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Reddit CEOs are geniuses when it comes to innovation with Crypto.

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by COINS NEWS 69 Views

Reddit has introduced a community points program that allows subreddits to have their own cryptocurrency. Although there is a wait-list, it has the potential to create a self-engaging system where subreddit's can inter-trade their points with each other.

This concept is not new and was previously seen in online text-based games in the mid-2000s, where cross-game trading was possible, albeit tedious and violating TOS standards.

In this system, a person wanting moons can rid his xCoins from r/Xgame to someone who needs the xCoins but has some moons.

Another one is NFTs.

There may be a shit ton of shit NFTs out there, but they aren't going away. People want them either out of obsession or regular enjoyment. This increases the demand for crypto from subreddits, making inter-trading between subreddits and NFTs beneficial for Reddit. Reddit is the first major social network to embrace this concept, and it is making our sub more popular.

With a growing user base, the price of moons is likely to increase in the future. Think 6M now, we will have 10M in the not so distant future. 25M in a few more years.

submitted by /u/JuicySpark
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