Reddcoin, the future of money!

Hello steemit community, I am a cryptocurrency guru and fanatic, and I am here to tell you that Reddcoin is the future of money.

This chart indicates that Reddcoin may rise in price, however, there is always the chance that someone could sell a large amount and drop the price. I think that ultimately we are seeing an uptrend in the value of Reddcoin.

Why is Reddcoin so great?

You may be asking yourself, what is the big deal? Why is Reddcoin so special and important for the future? Because those who buy the Reddcoin now while they can, will be able to mint them in the future with great profit. Reddcoin is produced using an algorithm called Proof Of Stake Velocity (POSV), and is designed to produce approximately 5% of a coin holder's amount. This works by giving your coin's weight over time, a small bonus is added when staking is done continuously. It is not necessary to constantly stake your coins, in order for them to gain weight. However, there are incentives for staking often, for example, when you stake Reddcoins, the Reddcoins are sent to yourself with the new coins added as an input. This resets the velocity aspect of Reddcoins, which reduces the amount of weight your coins gain over time. When you successfully stake Reddcoins, all of your coin's weight is converted to newly minted coins that are then sent to you. You can calculate an estimate of how many coins you can mint very easily:

TotalCoins x 0.05 = AnnualCoinsMinted

So if you had 100,000 coins, you can mint approximately 5,000 coins annually. These can be minted as smaller amounts over time, or as one minting per year, however, coins gain a small weight bonus from staking often. This may seem like a low amount, however, it is very good. For one, it only takes a single laptop to stake coins, producing them with very low power, second, 5,000 coins could be a lot of money, depending on the current market price. Third, as the price increases, which is inevitable, the minting of coins will become more difficult, simply because it is a percentage of the coins held. Reddcoin is going to become scare, because when people realize minting Reddcoins is amazing, the available supply people are willing to sell (1 million RDD+) will stop, and only the staking rewards will begin to be sold.

Check me out on youtube: https://www.youtube.com/channel/UCqpnljJu7IKTEp45P_ftVTg