Tuesday, December 1, 2020
coincasso bitcoin exchange banner
Home The Fortnite community on Reddit has carried out the most transactions in...

The Fortnite community on Reddit has carried out the most transactions in the new crypto

75% of all community points transactions so far have been made by Fortnite enthusiasts, not a community interested in cryptocurrency. 

The trial version of community points

Last week, the Reddit platform announced the beginning of tests of 2 types of social networking points, namely “Moon” and “Bricks” to encourage users to get more involved on the platform. Moon and Bricks are digital tokens based on the Ethereum blockchain, aimed only at users of subreddits such as r/Cryptocurrency and r/FortNiteBR.

Bricks and moons on reddit

FortNiteBR ahead

After the introduction of the new social system, over 15,000 users made 18,000 token transfers, of which 75% used “Brick” tokens from the FortNiteBR community. 

This is a funny situation because the CryptoCurrency community dedicated specifically to cryptography and related topics has only 2,800 “Moon” tokens compared to nearly 12,800 “Brick” tokens from the FortNiteBR community.

Community points on Reddit

source: reddit.dappradar.com

Both communities have a similar number of subscribers, yet the enthusiast group of one of the most popular MMOFPS games from Epic Games has shown much stronger support for Reddit token.

Considering that 75% of the portfolios created so far in the test network are Fortnite fans, it can be concluded that tokens are best suited for groups where the connection between people is more important than an interest in blockchain or crypto technology.

The health of the Reddit communities

Despite its similar size, the Fortnite community receives up to 20 times more votes for the most popular posts than the community interested in crypto. These results reflect the good health of the group and the proper management of the community by administrators.

Health of reddit community
Product Manager at Bitcoin.com, Crosbin Fraser suggested that the r/CryptoCurrency community may have a serious problem with group management, and as we well know, communities with more than 1 million users are extremely difficult to administer properly.

Development community points

Some communities like r/Bitcoin with almost 1.5 million subscribers and with a deep interest in the subject of digital assets still do not have their community token. This is because Reddit’s social points have now only been implemented in two subforms of the portal. Crypto investor on Twitter sarcastically commented on the current lack of a community token in the r/Bitcoin community

Brian Armstrong from the Coinbase crypto exchange believes that the implementation of blockchain-based tokens for the social networking platform is a breakthrough for the whole technology. He adds that all this is the result of slow evolution and development of the crypto market.

Reddit community growth
Reddit is planning to migrate the community points system to the mainnet Ethereum, but this will happen in a few months’ time during the holidays. According to the reports, Reddit plans to offer Ethereum-based points to its entire community, i.e. over 400 million users. When that moment comes and the community points will be available to every user of the community, we will see their true power.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sidebar Widget
USD
EUR
PLN
RUB
bitcoinBitcoin (BTC)
$ 18,897.18
ethereumEthereum (ETH)
$ 590.57
tetherTether (USDT)
$ 0.998826
rippleXRP (XRP)
$ 0.621560
bitcoin-cashBitcoin Cash (BCH)
$ 293.23
litecoinLitecoin (LTC)
$ 87.65
tronTRON (TRX)
$ 0.030418
moneroMonero (XMR)
$ 126.81
dashDash (DASH)
$ 107.25
eosEOS (EOS)
$ 3.04
dogecoinDogecoin (DOGE)
$ 0.003323
bitcoinBitcoin (BTC)
15.795,36
ethereumEthereum (ETH)
493,63
tetherTether (USDT)
0,834877
rippleXRP (XRP)
0,519536
bitcoin-cashBitcoin Cash (BCH)
245,10
litecoinLitecoin (LTC)
73,26
tronTRON (TRX)
0,025425
moneroMonero (XMR)
106,00
dashDash (DASH)
89,65
eosEOS (EOS)
2,54
dogecoinDogecoin (DOGE)
0,002778
bitcoinBitcoin (BTC)
70,820.02
ethereumEthereum (ETH)
2,213.25
tetherTether (USDT)
3.74
rippleXRP (XRP)
2.33
bitcoin-cashBitcoin Cash (BCH)
1,098.92
litecoinLitecoin (LTC)
328.48
tronTRON (TRX)
0.113996
moneroMonero (XMR)
475.24
dashDash (DASH)
401.94
eosEOS (EOS)
11.39
dogecoinDogecoin (DOGE)
0.012453
bitcoinBitcoin (BTC)
1,437,676.74
ethereumEthereum (ETH)
44,929.92
tetherTether (USDT)
75.99
rippleXRP (XRP)
47.29
bitcoin-cashBitcoin Cash (BCH)
22,308.62
litecoinLitecoin (LTC)
6,668.32
tronTRON (TRX)
2.31
moneroMonero (XMR)
9,647.57
dashDash (DASH)
8,159.46
eosEOS (EOS)
231.28
dogecoinDogecoin (DOGE)
0.252810
Sidebar Post
coincasso bitcoin exchange banner

Latest News

CBDC becoming more and more popular

More and more countries are planning and developing the emission of their own crypto. Lithuania announces the launch of its CBDC in July, while...

Bitcoin versus gold, what is a better investment?

Since the global COVID-19 pandemic, people have been looking for an alternative to keeping their savings in their domestic currencies. Some of them choose...

The Medical University of California forced to pay the ransom

Hackers hacked into Medical University computers and demanded a ransom for unlocking the data. After not very fruitful negotiations, the hackers received 116.4 BTC. A...

Blockchain e-voting system was attacked

Bitfury working for the Russian government was attacked at the weekend. Are innovative solutions safe? Problems in the Russian voting system  The Russian system of voting...

Crypto-powered online game tournaments are the future of this market

The Counter-Strike stars will soon be taking part in a cryptographic tournament, while fans will be able to bet on the score with VRA...