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Author Topic: [ANN][X16S][MASTERNODE] REDEN: The Anti-Scam, De-risking, Community Run Altcoin  (Read 8016 times)
thebeard.be
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April 21, 2018, 01:16:13 AM
 #1



LAUNCH ON 21 APRIL, 22:00 UTC
Reden (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.




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.



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.

High level product diagram


Download the pdf-version


Whitepaper

Download v0.3


Roadmap

Roadmap on the website

Wallets

Win and linux wallet
Mac wallet coming


Links

Discord
Website
Explorer


Social Media

In order of use...

Discord
Github
Twitter
Telegram
Facebook Group
Facebook Page
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April 21, 2018, 01:16:42 AM
 #2

https://i.gyazo.com/757c130c6682584c21918ba923d37fd3.png


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.




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

Rion
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April 21, 2018, 01:17:00 AM
 #3


https://hash4.life/
Automatic payouts every hour
No registration required for pool


To Start Mining
Code:
-a x16s -o stratum+tcp://hash4.life:3663 -u WALLET -p c=REDN

Explorer
https://hash4.life/explorer/REDN

Nodelist
https://hash4.life/explorer/peers?sym=REDN

Discord
https://discord.gg/At7Zbng

Holding: Bitcoin | Ethereum | Ark
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April 21, 2018, 01:19:54 AM
 #4

We will add this to LuckyAltcoin.
LastJedi
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April 21, 2018, 01:20:18 AM
 #5

Well...
It was bound to happen with all the scams going around with the introduction of all these coins popping out of nowhere and running the process using all this ico nonsense to pour fuel on the fire.
An anti scam coin is a good sign of the times we all live in for the time being with in the crytosphere.

Isn't there already a REDEN coin?

No...
You are thinking of redd coin. I've seen them on twitter and thought it was them to.

https://coinmarketcap.com/currencies/reddcoin/

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April 21, 2018, 01:26:38 AM
 #6

A community mining pool is now available for Reden
The 1% fee goes towards development and marketing efforts
This is also meant to provide a stable environment and distribution of hash among several locations


  • Stratum  : pool.redencoin.org:3669
  • User     : <wallet_address>
  • Password : c=REDN


  • Website  : http://redencoin.org/
  • Fee      : 1 %
  • Nvidia   : ccminer -a x16s -o stratum+tcp://pool.redencoin.org:3669 -u <wallet_address> -p c=REDN

To name workers or set difficulty, enter in the password area -p worker,d=1048,c=REDN
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April 21, 2018, 01:36:14 AM
 #7

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy


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April 21, 2018, 01:50:21 AM
 #8

is their a cut off block height for the swap?
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April 21, 2018, 01:59:50 AM
 #9

resr

ukkey3
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April 21, 2018, 02:19:01 AM
 #10

Pool Of Ukkey3 - MultiAlgo Pool

- Mining Command
Code:
-a x16s -o stratum+tcp://pool.ukkey3.space:3663 -u <WALLETADDRESS> -p c=REDN
thebeard.be
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April 21, 2018, 02:28:22 AM
 #11

is their a cut off block height for the swap?

Yes the old chain will be snapshotted at block 37 050
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April 21, 2018, 02:41:11 AM
 #12

AltTank | REDEN Mining Pool  | http://www.alttank.ca/
Supporting REDEN since day 1!

FAST 1GB/s NETWORK

Host: alttank.ca
Algo: x16s
Port: 4648
User: Your wallet address
Password: c=REDEN
Fee: 0.5%
Payout: Every 2 hours

Code:
-a x16s-o stratum+tcp://alttank.ca:4648 -u ADDRESS.WORKER -p c=REDEN
redsun17
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April 21, 2018, 02:46:51 AM
 #13

Exciting, I keep hoping for a REAL x16s masternode coin (too many scams).  This one is hopefully a legit one because it is a community coming together after a scam.  Look forward to mining.

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April 21, 2018, 02:51:17 AM
 #14

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April 21, 2018, 03:13:04 AM
 #15

Reserved
redsun17
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April 21, 2018, 03:35:39 AM
 #16

I think, if it helps: the reason some people ALREADY see REDEN is because the old chain on which the dev ran away was already renamed to REDEN.  But that was just the old chain becoming temporarily supported until swap.  Now a new chain is starting (with a swap) and this one will OFFICIALLY be called REDEN.

   SEMUX   -   An innovative high-performance blockchain platform   
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Get Free Airdrop Now!
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April 21, 2018, 04:01:45 AM
 #17

this coin has been promoted in new coin group, good luck team!
https://t.me/CoinsANN
https://discord.gg/Afwc2wn
http://finfront.ru/wp-content/uploads/2018/03/%D0%9C%D0%B0%D0%B9%D0%BD%D0%B8%D0%BD%D0%B3.jpg
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April 21, 2018, 04:13:53 AM
 #18

Reserve
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April 21, 2018, 05:59:10 AM
 #19

no source released, premino by suspected scam, and look at the block explorer http://explorer.reden.io/ there are already 16GH / s in mining. Stay away.

That's the old Eden chain which the existing community is mining on and it's gonna cease its life by this weekend.

The new chain will be released and avail afterwards, starting from Block 0 with all the specs mentioned.



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April 21, 2018, 06:20:32 AM
 #20


Waiting for wallets and mining   Grin Grin Grin Grin
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