Major Announcements
6 Million Block Guessing Competition – LIVE
Status: Announced & Active
The much-anticipated 6 million block guessing competition has been officially launched.
Key Details:
- Register on Telegram with @Reddcoin_CompBot /start
- Join the main Reddcoin Telegram channel and register your guess
- Competition is active until approximately 24 hours before
- Winner takes all – 6 Million Reddcoin (ties will split prize)
Competition Bot Development
Status: In Progress – Live Beta
Current Goals:
- Automated competition tracking
- Real-time leaderboard updates
- Fair play monitoring
- Community engagement features
- Multi-channel / groups support
Progress:
- Active beta testing
- Live testing phase
- Launched in main Reddcoin Telegram channel – July 12, 2025
Exchange Developments
XeggeX Exchange Shutdown
XeggeX Official Statement:
“Due to the hack in February and other recent issues XeggeX is shutting down and filing for insolvency. More information and legal contacts will be provided soon.”
Key Points:
- Shutdown timeline: Immediate
- User asset protection: None provided
- Alternative solutions: None provided
Reddcoin Official Statement:
“It is unfortunate that yet another exchange has shut its doors. This highlights the importance of minimising your risks, especially with smaller centralised exchanges. If you don’t hold your private keys, then you don’t hold your funds.”
New Exchange Pipeline
Status: 2 Exchanges in Active Negotiations
We have two exchanges in active negotiations. While it is early for name announcements, progress is being made.
Good News:
- One provides a fiat on-ramp with strong trade volume
- The other is smaller scale but provides additional user options
ReddID Development Update
Status: Making a Comeback
ReddID development is making a strong comeback with extensive documentation and a clearer implementation roadmap.
Documentation & Resources
- Comprehensive documentation now available
- Getting Started Guide: https://github.com/reddcoin-project/reddcoin/wiki/Getting-Started-Reddid
- Full technical specifications and implementation guides
Phase 1: Core Wallet Integration
- Opt-in interface: Users choose new ReddID interface or traditional wallet
- Market-driven architecture: Auction-based concepts for fair ID allocation
- Seamless integration: Native core wallet experience
- User choice: No forced migration
Phase 2: Ecosystem Expansion
Planned integrations:
- Electrum Wallet (lightweight support)
- Bluesky (decentralized social integration)
- Mastodon (fediverse connectivity)
- Additional ecosystem services
Technical Approach
- Market-driven allocation system
- Auction-based distribution mechanisms
- Modular design for integration
- Backward compatibility maintained
Community Impact
- Enhanced digital identity management
- Cross-platform interoperability
- Increased utility and use cases
- Strengthened ecosystem connectivity
Communication Streamlining
Initiative: Focus on High-Impact Channels
Changes Being Implemented:
- Prioritizing the most active community channels
- Reducing noise across platforms
- Consolidating key announcements
- Improving response times on primary channels
Follow Us:
- X (Twitter): https://x.com/reddcoin
- Reddit: https://www.reddit.com/r/reddCoin/
- Telegram: https://t.me/ReddcoinOfficial
- GitHub: https://github.com/reddcoin-project/reddcoin
- Bluesky: https://bsky.app/profile/reddcoin.bsky.social
Team Status
Engagement Level: Fully Committed
The entire team remains fully engaged and dedicated to project success.
Active Areas:
- Development team: Active on all fronts
- Community management: Responsive and engaged
- Partnership team: Pursuing new opportunities
- Leadership: Providing strategic direction
Current Focus:
- Competition platform optimization
- Exchange relationship management
- ReddID development acceleration
- Community growth initiatives
Looking Ahead
Next 30 Days
- Competition bot finalization
- Exchange partnership announcements
- ReddID development milestones
- Enhanced community engagement
Community Message
The team is more committed than ever to delivering value to our community. With the 6 million competition live, exchange partnerships in progress, ReddID development advancing, and a fully engaged team, we are positioned for continued growth and innovation.
