The new system to replace Reddit coins and awards is here. You got out at the right time.
The new system to replace Reddit coins and awards is here. You got out at the right time.
Community Points allow members of Reddit communities to own a piece of their community, earn rewards for quality contributions, and unlock special features.
Read all about it at the above link. There's way too much to process here. This is going to be wild.
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So, they’re saying they’re going to pay people to post and mod, but in a cryptocurrency whose value isn’t listed here? I’ll bet someone’s already coding a whole bot forum to get all the community points.
Points are not an investment opportunity, and any exchanging, listing, selling, or trading of Points is against Reddit's Previews Terms of Use
That's what they call breaking out of the walled garden. You can't sell the things so they have no value.
They didn't list the value because actually saying the value is a flat Zero is really embarrassing.
Community points isn't supposed to be valuable. This is about making people start a vault/wallet and engage in crypto in a way that is fun and non threatening. They already tried it with the avatars but I doubt it got a whole lot of traction. At some point the real crypto currency will appear and suddenly reddit will have a platform with a couple of millions users that already has a wallet set up and ready. That will make reddit one of the biggest crypto platforms on the internet.
This is also what the API thing was about. Third party apps didnt/couldn't include the vault on their apps so a lot of user didn't even know the vault existed until now.