Reddcoin makes digital currency easy for the general public. By integrating a digital currency platform seamlessly with major social networks, sending and receiving tips and micro-transactions are cheap, fast and rewarding for everyone.Reddcoin are easy to transfer no matter what device you are using. They have zero fees, are safe thanks to the security of our blockchain, and they are eco-friendly because they offer you the possibility to earn without power consumption.
ReddCoin (ticker RDD) is a cryptocurrency built specifically for social media tipping and micro-payments. The idea is simple: instead of just liking a post, you can send someone a small amount of RDD as a real 'thank you'. It launched back in 2014 as one of the first coins aimed at making crypto useful for everyday social interactions.
ReddCoin is a peer-to-peer cryptocurrency designed for tipping content creators on social platforms, while Bitcoin is primarily a store of value and payment network. RDD focuses on fast, small transactions between users rather than large transfers. Its supply is also much larger, which suits its micro-tipping purpose.
PoSV stands for Proof of Stake Velocity, a mechanism ReddCoin introduced in 2014. It combines classic proof-of-stake rewards with a 'velocity' factor that encourages users to actually spend and move their coins, not just hoard them. The more active your wallet is, the better your staking rewards — a design that fits a tipping-focused coin.
ReddCoin originally ran on proof-of-work mining, but after the switch to PoSV, new coins are generated through staking rewards rather than mining. The total maximum supply is capped at around 28 billion RDD. Staking rewards gradually decrease over time, which slows inflation as the network matures.
RDD is stored in the official ReddCore desktop wallet, which also lets you stake coins and earn rewards while supporting the network. You can send tips to other users on supported social platforms or make regular peer-to-peer transfers. As with any crypto, keep your wallet keys backed up and never share your seed phrase.