- Vitalik Buterin praised Reddit for their experimentation with contributor ownership.
- The statements were made in regards to Reddit’s Directed Share Program (DSP).
Vitalik Buterin, co-founder of Ethereum, lauded Reddit on Monday for its plan to include contributor ownership in its impending IPO. But he’s bummed out because Reddit’s contributors are subject to restrictions set by American law.
Reddit is a prime platform for the cryptocurrency community to connect, debate, and share news, therefore it attracts contributions from crypto fans and investors all over the globe. Various subreddits exist on Reddit that focus on cryptocurrency, tokens, and associated businesses.
Rolling Concept for Airdrops Advocated
Vitalik Buterin on Warpcast praised Reddit for their experimentation with contributor ownership in response to an email from the social media platform. Though he acknowledged that the issue was with regulators rather than Reddit, he nevertheless expressed his sadness about the situation. Buterin emphasized the crypto industry’s potential in the global economy as a representative of the crypto community.
The statements were made in regards to Reddit’s Directed Share Program (DSP), which enables certain users and moderators to purchase shares at discounted pricing similar to institutional investors during Reddit’s first public offering (IPO). Unfortunately, it’s only available to those living in the United States. A rolling concept for airdrops to community contributors is something he advocates for.
Investments in Bitcoin and Ethereum were revealed on Reddit in an initial public offering file, indicating a move towards blockchain technology. An initial public offering (IPO) that has been delayed for years will finally take place in the near future. On February 22, 2024, Reddit filed for an initial public offering (IPO), which is anticipated to take place over the following few months.
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