Reddcoin announced on February 8th that their Stakebox pre-orders and RDD merchandise are now live, although delivery is not expected until mid-March. The Stakebox unit is a hardware package designed to allow Reddcoin holders to stake their Reddcoin currency and get a return on the investment.

When a user invests Reddcoin (RDD) the network uses the stake to secure its transactions, and verified transactions are rewarded with fresh RDD. It\'s a version of the blockchain Proof of Stake mining system called Proof of Stake Velocity, which is less energy-consuming than the Bitcoin Proof of Work system and saves on electricity.

Reddcoin decentralised digital currency was launched in 2017 as a social network tipping platform. The blockchain\'s decentralised Tip Platform enables a seamless integration of social networks anywhere in the world, and supports content creators by means of micro-donations.

The native RDD coins are used by those trawling social media sites, Reddit, Twitter and Twitch, by means of a TipBot. This allows a social ranking system to be initiated with tips being paid in RDD for quality of input, appreciation and other reasons. As well as amounts of the RDD cryptocurrency coin, users can also tip with equivalent amounts of champagne, high fives, hugs, donuts or caviar, or just a simple upvote.