https://i.gyazo.com/757c130c6682584c21918ba923d37fd3.png
LAUNCH ON 22 APRIL, 22:00 UTC
Redencoin (REDN)
Introduction
On 1 April 2018 developer “iodev” launched Eden, and over four days sold an estimated 90 masternodes before disappearing. He deleted the discord channel and would have succeeded in deleting the github code repository had it not been for the speedy action of several community members.
Within minutes @AT-sONk had opened a new discord channel, most of the community found its way there within the next few hours, and over the next days recruited more volunteers to save the project, with the goal from the outset to establish a community driven re-purpose for the project.
https://i.gyazo.com/1e5aa2485b0c4ea45dee0816ccf69a5d.png
What in the world is REDEN?
REDEN is a direct continuation of the coin once known as EDEN. On April 4, the developer of EDEN, iodev, ran off with almost 16 bitcoins (around $128,000) worth of investment money that was to be used for exchanges, listings, and developments. Today, the community's response to this terrible incident is the birth of a new coin: REDEN.
How will REDEN help stop scams from occuring?
1. New and current Altcoins will have the opportunity to list on the reden.io website with any amount of collateral in REDEN. There will be no maximum or minimum.
2. On reden.io, anyone can publicly view the collateral offered by the developer.
3. It is then up to the investor whether he wants to invest. Should the dev run away with the investor's money, scam victims may exchange their coins for a portion the REDEN collateral. [A process will be established to verify bona fide claims and distribute the REDEN collateral.]
REDEN will be the altcoin that ends developer scamming:
a) Investors will have the opportunity to view publicly offered collateral
B) REDEN will also create a platform for the community to monitor projects for suspicious activity, and share and implement best practices for good projects. We have made a start on this with our #scam-watch and #scam-stories discord channels.
i) #scam-watch: help advise investors of possible scams
ii) #scam-stories: scam victims may publicly post their scam stories, whether it be by a developer or Discord user, and post donation addresses for community members to help.
Another value of REDEN is its active and dedicated community: polls are posted every step of the way and community members are allowed to vote and decide the future of REDEN at each step of the roadmap.
https://i.gyazo.com/1e5aa2485b0c4ea45dee0816ccf69a5d.png
Whitepaper
Whitepaper is in the works and a draft should be ready by launch tomorrow
Roadmap
Roadmap is in the works and a draft should be ready by launch tomorrow
Wallets
Will be added here at launch
Links
Discord
Website
Explorer
Social Media
In order of use...
Discord
Github - coming at release
Twitter
Telegram
Facebook Group
Facebook Page
LAUNCH ON 22 APRIL, 22:00 UTC
Redencoin (REDN)
◆ Algorithm: X16S
◆ Block time: 120 seconds
◆ Block Reward: 50 Reden 60% PoW :: 40% Masternode
◆ Max supply: 14 mln
◆ Halving: 25% every 60K blocks
◆ 90% supply: 24months
◆100% supply: 5.7 years
◆ Masternode collateral: Required 5000 Reden
Premine: 400,000 REDEN + 3,000,000 REDEN for 1:1 swap of EDEN. First 800 blocks are 0 reward in the interest of fairness.
◆ Block time: 120 seconds
◆ Block Reward: 50 Reden 60% PoW :: 40% Masternode
◆ Max supply: 14 mln
◆ Halving: 25% every 60K blocks
◆ 90% supply: 24months
◆100% supply: 5.7 years
◆ Masternode collateral: Required 5000 Reden
Premine: 400,000 REDEN + 3,000,000 REDEN for 1:1 swap of EDEN. First 800 blocks are 0 reward in the interest of fairness.
Introduction
On 1 April 2018 developer “iodev” launched Eden, and over four days sold an estimated 90 masternodes before disappearing. He deleted the discord channel and would have succeeded in deleting the github code repository had it not been for the speedy action of several community members.
Within minutes @AT-sONk had opened a new discord channel, most of the community found its way there within the next few hours, and over the next days recruited more volunteers to save the project, with the goal from the outset to establish a community driven re-purpose for the project.
https://i.gyazo.com/1e5aa2485b0c4ea45dee0816ccf69a5d.png
What in the world is REDEN?
REDEN is a direct continuation of the coin once known as EDEN. On April 4, the developer of EDEN, iodev, ran off with almost 16 bitcoins (around $128,000) worth of investment money that was to be used for exchanges, listings, and developments. Today, the community's response to this terrible incident is the birth of a new coin: REDEN.
How will REDEN help stop scams from occuring?
1. New and current Altcoins will have the opportunity to list on the reden.io website with any amount of collateral in REDEN. There will be no maximum or minimum.
2. On reden.io, anyone can publicly view the collateral offered by the developer.
3. It is then up to the investor whether he wants to invest. Should the dev run away with the investor's money, scam victims may exchange their coins for a portion the REDEN collateral. [A process will be established to verify bona fide claims and distribute the REDEN collateral.]
REDEN will be the altcoin that ends developer scamming:
a) Investors will have the opportunity to view publicly offered collateral
B) REDEN will also create a platform for the community to monitor projects for suspicious activity, and share and implement best practices for good projects. We have made a start on this with our #scam-watch and #scam-stories discord channels.
i) #scam-watch: help advise investors of possible scams
ii) #scam-stories: scam victims may publicly post their scam stories, whether it be by a developer or Discord user, and post donation addresses for community members to help.
Another value of REDEN is its active and dedicated community: polls are posted every step of the way and community members are allowed to vote and decide the future of REDEN at each step of the roadmap.
https://i.gyazo.com/1e5aa2485b0c4ea45dee0816ccf69a5d.png
Whitepaper
Whitepaper is in the works and a draft should be ready by launch tomorrow
Roadmap
Roadmap is in the works and a draft should be ready by launch tomorrow
Wallets
Will be added here at launch
Links
Discord
Website
Explorer
Social Media
In order of use...
Discord
Github - coming at release
Telegram
Facebook Group
Facebook Page
