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Ano ang BRICK token ng Reddit?

Ang Beginner’s Guide


Founded in 2005, you likely know Reddit as one of the world’s largest social media networks. 

Now one of the top 100 websites globally, Reddit is today composed of many thousands of communities called subreddits, which allow users to discuss specific topics, from gaming to music, via moderated message boards.

However, you may not know Reddit has long been interested in cryptocurrency

In fact, in 2020, the company announced it would launch Reddit Community Points (RCPs), new cryptocurrencies running on Ethereum that represent ownership in specific subreddits. 

In Reddit’s words, RCPs “are a way for Redditors to own a piece of their favorite communities.” Put simply, RCPs are meant to be a measure of a user’s reputation and contributions within a subreddit. Redditors earn RCPs by submitting posts and comments to a subreddit. 

In this way, RCPs work similarly to the platform’s “karma credits”, which measure the total votes users have earned on their submissions and comments. However, RCPs differ from karma points as there is a specific economic value attached by the market to each token. 

To date, there are two subreddits that have launched their own RCP token. 

The r/FortNiteBR subreddit has announced BRICK, detailed below, and the r/Cryptocurrency subreddit has announced MOON, detailed here
 

What are reddit bricks brick


Who Created RCPs?

Reddit Community Points were created by Reddit and formally announced in 2020

At the time, the company’s developers created the smart contracts that define the RCP rules, and the code was reviewed and audited by the blockchain security firm Trail of Bits. 

Of note, since RCP tokens run on Ethereum, users must pay fees with each transaction. 

Anticipating that most of its users will not own any ETH, Reddit has said it is prepared to cover some costs while users get accustomed to the technology. (Still, you can always buy ether on a trusted global exchange like Kraken). 

Paano gumagana ang BRICK?


Kung bago ka sa blockchain technology, ang mga smart contract ay mga programa na pinapatakbo sa isang blockchain at ipinatutupad ng ilang mga patakaran na pinagpapasyahan ng mga developer. 

Pinili ang Reddit upang patakbuhin ang mga RCP tokens sa Ethereum blockchain

Nangangahulugan ito na ang mga BRICK ay: 

  • Buong pagmamay-ari at kinokontrol ng mga user na lumilikha ng isang Vault sa Reddit app (na nagsisilbi bilang Ethereum wallet).
  • Nagagawa sa lahat ng iba pang mga aplikasyon at asset ng Ethereum.
  • Ang Pseudonymous, na nangangahulugang walang kumokonekta sa pagmamay-ari ng isang RCP token sa pangalan at pagkakakilanlan ng isang Redditor.

BRICK is ang opisyal na cryptocurrency ng r/FortNiteBR o Fortnite Battle Royal subreddit, nakatuon sa tanyag na electronic game na nilikha ng Epic Games. 

Ayon sa mga alituntunin ng r / FortNiteBR, ang lahat ng mga post sa subreddit ay kailangang nauugnay sa Fortnite, o mai-u-ugnay sa kultura sa maski anong paraan. 

Ang subreddit ay suportado ng iba't ibang mga developer, at ang mga Redditors ay nakikipag-ugnayan sa pamamagitan ng pagbabahagi ng mga tip at trick at video ng kanilang mga character sa laro.

Kumikita ng BRICK

Kumikita ang mga Redditors ng BRICK base sa content ng kanilang ginagawa sa r/FortNiteBR subreddit. Maaari anuman ito mula sa orihinal na mga post hanggang sa pagbibigay ng comment sa content ng ibang tao. 

Una nang ilalabas ng Reddit ang 50 milyong BRICK token sa komunidad, batay sa dami ng karma na kanilang nakuha sa subreddit hanggang ngayon. Ayon sa mga patakaran ng software, magkakaroon ng isang hanay ng bilang ng mga token na ibinahagi buwan-buwan gamit ang parehong pamamaraan. 

Nagtatakda din ang Reddit ng isang tiyak na bilang ng BRICK & nbsp; maliban sa pamamahagi ng mga moderator sa komunidad na namamahala sa subreddit at sa Reddit mismo. 

Vault

Ang Vault ay isang paraan para matingnan ng mga Redditor ang kanilang kinitang BRICK, i-claim ang anumang mga bagong BRICK & nbsp; token na inilalaan at ginugol ng mga BRICK & nbsp; token sa iba't ibang mga handog. Maa-access lamang ang mga vault sa pamamagitan ng mga mobile application ng Reddit. 

Katulad ng anumang cryptocurrency wallet, bumubuo ang Vaults ng isang public address, kung saan ang BRICKs ay nakatago, at isang private key, na hinahayaan ang mga user na ma-access at magamit ang mga ito. 

Makikita lamang ng Reddit ang public address ng Redditor, at ginagawa ito upang matingnan ang mga user balance.
 


Bakit may value ang BRICK?

The goal of RCP tokens is to align the interests of Reddit users, advertisers and the platform.

On the day of the launch, Reddit will distribute 50 million BRICK tokens to community contributors based on karma earned in the community. (This is contingent on the user having set up a Vault.)

Reddit will then go on to distribute 50 million tokens in the first year, given out monthly. Over time, the amount of tokens will decrease until 250 million BRICK have been distributed. 

Like many other cryptocurrencies, the supply of BRICK is limited, meaning that according to the software’s rules, there will only ever be 250 million BRICK.

Spending BRICK

Once Redditors receive BRICK there are a variety of ways that they can use them. 

They can: 

  • Buy special membership to the r/ForNiteBR subreddit, costing 500 BRICK per month (roughly $5). Benefits include special loyalty badges and receiving the ability to reply using gifs and animated emojis, among other things. 
  • Buy specialized badges and awards 
  • Take part in polls to improve the subreddit, weighted by the amount of tokens users have earned in their Reddit account’s lifetime.
  • Tip other users for their content.

Each time a user spends BRICK on Reddit, the protocol burns them, meaning that they are destroyed and never can be used again.  

This means the amount of BRICK circulating will always go down, thus hopefully increasing the value of the remaining tokens. 

Of note, half of the monthly burned tokens will be reintroduced into the economy the following month, ensuring that there will always be new BRICK to distribute, even after the 250 million tokens have been distributed. 
 


Bakit kailangan kong gumamit ng BRICK?

You may be interested in BRICK if you want to play a role in maintaining the r/FortNiteBR subreddit or are already doing so. 

If you are already an active content creator on r/FortNiteBR, you may consider creating a Vault to interact with the BRICK tokens you’ve earned to date. You may also want to purchase BRICK to tip the creators of your favorite content. 

Investors may also be interested in BRICK should they believe there is long-term opportunity in owning a cryptocurrency widely used by the popular Reddit Fortnite community. 
 

Simulan ang pagbili ng Cryptocurrency


We don't yet offer BRICK on Kraken, but check out our entire selection here and signup for an account!