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The value of those tokens has, predictably, fallen off of a cliff, as CoinDesk<\/em> reports<\/a> drops of between 60 and 90 percent. Some Reddit posters claim<\/a> thousands of dollars in value disappeared<\/a> from their wallets immediately, while others are pointing at transactions<\/a> made just prior to Tuesday\u2019s announcement that they think are suspicious.<\/p>\n<\/div>\n Community Points will go away by November 8th. According to the announcement, the admin said that the company shutting down Community Points because \u201cthere was no path to scale it broadly across the platform.\u201d While the moderators and communities that supported the feature \u201chave been incredible partners,\u201d the admin said that \u201cthe regulatory environment has added to scalability limitations.\u201d The admin added that Community Points \u201cwouldn\u2019t migrate well\u201d to the updated reddit.com experience<\/a> \u201cwithout an outsized commitment to resources.\u201d<\/p>\n<\/div>\n Instead, the company plans to focus on \u201cmore scalable programs\u201d like the recently launched Contributor Program, which will let you turn Reddit gold into real money<\/a>, the admin says. When Community Points are officially sunset, you won\u2019t see them in your Vault on the Reddit app. <\/p>\n<\/div>\n