- The price of r/FortNiteBR Bricks (Brick) has increased by 117% to $0.05.
- These listings appear following weeks of hints from Kraken’s support crew.
On Monday, Kraken, a cryptocurrency exchange, began trading in MOON and BRICK tokens, the native currencies of two Reddit groups. CMC reports that the value of r/CryptoCurrency (Moon) has climbed by 42% in the last day to $0.42, while the value of r/FortNiteBR Bricks (Brick) has increased by 117% to $0.05.
These listings appear following weeks of hints from Kraken’s support crew that they could begin supporting Reddit Moons. Kraken was firm in its denial that it was suggesting a listing at the time. The cryptocurrency exchange Crypto.com jumped in to support the token a few days after the back-and-forth boosted expectations for acceptance among MOON holders.
Strong Backing by Kraken
Users get BRICK and MOON for their contributions to their respective Reddit communities. Members earn tokens for contributing material and comments, and they may be used to reward other members with tips.
Reddit’s trial with so-called Community Points began in 2020, therefore Monday’s listing was seen as a huge deal in r/CryptoCurrency and maybe a watershed point for the token. Kraken paid for a banner ad on r/CryptoCurrency using Reddit Moons in honor of the occasion. Kraken has helped the subreddit in the past by doing something similar, such as paying for banner ads.
Moreover, Kraken has announced perpetual futures for MOON and BRICK, a financial derivative that lets investors speculate on the tokens’ future price changes. Reddit users’ ability to deposit MOON and BRICK tokens into a Kraken account is a notable feature of the exchange’s support for these cryptocurrencies.
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