Reddit introduces Community Points beta

Fri 10 Dec 2021 ▪ 12h42 ▪ 2 min read — by Susan McCormack

Reddit has presented the beta version of Community Points, the program to let users own a part of the community they are interested in.

Exclusive perks for subreddits

Reddit has presented the beta version of the Community Points program to its users, Cryptopolitan reports.

This week Reddit launched a new website with integrated Community Points system which uses the Level 2 (L2) Arbitrum protocol.

Community Points offers subreddits the opportunity to “have a pie” of the communities they are interested in and purchase “unique coins”.

Reddit assures that users will benefit from the time they invest into developing their communities:

“Each subreddit makes its society awards token with a unique identity and symbol… Social Awards will play the guiding pillar of a brighter life for virtual networks. Because these assets are on the ledger and are 100% community-owned.”

By integrating the new program, Reddit creates the basis for a system where users “own” their reputation. “You can see them (metrics of character) next to profiles in the subreddit, so the major players shine out amongst the pack,” the platform representative said.

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Susan McCormack

How many crypto nerds does it take to fork an altcoin? I may be a failed comedian, but crypto is no joke! I want to share my knowledge and help others to see the bright future ahead. #buybitcoin

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