ReddCoin (RDD) & Project Redd
ReddCoin is a decentralized, community-run cryptocurrency founded in 2014 that uses Proof-of-Stake Velocity consensus for social media tipping, micro-transactions, and low-cost peer-to-peer value transfer, maintained by volunteers and distributed through third-party exchanges globally.
- Company typePrivate
- Founded2014
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What ReddCoin (RDD) & Project Redd does
ReddCoin is a decentralized, open-source cryptocurrency project founded in 2014 and operated under the legal entity ReddCoin Inc. in the United States. It is purpose-built as a "social currency" for tipping, micro-transactions, and social media value exchange, using a custom Proof-of-Stake Velocity (PoSV) consensus mechanism that rewards both coin ownership and active network participation. The network processes transactions in approximately 60 seconds with zero to optional low fees, has over 34.3 billion RDD in circulating supply, and caps annual inflation at 5%.
The product surface consists of three integrated components: the RDD token itself, the official ReddCoin Core Wallet (a desktop full-node client with self-custody and native staking), and ReddID, a blockchain-based naming and identity layer that maps human-readable identifiers to wallets for frictionless cross-platform tipping. Distribution is entirely decentralized: RDD trades on more than ten third-party cryptocurrency exchanges globally (including SLEX.io, NonKYC, StakeCube, FreiExchange, XBTS, and others), and the project maintains no direct sales or enterprise channel. The ecosystem is operated by 1-10 volunteer contributors, self-funded through block rewards rather than external venture capital.
The go-to-market model is community-led and social-media-driven across Telegram, X, Reddit, GitHub, and Bluesky, supplemented by occasional event participation (e.g., Australian Crypto Convention, November 2025) and X Spaces podcasts. Recent strategic emphasis is on protocol upgrades (SegWit and CSV activations in October 2025), the ReddID identity layer rollout, and JavaScript developer tooling via the reddcore monorepo on npm. Notable risks in the operating environment include the bankruptcy of former primary exchange Xeggex in mid-2025 and a multi-day SLEX.io outage in September 2025, exposing liquidity and counterparty concentration risk for the project.
ReddCoin (RDD) & Project Redd firmographics
Firmographics- Name
- ReddCoin (RDD) & Project Redd
- Legal name
- ReddCoin Inc.
- Website
- https://reddcoin.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ReddCoin is a decentralized, community-run cryptocurrency founded in 2014 that uses Proof-of-Stake Velocity consensus for social media tipping, micro-transactions, and low-cost peer-to-peer value transfer, maintained by volunteers and distributed through third-party exchanges globally.
- Ownership category
- akta.pro rank
ReddCoin (RDD) & Project Redd industry classification
Industry- Product category
- Social Cryptocurrency
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE)
- akta.pro secondary industry
- Staking Infrastructure & Validator Enablement (Middleware, Slashing Protection, MEV Relays) (FSADAHAJ)
Keywords
Where ReddCoin (RDD) & Project Redd is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
ReddCoin (RDD) & Project Redd business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Block Rewards / Staking Rewards: Network participants earn block rewards through Proof-of-Stake Velocity (PoSV) consensus by staking their RDD holdings. The maximum inflation rate is 5% annually, providing ongoing staking rewards to secure the network.
Go-to-market motion1 record
Distribution channels11 records
Marketing channels7 records
ReddCoin (RDD) & Project Redd product offering
Product offeringCore offering
ReddCoin is a decentralized cryptocurrency purpose-built for social payments, tipping, and micro-transactions, operating on a custom Proof-of-Stake Velocity (PoSV) blockchain with 60-second confirmations and zero to optional low transaction fees. Its ecosystem consists of the native RDD token (with over 34.3 billion coins in circulating supply and a max 5% annual inflation rate for staking rewards), the official ReddCoin Core Wallet desktop client for storage, sending, receiving, and staking, and the ReddID identity and naming layer that enables human-readable identifiers for cross-platform tipping. The project is open-source, self-funded via block rewards, and maintained by a small team of community volunteers operating the protocol and exchanges integrations globally.
