The new system to replace Reddit coins and awards is here. You got out at the right time.

Bucky@816am.ddns.net to Reddit@lemmy.world – 1364 points –
Community Points - Own a Piece of Your Community
reddit.com

Read all about it at the above link. There's way too much to process here. This is going to be wild.

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I used reddit for almost 9 years and aside from reddit gold, I had no idea what the modern awards did / can't even see them on my (now depreciated) app.

It puts a small icon next to your name on your awarded post/comment.

That's all.

Third-party apps were forbidden from accessing the feature, as it was exclusive to their inner GraphQL API.

Before they killed r/pan, awards above the lowest level used to extend a streamer's time. They also give a period of Reddit Premium (i.e. ad-free, plus a few free coins to give awards yourself) - I've got about another year of that still from a few surprisingly successful streams I did.