Podcast #128: We chat with Kent C Dodds about why he loves React and discuss what life was like in the dark days before Git. Listen now.
2 of 2 replaced http://wordpress.stackexchange.com/ with https://wordpress.stackexchange.com/

Why the count is important?

If I am not mistaken the flag allowance (how much you can flag in a day) is tied to that stat.

Does it lead to a badge or some reputation up?

There are two badges for 80 (Deputy) and 500 (Marshal) helpful flags.