Reddit launching ERC-20 tokens for over 2 million users across the cryptocurrency and Fortnight subreddits

Reddit, one of the most popular online forums knowns as the “front page of the internet”, will be trialing out a new Community Points system using tokens issued on Ethereum. According to the site:

Community Points are a way for Redditors to own a piece of their favorite communities. As a unit of ownership, Points capture some of the value of their community. They can be spent on premium features and are used as a measure of reputation in the community.

The tokens $MOONS and $BRICKS, which will start on the Rinkeby testnet, will be issued to the /r/Cryptocurrency and /r/FortniteBR subreddits. After a beta period, they will be migrated over to the mainnet

Why it matters

• The Fortnight and cryptocurrency subreddits have over two million users that will be trialing this new points system. If it proves to be successful, this new feature could make its way towards the rest of Reddit’s 400 million users.
• A user post last month outlined much of what this system could look like and the unique features of an ERC-20 token compared to existing Karma points offer new means of interaction within the Reddit community.