Reddit points rally over 45% after Totem Point buys a stake

Reddit Points increased by more than 45% on Sundays after they found the new ones discovered that Totem Management Management Totem Totem LLC bought share in the company during the fourth quarter worth about $ 1,273 million.

The sharp trend to above emphasizes the growing excitement of investors not only around RedDiT’s wider platform race, but also its single block-based system.

Reddit points, which allow users to earn, possess and consume blocks of tokens based on their contributions to certain submedia, became an increasingly important part of the company’s ecosystems.

Unlike traditional “karma” in reddit, decentralized points – which are users who actually possess them and can accommodate them in a cylinder wallet, top, unlock special members, and even trading them. Communities like r / criptocurrency (with their Token “MONEONS”) They brought to adoption. See the seventh-day trend below.

There is also R / Fortnitebra, which is gathered over the past week:

Rally also reflects the wider market dynamics, because the CRIPTO property floated a combination of institutional interest, optimism around social networks based on blockchain and recent social media companies Home Public offer.

Investors appear to show community points as a potential “spun” that could start new engagement models in the Evoluge Creator economy.