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Is Reddit really launching Ethereum tokens for millions? Community Points explained

Last month, a Reddit user with the moniker “MagoCrypto” revealed in a number of posts that Reddit was seemingly beta testing an Ethereum-based feature called “Community Points,” which would allow users to earn ERC-20 tokens to get special access to certain communities — known as subreddits.

Is Reddit really launching Ethereum tokens for millions? Community Points explained

Photo by Kon Karampelas on Unsplash

Last month, a Reddit user with the moniker “MagoCrypto” revealed in a number of posts that Reddit was seemingly beta testing an Ethereum-based feature called “Community Points,” which would allow users to earn ERC-20 tokens to get special access to certain communities — known as subreddits.

Mago indicated that Reddit also included basic Ethereum wallet functionality into the applications of the testers, of which he was one of them.

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