Popular social media community Reddit is rolling out a waitlist for customers and moderators to take part in its increasing Ethereum-based Community Points program.
According to its website, this system would enable members of eligible subreddits to earn status factors and personal a chunk of their favourite neighborhood by way of personalized crypto tokens constructed on the Ethereum blockchain.
“Community Points are step one in the direction of a distinct future for on-line communities.
These tokens reside on the blockchain, which suggests they’re really owned by the neighborhood.
Over time, your neighborhood will profit from even better management and independence on – and off of Reddit.”
Reddit customers can earn factors by collaborating in discussions, profitable neighborhood contests, and posting high quality content material.
Redditors can use the factors they’ve earned to partake in a subreddit’s decision-making course of, pay tricks to content material creators, and unlock particular membership options.
According to Reddit, it is a approach for customers to build up worth for the effort and time put into subreddits.
“Earn one thing priceless for all of the hours you place into your neighborhood.
Community Points are a approach for Redditors to personal a chunk of their favourite communities.
Moderators and content material creators earn factors by contributing to the neighborhood, and so they can spend their factors on particular options, show their factors as status locally, and vote with their factors to weigh in on neighborhood choices.”
The launching of the waitlist comes after the social information titan introduced earlier this 12 months that it might be partnering up with the Ethereum Foundation to include the highest altcoin into Reddit.
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