Red Pill coin is a digital cryptocurrency asset based on Ethereum and regulated by smart contracts. It falls under the category of non-bitcoin cryptocurrencies known as Altcoins.
One of the interesting thing about Red Pill coins is that every transactions involving Red Pill coins does not have any central control thereby giving Red Pill users control and the ability to use their funds anonymously.
Because of communal nature of Red Pills it is projected to not just be a form of currency for the Red Pill community but also for the Ethereum network and the world wide community at large.
Red Pill is a currency specially designed to enrich/improve and advance online communities. It can be utilized for some, extraordinary varied purposes. For instance, communities can utilize Red Pill to reward their members for their loyalty (e.g., awarding members pills for being a member for a certain number of years or month based on the community's admin preferences) or to remunerate them for everything from meeting certain milestones (e.g. making a certain number of posts, comments or feedback on a forum)
For those who sells products or services and have people subscribed to those services, Red Pill can likewise be utilized to compensate subscribers of such product or service.
As aforementioned in this review, Red Pillis is built on the Ethereum blockchain which uses smart contracts. Because of this, Red Pill coin enjoys all the main advantages of the block-chain applications of the distributed ledger technology such as:
(a)ANONYMITY : Red pill users are in total control of their personal information consequently reducing the risk of identity theft.
(b) IMMUTABILITY: Every completed transactions are recorded in the blockchain technology and cannot be altered or deleted from the ledger.
(c). ENHANCED SECURITY: This can be summarize in these two words "Durability and Reliability" as there is no entry point for malicious attacks.
(d)TRUSTLESS ENCRYPTION : There is no need for authentication and authorization by a third-party for transaction to take places. This elimination significantly reduces risk and possible associated fees.
In light of some entrenched Philosophies incorporated with the principle features and architecture of Red Pill, it's going to be an exceptional digital currency.
Lets look at some of them below.
The blockchain industry is predicted to grow to higher heights by 2021.
Obviously, Blockchain is the investment for the future since there is no probability or tendency of inflation for cryptocurrencies as it is to apaper currency like the US Dollars. It is no doubt that the future of any economy is cryptocurrencies.
At this juncture, you will believe with me that Red Pill Coin is the curency of the future with great potential. Any reasonable investor will definitely want to own some Red Pill Coin. Because of this, let me provide some critical information that might guide your decision to invest in Red Pill Coin.
-INITIAL DISTRIBUTION: The aimed plan for the initial distribution of Red Pill coins starts with an Initial Coin Offering (ICO) of 100 Million Coins. The aggregate supply of Red Pill coins is 200 Million which means that the ICO will account for 50% of the aggregate supply. In subsequent years, 10 million coins will be made available until the total currency amount is reached. The minimum bidding price for the coin auction will be dictated by the current market value of Red Pill coins as at the time of the sale. Red Pill coins will be listed based on Ethereum upon release, with one eth being equivalent to 5361 Red Pills.
RED PILL ROADMAP
-Launch Red Pill Coin ICO Round 1 October 1st 2017 – October 31st 2017.
-Launch Red Pill Coin ICO Round 2 December 1st 2017 – December 31st 2017.
-February 2018 – Launch Red Pill Chrome extension that allows Red Pill owners to tip their favorite content creators on (YouTube, with support for twitter, and Instagram planned)
-April 2018 – Launch Red Pill Send And Receive Application for Android with IOS version following in Fall 2018.
ESCROW
Red Pill will not be es-crowing any of the received funds but develop products and services with it. At the end of each ICO round, funds generated from the crowdsale will be released to the Red Pill team.
,during the round 1 ICO, 100 Million out of the 200 Million Red Pills created will be made available to buyers, while the remaining coins will then be made available during the Round 2 ICO.
50 Million Red Pill Coins will be reserved for the Red Pill Team and 20 Million set aside for Pre-sale buyers. The Remaining Red Pill coins will then be sold yearly at market price.
TECHNICAL IMPLEMENTATION
Red Pill Coin is an ERC20 Compliant Token implying that it can be stored and traded on virtually any platform or wallet that supports the ERC20 standard. The motivation behind Red Pill is to empower fans, support creators, at the same time serve as a system of wealth management/growth, for those that choose to invest in it.
This decision was made purposefully so that Red Pills could not be walled off into their own closed ecosystem, and would remain accessible across multiple Ethereum platforms.
In Conclusion, RedPill coins are uniquely positioned to becoming the worldwide digital money of choice as as a huge number of individuals are probably going to support and adopt the currency. It is incredibly popular with miners on the Ethereum network, and the pace of becoming the default currency of the Ethereum network is on the rise. Though it is still early days as Red Pill coins are concerned and the entire blockchain space is still very niche, there are a ton of advantages attached to it as the most promising emerging technology of this present time.
Welcome to the currency of the future.
TO LEARN MORE ABOUT THE COMPANY/PROJECT, PLEASE CLICK THE LINKS PROVIDED BELOW:
WEBSITE | ICO WEBSITE | WHITEPAPER |
By: larrybabs
https://bitcointalk.org/index.php?action=profile;u=1249538
