"Users can hoard their points or spend them on unique features such as badges, custom emojis and GIFs in comments."

GIFs...in...comments? That will quickly lead to a worsening user experience, who thought this was a good idea?

"In the Reddit app your wallet is a full Ethereum wallet that has a private key and recovery phrase. You are able to use that wallet anywhere you would normally use an Ethereum wallet by exporting it."

Does this mean it can be converted to (or spent like) cash?