Reddit’s Contributor Program Unveiled: Reddit, a website with over 50 million active users per day, has launched a Contributor Program. Now, American users, including moderators, can earn actual money for their contributions and content. Monthly payments are determined by the user’s accumulated karma and gold.
On their profile, users can select “Get Verified to Start Earning”
Here is how it operates: To join the program, users can select “Get Verified to Start Earning” from their Reddit profile. “standard contributors” earn 90 cents per gold, whereas “top contributors” earn $1 per gold. To qualify as a standard contributor, you must have contributed at least 10 gold and earned between 100 and 4,999 karma in the past year. The requirements for top contributors are 10 gold and over 5,000 karma.
Furthermore, Reddit has updated its gold system. Long-pressing the upvote icon allows users to select from six different gold awarding options, ranging from $1.99 for one gold to $49.00 for 25 gold.
This action brings Reddit in line with other platforms, such as Facebook and Instagram, that have user monetization strategies. However, the new system may refocus user attention on content that earns gold and karma, possibly affecting the quality of discussion on the platform. By introducing this program, Reddit is altering the way we think about social media engagement and monetization.