News with the tag "reddit community points"

Reddit announced on October 17 that it would discontinue its blockchain-based "Community Points" rewards service on November 8, citing challenges related to scalability. The decision came as a surprise to the Reddit community and led to a swift decline in the value of the associated tokens. With the...

The popular social media platform Reddit announces plans to phase out and discontinue blockchain-based community point reward tokens (MOON and BRICK) by November. On October 17, an announcement was made by a Reddit team member in the r/CryptoCurrency subreddit stating that while they saw some future...

Reddit will shutter its Community Points feature by Nov. 8, citing scalability issues.