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Reddcoin penetrating the Indian market on a new exchange despite regulatory uncertainty

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Reddcoin
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In terms of cryptocurrencies, the Indian government has maintained a somewhat harsh stance. The RBI (Reserve Bank of India) had announced plans to put a crackdown a few months ago on trading and purchasing of cryptocurrencies in the country. According to regulators, the move is set to minimize cases of fraud and money laundry.

However, the decision has resulted in a growing case of anxiety among crypto investors in India. Cryptocurrency related companies are working around the clock to meet the regulators halfway while still serving the growing demand for cryptocurrency investment. But even as uncertainty looms over the crypto industry in India, Reddcoin is making a daring move with its new listing on KoinKo. Now you can use Indian Rupees to trade Reddcoin. Koinko (as a bonus) is also offering over 150,000 RDD tokens as a giveaway in terms of deposits and trading rewards to its users. That is music to any Reddcoin enthusiasts. Let’s take a look at what Reddcoin’s newest exchange is all about.

More about Koinko

At its core, Koinko is giving users in India access to popular altcoins such as Reddcoin, Neo, and Tron to mention but a few. The exchange platform is regulatory compliant with Know Your Customer (KYC) enabled verification processes. Basically, if you need a one-stop solution for trading cryptocurrencies, Koinko is a viable option. Furthermore, the company has put in place anti-money laundering guidelines as issued by the RBI making it a reliable option even with the current regulatory uncertainty in India.

Redcoin for content marketing and content creators

Even with the new listing, there is still no telling what will happen to the price of RDD as the market is still on a bear trend (despite recent developments). Reddcoin, in fact, has been gaining traction in terms of market outreach with a number of exchanges that have listed it as a trading pair on their platform. A few weeks ago, the RDD coin was listed on the BiteBTC exchange as the Reddcoin revolution spread to the Singapore market.

Evidently, Reddcoin is on to something and it’s only a matter time before it becomes the ultimate cryptocurrency for tipping and rewarding creators on social networks. The coin is already in use to promote contemporary art on a platform that allows users to vote for their best pieces whereby the best artists get a 10 percent stake of the sales value in RDD.

What makes Reddcoin Unique?

Well for starters, Reddcoin is taking the idea of social currency to whole new level. It is one of the few coins that can easily be mass adopted thanks to their ease of use and the fact that it’s built to seamlessly integrate with major social networks. This crypto is built to be easy fast and cheap to transact with. Reddcoin uses an eco-friendly staking algorithm that encourages ownership and activity (PoSV) to enable less consumption of energy during mining. What better way to get more social than preserving energy?

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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