Merge pull request #7469 from emmanuel-awosika/patch-24

Updated information about Reddit Community Points

Author: minimalsm

src/content/social-networks/index.md

@@ -76,11 +76,11 @@ Users use the platform's native ERC-20 token $MIND to pay for items. Users can a
 
 ### Reddit {#reddit}
 
-Reddit has [touted Community Points](https://cointelegraph.com/news/reddit-to-reportedly-tokenize-karma-points-and-onboard-500m-new-users), which are ERC-20 tokens that users can earn by posting quality content and contributing to online communites (subreddits). You can redeem these tokens to [gain exclusive privileges and perks](https://www.reddit.com/community-points/) within a subreddit. For this project, Reddit is working with Arbitrum, a [layer 2](/layer-2/) rollup designed to scale Ethereum transactions.
+Reddit has [touted Community Points](https://cointelegraph.com/news/reddit-to-reportedly-tokenize-karma-points-and-onboard-500m-new-users), which are [ERC-20 tokens](/developers/docs/standards/tokens/erc-20/) that users can earn by posting quality content and contributing to online communities (subreddits). You can redeem these tokens within a subreddit to [get exclusive privileges and perks](https://www.reddit.com/community-points/). For this project, Reddit is working with Arbitrum, a [layer 2](/layer-2/) rollup designed to scale Ethereum transactions.
 
-The program is already in the beta phase, with the r/CryptoCurrency subreddit [running its version of Community Points called "Moons"](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki). From the community's wiki:
+The program is already live, with the r/CryptoCurrency subreddit [running its version of Community Points called "Moons"](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki). Per the official description, Moons "reward posters, commenters, and moderators for their contributions to the subreddit." Because these tokens are on the blockchain (users receive them in wallets), they are independent of Reddit and cannot be taken away. 
 
-> _Moons are an ERC-20 token on the Rinkeby network launched by Reddit admins in May 2020 as a part of the Community Points project. They are a means for users to be rewarded for their contributions in r/CryptoCurrency with a unit of ownership in the subreddit. Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from users. Moons are managed by a suite of smart contracts that handle balances, transfers, distribution/claiming, and purchasing Special Memberships. The smart contracts and mobile apps have been reviewed and audited by Trail of Bits, an independent security firm._
+After concluding a beta phase on the Rinkeby testnet, Reddit Community Points are now on [Arbitrum Nova](https://nova.arbitrum.io/), a blockchain that combines properties of a [validium](/developers/docs/scaling/validium/) and an [optimistic rollup](/developers/docs/scaling/optimistic-rollups/). Besides using Community Points to unlock special features, users can also trade them for fiat on exchanges. Also, the amount of Community Points a user owns determines their influence on the decision-making process within the community. 
 
 ### Twitter {#twitter}