The 21st century has seen a remarkable increase in the transition towards an entirely virtual world. Many aspects of human interaction are fast leaving the so-called “real plane” into the virtual environment of computers. It all started in 2009, when Bitcoin and Blockchain were invented by Satoshi Nakamoto. And thus giving birth to cryptocurrencies. With the development of Blockchain Technology, it changed the way the world worked. Blockchain Technology continues to grow into diverse areas of applicability. Ethereum, the second most popular blockchain in the world today has revolutionized the entire computing space with its use of the smart contract in consonance with Blockchain Technology. And here today, I want to introduce you to REDPILLS. REDPILLS coin is an Ethereum based digital cryptocurrency asset regulated by smart contracts. It was categorized as Altcoins (alternative coins). Like all cryptocurrencies, it makes use of decentralized distributed ledger framework in the form of Blockchain Technology, in this case, the Ethereum blockchain.
At first, we have to understand: What are cryptocurrencies ? Cryptocurrencies refer to the virtual currencies; digital cash. They are in many ways, the digital counterpart of fiat currency like the US Dollar and the Euro. The name “cryptocurrency” is derived from the utilization of cryptography in the process of encrypting financial transactions.
For any financial transaction to be deemed valid, there must be a means of providing authorization and authentication of the transfer of value. For financial transactions involving cryptocurrencies, this is achievedusing a blockchain. Every cryptocurrency utilizes a Blockchain with the Bitcoin and Ethereum Blockchains being the most popular. REDPILLSis built on the Ethereum blockchain, which was familiar by millions of people.
Next we have Blockchain. Blockchain is an incorruptible digital ledger of transactions that can be programmed to record, and you can not change or delete the record. With this technology, it helps us to increase security by a lot more. The utility of blockchain technology is limitless, from containing the record of cryptocurrency,tomedical data, or even voting records. Blockchain enables trust to be distributed throughout a network, without the need for a central authority to track, verify and approve the digital exchange of value.
REDPILLSis a currency designed to enrich online communities. REDPILLScan be used for many different purposes. Communities can use REDPILLSto reward their members for everything from meeting certain milestones or to reward them for their loyalty.
Advantages of Blockchain Technology:
+ Immutability
This means that transactions once completed and recorded in the Blockchain cannot be altered or deleted from the ledger. As the Ethereum Blockchain grows in size, this immutability becomes even more assured. The possibility of successfully manipulating the system is zero
+ Trustless Encryption
Financial transactions can be carried out in a Blockchain without the need of a central oversight body providing authentication and authorization. This elimination of the third-party significantly reduces risk and associated fees.
Transactions in the Blockchain are completely anonymous and as such identities of the participants are completely protected. Users are in complete control of their personal information thus reducing the risk of identity theft.
+ Enhanced Security
Being decentralized, block chains do not have a central point of failure. There is no entry point for malicious attacks, and this makes block chains durable and reliable.
* Private Sale- Completed
Start Date April 5th 2018 (09:00 AM EST Time)
End Date April 9th 2018 (09:00 AM EST Time)
The Number of Tokens Available 1 million
Currency Accepted ETH
Token Exchange Rate: 1 ETH = 8,000 RPIL
Mimimum Transaction 0.1 ETH
Bonuses: 75% Savings over ICO Price
* Pre-Sale
Start Date April 21th 2018 (09:00 AM EST Time)
End Date May 10th 2018 (09:00 AM EST Time)
The Number of Tokens Available 10 million
Currency Accepted ETH
Token Exchange Rate: 1 ETH = 2,500 RPIL
Mimimum Transaction 0.1 ETH
Bonuses: 25% Savings Over ICO Price
* ICO
Start Date May 11th 2018 (09:00 AM EST Time)
End Date June 10th 2018 (09:00 AM EST Time)
The Number of Tokens Available 39 million
Currency Accepted ETH
Token Exchange Rate: 1 ETH = 1,900 RPIL
Mimimum Transaction 0.1 ETH
Bonuses: N/A
Launch Red Pill Coin ICO Round 1 October 1st 2017
– October 31st 2017Launch 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, andInstagram planned).
April 2018 – Launch Red Pill Send And Receive Application for Android with IOS version following in Fall 2018.
The Red Pill development team are a group of developers whom have worked together collectively to bring Red Pill to the public. Red Pill prides itself on facilitating the ability of users to safely use Red Pills as they so choose to, while following all the laws, rules and regulations, as stipulated in their respective countries.
With millions of people likely to support and adopt the currency, REDPILLS coins are uniquely positioned to becoming the global cryptocurrency of choice. Though it is still early days as REDPILLS coins are concerned and the entire Blockchain space is still very niche, there are a lot of benefits attached to it as the most promising emerging technology of this present time. REDPILLS are compatible with numerous wallet options for secure storage of user coins as well as accessible for transfer of coins. The Ethereum Blockchain is known for its use of smart contracts and its fast transaction time. By being built on the Ethereum Blockchain, REDPILLS can provide premium cryptocurrency services that are far superior to other players in the market. I have high hope that REDPILLS is gonna keep growing to become one of the biggest coin in the world.
FOR MORE INFORMATION, PLEASE VISIT
Website: https://redpillcoin.com
Whitepaper: https://redpillcoin.com/PDF/whitepaper.pdf
Facebook: https://www.facebook.com/redpillcoincrypto
Twitter: https://twitter.com/redpillcoin
Telegram: https://t.me/redpillcoingroup
AUTHOR
Bitcointalk Username: Donmase
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1236591
