Reddit co-founder Alexis Ohanian has confirmed in a y-combinator hacker information post that the launch of Reddit notes has been not on time. The website online particular foreign money is intended to follow the model of different a hit cryptocurrencies like bitcoin and dogecoin and give customers a convenient manner to tip and change with every other.

On the legit Reddit blog publish on the problem, Reddit had this to mention:

We’re still running out details on each the technological and felony components of the undertaking, especially concerning how Reddit notes will work within present government regulations.
On time, Reddit notes were deliberate to be released in fall of 2015. However the recent submit from Alexis Ohanian has made the new version date doubtful.

As of but, it’s far still unknown how the notes may be disbursed and traded, but on the legitimate weblog publish Reddit introduced that the distribution would probably be accomplished in a lottery machine with precedence given to debts active earlier than fall of 2014 while Reddit notes become announced.

To rejoice all of you and your contributions, we plan to provide away reddit notes in a random lottery. As of this factor, it seems like we’re going to have about 950,000 reddit notes to divide among lively user money owed.