Skip Navigation
SNOOcalypse - document, discuss, and promote the downfall of Reddit. @lemmy.ml ZeroCool @feddit.ch

Reddit is killing blockchain-based Community Points

techcrunch.com Reddit is killing blockchain-based Community Points | TechCrunch

Citing scaling issues, Reddit is shutting down its blockchain-based Community Points in favor of prioritizing other rewards programs.

Reddit is killing blockchain-based Community Points | TechCrunch

Reddit is sunsetting its blockchain-based Community Points product, the company announced on Tuesday. A Reddit admin (employee) shared the announcement about Community Points, which uses the Ethereum blockchain, on a few subreddits, including r/CryptoCurrency (which had its own “moons” crypto token), r/FortniteBR (which had its own “bricks” token), and r/EthTrader (which had its own “donuts” token).

The value of those tokens has, predictably, fallen off of a cliff, as CoinDesk reports drops of between 60 and 90 percent.

17

You're viewing a single thread.

17 comments
17 comments