Gamification Techniques – Reddit!
Reddit is an online community wherein the users can post content, comments. To engage with Reddit and participate in this platform individuals can either sign up as users or initiate their own community by creating a subreddit.
Having millions of daily visitors, Reddit boasts of being the 9th most popular site in the world and 7th most popular site in the US!
Working Mechanism of Reddit
Reddit has several sub-communities called Subreddits. A subreddit is simply a subdivision of Reddit wherein the content relating to a specific interest or topic is posted.
Creating a subreddit in Reddit is a quite simple task. For this, a Reddit account and a minimum number of positive karma points are required. Karma points are discussed in-depth, later in this article. Subreddits cater to a wide arena of diverse interests.
Community Points – Crypto awards in Reddit!
Reddit first introduced crypto token rewards in December 2019, when it launched “Donuts” which was an Ethereum-based token reward in the r/Ethtrader subreddit. Thereafter, in May 2020, the platform expanded the reward program onto the r/Cryptocurrency subreddit with “Moons” and r/FortniteBR with “Bricks” on an Ethereum testnet.
Now, Reddit is planning to add this crypto reward feature to all the subreddits as an optional addition.
Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer – A report published on Cointelegraph
With the inculcation of blockchain technology, Reddit aims to establish autonomy for communities in a decentralized and secure way.
The community points will be independent of Reddit just like the decentralized autonomous organizations! These points, being highly flexible, can be customized with the community’s own name, symbol, distribution rules, and uses.
As of now, The Community Points program is being implemented on the Rinkeby testnet version of the Ethereum blockchain. Reddit, in the future, is planning to shift on the Ethereum mainnet using Ethereum layer-two scaling solution Arbitrum.
After the reward system moves to the mainnet, the rewarded tokens are likely to be able to be swapped, held or traded on various crypto trading platforms similar to any other ERC-20 token.
Once this beta program goes live, the users and moderators can request the Community Points feature to be added to their subreddit.
“Special Memberships,” could be created by each subreddit that participates in this program.
Reddit tokenize karma points 500m userscript
According to the website:
“Your Community Points exist on the blockchain, independently of Reddit, where they can only be controlled by you (just like Bitcoin (BTC) !).”
How will we pull this off?
Reddit has partnered with @OffchainLabs (@arbitrum) and created our own separate instance.
Community points for 2 subreddits (~80,000 users) are already on Rinkeby Testnet on our Arbitrum network (separate to Arbitrum One).
— Rahul (@iamRahul20x) November 3, 2021
Reddit’s partnership with Offchain Labs’ Arbitrum network will allow for the creation of a separate blockchain instance, to be used for storing users’ tokenized community points.
Reddit tokenize karma points 500m usershare
The exact mechanism and algorithm for the calculation of Karma points are not revealed by Reddit.
Karma ensures that the best possible content is depicted to the users. Here is how karma works-
A post in Reddit can either be upvoted or downvoted by the users which are associated with accumulating positive and negative karma respectively.
Positive karma increases the number of points in a post and negative karma decreases the same.
In Reddit, there are two methods of earning Karma points-
- Via Posts – When a user posts something and it gets upvoted, one point of karma is gained.
For example, making more than n number of posts or comments a day reduces Point earnings by a certain percentage for that month.
Each subreddit can flexibly customize the rules, so they can be modified in accordance to the specific needs of your community.
Moreover, the moderators and administrators work consistently to ensure that such acts like spamming are strictly prohibited.
They also possess the power to ban such users.
Awarding silver, gold, or platinum, it costs 100, 500, and 1800 coins, respectively.
Trophies are the badges that appear next to the names in Reddit. They are awarded for posting good links, writing a comment, writing something interesting, contributing a photograph, etc.
Each night, the trophies are calculated and the winners listed on the honor roll.
Also, each winner receives a trophy on their user page as a token of accomplishment. In the quest to earn trophies and get their name listed on the honor roll, the members post high quality professional content and contribute to the platform.
Reddit engineer, Rahul, highlights the social media platform’s efforts to improve user interaction through various cryptocurrency initiatives.
American social media giant Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.
A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph reported in July 2021, the platform had launched its own layer-two rollup using Arbitrum technology for its rewards points, named Community Points.
FortNiteBR — have been moved to the Rinkeby Testnet on the Arbitrum network, which, according to Rahul, will be scaled for gasless transactions:
Moreover, Reddit communities will also have the ability to fork blockchains through community-based decisions, in addition to allowing the scope to explore new monetization strategies with Web 3.0.
“When we all pull this off, we would onboard 500M web2 users into web3 and then there is no going back. Let me say that again – 500 million new crypto users.”
Related:Reddit may be preparing to launch its own NFT platform
Reddit has been home to a number of community-driven crypto initiatives including Dogecoin (DOGE) fundraisers and continues to cater to a vast crypto community.
Gamification refers to the application of game-design elements, mechanics, and principles in non-game contexts. Gamification motivates and stimulates people to undertake the tasks effectively.
Gamification would play a pivotal role in enhancing user retention and community engagement.
The gamification techniques coupled with the incentivization schemes would definitely prove to be a miracle for the governance, community management, and sustainability of the DAOs.
It would boost the motivation of the DAO members for productive and consistent participation in the protocol governance.