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Reddit to Discontinue Blockchain-Based Community Points Program

Reddit to Discontinue Blockchain-Based Community Points Program

Reddit is discontinuing its blockchain-based Community Points program due to scalability issues, moving towards more scalable rewards programs. Despite initial promise, high transaction fees and bandwidth limitations on Ethereum led to a transition to Arbitrum Nova in 2022. However, scaling challenges persisted, prompting the phase-out by early November 2021. The termination caused a significant drop in associated token values. Reddit now focuses on other community incentive programs like the Moderator Rewards Program and the Contributor Program.

Reddit Invites Developers to Submit Ethereum Scaling Proposals for its Token Project

Reddit Invites Developers to Submit Ethereum Scaling Proposals for its Token Project

Popular social news aggregator, web content rating and discussion site Reddit invites developers to develop is Ethereum based Community Points

Reddit Ethereum-Based Rewards Rolled Out on r/Cryptocurrency and r/FortniteBR Subreddits

Reddit Ethereum-Based Rewards Rolled Out on r/Cryptocurrency and r/FortniteBR Subreddits

Reddit, the popular content aggregating website has created the community points to incentivize users to create high-quality posts and comments.

Chinese Province Eyes Blockchain-Powered Points Reward System to Boost Tourism

Chinese Province Eyes Blockchain-Powered Points Reward System to Boost Tourism

Hainan, a southern island province of China, is developing a blockchain-enabled points reward program aimed at promoting tourism in the region.

Crypto Alert: Revolutionary DGT Token Community Presale

Crypto Alert: Revolutionary DGT Token Community Presale

Tallinn, Estonia, 8 January 2021 DGBLabs OÜ, announces it Community Presale of the DataGrid Token (DGT) for 22nd- 26th January offering a 5% bonus, which is reduced 1% a each day during the sale, on a minimum of one quarter ETH at the price of $.005. Higher Bonus levels available for purchases over 80 ETH. Participants will be required to complete WhiteListing on Blockpass prior to the sale date.

Uniswap Reaches $3 Billion in TVL, Anticipates Community Call to Deliberate Liquidity Mining Rewards

Uniswap Reaches $3 Billion in TVL, Anticipates Community Call to Deliberate Liquidity Mining Rewards

The Uniswap community has set a community meeting to discuss the network’s liquidity mining rewards program, as it is about to end in a week.

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

The Australian National Blockchain Roadmap Steering Committee is seeking expressions of interest from its domestic blockchain community to create working groups on supply chain and credentialing.

BITWORK alliance with BINARYSTAR, ultimately creating a greater knowledge hub and Blockchain Community between Hong Kong & Japan

BITWORK alliance with BINARYSTAR, ultimately creating a greater knowledge hub and Blockchain Community between Hong Kong & Japan

BITWORK, the Blockchain community pioneer headquartered in Hong Kong is proud to announce their new strategic partnership with BINARYSTAR, is a renowned company operating Blockchain businesses and community in Japan.

Thailand Blockchain Community Partners with IBM to Expand $300M Electronic Letter of Guarantee Platform

Thailand Blockchain Community Partners with IBM to Expand $300M Electronic Letter of Guarantee Platform

Thailand Blockchain Community Initiative (BCI) has joined hands with IBM to extend the scope and reach of the blockchain-powered electronic letter of guarantee.

DeFi and Crypto Community Explode as Robinhood Halts GameStop (GME) Trades

DeFi and Crypto Community Explode as Robinhood Halts GameStop (GME) Trades

Robinhood’s decision to stop the purchases of GameStop (GME) shares, along with AMC and Blackberry (BBE), has spurred outrage from the cryptocurrency community.

Tether Tokens (USDt) Community and Utility Pushes Market Cap Over $20 Billion

Tether Tokens (USDt) Community and Utility Pushes Market Cap Over $20 Billion

Tether.to, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, has surpassed US$20 billion, driven purely by community and utility.

Is Bitcoin still a Safe Haven? The Crypto Community Debates on Twitter Following Global Stock Market Crash

Is Bitcoin still a Safe Haven? The Crypto Community Debates on Twitter Following Global Stock Market Crash

Is Bitcoin still a safe haven? The Crypto Community takes the debate to Twitter after the biggest stock market crash since 2009.

Bitcoin Community Helps in Setting Up Italian Red Cross Medical Center to Fight Coronavirus

Bitcoin Community Helps in Setting Up Italian Red Cross Medical Center to Fight Coronavirus

The Bitcoin community has funded a noble cause of establishing the second level Advanced Medical Post (AMP) belonging to the Italian Red Cross as it will be instrumental in saving lives in Italy amid the coronavirus (COVID-19) pandemic. The epidemic has hit Italy hard as it has recorded more than 132,000 cases and at least 16,000 deaths.

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