Popular social media network Reddit is rolling out a waitlist for users and moderators to participate in its expanding Ethereum-based Community Points program.
According to its website, the program would allow members of eligible subreddits to earn reputation points and own a piece of their favorite community via customized crypto tokens built on the Ethereum blockchain.
“Community Points are the first step towards a different future for online communities.
These tokens live on the blockchain, which means they are truly owned by the community.
Over time, your community will benefit from even greater control and independence on – and off of Reddit.”
Reddit users can earn points by participating in discussions, winning community contests, and posting quality content.
Redditors can use the points they’ve earned to partake in a subreddit’s decision-making process, pay tips to content creators, and unlock special membership features.
According to Reddit, this is a way for users to accumulate value for the time and effort put into subreddits.
“Earn something valuable for all the hours you put into your community.
Community Points are a way for Redditors to own a piece of their favorite communities.
Moderators and content creators earn points by contributing to the community, and they can spend their points on special features, display their points as reputation in the community, and vote with their points to weigh in on community decisions.”Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Stock_VectorSale/Natalia Siiatovskaia