Reddit releases more details about the upcoming changes to Reddit Gold

Deimos
2018-08-23T02:40:43Z

If you missed it, Reddit recently announced some major planned changes to Reddit Gold. It's pretty vague and confusing, but my summary was:

The current gold system is basically:

When you have reddit gold, you can disable ads and have access to a few extra features.

You can buy gold for $4/month or $30 if you buy 12 months at the same time. You can also buy "creddits" for the same prices, which are basically stored months of gold and can either be used on yourself or to give gold to other users.

Giving gold to other users is called "gilding". You can gild individual posts on the site, which puts a gold icon on that post and gives the author a month of gold.

Now, from what I can understand, this is the new system:

Reddit gold is now called "Reddit Premium". You can buy it for yourself for $6/month. There are no bulk discounts any more, so a year of Premium will cost $72. Existing subscribers can keep their current pricing as long as they're subscribed before the change.

When you have Reddit Premium, at the beginning of each month you will be given some amount of "Gold Coins". These Coins can be used to give "awards" to other users' posts.

You can give 3 different types of awards to a post, which each cost a different number of Coins:

Silver Award - costs the fewest number of Coins; adds a silver icon on the post; the author receives no further benefits

Gold Award - costs more Coins; adds a gold icon on the post (same as current icon); the author receives some small number of Coins (not Premium)

Super Gold Award - costs the most Coins; adds a "spectacular" icon on the post; the author receives a month of Reddit Premium

Gold Coins will be purchasable in bundles separately from Premium, pricing not announced.

Today they released more info in /r/lounge (here's the post if you have reddit gold to be able to view it). The summary of the new post is:

"Super Gold" has been renamed "Platinum"

If you have any creddits, you have the choice to convert them to months of Premium membership before Sept. 10. If you don't, they'll be converted to 2000 Coins per creddit.

You get 700 coins per month for having Premium.

The awards that you can give to posts have these coin costs/benefits:

Award | Coin Cost | Benefits
Silver | 100 Coins | Silver icon next to comment or post; a lingering sense of disappointment that you didn’t get Gold
Gold | 500 Coins | Gold icon next to comment or post; additionally, recipient receives 100 Coins
Platinum | 1,800 Coins | Platinum icon next to comment or post; recipient receives one month of Premium membership (which includes 700 Coins)

And there will be the following "Coin Packs" available for purchase:

Price Point | Coin Package | Discount % | What You Can Buy
$1.99 | 500 Coins | N/A | 5 Silver Awards or 1 Gold Award
$3.99 | 1,100 Coins | 10% | 11 Silver Awards or 2 Gold Awards
$5.99 | 1,800 Coins | 20% | 18 Silver Awards, 3 Gold Awards, or 1 Platinum Award
$19.99 | 7,200 Coins | 43% | 72 Silver Awards, 14 Gold Awards, or 4 Platinum Awards
$99.99 | 40,000 Coins | 59% | 400 Silver Awards, 80 Gold Awards, or 22 Platinum Awards

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