Reddit Introduces Two Tokens Based in Ethereum As Network Rewards

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


To be used on the Reddit website, two subreddits have declared their tokens. The assets kicked off on May 13.

The two subreddits, r / Cryptocurrency, and r / FortNiteBR plan to use their digital tokens on the site as “group points.” The coins are known as MOON and BRICK. These subreddits are composed of 2.4 million members.

Members of the community receive those tokens whilst being involved in the forum and consistently contributing by posts and comments. The tokens are operated by the Ethereum blockchain and will be stored in the Reddit Vault, a wallet installed on the iOS and Android platforms in Reddit’s mobile apps. As an ERC-20 token, holders should be able to pass their assets onto other compatible wallets. There is currently no news on the possibility of exchange platform financial support, however.

An announcement from r / FortNiteBR states:

‘[BRICKS assets] can be freely exchanged and used for any variety of functions within the group. At such a time, they can be used to show credibility within the subreddit, activate special functions such as badges and GIFs in Special Membership posts, and add credibility to poll votes.
Distribution of Tokens to Commence Shortly
MOON should have the same attributes, too, as per r/Cryptocurrency post. Research last year shows a correlation between the comments on Reddit crypto and the coin trajectory.

Both subreddit may start releasing tokens on Ethereum’s Rinkeby Testnet within the next few days. They will stay on the Testnet in beta for the remainder of the summer before moving to Ethereum’s mainnet if they complete the trial round of the Testnet.

While in many ways the tokens are near copies of each other, one fascinating divergence in their joint nature is that MOON has a more fleshed-out inflation schedule than BRICK.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *