- Reddit is sunsetting its awards and coins system in an effort to make the platform simpler.
- Users will no longer be able to purchase new coins, and existing awards and coins will be sunset after September 12, 2023.
- Reddit has confirmed it is working on a new rewards system but did not share further details. We have reported our findings on the same previously.
Reddit is getting rid of its confusing awards and coins system, meaning users of the community platform can no longer spend real-world money to thank each other for their content. But the platform is promising that a “new direction for awarding” is under work, though we reckon we already have a fair clue on what that could be.
In an official announcement post, Reddit announced its decision to sunset the plethora of coins and awards that were present on the platform. These coins and awards were used in different ways by the community to recognize good contributions from other members.