Reddit cryptocurrency experiment picks up steam, with more than 10,000 Ethereum-based wallets created since its inception

By Selena On May 17, 2020

According to statistics from Etherscan, the number of users of Reddit’s newly launched cryptocurrency wallet has exceeded 10,000. As you may know, Reddit officially rolled out the trials for its Ethereum-based Community Points for two subreddits. In it, Fortnite fans being responsible for the lion’s share of these addresses.

The number of users of Reddit’s newly launched crypto wallet has already surpassed 10,000

This 10,000 users milestone is considered the first milestone for the project.

Reddit says Bricks (r/fortniteBR) and Moons (r/cryptocurrency) will be on Rinkeby until end of summer then migrated over (Donuts for /r/ethtrader already are)

Here are the contracts

Bricks (1076 tx so far): https://t.co/IhtjrkqWPe

Moons (176 tx so far): https://t.co/6ARJNTOvx8

— eric.eth (@econoar) May 14, 2020

Earlier this month, the site of 450 million Reddit users gave the cryptocurrency industry a huge boost, through the introduction of tokens for two of its subreddits (/ r / Cryptocurrency and / r / FortniteBR). ).

The two tokens on the platform are called ‘Moons’ and ‘bricks’ and both are ERC-20 tokens, which are used to buy exclusive items or earning reputation points. However, at the moment, Reddit is relying on Ethereum’s testnet Rinkeby, meaning the aforementioned tokens do not have any value.

Moreover, it seems that Reddit is planning to launch the mainnet after the summer. However, some users are still worried about gas charges as the new Reddit stream is joining the platform. It is known that gas prices have quadrupled in just one month.

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