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Reddit Launches It Own Cryptocurrency. Read How You Can Earn And Use It On Reddit

By Dominus1 | My News Gh | 14 May 2020

2b3d6c1a1790e285e72825cd8024727b9664e0c77190a539fda91e3db4cc35fa.jpegFinally social media website Reddit has launched it own cryptocurrency built on the Ethereum Blockchain.

Available Cryptocurrencies are Red MOONS and BRICKS.


What Are Community Points?

community points are points given to redditors by their favourite communities.

The points are used to measure the status of a redditor in the community. It can be spent on reddit premium features.

You can tip other subreddits with your red points.


How Do I Earn Reddit Point For My Work?

Redditors earn red points when they contribute meaningful Information blto the community.

Example: You can earn red point when you post quality and useful contents. Also points are given to you when you give good comments on articles.

In all, it is the community that decides how many points can be given or shared to each user.


What Is Red Vault

The Vault is used to view, spend and receive your accumulated red points. The vault can be found inside the Reddit app and the website as well.

Users can also use Ethereum tools to access their vault if the want295cdb281f52cd164b15867383c87a6fd834d0d7ec29a21b4aa9ef968e2b900e.png

How Do I Claim My Points After Earning Them?

For you to claim or redeem your red point, you need to register your reddit vault (external ethereum wallet).

After that, the vault will send your red point contribution score on your behalf to a smart contract on the Ethereum Blockchain which will verify and issue the points back to your vault.

You only have up to six (6) months to claim your red points after the final data is published by the Reddit Team before it expires. After six months, your red points will expire if not claimed.


How Can I Manage My Red Vault?

You can manage all your accumulated red points from subbreddits right inside the vault by claiming your earned points.

What Can I Spend My Red Points On?

Red points can be used to purchase premium contents on the reddit Platform. In the future you can trade or exchange for other tokens.


Here Are some Links To Earn Passive Income


League Of Kingdoms ($30 Giveaway)

Brave Browser ($7.5 per referral download)

Cryptotab Browser (Mine Bitcoins)

Lbry.Tv (the best alternative to YouTube. Earn freely)

Atomic Wallet (15 AWC to download)

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A young Ghanaian with interests in Blogging and Crypto. A Content creator. Am an avid football fan and a 3D Epoxy installer.

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