Cryptocurrency Analysis and News Portal
In defiance of Reddit's apparent wishes, crypto traders have devised a way to exchange the social platform’s ‘community points’ tokens for fiat — and it’s resulted in a pretty surprising market cap. In May Reddit announced it would begin distributing ERC-20 rewards tokens on the Rinkeby testnet among users of
Read More[sociallocker id="55298"] Alexis Ohanian, a millionaire tech entreprenuer and co-founder of online social platform Reddit, recently publicized plans for his personal fight against racism. These include his desire to see a member of the black community replace him at his current board position."I've resigned as a member of the reddit
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Reddit’s r/FortNiteBR community has conducted almost five times as many ERC-20 token transfers as the r/CryptoCurrency community with over 1% of Fortnite subscribers holding tokens. After only two weeks of Reddit launching their Ethereum-based Community Points system, over 15,000 users have performed almost 18,000 token transfers with over 80% using FortNite’s
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Reddit co-founder Alexis Ohanian has described the virtual currency ecosystem firmly sitting in “crypto spring,” emphasizing the strength of development surrounding meaningful applications for blockchain technology.In an interview with Yahoo Finance published May 23, Ohanian stated: “We really do see a crypto spring right now in terms of top-tier engineers,
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The popular social blogging platform Reddit has confirmed that its tokenized rewards will migrate onto the Ethereum blockchain later this year.On May 13, Reddit officially revealed its Community Points system, announcing that the feature would be rolled out over two days across “limited communities.”However, the rewards system will operate on
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More details appear to have leaked regarding Reddit’s rumored Ethereum (ETH)-based “Community Points” system. A video posted to the platform purports to show a draft of FAQ copy explaining how the system will work.If authentic, the video appears to confirm that Reddit is preparing to launch a reputational currency
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If you’ve perused the “cryptocurrency” subreddit, you have likely heard the rumors that Ethereum is being used by Reddit — the giant social media forum with dozens of millions of users.This discussion began with a post from “MagoCrypto,” who on Wednesday posted a video showing that on his Reddit app
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In a Reddit post, the cryptocurrency micropayment service TipJar announced that the company would shut down their website after six months. The post also urged the company’s customers to withdraw any funds on their accounts before the website is taken down.TripJar is primarily an Ethereum-based micropayment service that allows Redditors
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