Token

Reddit

Million

MOON

<ul class="list-ic vertical"> 
 <li> 1 <a>MOON and BRICK are tokens of the Reddit community that are used to reward the community.</a> </li> 
 <li> 2 <a>They have real use cases in cryptocurrencies.</a> </li> 
</ul> 
Reddit rewards the users with the community point system. The rewards are in the form of MOON and BRICK tokens. The users who show their contribution towards the platform were rewarded with these tokens. 
They are digital tokens that can be earned by participating in some subreddits. One of the other uses of these tokens is that they can be used to unlock other special features or perks within those communities. Reddit was first built on Ethereum. It was then migrated to Arbitrum Nova which is a Layer-2 scaling solution created in 2021. 
<h2 class="wp-block-heading" id="strong-moon-token-strong">MOON Token</h2> 
It was introduced in May 2020. It is a part of the community project points of Reddit. It is an<a href="https://www.thecoinrepublic.com/2023/07/10/blockswap-to-host-multichain-erc20-side-event-at-ethcc/" target="_blank" rel="noopener noreferrer nofollow"> ERC 20 </a>token so it is interoperable with Ethereum-based cryptocurrency. MOON is rewarded by giving contributions to community polls and activities. Another way of earning MOON is to create posts. The upvotes received will increase the chance of receiving tokens as a reward. 
The use cases of MOON include access to exclusive content and features. It gives cryptocurrency membership by which one can include images, comments, etc. Since it is a token, it is used for voting and is used as a governance token. They can also be traded in various <a href="https://www.thecoinrepublic.com/2023/07/15/an-unforgettable-cryptocurrency-transformation/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency </a>exchanges. 
The distribution of MOON depends on the individual contribution made by people, i.e. their comments and posts on the platform. The contribution of the user is measured based on karma but the final decision is in the hands of the community. The more they vote, the more chances they will have to earn a MOON. Initially, 50M MOONs will be distributed based on karma earned in subreddits.&nbsp; 
<h2 class="wp-block-heading" id="strong-brick-token-strong">BRICK Token</h2> 
The community points project of Reddit consists of BRICK tokens as a part. It is given as a reward to the users. It is dedicated to Fortnite Battle Royale by Epic Games. The Fortnite game is free to play. In this, the players skydive and search for weapons that will be used to defend themselves from other players. 
The use cases of the BRICK token are the same as those of the MOON token. It is used as a membership card which gives access to its contents. It is also used for governance and embedding GIFs and images. 
BRICK has a maximum supply of 250M and they are distributed every four weeks. It is also based on Karma points every community user earns. Before distributing BRICKS, the proposal is made public and the community finalizes the decision. 
<h4 class="wp-block-heading">Summary</h4> 
MOON and BRICK are native tokens of the Reddit community. They are setting examples of how the tokens can increase engagement, online interaction, and contribution to the platform.&nbsp; 
The recent update of Reddit terms has made MOON and BRICK highly popular tokens. The highly powerful subreddits cryptocurrency (MOON) has 6.6 Million members and FortNite BR (BRICK) has 26 Million members respectively.

Reddit MOON and BRICK Token: How are They Influencing Engagements?

目录

Thecoinrepublic.com

发布于 2023年7月30日的其他文章

OPNX Airdrop to Terra (LUNA) & Terra Classic (LUNC) Holders

Top Ripple Execs Spark Controversial Debate Over XRP and Taxes

Elon Musk’s Tweet Sparks a Surge in Dogecoin Price

Ducati Launches NFT Collection in Collaboration With XRP Ledger

Bitcoin Price Prediction: Will BTC Price Hit $40K By Mid August?

Litecoin (LTC) Price Might Reach $130 According to Trading Platform altFINS, Amid Rising On-Chain...

订阅我们免费的电子期刊，获取每日最新加密领域动态！