1. Scarlet Red: 
                            
                            #FF2400
                         - a bold and vibrant red that demands attention
2. Navy Blue: 
                            
                            #000080
                         - a deep and rich blue that exudes sophistication
3. Snow White: 
                            
                            #FFFFFF
                         - a crisp and clean white that brings a sense of purity
4. Gainsboro Gray: 
                            
                            #DCDCDC
                         - a light and airy gray that adds a touch of elegance

This color palette combines the intensity of red and blue with the softness of white and light gray, creating a balance between boldness and softness. The Scarlet Red and Navy Blue are the main colors of this palette, with Snow White and Gainsboro Gray used as accents to soften the overall look. This palette is perfect for creating designs that are both eye-catching and elegant.