- 1 What is ReddCoin (RDD)?
- 2 ReddCoin (RDD): History
- 3 How Does ReddCoin (RDD) Work?
- 4 How to Buy ReddCoin (RDD)?
What is ReddCoin (RDD)?
ReddCoin (RDD) is a type of cryptocurrency. A cryptocurrency is a digital peer-peer medium of exchange with no central authority. You don’t need a bank or any central authority to use cryptocurrency. It is built primarily for social media platforms such as Facebook, Twitter, Youtube, and Twitch. The main aim of the Reddcoin is to make sending and receiving money on social networks easy, fast and efficient.
ReddCoin (RDD): History
ReddCoin (RDD) was announced on January 20, 2014, as a script proof of work digital currency via an Initial Public Coin Offering on Bitcoin Talk.Org with a goal of becoming a new cryptocurrency fully integrated into social media. Reddcoin was released to the public on February 2, 2014after raising upwards of $100,000 in funding through the IPCO to support development. Around 5.45 billion Reddcoins were distributed to IPCO investors over the course of 90 days beginning in mid-February. The Reddcoin development team includes many members of the community that have come together for working on the official development of the coin.
How Does ReddCoin (RDD) Work?
Reddcoin is different from other cryptocurrencies like Bitcoin in that it uses proof of Stake rather using Proof of Work to give coins throughout the network. In the Pos model, coins are minted by a process known as staking instead of mine. By downloading the Reddcoin wallet, anyone who owns Reddcoins can begin staking from their PC, mobile phone or Tablet. As long as your wallet is connected to the Reddcoin network and contains Reddcoins, you will periodically receive staking rewards in the form of more Reddcoins. PoS saves massive amounts of energy when comparing it to PoW.
How to Buy ReddCoin (RDD)?
First of all, you have to get a ReddCoin (RDD) wallet to store your coins. Then give a name for the wallet. Now you need to set a password for the wallet so that nobody can access your coins. Now you can buy Ethereum by using Coinbase as we are unable to purchase ReddCoin directly. Then trade it for ReddCoin (RDD).
ReddCoin (RDD) Price Prediction 2018
RDD can be a profitable investment option. ReddCoin price equal to 0.009029 USD at 2018-01-31. If you buy ReddCoin for 100 dollars today, you will get a total of 11075.0 RDD. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-28 is 0.0198 US Dollars. With a 5-year investment, the revenue is expected to be around +119.51%. Your current $100 investment may be up to $219.51 in 2022. The price today of ReddCoin (RDD) is $0.008967, and the market cap value is $257,630,796. It has a current supply of 28,732,561,033 RDD and the volume $4,587,140. ReddCoin (RDD) price today, ReddCoin (RDD) where to buy, ReddCoin (RDD) price chart, ReddCoin (RDD) history, ReddCoin (RDD) market cap, ReddCoin (RDD) exchanges, ReddCoin (RDD) mining, ReddCoin (RDD) mining software.