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What Is Fortnite BRICK and How to Buy BRICK Tokens?

2023-10-25 07:37:18

In our commitment to continually broaden our offerings, we are introducing a new project addition: the Fortnite Brick, a community token that empowers the Fortnite ecosystem.

This article provides you with a comprehensive overview of the Fortnite Brick token, its features, tokenomics, statistics, and its potential impact on the crypto ecosystem. We will conclude the article by providing precise steps on how to buy or trade BRICK tokens.

What Is Fortnite BRICK Token? 

Fortnite Bricks, often referred to simply as "BRICK," is a unique cryptocurrency introduced by the r/FortniteBR subreddit community. BRICK serves as their version of Community Points, designed to reward users for their valuable contributions to the subreddit. These digital crypto tokens can be earned, tipped, won, collected, and spent on various items and privileges within the community. It's important to note that BRICK is not affiliated with or associated with Epic Games, the developer of Fortnite.

To obtain BRICK tokens, users need to actively participate in the subreddit by making comments, posts, and other contributions. The distribution of BRICK tokens is based on a user's Reddit karma, which measures their overall contribution to the subreddit. Reddit karma is calculated based on the votes (upvotes and downvotes) received on a user's submissions and comments. While karma provides a basis for earning Bricks, the final decision on distribution is made by the community.

Brick tokens have several valuable uses within the r/FortniteBR community. Users can display their reputation by showcasing their BRICK balance next to their username, unlock exclusive features like badges and GIFs with a Special Membership, vote in governance polls to influence community decisions, tip other users to reward their contributions, convert Brick tokens into Reddit Coins for awarding posts or comments, and access Brick Perks, which includes various features introduced by the subreddit Moderation Team.

One distinctive feature of Bricks is that they exist on the Ethereum blockchain, separate from Reddit's control - meaning once users have earned BRICK tokens and stored them in their Vault, neither Reddit nor the moderators can take them away or dictate how they are used. This decentralized nature ensures that BRICK is entirely owned and controlled by their respective users, similar to cryptocurrencies like Bitcoin.

To start using Bricks, users must set up their Reddit Vault, a secure storage place for their tokens. The Vault is available within the Reddit mobile app and can be accessed by creating an account. It is essential to safeguard the Vault password and 12-word recovery phrase, as losing access to the Vault can result in the inability to recover Bricks. Distributions of Bricks occur every four weeks, and eligible users receive their Bricks automatically, which are then stored in their Vault.

Governance polls play a crucial role in shaping how Bricks and Community Points work. These polls allow users to propose and vote on changes to the Bricks system. The voting power in these polls is determined by the amount of Bricks a user owns, ensuring a fair process. Users can propose changes if they meet specific criteria, and approved changes can impact future Bricks distributions.

BRICK Token Features and Utilities

Here are the key features and utilities of BRICK tokens:

  1. Unlock Exclusive Features: BRICKs can be used to unlock exclusive features such as badges and GIFs in comments with a Special Membership. This adds a layer of customization and personalization to a user's engagement with the community.
  2. Vote in Governance Polls: BRICK token holders have the ability to participate in governance polls. These polls are used to make decisions about how Community Points, in the form of BRICKs, are distributed and calculated each month. The more BRICKs a user holds, the greater their influence in these polls.
  3. Tip Other Users: Users can tip other community members with BRICKs as a way to reward and show appreciation for their contributions. This feature encourages positive engagement and recognizes valuable content.
  4. Convert to Reddit Coins: BRICKs can be converted into Reddit Coins, which can then be used to award posts and comments on the broader Reddit platform. This allows BRICK holders to extend their influence beyond the r/FortniteBR subreddit.
  5. Access to Brick Perks: BRICK tokens grant access to Brick Perks, which includes a range of additional features and functionalities implemented by the r/FortniteBR Moderation Team. These perks can enhance the user experience and engagement within the community.
  6. Community Engagement: BRICK tokens are designed to encourage and reward positive community engagement. Users who actively contribute to the r/FortniteBR subreddit can earn these tokens, reinforcing a sense of community involvement and recognition.
  7. Display Reputation: BRICK tokens allow users to display their reputation within the r/FortniteBR subreddit. The token balance is publicly visible next to a user's username, providing recognition for their contributions to the community.

BRICK Tokenomics

BRICK Tokenomics encompasses an existing circulating supply of around 111.2 million BRICK tokens as of 12 October 2023. BRICK tokens are compliant with the ERC-20 standard and can be securely stored in Reddit's Ethereum-based wallet known as the Reddit Vault.

BRICK Statistics

Total Supply: 111,230,228 BRICK

Circulating Supply: 111,230,228 BRICK

Market Capitalization: $5.54 Million

Trading Price: $0.04976

*Data source: The table above is real-time data from Coinmarketcap as of October 25, 2023

Where to Buy and Trade BRICK Tokens?

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including the BRICK token, users can now trade easily and seamlessly. To purchase BRICK tokens on CoinEx, follow the steps below.

  1. Create an Account: Start by signing up for a CoinEx account.
  2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
  3. Navigate to BRICK Trading Page: Once your account is funded, go to the dedicated BRICK trading page on CoinEx. You can find a search box and enter the term BRICK to swiftly locate the trading pair associated with BRICK tokens.
  4. Choose a Trading Pair: Select the trading pair BRICK/USDT to trade BRICK against USDT (Tether).
  5. Specify the Purchase Amount: Determine the quantity of BRICK tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
  6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. 

By following these comprehensive steps, you can easily trade BRICK tokens on CoinEx, taking advantage of the available trading pairs.

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