Lemmy NZ

Reddit is going to sunset its current coins and awards systems, meaning you won’t be able to buy Reddit Gold for posts you like. However, it is working on a new system for awards.

Reddit is removing its current coins and awards system on September 12th. Users will no longer be able to buy awards like Reddit Gold to give to other users' posts. Reddit says the current awards system is too cluttered and confusing, so they plan to introduce a new simpler system in the coming months that will allow users to reward each other in a more meaningful way. Many users are unhappy about the removal of the awards system without a replacement ready. Some are also frustrated that Reddit is not providing compensation for the coins users have already purchased. While details of the new system are vague, it appears Reddit may allow users to cash out their gold and karma for real money.

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/technology by /u/McFatty7 on 2023-07-14 01:45:42.

[ sourced from The Verge ]

Libreddit link to announcement: https://libreddit.domain.glass/r/reddit/comments/14ytp7s/reworking_awarding_changes_to_awards_coins_and/