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ERC-20 Tokens Arrive to Reddit - What Is The Future of Tokenized Street Cred?

Written By Ivan on Tech

Jun 04, 2020

Reddit recently started its journey within the crypto field, giving a great push for mass adoption. The social media platform is slowly bringing crypto to its millions of users. Starting with two subreddits, users can now earn “Community Points” by contributing to the community with quality content. The tokens used on the platform are based on the Ethereum blockchain, meaning users have full custody of their own assets. Reddit will have no custody to move tokens on behalf of any user.

Reddit adopts Ethereum for “Community Points”

Earlier this month, social media giant Reddit started experimenting with community tokens on their platform, starting with subreddits r/CryptoCurrency (MOON) and r/FortNiteBR (BRICK). The communities now have their own special tokens, so called “Community Points”, which can be earned by contributing to the community.

The community tokens can be used to access special features such as customized emojis, badges and GIFs,...

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