Member-only story
Non-members can read the story here.
UPDATE: Reddit killed Community Points in Fall 2023. Other subreddits did not buy in to adopting the system and is contributing factor on this. There may have been regulations on this system given Reddit’s plan to go public as well.
In May 2020, Reddit implemented a new Community Point system on three subreddits. The most popular of these points, called Moons, has skyrocketed in valuation and participation.
Officially, these so-called Moons can only be used on the r/CryptoCurrency subreddit to tip other contributors and purchase a Special Membership. This Special Membership gives access to styled usernames, the ability to use gifs in comment sections, and access to loyalty badges. Unofficially, Moons have a current worth of approximately $0.183 USD and can be traded on the Ethereum blockchain.
Due to the size of the Cryptocurrency subreddit of approximately 6 million people and growing, many think that Moons are the first Community Point system for Reddit. Even more so, some think that Moons are the only Community Point system but that is far from the truth. Currently, there are three subreddits with their own version of Community Points. In addition to Moons, there are Donuts available on r/EthTrader and Bricks available on r/FortNiteBR. Similarly to Moons, Donuts and Bricks can only be used on their respective subreddits.
