Reddit's blockchain-based "Community Points" tokens crash after sunsetting
Tokens based on subreddit reputation saw dips over 85% after the announcement.
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Tokens based on subreddit reputation saw dips over 85% after the announcement.
Reddit is getting rid of its crypto-powered “Community Points” reward tokens. The tokens were first launched three years ago in an effort to reward Reddit…
Reddit is partnering with FTX, the crypto exchange owned by Sam Bankman-Fried, to allow users to purchase Ethereum on the platform to cover the gas fees associated with using Reddit’s community points.
This is not the first time Reddit, which boasts around 400 million users, has entered the world of NFT and cryptocurrency.
Reddit’s partnership with FTX Pay could be game changing for the user community. The exchange will allow users to buy Ethereum with fiat to pay for ga