FAQs
Frequently asked questions
Some of the most common questions. Can’t find the right answer? Send your question.
What is REDCoin?
A unique cryptocurrency blending Bitcoin’s scarcity and Dogecoin’s community spirit. It’s the native digital currency of the REDCoin ecosystem, used for transactions, access to platform features, governance voting, and incentives within TheRed.AI.
How can I acquire REDCoins?
Purchase through approved crypto exchange platforms and participate in community activities like Launchpools, Launchpads, and Airdrops. Don’t forget to sign-up the Whitelist to get the last updates.
What is token vesting?
Ensures a fair and gradual distribution of tokens using TrustSwap. In other words, it avoids “rug pulls” and protect investors.
How can I use REDCoin?
Use for transactions within the community, TheRed.AI, and for governance votes.
What makes REDCoin unique?
Its combination of scarcity, community involvement, and transparent governance.
How does community governance work?
Community members vote on key decisions affecting the coin’s future.
What is Decentralized Governance?
A form of governance in which decision-making authority is distributed throughout a decentralized network, particularly in blockchain contexts, allowing token holders like REDCoin holders to vote on important matters.
What is BSC (Binance Smart Chain)?
A blockchain network built for running smart contract-based applications, where REDCoin was deployed. BSC operates alongside Binance Chain to offer high transaction capacity, high security and smart contract functionality.
What is a cryptocurrency?
A digital or virtual currency that uses cryptography for security. A defining feature of cryptocurrencies is their decentralized control as opposed to centralized digital currencies and central banking systems.
What is Dogecoin?
A decentralized, peer-to-peer digital currency that enables users to easily send money online. It was introduced as a “meme currency” in December 2013 but has since gained a substantial community following.
What is Bitcoin?
The first decentralized digital currency, created in 2009. Bitcoin uses peer-to-peer technology to operate with no central authority or banks, managing transactions and the issuing of bitcoins collectively by the network.
What is TheRed.AI?
An AI-driven platform integral to the REDCoin ecosystem, which synthesizes and validates community-contributed knowledge, offering dynamic insights and fostering an educated user base.