Reddit has not yet provided
Reddit has not yet provided a timeline for the project. The social media platform is also working on building an NFT marketplace.
Reddit has not yet provided
Reddit has not yet provided a timeline for the project. The social media platform is also working on building an NFT marketplace.
Related: Reddit to reportedly tokenize
Related: Reddit to reportedly tokenize karma points and onboard 500M new users Reddit held a “Scaling Bake-Off” competition to choose an Ethereum scaling solution for the program in Aug. 2020. Arbitrum was selected as the top pick the following July 2021.
Related: Reddit to reportedly tokenize
Related: Reddit to reportedly tokenize karma points and onboard 500M new users Reddit held a “Scaling Bake-Off” competition to choose an Ethereum scaling solution for the program in Aug. 2020. Arbitrum was selected as the top pick the following July 2021.
Tokens will be stored on-chain
Tokens will be stored on-chain in their personal “Vault,” where they can view, send and use their community points within the Reddit app. Because the points are on the blockchain, users can take their “reputation” and embed it anywhere on the internet.
Tokens will be stored on-chain
Tokens will be stored on-chain in their personal “Vault,” where they can view, send and use their community points within the Reddit app. Because the points are on the blockchain, users can take their “reputation” and embed it anywhere on the internet.
The program will also introduce a
The program will also introduce a “weighted polls” feature, which will give a larger voice to users who have more Community Points, and therefore are active contributors in the subreddit. The new website explains: “Community Points are a measure of reputation in your community. In the subreddit, they are displayed next to usernames, so the biggest contributors stand out from the crowd.”
The program will also introduce a
The program will also introduce a “weighted polls” feature, which will give a larger voice to users who have more Community Points, and therefore are active contributors in the subreddit. The new website explains: “Community Points are a measure of reputation in your community. In the subreddit, they are displayed next to usernames, so the biggest contributors stand out from the crowd.”
Once the reward system moves
Once the reward system moves to the mainnet, the tokens are likely to be able to be swapped, held or traded on crypto trading platforms like any other ERC-20 token. Both users and mods are able to sign up for the waitlist and request the Community Points feature to be added to their subreddit once the beta program goes live. Each subreddit that participates in the program will be able to create “Special Memberships,” which users can purchase with their points. These memberships unlock feature...
Once the reward system moves
Once the reward system moves to the mainnet, the tokens are likely to be able to be swapped, held or traded on crypto trading platforms like any other ERC-20 token. Both users and mods are able to sign up for the waitlist and request the Community Points feature to be added to their subreddit once the beta program goes live. Each subreddit that participates in the program will be able to create “Special Memberships,” which users can purchase with their points. These memberships unlock feature...
