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Following Up with ReddCoin (RDD)

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ReddCoin

ReddCoin is among the top 100 cryptocurrencies across a massive market of two thousand different tokens and coins. This is no wonder as ReddCoin developers are working on having cryptocurrency transactions simplified and easy to use for anyone – even those who are not handy with the new age “money.”

With this idea, ReddCoin was doing pretty well so far, but as we all know, the world of cryptocurrencies can be a rocky place to be, so things change very quickly. How well is ReddCoin doing at the current moment and where do we see this currency in the following months of 2018?

A little reminder about ReddCoin

ReddCoin is a cryptocurrency set to make decentralized transactions a lot simpler and easier for all users, even those who don’t get how blockchain technology exactly works. Moreover, ReddCoin is using the phenomenon of social networks, so the developers see RDD as a social cryptocurrency. RDD is thus said to be made to enable easy and fast transactions throughout social media platforms, that way making decentralized transactions fun.

This currency has mineable coins, so to improve the overall experience for miners involved in acquiring this coin through mining ReddCoin is using a different protocol rather than commonly used proof-of-work and proof-of-stake protocols.

To cut on using large amounts of energy and wasting the electricity as you are mining, ReddCoin developers have chosen proof-of-stake-and-velocity, abbreviated as PoSV. By using this protocol, in particular, miners can get involved in the active mining of the ReddCoin blocks and earn some rewards while not wasting energy. We can all agree, especially miners, that paying obnoxiously large amounts of money for your electric bills is everything but fun – with PoSV, this price is significantly reduced with mining ReddCoin.

ReddCoin is operating through a decentralized platform called Tip Platform. Here, users and members can easily send and receive money transactions while operating on different social media platforms. This is very significant because fast and cost-effective global payments are being sent this way. To make ReddCoin community even more supportive, Tip Platform allows all users to reward content creators for original content across social media, which also makes possible for the content creators to earn some money in the form of ReddCoin currency they can later use for exchanging or making transactions.

ReddCoin in 2018

Given the fact that RDD is still being traded under a dollar, the first goal set for this currency is reaching the 1$ price per one coin. ReddCoin is still far from this goal as it is currently being traded at 0.0074$ per one unit.

ReddCoin could easily reach a one dollar price per one coin in the matter of a few months. As of the current moment, since RDD is trading at a fairly low price, if you thought about investing in a currency and you don’t already own RDD, this would be the perfect time for investing.

We will be updating our subscribers as soon as we know more. For the latest updates on RDD, sign up below!

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.

Image courtesy of coinmarketcap.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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