Reddit Rolls Out Contributor Program 3n368 Offering Real Money for Gold and Karma

The contributor program is now rolling out in the US across Web, iOS and Android Reddit apps. 423433

Written by Siddharth Suvarna | Updated: 26 September 2023 14:59 IST

Reddit Rolls Out Contributor Program, Offering Real Money for Gold and Karma

Photo Credit: Reddit 3j3d35

Reddit gold is awarded by other Redditors to s for their content on the platform

Highlights

Reddit also announced a simplified gold system
The company has not revealed details about the payout
Reddit started charging third-party developers for access to its API

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Reddit, the popular social networking platform, is starting a new contributor program, which will let s convert their Reddit gold and karma into real money. Reddit made the announcement in a blog post, alongside bringing a new simplified way to award content on its platform with Reddit gold. Eligible Redditors will receive actual money for their contributions on a monthly basis. Reddit gold is awarded by other Redditors to s for their content on the platform, while karma — the number next to a name on Reddit — is accumulated over time by posting and commenting.

Reddit announced the contributor program on Monday, promising real (fiat) money to qualifying redditors and mods for their contributions to the platform. A qualifying Redditor must be 18 years or older, live in a ed location, and must have a Reddit . “Once enrolled in the program, redditors will receive payments on a monthly basis. The earnings a redditor receives are calculated based on the amount of karma earned and gold received on their eligible contributions,” Reddit's blog post said.

The contributor program is now rolling out in the US across Web, iOS and Android Reddit apps. s can head to the program via their profile menu, where eligible s can tap the ‘Get Verified to Start Earning' button to enrol in the program. Reddit has not revealed details about the payout for s.

Reddit Fined in Russia for First Time Over 'Banned Content': Report

The company has also brought a simplified way to give away Reddit gold to s. With the new gold system, s can long press the upvote icon on mobile (or hover over it on desktop) directly within the post or comment they want to reward and select from a pop-up of six gold awarding options, ranging from $1.99 (roughly Rs. 165) for one gold to $49.00 (roughly Rs. 4,077) for 25 gold. This will result in a golden upvote in place of a regular one. This feature is only available in select communities on Reddit's native mobile apps and will reach other communities in the coming weeks. The new gold system will be available on Web later this year.

Reddit's new gold system
Photo Credit: Reddit

Reddit Says 80 Percent Top Subreddits Open After Protest Blackout

Reddit is making efforts to reward its contributors months after thousands of popular subreddits went dark in protest against the company's plan to charge for access to its data. Reddit now charges third-party app developers for access to its for its application programming interface (API). As a result, many popular third-party apps for the platform, including Apollo, have had to shut down. Apollo had said, with their current usage, the charges would cost them more than $20 million (roughly Rs. 160 crore) a year.

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Further reading: Reddit Karma

Manas Mitul

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In his time as a journalist, Manas Mitul has written on a wide spectrum of beats including politics, culture and sports. He enjoys reading, walking around in museums and rewatching films. Talk to Manas about football and tennis, but maybe don’t bring up his video game backlog. More