Reddcoin: Innovative Cryptocurrency Tipped for Social Media Buzz (based on forexminute article)
There couldn’t be a better way to market a cryptocurrency by simply distributing it. Earlier, it was Auroracoin that made a positive buzz in the market after its creator announced to distribute it among Iceland’s denizens. Just a few hours before, Dogecoin raised $11,000 for a charity cause in Kenya. And now, we have another example in Reddcoin, a new cryptocurrency which is specially made for tipping loyal followers on social media.
A simple instance for such tipping can be given via a query which people normally search on search engines. Suppose you want to buy the best and the cheapest airplane ticket to New York from London. You thus choose a platform to share your question “Which is the best and the cheapest flight to New York from London” with the rest of the netizens. And eventually you get the best reply from an anonymous user, recommending you the best flight options which helps you extensively.
To repay that anonymous user for his quick and generous reply, you simply tip him/her with 4000 RDD which is currently around 20 cents USD. This is what a basic premise of Reddcoin overall is.
How Reddcoin is Different in its Own Way?
A majority of people still considers cryptocurrencies complicated. An average person does not have a clue about mining or using them. With Reddcoin’s simple and authentic approach, it would be much easier for people to introduce the overall structure of cryptocurrencies. It will eventually attract more people towards them.
Reddcoin, like most of the altcoins today, is based on Bitcoin’s open code. But what makes it different from other cryptocurrencies is its ability to fill the gaps between common people and cryptocurrencies. Reddcoin integrates a transparent cryptocurrency system will major social media platforms to make currency exchange process simpler, fun and rewarding for both the donor and the recipient.
Is the Future of Reddcoin Promising?
Cryptocurrencies today are less a payment-mode and more a hype. Reddcoin is however making a natural hype by staying natural itself. The idea on which this coin is based alone can garner innumerable followers within a short period of time, if navigated well. “We believe that our efforts will create a new demand for the currency and we must support our future growth,” says one of its developers, “At this point, we're sure you have a good idea of our project. We hope you can join us in this adventure.”
EURUSD Technical Analysis (based on dailyfx article) The EURUSD has broken out of the 5 month triangle. 1.3720 is the new pivot. As long as price is above 1.3720, focus is on the triangle target of 1...
Dogecoin: Historical Tweet Raises $11,000 for Kenyans (based on forexminute article)
Before the day wraps up in European territory, ForexMinute & Team first would like to wish Dogecoin for completing its 100 successful days. And we also would like appreciate its community for doing an impeccable humanitarian act by raising 40 million Dogecoins – almost $11,000 – so that Kenyan people get to have clean drinking water. And this is the first time a specific cryptocurrency-community has raised such an amount for charity, just by a simple single tweet. If reports are to be believed, the program Doge4Water reached its goal of collecting the aforementioned amount just few days earlier than the expected time; thank to an anonymous twitter account ‘Hood’ to provide all the money at once.
The account from which the money was received is actually a simple bot that allows one to perform a “tip” for the benefits of any other Twitter user.
Reportedly, the program’s initiator Eric Nakagawa had expected to raise the money before March 22nd this year, which a simple tweet brought within mere seconds. They had already received 16.3 million Dogecoins from various sources. But just the day before closing, a Robin Hood like entity decided to donate 14 million Dogecoins, creating history.
Initially, everyone thought it’s an internet prank but within few minutes of the donation, the Doge4Water confirmed its authenticity. As the cryptocurrencies are natively designed around a transparent block-chain, one can see the detailed transaction here and notice how the total number of Dogecoin are around 40,666,000. A statement by Dogecoin foundation has also confirmed the transaction 26 million Dogecoins by nearly 4,000 donors, with an average donation of $6 each.
The key donator Hood has also spoken on Reddit about the potential humanitarian work the Dogecoin community can do in future. He indicated to contribute also in other initiatives to help people in need. His idea is to present a vigilante-like-currency in the world where wealth is too concentrated.
Whether this vision will see life or not, but one thing is sure that the team Doge4Water has reached its purpose quite successfully.