- Reddit launched a Ethereum-based reward system dubbed “Community Points”.
- Community Points launched via two initial subreddits, r/cryptocurrency ($MOON) and r/FortniteBR ($BRICK).
Reddit is one of the largest, if not the largest online community with over 1.5 billion visits last month alone. As reported by The Crypto Associate, Reddit launched its Ethereum-based reward system, named Community Points. The system launched via two subreddits, r/cryptocurrency ($MOON) and r/FortniteBR ($BRICK).
Reddit has now announced a partnership with the Ethereum foundation and is looking for developers to help eventually scale its reward system to all of Reddit’s 430 million monthly users.
In conjunction with the Ethereum Foundation, Reddit is inviting Ethereum scaling projects to show the community how your scaling solution can be used to bring Community Points to mainnet. Our goal is to find a solution that will support hundreds of thousands of Community Points users on mainnet today, and can eventually scale to all of Reddit (430 million monthly users).Reddit
Developers have until July 31 to post their scaling solution/demo for 100,000 users. Demos of scaling solutions must include specific details such as the cost to run, architecture, as well as the pros and cons of that scaling solution.
Adoption Continues To Rise
Since its inception just a month ago, Community Points adoption has been continually rising. As reported by The Crypto Associate, the Community Points system surpassed over 10,000 wallets within a week of launch.
This number has grown since, as there are now approximately 17,500 holders with approximately 20,000 transfers.
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