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ReddCoin (RDD)

1. Project Introduction

Launched in 2014, ReddCoin (RDD) is a non-ICO 100% volunteer-run decentralized cryptocurrency used to send and receive payments utilizing social media channels (like Twitter, Reddit & Twitch) world-wide as the conduit to do so, without the need to partner or formally integrate with those channels.

The technology is platform-independent and available on most common hardware and operating systems. Coins are mined by a wallet using their unique Proof-of-Stake-Velocity version 2 (PoSVv2) algorithm, which incentivizes both ownership (staking or holding coin) and activity (velocity or using the coin for transactions). That same algorithm allows Redd to self-fund its operations by using a small percentage of its staking rewards to cover operating expenses.

In 2020, with over 65K followers in social media (called ReddHeads), listed in over 50 countries, Reddcoin was rebranded as “REDD”. They are a social organization whose goal is to champion a movement that brings value, balance, and leverage to the masses and also rewards people for their efforts. As society and technology changes and the concepts of “work” and “income” become more and more blurred, systems need to be put in place to empower people, level the playing field, and provide stability in people’s lives.

Reddcoin was created around the concept of tipping, and it still does that, but over time it has expanded its ecosystem to include features and benefits that will easily allow RDD to become broadly adopted into our common and everyday experience. This will be facilitated by the integration of globally excepted credit and debit cards, which will eventually serve as onramps into mainstream commerce. The platform also supports API hooks that allow e-commerce systems to integrate promotional products and service offerings.

Branded as the “Social Currency”, uses include mechanisms for digital content creators on social media sites, artists of all kinds using QR codes and smartphones, entertainment promotion at any scale, whether a busker on a street corner or a thriving band in a 50,000 seat stadium and uses that support causes and the creation of humanitarian, social and community-based programs.

Core benefits include an inflation/interest rate of about 5% annually for staking, a circulating supply of over 29 Billion RDD, 60-second transaction blocks, and zero to extremely low transaction fees based on volume.

Redd’s social movement is detailed in “The Redd Book”, a declaration was written to explain and share their organization's vision behind their real-world applications and far-reaching technical innovations that have the potential to impact everyone!

To learn more about our social movement, our "ReddBook" is on https://redd.love  To learn more about ReddCoin (RDD) the cryptocurrency, read our "ReddPaper" and visit https://reddcoin.com

 

2. Token Info

  • Token Name: ReddCoin
  • Token Symbol: RDD
  • Total Supply: 30,013,768,149 RDD
  • Token Type: Mainnet

 

3. Useful Links 

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