RedPill Coin

Mei 04, 2018

RedPill Coin

Red Pill is a crypto currency based on Ethereum blockchain governed by smart contracts that provide support for most financial transactions. Ethereum blockchain provides powerful functionality that enables efficient operation of Red Pill as crypto currency. Red Pill's financial transactions in the form of smart contracts are authorized and processed across the network. All applicable rules for the Red Pill crypto currency protocol are compatible with the intelligent contracting framework of the Ethereum blockchain . The fact that Red Pill as a crypto currency built on the Ethereum network also provides an extra layer of security against malicious attacks on the Red Pill coin system.

All Red Pill transactions are processed, authenticated, recorded, stored, and distributed on the Ethereum blockchain. Red Pill coin users have the freedom to choose from a wide selection of wallets that are available to store their coins. This wallet is present in both online and offline storage options. Our favorite wallet selection is MyEtherWallet which in addition to providing online storage for Red Pill coins also gives users the opportunity to produce Paper Wallets that can be used as an internal storage option. This online storage option provides access to your Red Pill coins on the go. There are many ways users can access their MyEtherWallets like Ledger, Mnemonic Phrases, and UTC / JSON files.

Users are also free to store Red Pill in the official Ethereum Wallet; Mist. Mist is
available for download at GitHub. Cloud provides advanced security for your
Red Pill coins with constant improvements and updates to the framework. It is used by millions of crypto currency users in the Ethereum blockchain network.

Use of Blockchain Technology

Blockchain is a distributed transaction ledger on all the nodes that are parcipating within the network. This is a decentralized database of single transaction record settlements that have occurred, completed and distributed to all participants of the blockchain system. Blockchain runs on peer-to-peer (P2P) networks where there is no central server and all the nodes (computers) in the network are responsible for maintaining the integrity of the node. Blockchain technology uses cryptography as a means of enabling settlement nodes parcipating within P2P networks to update blockchain without the need for central authority. Setup nodes maintain complete updated blockchain dafar for completed transaction settlement.

As stated earlier, Red Pill is built on blockchain Ethereum using smart contracts. Smart contracts are small computer programs that run calculations that are replicated and distributed within the Ethereum blockchain network.

Red Pill runs on the Ethereum blockchain, it enjoys all the major advantages of blockchain applications from its distributed ledger technology. Its main advantages are as follows :

Eternity One of the biggest selling points of blockchain technology is its logical conservation. It is important that after the transaction is completed and recorded in the blockchain it can not be changed or removed from the ledger. As the Ethereum blockchain grows, this eternity becomes more secure. The set of changes made to inputs that have been previously viewed by the entire blockchain and thus the likelihood of success to manipulate the system is zero.
Low Encryption Trust Financial transactions can be done in blockchain without the need for a central supervisory body providing authentication and authorization. The removal of these ketga parties significantly reduces the risks and associated costs.
Anonymity Transactions in blockchain are completely anonymous and identities of the participants are completely protected. Users fully control their personal information thereby reducing the risk of identity theft.
Security Upgraded Because it is decentralized, blockchain does not have the center of failure. There is no entry point for malicious attacks, and this makes blockchain to be durable and reliable.

RedPill Transaction Security

Red Pill operates on a complete anonymity philosophy related to financial transactions. As a decentralized crypto currency, there is great emphasis on the security and integrity of all transactions. The vision behind Red Pill comes from the community of people who have a common belief in mutual trust in major financial institutions that want greater autonomy and control over their finances. There is almost no way to find out who owns the wallet.

Attacks on the Ethereum wallet will not provide information about the owner because the wallet provider does not store hashes or identification information about the owner and the creator of the portfolio. The only way to get this information is if the owner and the creator himself discloses the information. Thus, Red Pill users can safely and comfortably send and receive Red Pill without fear of being tracked. This system uses a powerful cryptographic encryption mechanism that makes it theoretically impossible for anyone to get another person's Red Pill. Any Red Pill transaction requires a private key or UTC / JSON file to be processed and validated. As long as the user keeps their private key safe, their Red Pill can not be tampered with.

Token Distribution

The target plan for initial distribution of Red Pill coins begins with Early Coin Bid (ICO) of 100 Million Coins. The total supply of Red Pill coins is 200 Million which means that ICO will reach 50% of the total supply. In the following years, 10 million coins will be available until the total currency amount is reached. The minimum bid price for a coin auction will be determined by the current Red Pill coin market value at the time of sale. Red Pill coins will be registered based on Ethereum after release, with an ETH equivalent of 5,361 Red Pill.

Softcap - 1250 ETH $500,000 USD

Hardcap - 15000 ETH $6,000,000 USD

Tokens For Sale - 50,000,000 RPIL

Token Supply - 100,008,760 (Pre-Mined)

Token Standard - ERC20

Token Type - POW (Proof of Work)

Coin Name - Red Pill Coin

Symbol - RPIL

Decimal Places - 8

Address - 0x9e386da8cdfcf8b9e7490e3f2a4589c570cb2b2f

Unsold ICO coins will be burned

Token Allocation