Pros:
1. Provides a novel way to incentivize and reward active community members on Reddit. 2. Encourages engagement and participation within specific subreddits. 3. Creates a sense of ownership and value for users who earn tokens.
4. Offers potential for increased transparency and accountability through blockchain technology.
Cons:
1. Volatility and significant price dips can lead to frustration and disappointment for token holders.
2. Reliance on blockchain technology may pose technical challenges and complications.
3. Lack of understanding and unfamiliarity with cryptocurrencies may deter some users from participating.
4. Potential for manipulation and gaming the system to earn tokens, compromising its integrity.
Subreddit reputation tokens plunged by over 85% following the announcement.
