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ReddCoin Crypto Coin Rank 287
Website
28,808,713,174 RDD

ReddCoin
ReddCoin
RDD Coin Values RDD

ReddCoin valuesUSD Price
$ 0.0010

ReddCoin BTC Price
0.00000006

ReddCoin 24h Vol
$ 23,194

ReddCoin Market Cap
$ 27,647,632

24h Vol
2 BTC
1 H
-10 %
24 H
-10.91 %
7 d
-12.74 %
Today ReddCoin price in US dollars is currently 0.0010 USD, and if converted to Bitcoin is 0.00000006 BTC. A total of 1,811 coin's are currently circulating in the Market. ReddCoin prices are currently experiencing a change of -10.91 %, check all cryptocurrency. Over the past 24 hours 0.000 M US dollars ReddCoin has been traded on Crypto Exchanges. Get ReddCoin's progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
ReddCoin
Symbol
RDD
Algorithm
Scrypt
BTC Price
0.00000006 BTC
BTC Market
1,811 BTC
BTC 24h Vol
2 BTC
Total Coins Mined
28,808,713,174 RDD
1h
-10 %
24h
-10.91 %
7d
-12.74 %
Twitter
Website
RDD Charts

ReddCoin Price Charts

RDD High/Low Price Chart

ReddCoin Price High/Low Price Chart

Historical Data

ReddCoin Crypto Technology

Description

ReddCoin Crypto ICO Description

Reddcoin is trying to jump on the tipping bandwagon by making itself the social network donation go to default. A Scrypt coin with a 60 second block time and block retargeting using kimoto's gravity well. The coin also includes a 5% annual inflation after the 27.5 billion have been mined by PoW. Alongside Reddcoin includes an innovative proof of stake velocity algorithm.

Technology

ReddCoin Crypto Technology

Sorry, detailed technology about ReddCoin is not currently available

Features

ReddCoin Crypto Features

Sorry, detailed features about ReddCoin is not currently available

ICO Status

ReddCoin ICO Details

ICO Status
Finished
Token Supply
N/A
Start Date
2014-01-06
End Date
2014-01-20
Fund Raised (BTC)
N/A
Fund Raised (USD)
N/A
Start Price (USD)
N/A
Security Audit Company
N/A
ICO Legal Form
N/A
ICO Jurisdiction
N/A
Legal Advisers
N/A
White Paper
N/A

ReddCoin (RDD) is a social currency that was inspired by Reddit and the desire to be able to tip community members and send microtransactions. Because ReddCoin can be integrated easily with all major social networks, it’s ideal for sending digital currency to fellow users as a reward scheme for posting good content. The ReddCoin blockchain is powered by a method known as proof of stake velocity that encourages individuals to both acquire coins and to use them.

The cryptocurrency has its own tipping platform which can be used to support and reward content via micro-donations. There is also the ability to assign a Redd-ID to a social network username and to associate public keys with it. The ReddCoin wallet has a number of features built-in that are designed to encourage users to spend the currency and transmit it to other users.

The IPCO was a two-phase public offering. In round one, which closed shortly before the official launch of the Reddcoin network, 2.2 billion Reddcoins were offered to investors, distributed based on the number of shares they had purchased. After round two, which lasted an additional two weeks until February 15th, the remaining 3.25 billion Reddcoins were distributed to first and second-round investors according to their share. In this way, those investors that contributed early before the official launch of Reddcoin were rewarded with a greater share of coins.

Over 90 days from mid-February to mid-May, IPCO investors were paid 1.11% of their total share of the 5.45 billion Reddcoins each day. After Reddcoin's shift to PoSV reduced the total number of Reddcoins in circulation to roughly 27 billion coins, this 5.45 billion count represented approximately 20% of the total number of coins in circulation. However, by distributing these coins over a long period, and thanks to relatively low prices for Reddcoin on cryptocurrency Exchanges for most of the first 6 months of the coin's existence, this change did not create a vastly disproportionate control of coins in the hands of IPCO investors, as anyone was able to buy Reddcoins at approximately the same price as IPCO investors for many months.


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