*Project Name* Red Light Coin

Ticker* $REDLC

*Project Mission* To provide a bridge between the real world and web3 through blockchain technology.?

How will we achieve this? The gasless blockchain we have developed allows us to provide use case for the traditional cryptocurrency investor with the integration of smart contracts. On top of this, with there being no gas fee on transactions, we believe this will allow the traditional businesses that require large databases of private information (e.g hospitals, financial institutions) to securely transition into web3.?

*Problem Solution*.?

Most Blockchains try to boast a perfect solution to the Blockchain Trilemma, however, they?

usually have flaws in at least one of these (if not all 3) sectors. Our aim with $REDLC is to?

minimize these flaws through the utilization of a gasless Blockchain, effectively prioritizing?

Scalability naturally so that we can focus on Decentralization and Security

Part 1: Scalability?

Scalability is a vital part in any organization, business, or idea. It refers to how much the said?entity can grow while maintaining core functionality, utility and solution. For a?

Blockchain, scalability refers to the Blockchain maintaining its transaction/block speeds &?

output, whilst growing and expanding in users/industries.?

How does $REDLC do this??

Being gasless in nature (fully gasless, not 0.000001, not staking a coin to get another token?

in return to use for gas, but truly gasless as in 0), $REDLC allows the Blockchain to be?

integrated into industries that rely on the passing or use of information from one point to?

another (transactions).?

As you may be aware, this refers to just about every industry in the world.?

The problem with traditional Blockchains is the fact that real world industries/companies?

do not want to have to pay gas or have their consumers pay gas just to perform these?

transactions. No matter how minute the transaction may be individually, the cost of these?

transactions on an industry/company-wide scale can add up. The education and explanation of gas fees can also serve as an added barrier of entry when explaining?

Blockchain Technology to companies and consumers alike.?

Both retail investors and industries do not want this undertaking.Therefore, by being a?

gasless Blockchain, this allows us to target industries that may otherwise never have given?

Blockchain Integration a second thought.?

Part 2: Decentralization:?

In a typical organization or entity, things or processes tend to be controlled by a single?

central entity. Decentralization in a Blockchain takes that controlling power and spreads it?

out to multiple people all over the world. For $REDLC, this is done through validators?

(nodes) governing the information on the Blockchain instead of it being controlled by a?

centralized entity. Most EVM-1 compatible Blockchains operate like this through a variety?

of different methods such as; Proof of Work (POW), Proof of Stake (POS), and Proof of?

Authority (POA). $REDLC falls under the latter, POA, which is an upgraded form of?

POS. Instead of the need to stake with monetary value, the “identity” of a validator replaces?

this and performs the role of a stake?

Part 3: Security?

Blockchains as a technology through cryptography[5] are extremely secure, but nothing is?

impervious.?

Adaptability, upgradeability and flexibility are important factors for any technology to?

maintain its utmost security. $REDLC applies these three factors by maintaining a?

dedicated security team to monitor network & server activity.?

However, most Blockchain security issues are not necessarily hacks, but more so social?

engineering and exploitation. As mentioned before, nothing is impervious, however, risks?

can be mitigated. Proof of Authority allows us to utilize its decentralized nature to not rely

on a single entity, but rather spread the burden of “risk” between all of the validators. This?

makes it extremely difficult to affect the network via a targeted attack. For example, a?

malicious validator can be kicked off the network by other validators through the?

decentralized voting process in Proof of Authority.

*Website* www.redlight.finance

*Backers*

Nitro

Sphere

Crowdbotics

*Blockchain/Network* Red light chain network

*Community*

Twitter 28k followers

*Audit* Audited by Coinscope.

*Use Case*

Use as governance token

Use in NFT Marketplace

Use in interaction with other projects on the Redlight Blockchain such as Scarlet Chains. e.t.c.

*Tokenomics*

*TS* 210M

*MS* 210M

*CS* N/A

*CP* $3.50

*ATH* 6.947

*ATL* 2.795

*Mcap* N/A

*Team*

Leo

CHIEF EXECUTIVE OFFICER (CEO)

Alex

CHIEF TECHNOLOGY OFFICER

(CTO)

Bailey

CHIEF MARKETING OFFICER

Rory

CHIEF OPERATING OFFICER

Joe

CHIEF FINANCE OFFICER

*EXCHANGES*

Coinstore

XT

*Conclusion/Findings*

In conclusion, Red light project is a good project. Is one of the few gasless Blockchain technology that is solving the trilemma of blockchain technology which are scalability, security and decentralization.

They have burning mechanism to reduce the 210M of the maximum supply to 21M through burning all the optional gas fee till the total supply gets to 21M then they will stop burning and they will be paying the validators the optional gas fee as incentive.

Though their transaction speed is not that much but you can pass gas fee to increase it. The project is good to go if they achieve their mission