The Rise of MOON and BRICK Tokens on Kraken Exchange
The native currencies for Reddit communities, MOON and BRICK, saw significant increases in value after being listed on cryptocurrency exchange Kraken. As of writing, r/Cryptocurrency Moons increased by 40% to $0.40, while r/FortNiteBR Bricks rose by 76% to $0.04. The listings came after Kraken’s support team hinted at the possibility of supporting Reddit Moons, leading to hopes for adoption. CoinGecko reported that both tokens are awarded to users based on their engagement within each community, allowing them to earn tokens for posting content and leaving comments. Kraken’s support for MOON and BRICK includes spot markets and perpetual futures, and users can also deposit MOON tokens into a Kraken account. The total supply of MOON tokens is 121 million, with a circulating supply of 107 million valued at $43 million.
Key Points:
- MOON and BRICK tokens have seen significant increases in value after being listed on Kraken exchange.
- R/Cryptocurrency Moons increased by 40% to $0.40, while r/FortNiteBR Bricks rose by 76% to $0.04.
- Both tokens are awarded to users based on their engagement within each community.
- Kraken’s support for MOON and BRICK includes spot markets and perpetual futures.
- Users can deposit MOON tokens into a Kraken account, but it’s unclear if Crypto.com supports this functionality.
Hot Take:
The listing of MOON and BRICK tokens on Kraken exchange has sparked excitement among Reddit communities and crypto enthusiasts. This move signifies a major development for the tokens and highlights the growing adoption of cryptocurrencies within online communities. It remains to be seen how these tokens will perform in the long run, but their increasing value and availability on a popular exchange like Kraken is a positive sign for their future prospects.
By
By
By
