Reddit, the popular online platform, has once again sparked user discontent as it announced the sunsetting of its coins and awards system. The decision comes after recent protests regarding API changes. While Reddit claims to be working on a new rewards system, no details have been provided about its potential launch. Previously, users were able to purchase Reddit Coins and use them to give awards to other users.

Changes and Timeline for the Sunsetting Process

Starting today, users will no longer be able to purchase new coins on Reddit. However, all existing coins and awards will remain available until September 12, 2023. In a blog post, Reddit stated that this change is aimed at simplifying the platform. The company acknowledged user feedback, expressing that users found the clutter and steps involved in awarding content to be undesirable. Consequently, Reddit plans to revamp its rewards system, but specific details have not yet been provided.

Reddit’s Plan for the Future of Rewards

According to Reddit, it has become evident that the current awards and coins system needs to be rethought and eventually sunsetted. The company emphasized that rewarding content and contributions, as well as a sense of something valuable, will remain integral to Reddit. In the coming months, Reddit intends to share more information about its new direction for awarding, aiming to empower users and establish more meaningful ways to recognize high-quality contributions on the platform. The primary goal of the revamp is to create a simple and user-friendly system.

User Reactions and Backlash

Reddit’s decision to sunset the current rewards system before launching the revamped version has left users upset, as it means the platform is currently without a rewards system in place. Users expressed their disappointment and frustration, criticizing the company for removing a popular feature without providing immediate replacements. The absence of a clear timeline for the introduction of the new system has exacerbated user dissatisfaction.

This announcement comes at a time when the platform has faced ongoing backlash for its decision to charge developers for API access. The change has sparked protests from various subreddits and moderators. Despite the backlash, Reddit CEO Steve Huffman has consistently defended the company’s decision. It appears that Reddit remains committed to its chosen path, and significant changes to the API pricing structure are unlikely in the near future.

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