- MOON and BRICK, tokens of two separate subreddits on Reddit, are experiencing a golden era.
- These tokens have been listed on exchanges such as Crypto.com, Gate.io, MEXC, and most recently, Kraken.
- Following their listing on Kraken, the tokens saw a significant increase in their value.
Reddit’s subreddit tokens, MOON and BRICK, are currently thriving, having been listed on various exchanges, including the US-based Kraken, leading to a substantial rise in their value.
Significant Value Increase Post-Kraken Listing
After being listed on Kraken, a prominent US-based exchange, the tokens MOON and BRICK experienced a significant surge in their value. MOON, the token of the r/Cryptocurrency subreddit, saw its value rise from approximately $0.27 to $0.50 within a day. Similarly, BRICK, the token of the r/FortNiteBR subreddit, increased in value from $0.025 to $0.060.
The Distribution of MOON and BRICK
The distribution of these tokens is based on the level of interaction users have on the respective subreddits. This system, known as “Community Points,” was introduced in 2020. According to CoinGecko, to date, 106 million MOON and 111 million BRICK tokens have been distributed. While BRICK’s market value is currently around $4 million, MOON’s market value is nearing $40 million.
Current Market Situation
However, following their record levels, both tokens have experienced a downturn. MOON is currently trading at $0.36, while BRICK is trading at $0.037.
Conclusion
In conclusion, the Reddit tokens MOON and BRICK have seen a significant increase in value following their listing on various exchanges, particularly Kraken. Despite a recent downturn, the tokens continue to hold considerable market value, demonstrating the potential of subreddit-based cryptocurrencies.
