Reddcoin

FAQ's

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.

What is Reddcoin?

Reddcoin is a tip platform that aims to be a social currency for everyone.

How was Reddcoin launched?

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).

Who is the team behind Reddcoin?

In 2017, Reddcoin made an official announcement listing their team members, including developers John Nash and Leonard Simonse.