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RenVM Mainnet Is Now Live Supporting DeFI Interoperability
On May 27 DeFi protocol Ren with backing from Polychain Capital and FBG Capital, launched its core product ‘RenVM’.
RenVM allows users to create tokenized Bitcoin (BTC), Bitcoin Cash (BCH), and Zcash (ZEC) in the form of ERC-20s for use on the Ethereum ecosystem.
https://twitter.com/renprotocol/status/1265603894954123266
Taiyang Zhang, co-founder, and CEO of Ren said:
“Succ…
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Reddit's Tokenized Rewards Will Migrate To Ethereum Blockchain By 2021
Reddit’s Tokenized Rewards Will Migrate To Ethereum Blockchain By 2021
Reddit has confirmed that its tokenized rewards will migrate onto the Ethereum blockchain later this year.
On May 13, Reddit officially revealed its Community Points system, announcing that the feature would be rolled out across “limited communities.” However, the rewards system will operate on a test-net until autumn 2020 at the earliest.
A Reddit post confirmed that points will comprise E…
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Reddit Introduces New Community Points System Built On Ethereum Blockchain
Reddit Introduces New Community Points System Built On Ethereum Blockchain
Reddit has introduced its new community points system built on top of the Ethereum blockchain.
On May 13th, Reddit announced that Redditors will now be able to earn rewards in the form of ERC-20 tokens based on Ethereum blockchain for creating engaging content on the platform.
https://twitter.com/jessewldn/status/1260727306395541506
Users will have the freedom to either save their…
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Reddit May Use Community Points In The Form of Ethereum’s ERC-20 Tokens
Social media giant Reddit seems to be experimenting with Community Points in the form of Ethereum’s ERC-20 tokens.
In a first of its kind, users of Reddit can now convert their Reddit time into tokens called Reddit Community Points. The launch of Community Points represents ownership of a subreddit, on Ethereum.
A video on April 11 by posted Reddit user, MagoCrypto explains how the system…
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