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

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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