Product overview
ReddCoin is a decentralized social payments network built around three integrated products: the ReddCoin (RDD) cryptocurrency as the core digital currency for social tipping and micro-transactions; the ReddCoin Core Wallet as the official desktop client providing secure storage, staking functionality, and network validation; and ReddID as the blockchain-based identity layer enabling human-readable identifiers for seamless social payments across platforms. The ecosystem operates on a Proof-of-Stake Velocity (PoSV) consensus mechanism, with over 34.3 billion coins in circulating supply and a maximum 5% annual inflation rate for staking rewards.
Differentiator
Problem solved
Functional benefit
Brands
- ReddCoin Currency: The native digital currency of the ReddCoin network, built for social payments, tipping, and micro-transactions. Enables fast, low-cost value transfers for supporting creators, communities, and everyday digital interactions.
- Core Wallet
- ReddID
Products and services
- ReddCoin (RDD) Native digital cryptocurrency of the ReddCoin network, designed for social payments, tipping, and micro-transactions. Enables fast, low-cost value transfers for rewarding content creators and supporting everyday digital interactions. Uses Proof-of-Stake Velocity (PoSV) consensus with approximately 34.3 billion coins in circulating supply and a maximum 5% annual inflation rate for staking rewards.
- ReddCoin Core Wallet Official desktop wallet for securely storing, sending, and receiving ReddCoin (RDD). Features secure local storage of private keys, full node functionality for network validation, user-friendly interface for beginners and advanced users, BIP39 mnemonic support, and native staking capability for earning rewards through Proof-of-Stake participation.
- ReddID Blockchain-based identity and naming layer for the ReddCoin ecosystem that introduces human-readable identifiers associated with ReddCoin wallets, eliminating the need for long cryptographic addresses when sending value across social platforms. Built with auction-based ID allocation and designed to enable simplified cross-platform tipping.
Quantifiable outcome
- 60-second transaction confirmation times
- +2 more outcomes
Companies that use ReddCoin (RDD) & Project Redd
Customer profileSegments2 records
Ideal customer profiles3 records
ReddCoin (RDD) & Project Redd technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
Feature4 records
ReddCoin (RDD) & Project Redd partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, minor and supporting.
- SLEX.iocoreSLEX.io is the primary exchange partner for ReddCoin trading, providing RDD/USDT and RDD/USDC trading pairs. The exchange launched on July 30, 2025, offering improved liquidity and market depth for the ReddCoin community. However, the exchange experienced a significant 6-day outage in September 2025, raising reliability concerns.
- Web3 Global MediaminorReddCoin participated in two X Spaces podcast events hosted by Web3 Global Media, reaching approximately 7,500+ total listeners combined. Discussions focused on self-custody, security, and community-driven solutions.
- NonKYC ExchangesupportingNonKYC exchange provides ReddCoin trading services, allowing users to trade RDD without mandatory KYC requirements.
- StakeCube ExchangesupportingStakeCube exchange offers ReddCoin trading alongside staking services, providing liquidity and accessibility for RDD holders.
- FreiExchangesupportingFreiExchange provides ReddCoin trading services as part of its cryptocurrency exchange offerings.
- FreiXlitesupportingFreiXlite exchange offers ReddCoin trading services with simplified interface.
- QutradesupportingQutrade exchange provides ReddCoin trading pairs for user access.
- OCCE.iosupportingOCCE.io exchange provides ReddCoin trading accessibility to its user base.
- XBTSsupportingXBTS exchange provides ReddCoin trading through its platform.
- Enor SecuritiessupportingEnor Securities provides token trading services including ReddCoin (RDD).
- Blockchain FinancialsupportingBlockchain Financial exchange offers ReddCoin trading within its cryptocurrency exchange services.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
ReddCoin (RDD) & Project Redd competitors and assessment
Company assessmentDirect peers
- Dogecoin: Community-driven, originally joke-derived cryptocurrency widely used for social tipping on Reddit and X. Shares ReddCoin's community-led model, social-media focus, and PoS-style economics, though with far greater scale and brand recognition.
- Nano: Feeless, instant-settlement cryptocurrency purpose-built for peer-to-peer payments and micro-transactions. Direct functional overlap with ReddCoin's tipping use case, though Nano uses a different (block-lattice) consensus.
