The native currency for two Reddit communities, MOON and BRICK, swelled on Monday after cryptocurrency exchange Kraken opened trading for the tokens.

As of writing, r/Cryptocurrency Moons has increased 40% over the past day to $0.40, while r/FortNiteBR Bricks was up 76% to $0.04 over the same period, according to CoinGecko.

The listings come after several members of Kraken’s support team teased the possibility of supporting Reddit Moons weeks ago. At the time, Kraken was adamant that it wasn’t hinting at a listing. After the back-and-forth fueled hopes for adoption among MOON holders, the cryptocurrency exchange Crypto.com swooped in and moved to support the token days later.

Both BRICK and MOON are awarded to users based on their engagement within each online community. Members can rack up tokens for posting content and leaving comments, with the ability to tip other users in the currency.

Launched in 2020 as part of Reddit’s experimentation with so-called Community Points, Monday’s listing was perceived as a major development within r/Cry

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Author: André Beganski

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