Distribution schedule.Įven if all that is possible it won’t be happening anytime soon. A trading system can also be created using the currency. But synopsis says that Facebook’s Libra can’t be launched any soon.Īaron Brown, a crypto investor and a writer at Bloomberg Prophets says, A “possibility is the plan is to introduce the currency and get people used to it and then gradually build it into a valuable general exchange currency.” The currency can further be used to buy content, subscription, or even to purchase goods on websites or even beyond that. Facebook is continuing with his struggle to make sure that his cryptocurrency Libra enters the market at the soonest. Telegram, on the other hand, has discontinued his plans of cryptocurrency launch after getting knocked down several times by authorities. They have even faced clashes with regulators and authorities of the court regarding this decision. These other tech companies are fighting hard to enter the cryptocurrency market for a long time now. We shouldn’t forget that Reddit has a huge user, and launching its cryptocurrency means that it will be ahead in the game from tech companies like Facebook and Telegram.

It is an actual cryptocurrency that is running on Ethereum Network. Reddit Crypto will not work as a cryptocurrency launched for in-game cash prizes or like other video games cash. The Reddit crypto will be available to around 1million users from the midsummers. As stated, the Reddit game plan for the cryptocurrency is a lot different when compared to others. They can even buy exclusive emoji GIFs and post them as a comment. The Reddit cryptocurrency will provide people with the lucky chance to purchase exclusive badges on the website. Reddit has always been in controversies, it is a discussion platform with around 430 million active monthly users.

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