Space for your ReddCoin needs
Reddcoin price
0.00009 $
Market Cap: 3,297,673 USD
Coins: 32,330,125,642 RDD
ReddCoin is a cryptocurrency designed for social tipping and crowdfunding. It is the digital social currency that our community uses to tip, share, and donate to various content creators, social causes, and humanitarian programs around the world.
Reddcoin was created on January 20, 2014, as a PoW cryptocurrency. On February 2, 2014, after raising $100,000 through their Initial Coin Offering, Reddcoin was released to the public. On April 29, 2014, Reddcoin announced its transition from PoW to Proof of Stake Velocity (PoSV). In 2017, Reddcoin officially announced its team members, including developers John Nash and Leonard Simonse.
ReddNetwork is fully decentralized custom blockchain which is an advanced, secure, and reliable network that cannot be hacked or manipulated. Same as other crypto-currencies like Bitocin, Ethereum, Litecoin and Dogecoin.
The Redd core wallet allows users to store, send, and receive Reddcoins. When open, you can also join forces with other Reddheads and help run the ReddNetwork.
Staking is the process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain, similar to mining. Reddcoin utilizes POSV V2 proof-of-stake-velocity, allowing anyone with a minimum-required balance to validate transactions and earn staking rewards.
First, you need the latest official Reddcoin Core Wallet v3.10.6 wich you can download from the official Reddcoin website wallet download page. After you download the ReddWallet you need to install and run the application. Your ReddWallet will connect to existing peers and start downloading blocks from the blockchain, process called syncing. After you are synced with the network and you have the leatest bloks you can proceed with using the application. To stake you need Reddcoins (RDD) balance in your wallet. The coins you recieved have to mature (8 hours without moving them out of that address) to start the staking process. You need to have good quantity of Reddcoins and hold them for a long time while being online 24/7 and running your RedWallet to get best results! You can use Staking Rewards Calculator for Reddcoin to calculate your exact earings.
Proof of Stake uses proof of coin ownership to sign new blocks. A person's ability to sign blocks is based on their accumulated Coin Age. The more Age you have, the better the chance that you will get to sign a block. When you win the chance to sign a block, your wallet automatically completes a "staking" transaction. When your wallet stakes, it consumes some or all of your Coin Age, and in return you are awarded interest on your staked coins. Your wallet does not have to be active to accumulate Coin Age. However, to participate in staking your wallet must be connected to the coin's network. In this way, your "stake" is helping to secure the network by competing to sign blocks.
A liquidity pool is a pool of cryptocurrencies or tokens locked in an exchange that facilitates trades between assets. Liquidity pools use automated market maker algorithms (AMM) to enable automatic trading of digital assets through the use of these pools, rather than relying on traditional markets of buyers and sellers. Liquidity pools aim to solve the problem of illiquid markets by incentivizing users to provide crypto liquidity for a share of trading fees. Trading with liquidity pools requires no matching of buyers and sellers. This means users can exchange their tokens and assets using liquidity provided by other users.
Slippage refers to the difference between the expected trade price and the executed price. It is most common during periods of high volatility and can also occur when a large order is executed, but there is insufficient volume at the selected price to maintain the bid-ask spread. Trades exceeding a 0.5% price tolerance are automatically rejected to protect the trader.
To encourage crypto liquidity providers to stake their assets in a pool, the design of the liquidity pool must offer incentives. Typically, liquidity providers earn trading fees from the exchanges where they pool tokens. When a user supplies liquidity to a pool, the provider receives a portion of the trade fees collected based on the percentage of liquidity provided. The exchange collects a trade fee which is then distributed among the pool stakers. If a user provides 50% of the liquidity in the pool, they will receive 50% of the collected trade fees.
Liquidity pools use auto market maker algorithms to maintain fair market values for the tokens they hold. These algorithms ensure that the price of tokens relative to one another is kept within a particular pool. Liquidity pools in various protocols may use slightly different algorithms. For instance, Uniswap liquidity pools utilize a constant product formula to maintain price ratios, and many DEX platforms use a similar model. This algorithm ensures that a pool consistently provides liquidity to the crypto market by managing the cost and ratio of the corresponding tokens as the demand increases.
See a short video on How to add Reddcoin liquidity on Xeggex
WIP: Reddcoin.space has an intention to offer stake vault, faucet, games and crowdfunding platform to its users.
Coins from users that trust our platform will be staked and % from the earnings will go to our faucet.
Reddcoin Paper Wallet Generator by John Nash
Official Reddcoin wiki page
CoinMarketLeague VOTE for Reddcoin
Official Reddcoin explorer at live.reddcoin.com
Trezor Reddcoin Explorer NEW!
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