Reddit Ends Blockchain-Based Community Points Program Due to Scaling and Regulatory Challenges
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Reddit is ending its Community Points program, which rewarded users with blockchain-based tokens, due to challenges with scaling and regulation.
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Community Points were meant to let users "own" a piece of their community and display their reputation across Reddit.
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Scaling the program to all Reddit users proved too expensive and difficult, even after moving from Ethereum to Arbitrum Nova.
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Reddit has prioritized other rewards programs like the Contributor Program which pays users actual money converted from Reddit gold and karma.
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Reddit says Community Points' goals can be achieved through existing products like subreddit karma and gifs available to all communities.