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- What is Reddcoin?
- How was Reddcoin launched?
- Who is the team behind Reddcoin?
- How to stake Reddcoin?
- Which network metrics do the rewards depend on?
- Is there a risk to stake Reddcoin?
Reddcoin is a tip platform that aims to be a social currency for everyone.
Reddcoin was created on January 20, 2014, as a PoW cryptocurrency. On February 2, 2014, after raising $100,000 through their Initial Coin Offering (ICO), Reddcoin was released to the public. On April 29, 2014, they announced that Reddcoin would transition from PoW to Proof of Stake Velocity (PoSV).
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.
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.
Staking Reddcoin is safe as long you protect your private keys. There is no risk of slashing.