Community Points allow members of Reddit communities to own a piece of their community, earn rewards for quality contributions, and unlock special features.
Read all about it at the above link. There's way too much to process here. This is going to be wild.
Okay but
"In order for contributors to claim the Points they have earned, they need to create a Vault within the Reddit mobile app. When a user creates their Vault, they will receive the Points that they have earned up to 24 weeks (~6 months) before. Points earned but not claimed within 24 weeks will expire."
So... Yes, it definitely was about getting everyone to use the shitty app. This is their second wave of that.
And also
"Moderators receive their Community Points at the beginning of the following distribution cycle. The actual amount of Points they receive depends on how many Points were distributed to users' Vaults in the previous cycle."
They are trying to rope in the mods to convince people to join the app.
Wonder what kind of wild exploitation someone is going to come up with, because rest assured this is going to happen.