Coinlaunch Trust Score
Coinlaunch Trust Score
53 (Medium)
Reddio Price:
$0.00000806 3.13%
🏦 Market Cap $15.32K
💰 FDV $80.61K
📊 Volume $17.03
📈 ATH Price $0.01
💵 ROI 0.00537x 99.46%
💸 ATH ROI 8.08x 708.42%
Top Investor
paradigm logo
Paradigm Venture
WAGMI Ventures logo Gate Labs +2
Docs
Whitepaper
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Reddio (RDO)

Past
Total Raise: $300K
Date: 13 Aug, 23 - 29 May, 25

Reddio is an Ethereum L2 network that aims to enhance the user experience by offering higher chain scalability as well as cheaper and faster transaction fees. It achieves this by implementing parallel transaction processing technology, which hasn’t been supported previously on Ethereum or its L2s. $RDO is the main utility token of the Reddio ecosystem, used for staking, governance, and accessing premium zkEVM features. It also supports user incentives through a points system and token burn model.

Since its inception in 2021, the Reddio crypto project closed only a Seed funding round in August 2024, raising an undisclosed amount of funds. 

❗️ ❗️ ❗ IMPORTANT:

Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 80+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Reddio Overview

Ticker: RDO
Blockchain Network: Ethereum
Country: Singapore
Founded: 2021
Whitelist: No
KYC: No
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit:
No
Token Contracts:
Yes

RDO/USD Price Chart

📈 ATH Price $0.0121 09 Jun, 25
📉 ATL Price $0.00000393 12 Aug
From ATH -99.93%
From ATL +105.09%

Reddio Review

Last updated: 10 Jun

Reddio is a high-performance ZK-powered Ethereum L2 aiming to deliver users even more scalable, cheap, and fast blockchain than other L2s in the market while maintaining the same level of security. 

To achieve this, Reddio implements a few major network modifications that significantly stand it out among other scaling solutions:

  • Parallel transaction processing: A feature already implemented by the “Ethereum killer chains” like Solana or Sui, which allows Reddio to execute transactions parallelly instead of doing this linearly like it’s done on the Ethereum L1. Since the EVM doesn’t support parallel transaction processing, the protocol developed its own smart contract execution environment called the Parallel EVM.
  • GPU acceleration: The Reddio crypto network aims to enhance the scalability of the chain not only by optimizing the way of executing the transactions but also by increasing the physical capabilities of the network. This has been achieved by leveraging Compute Unified Device Architecture (CUDA), a parallel computing and programming platform built by NVIDIA.
  • Modular sequencer: An execution layer of the Reddio L2 network supporting multiple VMs and DAs while offering enhanced security with anti-Maximal Extractable Value (MEV) protection.

Discover a more detailed review of its features in Reddio docs. 

🪙 $RDO serves as the core utility asset of the Reddio ecosystem. It enables users to participate in staking, governance, and access premium features within Reddio’s zkEVM infrastructure. Additionally, RDO plays a role in rewarding user engagement through the platform’s points-based incentive system and burn mechanism. 

Such assumptions can be also confirmed by the currently running points farming campaign, rewarding its community with points for staking the assets on its chain. Hence, our team analyzed the Reddio crypto project and prepared a list of pros and cons so you can make a more informed decision whether to join the Reddio airdrop campaign or not:
✅ Reddio pros: 

  • Great concept and design of the product;
  • Over 2.4M users;
  • High PR, Growth Marketing, and SEO performances;
  • Above the average SMM, and Marketing Infrastructure scores;
  • Decent network of partners and clients;
  • The project is backed by Paradigm - a leading tier 1 fund;
  • One of the core team members has a work record at Bybit - a leading crypto exchange.

❌ Reddio cons:

  • No vesting shedule;
  • No security audits;
  • Over 2.4M users joined its points farming program, which might negatively affect the reward size per participant; 
  • Below the average Influencer Marketing score;
  • No work experience in top-tier companies among other core team members.

Reddio Team

Neil Han
Neil Han
Founder & CEO
Xinran Chen
Xinran Chen
Head of Engineering
Stephanie Yu
Chief Marketing Officer

Reddio Roadmap

Q2 2024
  • Open source sequencer SDK
  • Launch points system
Q3 2024
  • Parallel EVM Layer 2 Testnet
  • Bridging Modules Integrated
Q4 2024
  • Parallel zkEVM Layer 2 Testnet
  • One click to launch your own Appchain on L2/L3
Q2 2025
  • Parallel zkEVM Layer 2 Mainnet
  • Full Functionalities

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