Launched in 2014, ReddCoin (RDD) is an open-source, decentralized cryptocurrency focused on social tipping and micropayments. Its mission is to facilitate the seamless appreciation and transfer of value across social media platforms, effectively becoming the "social currency" of the digital age. The project utilizes a unique consensus algorithm called Proof-of-Stake-Velocity (PoSV), which encourages both staking (ownership) and activity (velocity), rewarding users who actively participate in the network. Project Redd is a community-driven initiative managed by a core team of developers and volunteers dedicated to maintaining the network and developing tools like ReddID for easy social media integration.

Founded in

United States