It's no secret Reddcoin has taken a beating for over 2 years. Between Rumors, Gossips, & Goals not being met. Weathering through the storm has been rough but things may be looking brighter for Reddcoin in 2018.
Yes it has been hard with rumors of dev teams abandoning Reddcoin and new devs coming in later on, Goals of Facebook integration, Redd-ID launch, and other projects not being met and Reddcoin nearly silent for months while investors and reddheads constantly ask what's going on, only to be left to their own speculations. Until now. It seems that Reddcoin is slowly but surely gaining some life force back into the coin. So let's take a look at what's happening now from what I can tell.
ReddCoin
About: a peer-to-peer open source cryptocurrency derived from Litecoin that seeks to be fully integrated into all platforms of social media
Created: Publicly Introduce Jan 20/2014
Launched: February 2, 2014
Creators: Co-Founder Reddcoin, Canada, Co-Founder Laudney, United Kingdom, Original Creators is uncertain at this point
Max Supply: initially designed to have a cap of 109 billion coins
Circulating Supply: 28,766,026,854 RDD
Special Features: #Redd-ID, #Tipbot, #Mobile Staking, #Browser Extension
Created For: Primarily for tips on social media platforms such as Facebook, Twitter, Reddit, JustinTV, Youtube, and Twitch.tv.
Current Uses: #Tipping, #Reddit, #Twitter, #Twitch.tv, #Google Chrome Extension, Reddcoin Stake Box, Stores who accept Shapeshift, & the #Mindcraft Game
Incentives: POSV (Proof of Stake Velocity) %5 annual return
Future Projection: Reddcoin stakeboxes ready to ship in mid-March 2018, Everything else is only speculation for now until Reddcoin announces any solid news.
What’s happening now?: #Reddcoin Announced Feb 22, 2018 it has been added to #Shiftex Exchange that's partnered with Well known #Shapeshift, Reddcoin has created a Stakebox as an additional staking option instead of computer or phone, Reddcoin also has mentioned on their facebook that they working towards being added to other programs and platforms in 2018.
Similar Coins/Tokens: #AMP, #Steem, #Kin
Gossip & Rumors: From the start of Reddcoin, there have been hopes of Reddcoin being used over multiple social media platforms #Facebook being one of them. Four years later it still hasn’t happened. Recently Mark Zuckerberg mention looking into #cryptocurrency and the #blockchain in a post. This #news seemed to excite the Reddcoin enthusiast(Reddheads), which started rumors of Facebook may be adding Reddcoin in the near future. I’m sure these optimistic rumors are based on the once thought marriage of Reddcoin and Facebook that never happen.
Kryptocal post a supposed countdown to the date of Redd-ID release March 2018, uncertain if this info is real or fake. https://kryptocal.com/event/3224/reddcoin-(rdd)-redd-id-release.
Summary:
Reddcoin evolution hasn't been that great. A few of the noticeable changes since it started in 2014 has been the logo from a red alien on a gold coin, to the vibrant colorful eye-catching coin bank with a red token. ( a coin tipping a coin ), also the switch from POW to POSV in April of 2014. Every Reddcoin user will automatically become a PoSV minter.
Reddcointalk.org has also announced Dec 7, 2017, they have switched to Electrum-based wallets so no one has to rely on generated long key coded wallets.
Reddcoin Redd-ID allows a user to associate a username with public keys and their social network identities. When creating a username using Redd-ID there will be a fee that varies depending on the name. Redd-ID has been in the works for over a year with a promise to be launched near the end of 2017, currently we are in the 1st Quarter 2018 Redd-Id has not launched and no official word when as of yet.
Reddcoin was initially designed to have a cap of 109 billion coins.
By the time of the transition to PoSV there were approximately 27 billion Reddcoins in circulation on August 2, 2014. By January 2018 there are just under 29 billion Reddcoins in circulation that's just over 1.2 billion increase in the past 4 years.
On December 15, 2017 Reddcoin was at a low of 9 satoshi's so many people seem to have lost faith, But then the next day prayers from the Hodlers suddenly seemed answered by the Crypto Gods themselves as life was suddenly breathed back into Reddcoin at the start of over a %2100 gain.
Mindcraft Game: Reddconomy is a third party project that brings cryptocurrency such as Reddcoin to Mindcraft for tipping and trading.
As we seen with Reddconomy creative developers can find great uses for Reddcoin on many platforms.
Resource Links
https://www.reddcoin.com - Website
https://kryptocal.com/event/3224/reddcoin-(rdd)-redd-id-release - Redd-ID count down
- How to use Redd-ID
https://wiki.reddcoin.com - Wiki
https://agroff.github.io/posv/ - Reddcoin staking Calculator & POSv Info
https://www.stakebox.org/collections/stakeboxes/products/reddcoin-stakebox - Reddcoin Staking Box
https://wiki.reddcoin.com/index.php/Proof_of_Stake_(PoS) - About POS
https://www.reddcoin.com/papers/PoSV_FAQ.pdf - FAQ Originated 2014
http://coinmarketcap.com/currencies/reddcoin/ - Reddcoin Markets
https://www.reddit.com/user/TechAdept - Reddcoin Reddit Info
NOTE: if there is any misinformation, or updated information about Reddcoin please feel free to let me know. I welcome any tactful input. =)