Reddit mods dumped tokens hours earlier than blockchain program termination

Fashionable social community platform Reddit introduced the winddown of its blockchain-based group factors program on Oct. 17, citing scalability points. The announcement created controversy within the crypto group, with many calling it a rug-pull, as the value of the native token on completely different subreddits tanked after the information was revealed.

Every subreddit had its personal native token. For instance, the Moons (MOON) token was the native crypto asset of r/CryptoCurrency, whereas Bricks (BRICK) was for r/FortNiteBR. Customers might spend these factors on badges and unique gadgets for his or her avatars.

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