Short description
RED is a utiliy token, which can be used within the Red community as an acknowledgment for services rendered, a way of saying "Thanks!", to forge bonds and strengthen the organization.
Abstract
Blockchain technologies will dramatically alter the landscape of many industries and the way human activities are managed, using a fair and trustworthy decentralized model. Smart contracts 1 are at the center of this revolution, yet contract development tools are crude, hindering the adoption and reliability of this new technology. The innovative Red programming stack2 offers a better solution , which will greatly simplify smart contract development and improve their security. A new token, named Red Community Token (RED), has been created to fuel the growth of the Red open source programming stack and its community. The Red toolchain will be extended to ease the development of more secure smart contracts and Decentralized Applications 3 (Dapps) superseding current, inadequate tools and their complex architectures.