On November 7th in the midst of the mass market rebound that Reddcoin missed on with around -11% of losses in the course of the last week, StakeBox announced the partnership with the social currency.
The purpose of the partnership is to allow Reddcoin staking in order to enable returns.
Reddcoin and StakeBox Partnership Becomes Official
StakeBox announced in one of their official Twitter posts published on November 7th that their partnership with Reddcoin is officially concluded.
The purpose of the partnership is to bring RDD to StakeBox product that should enable staking of Reddcoin in order to get returns.
In the official post published by StakeBox, the service is presenting their new product named Reddcoin Stake Box.
Reddcoin Stake Box allows all RDD users who buy the product to stake their RDD coins in order to have their investment return.
The product works in a way that enables RDD users to secure the network and contribute to its proficiency by staking Reddcoin units.
In return, all stakers are getting returns in form of RDD units, which are considered to be rewarded for securing the network.
Reddcoin Stake Box Already Out as a Product for Staking and Earning Rewards
The product is designed to allow crypto enthusiasts to earn some profit without the need of buying expensive equipment for mining of cryptocurrencies.
Reddcoin Stake Box requires the setting up of the device before starting to earn some RDD for your staking services, but it has all the tools needed to get things going in a smooth way.
StakeBox is also providing this type of service and products for other cryptocurrencies, supporting QTUM, Neblio, Denarius, as well as more of their crypto peers.
StakeBox partnership can be an additional boost for this social currency already available to 4.8 billion people using social media like Instagram, Twitter, and Facebook, allowing people to send and receive recognition through RDD-powered tips.