ReddCoin News
ReddCoin
Reddcoin is a decentralized cryptocurrency designed for social media platforms and to make the lives of social media users much better. Reddcoin is used as a tipping currency and also to make payment transfers on social media efficient, faster and securely.
Reddcoin(RDD) has created a rewarding system for social media users, where retweeting, valuable comment and sharing of useful thoughts or picture(s) can now be rewarded with reddcoin. Unlike in the past where such social media activities especially content creation go unrewarded.
Reddcoin’s aim is to link over 28 billion social media users into its’ blockchain platform where transactions can be done in more transparent and efficient way. Most of the world ’s day-to-day transactions are done on the social media.
Reddcoin integrates a digital currency platform with all the major social networks such as Facebook, Twitter, Instagram, YouTube, etc., you can now send and receive money with fun and also receive a reward for adding value to social lives of people.
For one to participate in the blockchain ecosystem, he/she needs reddcoin wallet. These are steps to get involved in reddcoin blockchain activities:
Step 1: Get a reddcoin wallet through one of the approved sites.
Step2: Buy Some Reddcoin at any of the reddcoin exchange sites
Step 3: Use your reddcoin tokens to send money, make payments etc.
TEAM
Reddcoin is made up of experts in various fields led by John G Nash. Other members include Leonard Simonse, Samuel Gosling, Eric Wurstetsen, Daniel Platten, Jason Brink, Thomas Engelen, Jay Laurence and Ryan Cordittz.
PRACTICAL USES
- Reddcoin is used for tips on social media networks
- Reddcoin is used for payment content creators
- It is used for sending and receiving money on social media networks
MINING
Reddcoin uses Proof of stake(PoS) unlike bitcoin’s PoW to mine reddcoin by the process called “minting”. In the PoS system, the minting process is called staking instead of mining. All you need to do is to use your computer, laptop or your mobile phone or tablet to download the wallet. Add some reddcoins to the wallet and ensure that your wallet is connected to the reddcoin network, you will be receiving staking rewards in the form of reddcoin periodically. The more reddcoins you have in your wallet, the higher the staking rewards.
Another major advantage of this type of mining is that it saves energy, unlike PoW which requires a massive amount of energy to mine.
NOTES FOR INVESTORS
At the presale of Reddcoin in early 2017, the price of a token was $0.000023 and a market capitalization of $656,156, but as at early December 2017, the price rose to all-time high of $0.0121 representing a 52,000% rise in price, making it one of the biggest gainers of 2017.As at today, the market capitalization stands at $91.8 million and this is an indication that, Reddcoin is gaining popularity and getting investors’ confidence.
Market analysts are wondering, in spite of the major shake to most of the cryptocurrencies in early January, Reddcoin remained stable. Many pundits are saying, the best of Reddcoin is yet to come and that, it will hit an all-time high of $25 before the end of 2018.
MUST READ!
This report is just a mere expression of the writer’s views and not an endorsement to invest in Reddcoin. Investing in it is solely your decision and you are advised to carry-out a thorough research before investing.