Mitja Rutnik / Android Authority
TL;DR
- Reddit is sunsetting its awards and cash system in an effort to make the platform less complicated.
- Customers will now not be capable of buy new cash, and current awards and cash can be sundown after September 12, 2023.
- Reddit has confirmed it’s engaged on a brand new rewards system however didn’t share additional particulars. We’ve reported our findings on the identical beforehand.
Reddit is eliminating its complicated awards and cash system, which means customers of the group platform can now not spend real-world cash to thank one another for his or her content material. However the platform is promising {that a} “new path for awarding” is below work, although we reckon we have already got a good clue on what that may very well be.
In an official announcement publish, Reddit introduced its determination to sundown the plethora of cash and awards that had been current on the platform. These cash and awards had been utilized in alternative ways by the group to acknowledge good contributions from different members.
Nonetheless, what began off with Reddit Gold (which was easy and really effectively obtained), quickly advanced into Reddit Silver, Platinum, Ternium, and Argentium. This was then complemented by awards that had been particular to communities, usually used as a meme too. In the event you wished to award somebody with one among these awards, you would wish to make use of real-world cash to purchase Reddit Cash after which purchase an award that you just reward to somebody.
Aamir Siddiqui / Android Authority
If this wasn’t complicated already, there have been additionally Group cash for moderators and Group Awards. Not one of the awards obtained have any real-world worth apart from being some pixels in your pseudo-anonymous web profile.
So it comes as no shock that Reddit is sunsetting this whole system. Customers will now not be capable of buy new cash, however all awards and current cash will proceed to be accessible till September 12, 2023. The 50+ digital badges and currencies being axed embody cash, Group cash for moderators, Medals, Reactions, Premium Awards, and Group Awards.
In its announcement publish, Reddit mentions {that a} new rewards system is coming quickly however falls in need of sharing any usable particulars.
Rewarding content material and contribution (in addition to one thing golden) will nonetheless be a core a part of Reddit. We’ll share extra within the coming months as to what this new future appears like.
We do have an concept of what this may very well be. We’ve beforehand supplied perception into the Reddit Contributor Program, which might enable the group to money out their Reddit gold and karma. Nonetheless, with Reddit Gold now being sundown, it’s imminent that this system will change indirectly to maybe accommodate a unique forex. Reddit’s affirmation of a brand new rewards system within the works is corroboration of our findings of the Contributor Program.
