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Reddcoin (RDD) is a digital currency designed for tipping and sending money for social payments.
It is the cryptocurrency that powers the Redd ecosystem, a social tipping platform and volunteer-run organization that lets you support, donate and help fund various causes around the world. It is one of the oldest projects in the cryptocurrency space and was launched back in 2014 — during what many consider to be the year of peak innovation for blockchain technologies.
The Reddcoin token (RDD) can be earned through a unique algorithm known as proof-of-stake-velocity (PoSV), which sees RDD holders stake their assets on the Reddcoin wallet to earn rewards.