RNDcoin.kr Joins Forces with Steemit for Crypto Educational Outreach
RNDcoin.kr, a cryptocurrency platform offering a wealth of information including news and educational resources, has partnered with Steemit, a social network built on the Steem blockchain, to enhance your crypto knowledge and elevate your crypto game.
If you find the crypto world perplexing, RNDcoin.kr claims to provide a variety of educational resources to help demystify its complexities.
From beginner guides to advanced tutorials, the platform ensures that users of all levels can find valuable information.
For those looking to deepen their understanding, RNDcoin.kr offers advanced tutorials designed to navigate the more intricate aspects of cryptocurrency and blockchain technology.
The platform regularly publishes featured articles that explore various facets of the crypto world.
Written by experts, these articles cover the latest trends and provide in-depth analyses, ensuring that users stay informed and engaged.
Understanding the RNDcoin Blockchain: A Comprehensive Guide -https://t.co/Md4lE8Gwoy pic.twitter.com/DSLvs1zFG4
— Blockchain Magazine (@blockchainews) July 19, 2024
The platform seems to focus on enhancing users' knowledge and skills in cryptocurrency, possibly through collaborations with other platforms like Steemit.
However, specific details about RNDcoin.kr's offerings and operations are not widely available, so it may be a newer or niche platform in the crypto space.
According to Tracxn, a platform for private market investors and corporate firms to track entities through feeds categorised across industries, sectors, sub-sectors, geographies, affiliations, and other networks, RNDcoin.kr offers a mobile wallet for their Proof-of-Stake (PoS) Velocity cryptocurrency, Reddcoin.
But there is no public information suggesting that RNDcoin.kr offers a mobile wallet for Reddcoin or any other cryptocurrency.
How is RNDcoin.kr Connected to Steemit & its Forceful Takeover
How does RNDcoin.kr and Steemit fit into the broader landscape of blockchain-based social media platforms?
RNDcoin.kr, founded in 2019 in Incheon, South Korea, is linked to Steemit through a strategic collaboration aimed at enhancing users' cryptocurrency knowledge and skills.
Steemit is a social network built on the Steem blockchain that allows users to earn cryptocurrency rewards for their content.
With its unique rewards system and decentralized nature, Steemit offers an innovative way for users to engage with each other and be rewarded for their contributions.
Through this collaboration, RNDcoin.kr likely leverages Steemit's platform to distribute educational resources, news, and other content, helping users better understand and engage with the complexities of the crypto world.
This partnership appears to be focused on making cryptocurrency more accessible by combining RNDcoin.kr's comprehensive services with Steemit's social network capabilities.
Justin Sun is connected to Steemit through his involvement with the acquisition of the Steemit platform.
We'd like to work with you @justinsuntron. Freezing any accounts is just not right. May be there's miscommunicated & misinterpreted intention, we are where we are today, but the only way to move forward is through conversations. https://t.co/pA99RUVfb4
— steemit (@steemit) March 7, 2020
In early 2020, Justin Sun, the founder of Tron (TRX) and a prominent figure in the cryptocurrency space, led a successful acquisition of Steemit.
This move was made through the TRON Foundation, which Sun is associated with.
The acquisition was part of Sun's broader strategy to integrate various blockchain projects and expand the influence of TRON within the decentralised ecosystem.
After acquiring Steemit, Sun aimed to leverage Steemit's social media platform, which operates on the Steem blockchain, to enhance its functionality and integration with TRON's ecosystem.
Sun's takeover of Steemit sparked significant controversy and backlash.
(1/4)First of all, both Steemit Inc. and I are not involved in this hard fork. However, I do have sympathy for current Steem witnesses and can see where they are coming from. The Hive witnesses took their assets away from them by force, causing huge losses to them.
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) May 20, 2020
Here are some of the key issues:
Community Reaction: The Steemit community expressed strong dissatisfaction with Sun's acquisition. Many Steemit users and content creators felt that the takeover was executed without adequate consultation or transparency, which led to concerns about the platform's future direction and governance.
Fork and Controversy: In response to the acquisition, a faction of the Steemit community, along with former Steemit CTO Ned Scott, initiated a hard fork of the Steem blockchain, creating a new platform called Hive. This fork was driven by disagreements over the centralisation of power and governance changes post-acquisition. The Hive blockchain is intended to be a more community-driven alternative to the post-acquisition Steemit.
.#Hive was created in 2020 as a Steem fork. This fork came about as a result of disagreements in the Steem community, especially related to Justin Sun's acquisition of Steemit Inc. (the company behind Steem) and the subsequent perceived centralization of the network.#Web3 pic.twitter.com/l3oB3lBSyi
— Hive Creators (@hive_creators) December 7, 2023
Governance and Centralisation: The takeover raised questions about centralisation and governance. Critics argued that the acquisition concentrated control within a single entity, potentially undermining the decentralised ethos of the Steem blockchain.
Legal Disputes: The acquisition was accompanied by legal disputes between Sun and the previous Steemit management. These disputes included conflicts over the transfer of ownership and intellectual property.
Is RNDcoin.kr Tied to RNDCoin?
RNDcoin.kr is not related to the RNDcoin blockchain.
RNDcoin.kr is a cryptocurrency platform focused on providing news and educational resources about digital currencies, whereas the RNDcoin blockchain, is a digital currency that operates on a decentralised network that allows users to make transactions without needing a middleman, like a bank.
Both serves different purposes and operates independently.
While both share the "RNDcoin" name, they are separate entities with different objectives and functionalities in the cryptocurrency space.
Why is RNDcoin.kr Not on Everyone's Mind?
RNDcoin.kr is not widely known in the cryptocurrency community compared to major platforms and projects.
Several factors potentially contribute to its lower profile:
Marketing Efforts: Limited marketing and outreach efforts can affect a platform's ability to gain widespread recognition and attract a larger user base.
Competition: The cryptocurrency space is highly competitive, with many established and well-funded projects overshadowing newer or less-prominent platforms.
Community Engagement: A lack of active community engagement and promotion can contribute to a lower public profile. With everyone jumping on social media platforms like Discord, Telegram, X, and the likes, RNDcoin.kr's lack of presence puts it out of everyone's mind.
Development and Updates: If the platform has not regularly updated its offerings or engaged in significant developments, it may not have garnered much attention.
Moreover, according to Tracxn, RndCoin.kr ranks 55th among 55 competitors, putting it at dead last.
Despite RNDcoin.kr's assertion of providing a comprehensive array of educational resources, its online presence is notably weaker compared to other, more prominent cryptocurrency platforms.
Founded in 2019, the website has failed to make a significant impact, largely due to its unremarkable design and lackluster content.
Without a substantial overhaul of its marketing strategy and website, RNDcoin.kr remains a minor player in the vast ocean of cryptocurrency platforms.
