[ANN][X16S][MASTERNODE] REDEN: The Anti-Scam, De-risking, Community Run Altcoin

[thebeard.be]

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

[1713550384]

1713550384

[1713550384]

1713550384

[1713550384]

1713550384

[sonk83]

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]

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

[LastJedi]

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/

[erstweal]

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

[QueenFlorence]

 

[platedscrap]

is their a cut off block height for the swap?

[ukkey3]

Pool Of Ukkey3 - MultiAlgo Pool

http://pool.ukkey3.space/

- Mining Command

Code:

 -a x16s -o stratum+tcp://pool.ukkey3.space:3663 -u <WALLETADDRESS> -p c=REDN

[thebeard.be]

is their a cut off block height for the swap?

Yes the old chain will be snapshotted at block 37 050

[alttankcanada]

AltTank | REDEN Mining Pool  | http://www.alttank.ca/

http://www.alttank.ca/images/Logo.png

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]

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.

[crazypool]

https://crazypool.ca/images/trans7.png

[AMinerInfo]

Reserved

[redsun17]

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.

[Blazepool]

Reserve

[heroxk]

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.

[nguyenhuylai]

wallet and pool ??

Waiting

[MBible]

very good news. good luck!!!

[MBible]

In chat, telegram and discord are trying to cheat by selling EDEN. DO NOT BUY THIS SCAM COIN.

Have you read the ANN?
There will be a swap of 3.000.000 EDEN @ 1:1 for REDEN when block 37.000 will be hit. In a few hours probably (it is at 36346 atm of posting this reply).
So, fo the God's sake, read documentation first and then yell!

[dkbit98]

NO NEED FOR HUGE RED LETTERS....

Mister D.....


PS
And check out Trading channel