updated 2 minutes ago
Data source: CoinMarketCap
ReddCoin (RDD) to Pound Sterling (GBP) Conversion Table
ReddCoin is trying to jump on the tipping bandwagon by making itself the social network donation go to default. A Scrypt coin with a 60 second block time and block retargeting using Kimoto's gravity well. The coin also includes a 5% annual inflation after the 27.5 billion have been mined by PoW. Alongside Reddcoin includes an innovative proof of stake velocity algorithm. Reddcoin was conceived to be a full-fledged social network coin - or as we like to say, The Social Currency. The developers are currently building a hub that will manage the various social media tipping accounts that will be created on Facebook, Instagram, YouTube, etc. The plan is to make Reddcoin into a hybrid of e-currency/crypto, reward points, etc. Basically, Reddcoin will be internet points with actual monetary value. Already, tipping has been enabled on Twitter, Twitch, and Justin.TV, as well as here on Reddit. The idea is to have a system that makes it easy for people and businesses to auto-tip people, re-posts, etc. Then people can use their Reddcoins on websites to purchase items or use them in games like Freemium games in place of purchasing in-game credits. This would benefit businesses, developers, and users alike. If you buy credits in-game or for a specific site, you're stuck to using them in only that place. With Reddcoins, you could potentially use them any number of places, helping ease fears over purchasing game or site credits. The plan for Reddcoin is to essentially be the internet's official "like" button. Can you imagine being tipped on Instagram for your picture upload, on Facebook for your location check-in, on YouTube for a silly video you uploaded, on Reddit for your witty comment, etc.? Now imagine being able to exchange those Reddcoins instantly for physical goods or gift cards. Or even transferring all your Reddcoins to a game you love playing. You would be getting paid for things that take zero effort or that you are probably already doing for free anyway.