Reddcoin is a currency for micro payments in social networks. The market cap is $27,080,786 and the 24h volume is $26,271.
Reddcoin blockchain consensus is achieved via Proof of Stake Velocity. Investors can leverage their crypto via staking. Currently there is 1 option to earn passive income and staking rewards with your Reddcoin investment as outlined below.
- How to stake Reddcoin?
To stake RDD coins it is recommended to run the ReddCoin Core wallet with an entire copy of the blockchain on your Computer or a Virtual Private Server (VPS).
To get the highest possible rewards, please make sure to stay online 24/7 and keep the wallet unlocked for staking only.
- Which network metrics do the rewards depend on?
Reddcoin has fixed inflationary rewards for stakers. Only the inflation is depending on the Total Staked.
Every block one staker is randomly selected whereas 1 staked coin counts as one “lottery ticket”. The selected staker has the right to create a new block and broadcast it to the network. He then receives the dynamic block reward and the fees of all transactions successfully included in this block.
In our Staking Calculator you can play with the above mentioned metrics to understand the dynamics and create all kinds of reward scenarios.
- Is there a risk to stake Reddcoin?
Staking Reddcoin is safe as long you protect your private keys. There is no risk of slashing.