Review on ReddCoin by Toprak Dere

Name: ReddCoin
Item: ReddCoin
Rating: 4

January 03, 2021

About ReddCoin

Reddcoin is actually a cryptocurrency that is set up for use on social media platforms and does not have a centralized system.

Its main purpose is to facilitate, accelerate and make the acceptance of money in social networks effective.

If you like a post on any social media platform (with a 0% transaction fee), you can tip Reddcoin to the lucky user who owns the share.

This encourages people to create good quality content for social media platforms.

I think Reddcoin is the only cryptocurrency targeting social media platforms directly. This means that Reddcoin doesn't need to compete, and it's an advantage for them. The number of followers of the social media platform has hundreds of millions of users. If Reddcoin; If he gets the chance to be successful on social media platforms, he can enter the top 10 cryptocurrency list.
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Pros

Reddcoin is different from cryptocurrencies like Bitcoin that uses PoW instead of Proof of Stake (PoS) to distribute coins across the network. In PoS, coins are shared. Anyone who owns Reddcoin can easily top up their Reddcoin wallet from their PC, mobile phone or tablet. As long as your wallet is connected to the Reddcoin network and contains Reddcoin, you will be able to receive Reddcoin rewards at certain intervals as stakeholders. You will have more frequent wagering rewards as the duration of the coins and coins held in the wallet increases.
Unlike the currencies that other social media sites have created for their use on their platforms, it can work in harmony with all social media sites and offers a single solution to all of them.

Cons