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Reddit's Cryptocurrencies Are Being Sold by the Community

Reddit's Cryptocurrencies Are Being Sold by the Community

Traders have begun to trade Reddit’s BRICK and MOON cryptocurrencies through decentralized exchange HoneySwap since late September, though the tokens have little value. 

  • User have begun selling the BRICK and MOON token on the HoneySwap exchange, though it requires a few extra steps to begin trading
  • The high gas fees and the complicated process by which BRICKs are sold have resulted in few takers
  • The BRICKs token has liquidity of less than $1000 and has seen less than 200 transactions
  • Reddit has been experimenting with cryptocurrencies, integrating the r/ForniteBR and r/cryptocurrency subreddits with BRICKs and MOONs respectively
  • Reddit has also partnered with the Ethereum Foundation to scale its Community Points program

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