Home
News
- 1 MOON and BRICK are tokens of the Reddit community that are used to reward the community.
- 2 They have real use cases in cryptocurrencies.
Reddit rewards the users with the community point system. The rewards are in the form of MOON and BRICK tokens. The users who show their contribution towards the platform were rewarded with these tokens.
They are digital tokens that can be earned by participating in some subreddits. One of the other uses of these tokens is that they can be used to unlock other special features or perks within those communities. Reddit was first built on Ethereum. It was then migrated to Arbitrum Nova which is a Layer-2 scaling solution created in 2021.
MOON Token
It was introduced in May 2020. It is a part of the community project points of Reddit. It is an ERC 20 token so it is interoperable with Ethereum-based cryptocurrency. MOON is rewarded by giving contributions to community polls and activities. Another way of earning MOON is to create posts. The upvotes received will increase the chance of receiving tokens as a reward.
The use cases of MOON include access to exclusive content and features. It gives cryptocurrency membership by which one can include images, comments, etc. Since it is a token, it is used for voting and is used as a governance token. They can also be traded in various cryptocurrency exchanges.
The distribution of MOON depends on the individual contribution made by people, i.e. their comments and posts on the platform. The contribution of the user is measured based on karma but the final decision is in the hands of the community. The more they vote, the more chances they will have to earn a MOON. Initially, 50M MOONs will be distributed based on karma earned in subreddits.
BRICK Token
The community points project of Reddit consists of BRICK tokens as a part. It is given as a reward to the users. It is dedicated to Fortnite Battle Royale by Epic Games. The Fortnite game is free to play. In this, the players skydive and search for weapons that will be used to defend themselves from other players.
The use cases of the BRICK token are the same as those of the MOON token. It is used as a membership card which gives access to its contents. It is also used for governance and embedding GIFs and images.
BRICK has a maximum supply of 250M and they are distributed every four weeks. It is also based on Karma points every community user earns. Before distributing BRICKS, the proposal is made public and the community finalizes the decision.
Summary
MOON and BRICK are native tokens of the Reddit community. They are setting examples of how the tokens can increase engagement, online interaction, and contribution to the platform.
The recent update of Reddit terms has made MOON and BRICK highly popular tokens. The highly powerful subreddits cryptocurrency (MOON) has 6.6 Million members and FortNite BR (BRICK) has 26 Million members respectively.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
