Wednesday, 18 October, 2023

Reddit Introduces Crypto Community Points, Guards Against Rug Pulls

Reddit is rolling out community points based on cryptocurrency, allowing individual communities to establish their tokens. This move aims to empower Reddit users and foster community engagement. To prevent fraudulent rug pulls, Reddit is incorporating protections that include minimum token liquidity requirements and smart contract audits. The development reflects the growing trend of blockchain integration within online communities and the need for safeguards in cryptocurrency adoption.