The live ReddCoin price today is $0.000150 USD with a 24-hour trading volume of $28,151.10 USD. We update our RDD to USD price in real-time. ReddCoin is up 0.68% in the last 24 hours. The current CoinMarketCap ranking is #1021, with a live market cap of $4,560,630 USD. It has a circulating supply of 30,397,274,955 RDD coins and the max. supply is not available.
If you would like to know where to buy ReddCoin at the current rate, the top cryptocurrency exchanges for trading in ReddCoin stock are currently YoBit, Bittrex, LiteBit.eu, and StakeCube. You can find others listed on our crypto exchanges page.
The cryptocurrency is designed to be a simple to use mode of payment that can be transferred at low cost on the Redd Network. It can also be used as a means of payment on most social network platforms, allowing users to easily transact with their friends and followers, much in the same way that Snapcash does for Snapchat users, and Facebook Cash does for Facebook users.
As of November 2020, the core members of the Reddcoin project are Jay Laurence, John Nash, David Faust and Michael Kirlew. Jay Laurence, an experienced IT professional and consultant and early cryptocurrency adopter is listed as the project leader, whereas John "CryptoGnasher" Nash, a heavily experienced project manager and IT expert, is its solutions architect. Meanwhile, David Faust and Michael Kirlew handle operations and branding/development at Redd respectively.
With Reddcoin, transactions are confirmed in just seconds. Since it is a Litecoin fork, it benefits from extremely short block times, with a new block created every minute. As a result, transactions rarely take more than a minute to finalize. On top of this, transactions are free. This means no gas wars or transaction fee hikes when the network load increases, making Reddcoin ideal for micropayments and donations.
As of August 2022, there are just over 31.1 billion RDD in circulation, representing 100% of the total supply at the time. Due to the rewards distributed via the proof-of-sake-velocity (PoSVv2) consensus mechanism, the total supply of Reddcoin increases by around 5% per year.
The platform rolled out an updated version of its POSV algorithm in October 2019 as part of a major platform upgrade. This update aimed to "provide enhanced network growth stability, strengthen staking incentives, and provide funding support for development teams."
As with most major cryptocurrencies, Reddcoin is built on a decentralized network, and information is stored on a peer-to-peer (P2P) network. As a result, there is no middleman handling user data, making Reddcoin a privacy-preserving alternative to fiat.
The network is built on top of a novel consensus algorithm known as proof-of-stake-velocity (PoSV), which is a modified version of proof-of-stake (POS). This intends to boost network activity by introducing additional rewards for users that stake their coins, sign blocks and interact with their assets on a regular basis.
Reddcoin is currently available to trade on just a handful of exchange platforms, the most prominent of which is Bittrex. As of November 2020, Reddcoin can be traded against Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC), or again fiat currencies like the Euro (EUR) and US dollar (USD).
Reddcoin is a highly volatile asset capable of major price swings in a single day. Just take a look at today's RDD price of $0.00014015, which is showcasing a double-digit loss of compared to yesterday, when it was trading for $0.0001992902. Reddcoin's seen a decrease of -79% over the past year.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
Once you've created an account, you will need to deposit funds to buy RDD with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy RDD:
Compare today's price of Reddcoin ($0.00014015 USD) against its all-time high (ATH) price of $0.0305647 on January 06, 2018. The closer the bar is to 100%, the closer RDD is to reaching its ATH again.
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If you want to buy Kadena with fiat currency, you can first buy USDT on Kraken with fiat and then transfer your USDT to an exchange that lists Kadena. For example, the most popular exchange for trading [object Object] with USDT is Binance.
You can buy Kadena with a credit card on Binance and other exchanges like KuCoin, OKX and gate.io. Using a credit card is a fast and convenient payment method for purchasing cryptocurrencies, but typically comes with higher fees than other ways of buying cryptocurrency with fiat.
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Reddcoin (RDD) pitches itself as a social currency of the digital age. It uses blockchain technology to help people not only send and tip money on social media platforms like Facebook, Reddit, Twitter and Instagram, but also support important social causes through these mediums. It was launched in 2014 as a Litecoin fork, and involves short transaction times (under a minute) and low fees.
In general, a cryptocurrency broker platform, regulated by a well-known global authority, can be termed as the best website to buy RDD. Even though many people also use exchanges for buying cryptocurrencies, these portals can be slightly intimidating for amateur investors. In contrast, brokers provide user-friendly interfaces, have fewer fees, and besides facilitating buying and selling of crypto coins, they also offer derivatives like CFDs for speculative trading purposes. Hence, they are widely perceived as the best place to buy RDD and other cryptocurrencies. However, before picking any broker website for your crypto trades/investments, you must short-list and compare the top ones based on important criteria like their regulatory status, spreads, fees, value-added services and the quality of user interface.
If you choose to invest in Reddcoin by buying RDD tokens, you will require a storage medium to keep your coins safe. The crypto market is inundated with all kinds of storage options for cryptocurrencies, each one varying in terms of risk and accessibility. Leaving crypto coins on an exchange-provided web wallet is the riskiest, while a cold hardware wallet works out to be the safest. In terms of accessibility, mobile wallets are considered the best, while desktop wallets offer a mix of both convenience and security. 041b061a72