Reddit Gives Back By Introducing Their Own Cryptocurrency

Reddit, one of the biggest content sharing sites in the world, has raised $50 million in Series B on a $500 million valuation and, in a surprising move, plans to give back 10% of the round’s equity to the user community through its own cryptocurrency. With this move, Reddit could potentially revitalize its community while also introducing some new “freemium” features linked with its its own “reddit money”. This, in turn, could potentially open up a new revenue stream should Reddit decide to allow exchange with fiat money.