So, what kind of crypto currency would this be? Does anyone know if there are plans for a mining operation like bit/lite/doge coin that one could participate in

So, what kind of crypto currency would this be? Does anyone know if there are plans for a mining operation like bit/lite/doge coin that one could participate in, or is it just a block chain that is allocated to reddit "shareholders" by some other means? (all of this is assuming that "considering a cryptocurrency" == "planning to implement a cryptocurrency")