Reddit tests its own cryptocurrency to reward users for increasing engagement

Reddit tests its own cryptocurrency to reward users for increasing engagement


After Facebook and Telegram, Reddit is the next major social media platform to venture into the cryptocurrency world. The self-proclaimed "homepage of the Internet" tests a cryptocurrency that rewards users for activities such as sharing an original post and posting comments. This step aims to encourage the creation and engagement of content.

Named Community Points Reddit's cryptocurrency runs on the Ethereum network and can be used to purchase exclusive badges, content, and subscriptions on Reddit, and even beyond when it starts. It is currently being tested by members of r / CryptoCurrency and r / FortNiteBR, reports Bloomberg .

In particular, each subreddit in which the cryptocurrency is tested has its own version of the community points. For example, those you get in the subreddit r / CryptoCurrency are called moons. Members' contribution is based on the & # 39; Karma & # 39; that they receive from the community, and accordingly they receive community points in their vault .

Source: Reddit (r / CryptoCurrency) [19659005] (function (d, s, id) {
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js.src = "http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.5&appId=233401800329539";
fjs.parentNode.insertBefore (js, fjs);
} (Document, & # 39; script & # 39 ;, & # 39; Facebook-Jssdk & # 39;));



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