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Tokenized on Robinhood Chain
RDDT
Reddit. There are 8,456 of these tokens in existence, worth $1.3m between them. It trades.
Price
$153.73
24 hours
-1.92%
Volume, 24h
$916.7k
Tokens in existence
8,456
7 days
-4.61%
30 days
-3.00%
Range since listing
$134.6 – $393.04
What you would actually own
A token, not a share. It tracks the price of Redditstock, and it is a claim arranged by an issuer rather than an entry on the company's share register: no vote, no direct dividend entitlement, and a counterparty between you and the equity. The supply figure above is the honest measure of how large this actually is — 8,456 tokens is a different order of magnitude from the company's shares outstanding, and conflating the two is the most common mistake made about this market. The longer answer.
