Reddit needs an IPO! Its value is expected to exceed $ 15 billion and it plans to support cryptocurrency features.

Reddit, known as the largest distributor in the United States, posted an announcement on its Twitter account around 10:30 a.m. today (16) confirming that it had sent the S-1 standard to the United States Stock Exchange ( DRY). for a free public start (IPO)

When Reddit announced its new private equity campaign in August this year, it was worth around $ 10 billion, and its main investors are Fidelity Investments, Andreessen Horowitz, Sequoia Capital, and Tencent Holdings. In September, a "Reuters" report reported that people familiar with the matter said they hoped Reddit would go public in early 2022 and be worth more than $ 15 billion by then. The data is due to time constraints and has an impact on management. .

It is not yet clear what exactly constitutes the number of requirements to offer for sale or the price of the IPO.

Reddit plans to support cryptocurrency features.

Reddit is a fun, social, and news platform that allows users to chat and share ideas through web forums. The forum covers a wide range of subreddit content (also known as segmentation). In June 2021, Reddit was the 14th most visited website in the world with more than 2.3 billion monthly visits.

According to a recent announcement from the financial community, Reddit has launched a waitlist for the award for community content experimentation and the website continues to operate. Like existing Karma Points, users can earn tokens by posting or downloading Key Points or volunteering for the community.

Although Reddit is currently in the Points token testing phase, users have been cautioned to be careful not to sell, trade, or trade any Content as it is a violation of the website. And further: the content is still in testnet. These actions are very dangerous. Content may or may not be migrated to the Ethereum mainnet.

In fact, in December 2019 when the platform took the first step of cryptocurrency giveaways, the r / Ethtrader subsector only developed an Ethereum token called Donuts, and in May 2020 , the Reddit and Offchain Labs Arbitrum network was launched. I on Reddit. We moved two versions of / cryptocurrency and r / FortNiteBR (total of around 80,000 user community point tokens) to Arbitrum's Rinkeby test network and worked together to bring their tokens, moons and bricks.

Special membership and newsletter features are available for purchase

On the official site, Reddit users can sign up for the waitlist, and when the beta is released, community features will be added to the section.

In addition, all sections participating in the program can activate special partnerships, which users can purchase from Community Points tokens, which allow tokens, GIFs, graphics and more. A special feature has been added that allows users with multiple community themes (multiple participants in these posts) to have a greater community voice.

“The content of the community will be a criterion to measure the reputation of the community. In the future, this will mean using your brand on subreddits, allowing participants to share your content. Communities stand out from the crowd. "

These tokens are locked into a personal chain that allows users to view, use, and access community content in the app at any time. Due to the information in the blockchain, users will always share their reputation history on the network.