push $DARAM forward. Together, they created a new path, one where community efforts would replace the developer-led model that had failed them. This period of growth and teamwork marked the beginning of true CTO (Community Takeover) autonomy.

Establishing True CTO Autonomy
Under the new structure, $DARAM was no longer just a meme token; it became a symbol of community empowerment and the ability to overcome setbacks. With each decision made through community consensus, $DARAM embarked on a new chapter, where every holder was now a decision-maker. The token was no longer controlled by a central entity but by the collective will of those who believed in its vision. Governance votes determined future directions, and dedicated members handled tasks once left to developers, from marketing to technical development.
The community’s drive also attracted new investors who were inspired by the collective effort to keep $DARAM alive. This shift wasn’t just about saving a token; it became a movement of retail investors fighting back against the power dynamics typically seen in crypto. Together, they breathed new life into $DARAM, transforming it into a powerful example of how a decentralized community can succeed, even in the face of betrayal.
A Legacy of Resilience
The story of $DARAM’s transformation from a developer-abandoned token to a community-driven powerhouse is more than a tale of financial recovery; it’s a testament to the strength of collective spirit and the potential of decentralized governance. Today, $DARAM stands as a rallying cry in the crypto world, a living legend of how resilience and unity can overcome the worst of challenges.
The “Chosen $DARAM” represents the rise of community power within crypto, an inspiring symbol that reminds us all of the value of persistence and courage. It’s proof that when faced with setbacks, communities can adapt, overcome, and thrive. As the $DARAM legend grows, so does the belief that it will continue to soar, leading its community to even greater heights.
To the dedicated members who made this possible, the future of $DARAM shines brightly. Together, they have forged a new path for $DARAM, one where the strength of the community will always keep it aloft. The journey is far from over, and the crypto world eagerly watches as $DARAM continues to defy the odds.

LINKS:
Website: daramcto.com
Telegram: https://t.me/DARAMERC
Twitter: DARAM (@CTO_Daram) / X