The popular social media platform Reddit announces plans to phase out and discontinue blockchain-based community point reward tokens (MOON and BRICK) by November. On October 17, an announcement was made by a Reddit team member in the r/CryptoCurrency subreddit stating that while they saw some future opportunities for Community Points, there was no path to…
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Reddit announced on October 17 that it would discontinue its blockchain-based “Community Points” rewards service on November 8, citing challenges related to scalability. The decision came as a surprise to the Reddit community and led to a swift decline in the value of the associated tokens. With the recent news of Reddit’s decision to discontinue…
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Reddit will shutter its Community Points feature by Nov. 8, citing scalability issues. Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some future opportunities for Community Points,…
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