Reddit Wants to Tokenize Karma Points

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Avatar for Cryptopeach
2 years ago

Hello,

Some great news come from Reddit, they want to tokenize your karma points to an ERC-20, making millions of users dive into crypto.

These type of news may get a lot of attention to our space and make many users start to be aware of the crypto space. If you have a lot of karma points you will be able to monetize your experience on Reddit.

What does this mean for people?

People from third world countries may have the most to gain from this, since their national currency is in the most cases weak, they will be able to earn some passive income from Reddit which is great to improve these people's lifes.

The Cryptocurrency subreddit already does this by paying every month Moons to people who post and receive upvotes. Some people from countries like Venezuela already make more money on this sub than in their daily jobs. The effects of this is tremendous on some people lifes.

Now imagine all reddit being tokenized, the amount you earn might be even more and can make this people free from under paid hard jobs.

This is one of the reasons why crypto is so valuable for everyone, if used like this everyone will benefit and can have oportunities in life.

I'm glad we've reached so far in this space and much more will come certainly.

Best Regards,

Cryptopeach

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Comments

This sounds interesting but just like the moons on subreddit CryptoCurrency it could just become a place for people to just farm some crypto. I am not against this idea, I just hope they implement it in a way that it doesn't degrades the content. They're already so many trolls on reddit already.

$ 0.00
2 years ago

It's a problem in CryptoCurrency but adoption has to start somewhere, I believe that at the start will be like Moons and people will try and farm. In the long term I think things will stabilize. Best Regards

$ 0.00
2 years ago

I hope so, karma tokens will be really cool

$ 0.00
2 years ago