Reddit, or what it calls itself “Internet Interface”, is one of the huge social platforms visited and interacted with by millions of users.

Recently, some news reports have appeared indicating that the platform is planning to move to the Ethereum blockchain in an experimental way with the aim of improving the reward points system.

The beta program will create a new wallet as part of the Reddit app and store users’ “community points” in the form of ERC-20 tokens, According An informative video posted by the director of Unstoppable Domains, a startup that creates blockchain-based domains.

A Reddit spokesperson confirmed the existence of the program to sourcestating the following:

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We’re constantly experimenting with ways to support communities on Reddit, in this case, working with one community to test a feature that represents user participation in the community.

We value and seek community feedback as we continue to explore features that engage our users and communities.

Users will earn community points when their posts or comments are voted on. Points will be publicly displayed. Users can then spend their points to purchase special memberships that unlock exclusive features on Reddit such as badges, animated emojis and GIFS, according to the media video. Points consumed to increase the value of the property of other community members.

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Since the points will be decentralized and stored on the Ethereum blockchain, Reddit moderators will not have any ability to interact with or change the user’s balance.

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