Reddit Moons and Bricks Tokens Soar After Kraken Listing

After being listed on popular cryptocurrency exchange Kraken, Reddit-native Moons (MOON) and Brick (BRICK) tokens have propelled to as much as 443% at the time of writing.

An August 7th announcement by Kraken revealed that the two user-created tokens have been listed on the exchange for both spot trading and perpetual futures.

Community token MOON was developed for the r/CryptoCurrency subreddit. For user comments and posts, tokens are awarded.

In addition, users can trade MOON for emojis and badges to use on the subreddit. The token also entitles holders to vote in polls held by the r/CryptoCurrency community.

Meanwhile, Brick is a community token developed for the r/FortNiteBR subreddit of the same-named battle royale game.

Every four weeks, BRICK is distributed to users depending on their karma, or reputation points, and is kept in Reddit's native cryptocurrency wallet, Reddit Vault. Then, within r/FortNiteBR, BRICK can be swapped for exclusive memberships and unlocked perks.

At the time of writing, MOON boasted a fully diluted market capitalization of $44.3 million, while BRICK had a fully diluted market cap of $17 million.

Sources:

https://cointelegraph.com/news/reddit-community-tokens-soar-kraken-listing

https://decrypt.co/151610/reddit-moons-and-bricks-soar-after-kraken-listing

https://unchainedcrypto.com/reddit-tokens-surge-over-50-after-kraken-listing/

https://blog.kraken.com/product/asset-listings/brick-and-moon-trading-starts-today-on-spot-and-futures