Reddcoin (RDD) Live Price

ReddCoin (RDD), sometimes spelled 'Reddcoin', is a social cryptocurrency designed specifically as a system for users to provide monetary tips and donations to other social media participants. It was originally designed to be used on major social media platforms, such as Reddit and Twitter, but is increasingly supported on a larger number of less popular social media platforms. The defining feature of this digital currency is the ability to create a signature identity within the underlying blockchain that allows the receiver of the 'tip' to identify who it came from.

RDD had a very low value for the first few years after its 2014 launch, before the value of ReddCoin rose dramatically in early 2017 as the coin's adoption and use rate increased. It then saw a similar boom and bust sequence in the 2018 crypto boom as most other cryptocurrencies before falling back to pre-2018 levels. It now has an overall market cap that places it just outside the top 100 coins.

While the original concept for ReddCoin was a simple system for social media tipping, it has since developed a range of applications and extensions that enhance the underlying social media experience using this digital currency. Users are able to invite friends onto the platform, track public tips and donations and a variety of other extended uses.