Popular social media network Reddit is launching a waitlist for users and moderators. This will help them join in its expanding Ethereum-based Community Points program.
Furthermore, as per information from its website, the program seeks to permit members to earn reputation points. Of course, and also own a piece of their favorite community through crypto tokens on the Ethereum blockchain.
So, Reddit Website notes,
“Community Points are the first step towards a different future for online communities.”
“These tokens live on the blockchain, which means they are truly owned by the community.”
“Over time, your community will benefit from even greater control…”
“and independence on – and off of Reddit.”
More so, Reddit users will earn points through joining discussions, winning community contests, and posting quality content.
Also, they can use the points to join a subreddit’s decision-making process. Whereby, they can pay tips to content creators, and unlock special membership features.
Additionally, as per Reddit, it’s a means for users acquire value for the time and effort put into subreddits.
“Earn something valuable for all the hours you put into your community.”
“Community Points are a way for Redditors to own a piece of their favorite communities.”
“Moderators and content creators earn points by contributing to the community,…”
“and they can spend their points on special features, display their points as reputation in…” “the community, and vote with their points to weigh in on community decisions.”
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