ReddCoin (RDD) is a cryptocurrency that by default provides donations through social networks. The ReddCoin cryptocurrency operates on the basis of the Scrypt block confirmation algorithm with a 60-second block generation period. The cryptocurrency provides for 5% inflation after the mining of 27.5 million RDD coins through PoW-based mining. In addition, ReddCoin also has its own innovative transaction confirmation algorithms that allow increasing the speed of conducting a transaction.
The RedCoin cryptocurrency was conceived as a full-fledged currency for use within social networks, that is, a kind of single social currency that would be used to receive and send payments both within a single social network and between users of different social networks. Currently the developers are creating a center that will manage various accounts on social networks that will be created on Facebook, Instagram, YouTube, etc. It is planned to turn ReddCoin into a hybrid of electronic currency and bonus points. The idea is to create a system that will allow people and companies to automatically donate to posters and bloggers on social networks, who in turn will be able to use their ReddCoin on websites to buy items or use them in games, such as Freemium games, instead of buying in-game credits.
This will benefit businesses, developers and users. If credits are bought in a game or for a specific site, this obliges users to use them exclusively in one place. With RedCoin, users will be able to use them in any number of places. Reddcoin's plan is to become the official "Like" button on the Internet. Can you imagine being awarded bonuses on Instagram for uploading photos, given bonuses on Facebook for specifying a location, on YouTube for views, on Reddit for your comments, etc.? And now imagine the ability to instantly exchange these RedCoin for physical goods or gift cards. Or even transfer all your ReddCoin into a game that you love to play. With ReddCoin, you will be paid for things that require no effort or that you probably already do for free anyway.
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