Cryptocurrencies: 20507
Markets: 77950
Market Cap: $2,527,218,128,466     
24h Vol: $73,188,869,261
1 Reddcoin (RDD) Rank 6523
$0.000137
Reddcoin (RDD) Rank 6523
Website Twitter
0 RDD

Reddcoin (RDD)

Reddcoin (RDD)

RDD

Reddcoin (RDD) Price
$0.00

Reddcoin (RDD) 24h Vol
$466

Reddcoin (RDD) Market Cap
$0

Reddcoin (RDD) Circulating
0

Full Name
Reddcoin (RDD)
Symbol
RDD
Algorithm
Scrypt
BTC Price
0.00000000 BTC
BTC Market
0 BTC
BTC 24h Vol
0 BTC
Total Coins Mined
0 RDD
1h
-22.14 %
24h
-63.86 %
7d
-27.49 %
Charts

Reddcoin (RDD)

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 inludes an innovative proof of stake velocity algorithm.

Full Name Reddcoin (RDD)
Start Date 2014-02-02
Algorithm Scrypt
Proof Type PoW/P
Website www.reddcoin.com/
Twitter @reddcoin
Facebook N/A
Reddit N/A
Block Number 2886648
Block Time 60
Block Reward 628
Total Coins Mined N/A
Previous Total Coins Mined 29,291,643,452
Net Hashes Per Second N/A
ICO Details

ICO Details


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.

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
Blog N/A
White Paper
Reddcoin (RDD) News

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