Wednesday , 21 November 2018
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Reddit announces ‘reddit notes,’ its plan to give 10% ownership of Reddit back to users

Reddit announces ‘reddit notes,’ its plan to give 10% ownership of Reddit back to users

Reddit today revealed just how it plans to give a 10 percent stake in the company back to its most active users, thus making good on its promise from September.

The plan involves a new feature called “reddit notes,” which will be randomly passed out to a portion of the service’s active user base. The notes won’t be given to everyone, just active users on the site starting at the end of September when the plan was first announced. There are 950,000 notes available, and Reddit said it will begin a “random lottery” to pass them out in fall of 2015. So in other words, this is how Reddit plans to use cryptocurrency to compensate its community with shares in the company.

Developing.

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