Kraken Adds Support for Reddit’s MOON and BRICK Tokens
Kraken, one of the largest centralized crypto exchanges, has added support for Reddit’s community tokens, MOON and BRICK. This move has caused a surge in the value of both tokens, with MOON jumping over 47% and BRICK up nearly 50% in the last 24 hours.
Key points:
– MOON is the native token of Reddit’s r/CryptoCurrency community, while BRICK is the native cryptocurrency of the r/Fortnite subreddit.
– MOON is distributed as a reward for comments or posts in the r/CryptoCurrency subreddit and can be stored in Reddit’s Ethereum-based wallet, called Vault.
– Users can freely trade, tip, or spend their MOON tokens within the community for various purposes.
– Similarly, BRICK serves a similar purpose in the r/Fortnite subreddit.
– Kraken’s decision to list MOON and BRICK came after their support team hinted at the possibility in the r/CryptoCurrency subreddit.
Kraken and Kraken Pro users can now trade both MOON and BRICK against the U.S. dollar and euro in the spot market. Additionally, perpetual futures tied to the MOON/USD pair are also available.
Hot Take:
The listing of Reddit’s MOON and BRICK tokens on Kraken has led to a significant increase in their value. This move not only provides more opportunities for traders but also validates the growing influence and popularity of community tokens in the crypto space. It will be interesting to see how this listing impacts the future development and adoption of these tokens within their respective subreddits.
By
By
By
By
By