What is Reddcoin (RDD)?

What is Reddcoin (RDD)?


In a world where social networks are becoming the main information, entertainment and participation channels, we can talk of Reddcoin which is a Cryptocurrency that allows payments within the most important social networks. The social currency that provides its users with a platform to send and receive money through social networks. Certainly, we can say that the project on which Reddcoin is based is ambitious, has considerable potentials and a very wide commercial area.
It has been said that Reddcoin integrates seamlessly with the best known and used social networks (Facebook, Twitter, YouTube, GooglePlus, etc.) through its "platform Tip". This allows you to send and receive money in social networks. The integration of the platform is perfect, easy to use and immediate. The objective of the Reddcoin project is, therefore, to become a reference Cryptocurrency for social network users who can support the people who follows them through micro-donations.
The Reddcoin project has been marked since its birth by a roadmap.

Reddcoin stages and the main objectives

Let's look at the stages and the main objectives:

  • Implementation of the platform through the Reddcoin Core 2.0 update, which took place in August 2016 and which aimed to improve security, but also the speed of the system;
  • The introduction of Reddcoin three main features on the platform: REDD-ID (digital identity, presented in February 2017, which should be used when registering on social networks to take advantage of transactions in RDD); The platform Tip (as aforementioned, integrates perfectly with the different social networks and allows to make and acquire any donation); The Redd-wallet (the electronic wallet made available by Reddcoin where the acquired DDR can be maintained, is characterized by the functionality of linking the various users together to carry out safe and decentralized transactions). ;
  • The opening of a Telegram channel for South Korea users, made official through a Twitter ad that exalted the many Asian fans of the project;
  • The announcement recently made (January 2018) via Twitter, in which new developers were to join or have already joined the Reddcoin project to support and develop the platform in terms of security and speed.

In short, the objective of the Reddcoin project is to make the use of Crytocurrencies and particularly RDD, to be more social, therefore, more common, widespread and easy to use.
Another feature of Reddcoin, which is more and more directed to its developers is the usability of the platform. Users should not be experts in algorithms and Blockchain to be able to exchange RDD immediately and through an easy-to-read interface.
Reddcoin entered the market on 10/02/2014. On the launching day, its value was 0.000035 USD, a quote that remained constant until mid-2017. From this date, in a short time, it gained more than 9,500% and, thereafter a brief descent, reached the record price of 0.022 USD. Presently its value is 0.0045 USD, ranking 80th in the Cryptoccurencies market capitalization with a limit of about 130 million dollars and a daily floating capital of approximately 6 million dollars.
It is possible to buy RDD in many Exchange; We suggest Bittrex, Crytopia, YoBit and Litebit.eu

 

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Risk warnings
The views and opinions expressed are the views of Crypto Currency 10 and are subject to change based on market and other conditions. The information provided does not constitute investment advice and it should not be relied on as such. All material(s) have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.
Changes in rates of exchange may have an adverse effect on the value, price or income of an investment.
Past performance is no guarantee of future results and the value of such investments and their strategies may fall as well as rise.

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