- Verge Currency: Privacy-focused community-run cryptocurrency targeting everyday transactional use including tipping. Similar volunteer-driven, niche altcoin positioning and social-media community engagement model.
- Banano: Feeless, community-driven cryptocurrency explicitly designed for micro-transactions and tipping. Comparable to ReddCoin in niche targeting, feeless design, and small volunteer community structure.
Emerging players
- Shiba Inu: Community-driven ERC-20 token with a tipping and social-engagement ecosystem (ShibaSwap, Shibarium L2). Comparable community-led, social-media-driven model though Ethereum-anchored and much larger scale.
- Dogelon Mars: Meme-driven, community-run cryptocurrency with social tipping culture and similar altcoin micro-cap profile. Comparable in community-dependence, social-media-driven growth model, and lack of VC backing.
- Peercoin: Early PoS cryptocurrency (2012) that pioneered stake-based consensus. Comparable in age, longevity, and community-maintained development style; shares the legacy altcoin positioning.
Broad incumbents
- IOTA: Feeless distributed ledger technology designed for IoT micropayments and machine-to-machine value transfer. Comparable feeless micro-transaction positioning though targeting industrial rather than social use cases.
- Stellar (XLM): Established payments-focused blockchain with low fees and fast settlement, targeting cross-border and micropayments. Comparable use case at a vastly larger scale, with institutional partnerships ReddCoin lacks.
Others
- Binance USD (BUSD) / USD Coin (USDC) tipping integrations: Stablecoin-based tipping and payment rails integrated into social platforms (Circle's social payments APIs). Indirect competitor representing the fiat-pegged alternative path for social tipping — the use case ReddCoin targets, but with stable value rather than speculative.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights7 records
Customer concentration
ReddCoin (RDD) & Project Redd social profiles
Digital presenceReddCoin (RDD) & Project Redd financial estimates
Financial estimateRevenue estimate
Valuation estimate
ReddCoin (RDD) & Project Redd leadership team
Management profileNumber of profiles
ReddCoin (RDD) & Project Redd funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ReddCoin (RDD) & Project Redd M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ReddCoin (RDD) & Project Redd
What does ReddCoin (RDD) & Project Redd do?
ReddCoin is a decentralized cryptocurrency purpose-built for social payments, tipping, and micro-transactions, operating on a custom Proof-of-Stake Velocity (PoSV) blockchain with 60-second confirmations and zero to optional low transaction fees. Its ecosystem consists of the native RDD token (with over 34.3 billion coins in circulating supply and a max 5% annual inflation rate for staking rewards), the official ReddCoin Core Wallet desktop client for storage, sending, receiving, and staking, and the ReddID identity and naming layer that enables human-readable identifiers for cross-platform tipping. The project is open-source, self-funded via block rewards, and maintained by a small team of community volunteers operating the protocol and exchanges integrations globally.
Is ReddCoin (RDD) & Project Redd a public or private company?
ReddCoin (RDD) & Project Redd is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ReddCoin (RDD) & Project Redd founded?
ReddCoin (RDD) & Project Redd was founded in 2014. It employs 1 to 10 people.
Where is ReddCoin (RDD) & Project Redd based?
ReddCoin (RDD) & Project Redd is headquartered in New York, United States, in the North America region.
How does ReddCoin (RDD) & Project Redd make money?
One revenue line is on record: block Rewards / Staking Rewards.
Who are ReddCoin (RDD) & Project Redd's main competitors?
Direct peers on record are Dogecoin, Nano, Verge Currency and Banano. Emerging players are Shiba Inu, Dogelon Mars and Peercoin. Broad incumbents are IOTA and Stellar (XLM). Binance USD (BUSD) / USD Coin (USDC) tipping integrations is listed as an others.
Does ReddCoin (RDD) & Project Redd have an API?
No public API is recorded for ReddCoin (RDD) & Project Redd.
What industry is ReddCoin (RDD) & Project Redd in?
ReddCoin (RDD) & Project Redd's product category is Social Cryptocurrency. Its primary akta.pro industry code is FSAPAEAE, Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll), with a secondary code of FSADAHAJ, Staking Infrastructure & Validator Enablement (Middleware, Slashing Protection, MEV Relays). Its NAICS code is 522320 and its SIC code is 6200.