COMMUNITY POINTS
Community Points
Reddit to Discontinue Blockchain-Based Community Points Program
Reddit is discontinuing its blockchain-based Community Points program due to scalability issues, moving towards more scalable rewards programs. Despite initial promise, high transaction fees and bandwidth limitations on Ethereum led to a transition to Arbitrum Nova in 2022. However, scaling challenges persisted, prompting the phase-out by early November 2021. The termination caused a significant drop in associated token values. Reddit now focuses on other community incentive programs like the Moderator Rewards Program and the Contributor Program.
Community Points
Reddit Invites Developers to Submit Ethereum Scaling Proposals for its Token Project
Popular social news aggregator, web content rating and discussion site Reddit invites developers to develop is Ethereum based Community Points