Most people may confuse the Bitcoin Red for the well known bitcoin, the forerunner of digital currency. The bitcoin has near legendary status, not just among the community of cryptocurrency users, but among the general public as well. The currency changed the face of digital transactions. The blockchain technology it introduced is set to evolve and challenge financial systems worldwide. While the Bitcoin Red has similar name, it is a different currency. The only common factor is the use of blockchain technology, to enable digital transactions. The Bitcoin Red has a strong community. The forum even features fan artwork, so it is easy to see that the currency has strong support from users.
Users can use the Bitcoin Red Tokens (BTCRED) for trading. The currency is listed on various digital currency exchanges. This makes the currency easy to access, something investors and shoppers will appreciate. There are 21 million tokens in existence, while 14 million are in circulation. The ICO is expected in late December 2017. Users can use browser wallets to store their currency as of now.
Those who have pre mined currency can store them on web based wallets such as ethereum. The Bitcoin Red wallets are in the process of developments and will be released in early 2018. The Bitcoin Red is the ideal option for investors, since the ICO is just about to begin. So, there are plenty of options to purchase the currency, and hold it until it increases in value.
The Bitcoin Red is a currency that attempts to build on the popularity of the original bitcoin. According to promoters, the bitcoin, while the most popular digital currency yet, has outdated technology. This might be true to some extent since its blockchain technology came into being in 2009, which makes it very old by digital standards. The Bitcoin Red is not associated with the bitcoin though. The promoters have promised more developments after the December ICO. Some of the currency has been pre mined, through airdrops. The currency is currently trading on the Yobit and other exchanges and it is therefore, easy to buy it. The year ahead seems to be exciting for the currency, as the whitepaper, what the promoter’s term redpaper, will be made available soon. Mid 2018 will see the release of the Bitcoin Red wallet, so that users can transfer their coins from ethereum and other browser wallets to the new wallet.
DISCLAIMER
Kindly notice! Hashgains do not give you any trading advice. Before availing our services, do your research and get answers to your questions in order to find out whether cryptocurrency mining is legal in your state, country, province or not.
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