Reddit Shutting Down Ethereum-Based Community Points Program Due to Scaling and Regulatory Issues
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Reddit plans to end its Ethereum-based Community Points program next month due to scaling and regulatory challenges.
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The program rewarded users with ERC-20 tokens for contributions like creating content and moderating.
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Reddit says the program took too many resources to maintain and justify.
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Regulatory concerns also contributed to the decision to discontinue Community Points.
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Reddit will focus on other community rewards programs that are easier to understand and scale.