For a forum this size I would expect there to be more users reporting. But, there isn't that many users that do report. Its always the same users reporting. Again, its understandable because its a real pain in the arse to do, and has no rewards whatsoever at the moment. But, hopefully with the introduction of reporting badges that will change.
I think something more important than a badge is required.
I would prefer no badge at all, and no incentive for reporting. Reporting spam posts can also be abused, and someone already mentioned it. If people really cared about the forum, they won't be needing any incentive.
TBH, I grew tired of reporting posts from Announcements(Altcoins), and Marketplace(Altcoins). Majority of my reports came from those sections, it's stressful reporting them, and my reports now came from topics that are not suited on a section.
I even sometimes wonder if legit investors dare to visit ICO Ann.
It's better to trash Announcements(Altcoins), and Marketplace(Altcoins). They both attract spammers, and scammers.
@OP, those sections that I mentioned is worthy for the signature you advertise. No offense, but the signature you're wearing attracts spammers here, who the hell in the world could make
42 meaningful posts in a week wearing it?