We all love social media right? Even better we use social media every day. However, no one pays us for our activities on the social media platforms like Facebook, Venmo, and Snapchat. The Reddcoin (RDD) team envisioned a situation where social media users can trade their posts for various gift cards, products, crypto and other things.
The peer-to-peer payment system, Reddcoin was launched in 2014, and since then the team has had a vision of developing the first blockchain project that utilizes personalized IDs when it comes to social media tipping. The platform gives the users the ability to transact RDD (official token) without any fees on social media systems like Facebook Cash, SnapCash and Venmo. Furthermore, Reddcoin integrates with other social platforms like Twitter and Reddit. Users can send and receive money via these platforms but also tip their favorite authors in crypto.
Redd ID Public Release v1.0
The team has today confirmed the public release of Redd ID in September 2018. The Redd ID beta was launched on July 8 following a one week delay. The latest announcement said:
“Our dedicated team of volunteer developers and community has made this vision a reality. We are proud to announce the public release of Redd ID!”
The much-awaited release allows users to register their own unique “ReddID” name. Consequently, the “ReddID” is then linked to the user’s social media accounts, for instance, Twitter and Reddit. The team assures users that:
“Ongoing addition of new sites, open source software and plugins for web devs.”
“ReddID” users will be able to receive and send social tips on a single click of a button. The community-based system allows users to invite their friends to join the “reddID’ revolution as well. The ReddID Tipping System is available on Google Play Store as an Extension. Installation and update will take place with one-click on Google Play Store.
Other features of the new Redd ID system include being able to hold RDD in a light browser wallet without waiting for blockchain sync. It will also be possible to search other ReddID users by name and track their tipping activities on the web.
Reddcoin (RDD) Price Analysis
Reddcoin is currently trading at $0.00278 after a 21% rise in value in the last 24 hours. The crypto has embarked on a journey of breaking barriers to the upside following the extended declines in the month of August. RDD/USD recently traded lows of $0.0018 after breaking below the primary support at $0.0020. The bulls appear to have come back, besides the resistance at $0.0022 and $0.0024 was easily broken.
The uptrend has, however, lost momentum at $0.0030 and subtle lower corrections are in progress at the time of writing. There is a weak support at $0.0026, but the 50-day hourly moving average will stop declines above the stronger support at $0.0024. The primary support is still at $0.0020.
Reddcoin (RDD) outlook of the chart is currently negative, for instance, the stochastic oscillator is pointing downwards after leaving the overbought levels. The path of least resistance is to the downside and it’s vital that the bulls find support at $0.0026 to avoid further declines that will trim gains.