Its basically the same as rating someone's looks IRL.
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It shows you are generous or a terrible person willing to exploit stuff like developer keys / price errors / etc in some cases, and pretty much nothing else. User level is mostly a measure of just how much you have given. If you don't care about being generous, nothing we can say here can convince you of their importance.
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any advantage of having a bigger level other than being able to give more giveaways or join level specific giveaways? maybe there's a secret or something i missed..
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