Reddcoin (RDD) price for today $0.003
Market capitalization $81,898,609
Price movement in the last 24 hours
POS return of investment yearly 5.10 %
24-hour trading volume $781,544.41.
POS return of investment montly 0.43 %
RDD to stake : 0.00 RDD ($0.00)
Yearly Earning : 0.00 RDD ($0.00)
Monthly Earning : 0.00 RDD ($0.00)
Weekly Earning : 0.00 RDD ($0.00)
Daily Earning : 0.00 RDD ($0.00)
The RDD Coin is not mined, but minted. Reddcoin uses the Proof-of-Stake Velocity Algorithm (PoSV), which is intended to replace the Proof of Work (PoW) as a mechanism for verifying transactions and creating blocks. After the introduction of PoSV, the mining of the coin became obsolete. Added to this is the introduction of multipools that mine the most profitable Altcoins and convert them into RDD coins for you. The interest rate of the PoSV averages 5% per year. Your bonus interest rate depends on how often you stake and how long your wallet runs by staying online.