Moons and Bricks Up 50% With Kraken Listing

Tokens have been on the rise since Kraken started listing Reddit’s community tokens moons (MOON) and bricks (BRICK). MOON, the native token of Reddit’s r/CryptoCurrency community, which has more than 6.5 million users, rose 47 percent to 42 cents. BRICK, the native token of the r/Fortnite subreddit, rose nearly 50 percent to as much as 4 cents.

MOON is an ERC-20 token distributed as a reward for comments or posts on the r/CryptoCurrency subreddit. Users can store their coins in Reddit’s Ethereum-based Vault wallet. These tokens, which are used to access features such as badges and GIFs in comments, and to vote in polls, can be traded between community members, sent as gifts or spent. BRICK also serves a similar purpose on its r/Fortnite subreddit.

Kraken and Kraken Pro users can trade both cryptocurrencies using US dollars and euros on the spot market. There are also consolidated futures trades linked to the MOON/USD pair on the exchange.