It doesn't pay out SP, but you can get badges here: http://steemitboard.com/board.html?user=thecrazygm (replace with your username) or look at the footer of this post on how that might work: https://steemit.com/life/@thecrazygm/good-news
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Yes, @steemitboard / @arcange is doing great work and I believe it is helping users, I see quite a lot of users use those badges as footer