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Is Reddcoin (RDD) Dead?

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The chief goal of Reddcoin (RDD) is to become the epitome of cryptocurrency use on social media platforms for transactions such as tipping and other microtransactions. The current low value of the coin and the high supply means that it is ideal for the earlier mentioned micro-transactions. RDD is currently valued at $0.0067. The circulating supply is the entire total supply of 28.808 Billion RDD. There is no RDD locked up in escrow as is the case with XRP.

Reddcoin can so far be used to tip on Telegram, Twitter, and Reddit. The tipping is usually done when one member makes a noteworthy contribution to a discussion. This, in turn, promotes discussions with substance and a platform where ideas are shared.

But why say Reddcoin is dead?
Answer: The entry of other cryptocurrencies you can tip with on social media.

There are more cryptocurrency projects realizing the potential in having crypto being used on social media platforms.

Ripple (XRP): Any member of the XRP and Ripple SubReddit communities, has been tipped or has tipped a fellow Rippler on the platform. There is an XRP tip bot that can be utilized. Further instructions on how to use the tip bot can be found on the XRP Tip Bot Website.

Nano (NANO): Twitter has a Nano Tip bot that can be used to tip fellow Twitter members on its platform.

Bitcoin Cash (BCH): The tipping aspect of BCH is not active yet since the lowest amount of BCH that you can send is 546 Satoshi. However, CoinGeek and nChain are joining the ‘Miner’s Choice’ initiative to allow miners to have the freedom to determine if they can offer free transactions and also to lower the sending limit to 0.00000001 BCH. This means that BCH can soon be used for tipping since the transactions levels have been lowered and free transactions will also become a reality.

What next for Reddcoin if it is to fight off the competition?

The next move for Reddcoin, its team members, and fans, is simply to market the coin harder and promote its adoption in the currently available platforms of Reddit, Telegram, and Twitter. More crypto enthusiasts need to be made aware of the brilliant qualities available on Reddcoin such as the RDD ID that will allow the seamless use of your Reddcoin identity on all social media platforms. You can then tip from this one ID or even send microtransactions using ti. This will indeed be the game changer for the Reddcoin project moving forward.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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