What is Reddcoin (RDD)?

Oct 12, 2018 at 2:09

ReddCoin: A Social Media Coin For Good Content
Created in 2014, Reddcoin calls itself a social media coin with a peer-to-peer (P2P) payments system. It is now run by a 13-man team spread across Europe, North America, and Australia.

It has envisioned creating the first blockchain platform to monetize content engagement on social media through tipping.

Contents shared will be rewarded with Reddcoin’s native token, RDD, which can be used to purchase goods and services on selected sites.

It can be integrated with various social media platforms like Reddit, Facebook and Twitter to send and receive money with zero fees.

Apart from transacting money, it also provides incentives to social media content creators by allowing people to thip them by “liking” a post.

Reddcoin features a unique identity system for users under Redd-ID, which connects their social media accounts with their Reddcoin account. All information related to the user are stored on the blockchain for security.

The team has also provided a built-in storage wallet called ReddWallet to store RDD.

Where to buy?
RDD can be purchased by exchanging with other cryptocurrencies at Bittrex, Shapeshift, UPbit, Altilly, Bisq, BiteBTC, Bleutrade, C-PatEx, cfinex.com, Coindirect, Coinhouse, Crex24, Cryptopia,ExchangeAssets, FreiExchange, godex.io. KoinOK, KuCoin, LiteBit.eu, Novaexchange, Upcon andYobit.

Is it mineable?
RDD has a total supply of 27 billion. It uses a Proof-of-Stake-Velocity algorithm which allows miners to mint cryptocurrency using home devices.