What Is Reddit (REDDIT) Crypto Coin? The Truth About Community Points and Scam Tokens

There is no such thing as a Reddit crypto coin called REDDIT. If you’ve seen ads, YouTube videos, or Telegram groups promoting a “REDDIT coin” to buy or trade, you’re being targeted by a scam. Reddit doesn’t issue, sell, or endorse any cryptocurrency with the ticker REDDIT. What people confuse for a Reddit coin is actually something very different: Reddit Community Points.

Reddit Doesn’t Have a Crypto Coin - But It Has Community Points

Since June 2020, Reddit has tested a program called Community Points - not a currency, not a stock, not a token you can trade on Binance or Coinbase. It’s a reward system built on blockchain technology, but it’s locked inside Reddit’s own ecosystem. Think of it like airline miles you can only use on one airline, and only for specific perks.

Only three subreddits have ever been part of this program: r/CryptoCurrency, r/FortNiteBR, and r/AmITheAsshole. Each has its own token:

• r/CryptoCurrency → MOON
• r/FortNiteBR → BRICK
• r/AmITheAsshole → AITA

These tokens aren’t traded like Bitcoin or Ethereum. You can’t send them to your MetaMask wallet and cash out. You can’t list them on Uniswap and make a profit. You earn them by posting, commenting, and getting upvotes - and they only work inside Reddit.

How Do You Earn Community Points?

You don’t buy MOON or BRICK. You earn them by being active in the right subreddits. Reddit uses a secret algorithm to decide who gets what. Based on internal data and developer notes, here’s how it breaks down:

• 60% of points come from upvoted posts
• 30% from upvoted comments
• 10% from how long you spend engaging

There’s a catch: if you don’t engage for 30 days, half your points decay. This stops people from hoarding tokens without contributing. It’s designed to reward consistent, quality participation - not spam bots or sock puppets.

To even qualify, you need:

• At least 100 karma in the subreddit
• The official Reddit app (version 2.18.0 or newer)
• Enabled Vault wallet in your settings
• Passed a human verification check

Most people fail on the first try. CryptoSlate found users take an average of 47 minutes to get their first token - and 62% give up before completing setup.

Why People Think There’s a “REDDIT Coin”

Scammers love this confusion. On decentralized exchanges like Uniswap, you’ll find tokens named “REDDIT” with contract addresses like 0x607f4c5bb672230e8672085532f7e901544a7375. These are fake. They have no connection to Reddit. The company has issued multiple warnings - including a public security alert in February 2022 - saying these tokens are scams.

Here’s what happens when you buy one:

• You send ETH or USDC to a smart contract
• You get “REDDIT” tokens in your wallet
• The price looks low - maybe $0.01
• You think you’ve found a gem
• Within hours, the price crashes to zero
• Your tokens become worthless

Coinbase’s scam database lists these tokens as high-risk. The SEC has flagged similar projects as unregistered securities. If you’re thinking of investing in a “REDDIT coin,” you’re not investing - you’re gambling on a fraud.

Where Do Community Points Actually Work?

MOON, BRICK, and AITA aren’t useless. They unlock real perks inside Reddit:

• Exclusive badges (like platinum or gold)
• Special awards you can give to other users
• Early access to Reddit features
• Voting rights in limited community polls (e.g., choosing the next AMA guest)

In r/CryptoCurrency, users have used MOONs to fund charity donations or pay for AMAs with crypto founders. One user, u/BlockchainGuru92, earned 1,200 MOONs for writing a guide and used them to support a local crypto education nonprofit.

In r/FortNiteBR, BRICK tokens helped organize a $15,000 tournament in 2021. Moderators used community votes to decide prize distribution.

But here’s the reality: 92% of all Community Point activity happens in r/CryptoCurrency. The other two subreddits barely use them. Reddit tried expanding to r/Android and r/PlayStation in 2021 - and both failed within months. Users said: “I don’t get anything for these tokens. Why bother?”

Technical Details: It Runs on Arbitrum Nova

Reddit’s system runs on Arbitrum Nova - a faster, cheaper version of Ethereum. Before July 2022, it ran on a testnet called Rinkeby. That was slow and expensive. Now, transactions cost less than a penny and finish in under 1.2 seconds.

Each token has a fixed supply:

• MOON: 250 million total (50 million airdropped in 2020-2021)
• BRICK: 100 million total
• AITA: 50 million total

Despite the blockchain tech, Reddit controls everything. They hold the private keys. You can’t move your tokens to an external wallet. You can’t trade them outside Reddit. You can’t sell them. You can’t withdraw them. If Reddit shuts down the program tomorrow, your MOONs vanish.

This isn’t decentralized. It’s a loyalty program with blockchain branding.

Why Experts Are Skeptical

Ethereum co-founder Vitalik Buterin praised the idea in 2020 - but called out Reddit’s centralized control in 2022: “Holding private keys negates blockchain’s core value.”

Analysts at Gartner predict the system will be abandoned by 2026. Messari’s 2024 poll showed 78% of experts believe Reddit will kill the program before 2027. Why? Because it’s not profitable, not scalable, and not aligned with Reddit’s real goal: an IPO.

Reddit’s 2023 earnings call mentioned exploring token utility in its ad marketplace - but no new subreddits have been added since April 2023. The project is frozen.

Real User Experiences: Mixed and Frustrating

On Trustpilot, Reddit Community Points has a 2.1/5 rating. Here’s what users say:

• “I posted daily for 3 months and got 200 MOONs. Then they disappeared. No explanation.”
• “I spent hours trying to connect my Vault wallet. Failed 7 times. Reddit support took 72 hours to reply.”
• “I earned 1,500 MOONs and used them to buy a custom badge. It looked cool. That’s it.”

Many users report losing tokens due to “failed bridge transactions.” Reddit doesn’t offer refunds. There’s no customer service for blockchain issues. The help center only explains 3 out of 15 common error codes.

Market Value? It’s Not What You Think

Some sites list MOON’s market cap at $48 million. That’s misleading. That number comes from speculative trading on Uniswap - where fake “REDDIT” tokens are mixed in with real MOONs. Actual MOON trading volume is under $100,000 per day. Most holders are long-term users, not speculators.

During the 2022 crypto crash, MOON dropped from $7.20 to $0.78. But unlike real cryptocurrencies, it didn’t bounce back - because it has no real market. No exchange supports it. No wallet lets you cash out. No one uses it outside Reddit.

What Should You Do?

If you’re a Reddit user and you like r/CryptoCurrency:

• Join the subreddit
• Post helpful content
• Get karma
• Enable Vault in the app
• Earn MOONs if you qualify
• Use them for badges or awards

That’s it. Don’t expect to get rich. Don’t buy any “REDDIT” token. Don’t trust any website selling it. Don’t send crypto to any address claiming to be Reddit’s official wallet.

If you’re looking to invest in crypto, look at Bitcoin, Ethereum, or established projects with real utility, transparent teams, and exchange listings. Reddit’s Community Points are a social experiment - not an investment.

Reddit didn’t build a cryptocurrency. They built a loyalty program with blockchain tech. And like most loyalty programs, it only works if you care about the brand - not the token.

What Happens Next?

Reddit’s 2025 roadmap hints at using Community Points in its ad system - maybe letting users earn tokens for watching ads. But that’s just a theory. No official plan exists. The project is quiet. The team has moved on. The subreddits still have MOONs - but few care anymore.

The future of Reddit’s tokens? Probably nothing. They were never meant to be a coin. They were meant to keep people engaged. And in that, they’ve barely succeeded.